Category: Finance
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Challenge Seeks Biomarkers for Neuropathic Pain
1 August 2014. A new challenge on InnoCentive is seeking biomarkers that help predict the effectiveness of pain-killing therapies for patients with neuropathic pain. The challenge requires a detailed written proposal due on 27 September 2014, with a payout of $25,000. Free registration is required to see the challenge details. InnoCentive in Waltham, Massachusetts conducts…
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Pfizer Acquires Baxter Vaccines Business
31 July 2014. Baxter International in Deerfield, Illinois sold its vaccines operations to Pfizer Inc. in New York for $635 million. The deal covers two current Baxter vaccines and part of a plant in Orth, Austria where the vaccines are produced. One of the vaccines acquired by Pfizer, FSME-IMMUN, protects against tick-borne encephalitis, a viral…
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Genome Institute Grant Funds 23andMe Database Upgrades
29 July 2014. National Human Genome Research Institute, part of National Institutes of Health, is funding enhancements to the research database capabilities of personal genetics company 23andMe in Mountain View, California. The two-year, $1.37 million project aims to help the company better mine its genetic and survey data collections for research connecting genomic variations to…
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Organ Chip Start-Up Gains $12 Million in Early Funds
28 July 2014. Emulate Inc., a new company spun-off from a Harvard University bioengineering lab, raised $12 million in its first venture round to finance development of chip-like devices that mimic the functions of human organs. The funding round was led by NanoDimension, a venture capital company specializing in nanotechnologies, with Cedars-Sinai Medical Center and…
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Fox Foundation Funding Parkinson Drug Discovery Research
25 July 2014. Researchers from Albert Einstein School of Medicine at Yeshiva University in New York are testing compounds for drugs that take on underlying causes of Parkinson’s disease. A $165,000 grant from the Michael J. Fox Foundation for Parkinson’s Research is funding the one year project led by Ana Maria Cuervo and Evripidis Gavathiotis,…
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Student Designs Simple Water Filter, Seeks Crowdfunding
24 July 2014. An engineering student at ETH Zurich, a science and technology university in Switzerland, designed a simple, inexpensive water filter to bring drinking water to developing countries that lack reliable clean water sources. Jeremy Nussbaumer developed the DrinkPure filter while an undergraduate at ETH Zurich, and now has a crowdfunding campaign on Indiegogo…
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Spin-Off Company Developing Cardiac Drug Tests
22 July 2014. A medical researcher at Coventry University in the U.K. is spinning-off a new company to commercialize her research on cardiac drug toxicity for screening new therapies for dangerous side effects before testing on patients. Helen Maddock, a lecturer in cardiovascular physiology and pharmacology, is starting InoCardia to provide this service to pharmaceutical…
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Farm Survey Drone System Seeks Crowdfunding Support
21 July 2014. A system that combines an aerial drone with Android tablet and software designed to survey a grower’s crop fields is seeking crowdfunding contributors. The StitchCam system by San Diego start-up SNAP Vision Technologies LLC is the subject of a Kickstarter campaign, but needs to raise more than $92,000 of its $100,000 goal…
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U.S. Energy, Ag Depts Fund Genomic Research for Biofuels
18 July 2014. The U.S. energy and agriculture departments are funding 10 new studies that aim to improve plant feedstocks for biofuels and other bio-based products. Department of Energy (DoE) is contributing $10.6 million in 2014, while Department of Agriculture (USDA) is adding $2 million. The studies run for 3 years. The joint DoE/USDA Plant…
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Food Safety Test Systems Company Raises $60 Million in IPO
17 July 2014. Roka Bioscience Inc., a developer of molecular-level food safety tests in Warren, New Jersey, issued 5 million shares in its initial public offering (IPO) yesterday. The company priced the shares at $12.00, raising $60 million. Roka Bioscience will trade on the Nasdaq exchange under the symbol ROKA. The company develops tests for…