Category: Finance
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Jewelry-Like Devices in Development to Enable Mobile Health
Computer scientists and engineers at Clemson University in South Carolina and Dartmouth College in New Hampshire are collaborating on electronic devices worn like jewelry to improve the capture of data for mobile health applications, while maintaining an individual’s privacy and security. The three-year Amulet project, as the initiative is known, is funded by National Science…
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3-D Printer Maker Lands $19 Million in First Venture Funds
Formlabs, a developer of three-dimensional printing technology in Somerville, Massachusetts, secured $19 million in its first venture funding. The financing round was led by venture capital company DFJ, with Pitango Venture Capital, Innovation Endeavors, and returning angel investors. Formlabs is a spin-off from MIT’s Media Lab, founded in 2011 by three engineers and designers. The…
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Consortium Funds Bio-Semiconductor Component Research
Semiconductor Research Corporation in Research Triangle Park, North Carolina is supporting research at six universities on components performing electronic functions, but based on biological models. The $2.25 million Semiconductor Synthetic Biology research studies will be conducted at Massachusetts Institute of Technology, University of Massachusetts at Amherst, Yale, Georgia Tech, Brigham Young, and University of Washington. Semiconductor Research…
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Consortium Formed for Antibiotic Resistance Drug Discovery
A collaboration of Anacor Pharmaceuticals in Palo Alto, California with Colorado State University and University of California in Berkeley is researching new types of antibiotics to treat a broad range of infections, including those resistant to current antibiotics. The $13.5 million, 3.5 year project is funded by the Defense Threat Reduction Agency, part of the…
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Challenge Seeks Better Insecticide Performance Test Methods
A new challenge on InnoCentive is looking for new methods or processes for tracking the interactions between insecticides and the pests they aim to kill. The competition has a total purse of $10,000 and a deadline of 18 November 2013 for proposals (free registration required). InnoCentive in Waltham, Massachusetts conducts open-innovation, crowd-sourcing competitions for corporate…
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St. Jude Medical Acquires Leadless Pacemaker Developer
St. Jude Medical, a medical device company in St. Paul, Minnesota, is acquiring Nanostim Inc., a developer of self-contained leadless heart pacemakers in Sunnyvale, California. Shareholders in the privately owned Nanostim can receive up to $188.5 million in upfront cash and milestone payments as a result of the purchase. St. Jude Medical has a relationship…
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Government Shut-Down Another Body Blow Say Life Scientists
The government shut-down, said a group of researchers, is taking a large and lasting toll on life sciences in the U.S., with the ripples being felt in the economy at large. The life scientists spoke today at a press conference in Washington, D.C. organized by American Society for Cell Biology (ASCB). The researchers, all from…
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Biotech Company to Go Public in $86 Million IPO
GlycoMimetics Inc., a biotechnology company in Gaithersburg, Maryland, filed its registration with the U.S. Securities and Exchange Commission for a proposed initial public offering (IPO) of common stock. Fortune Magazine’s Term Sheet page reports the company aims to raise $86.25 million through the IPO, and trade on the Nasdaq exchange under ticker symbol GLYC. GlycoMimetics…
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P&G Seeking Ideas, Partners in Inkjet Printing Challenge
Procter & Gamble Company in Cincinnati is seeking new ideas for applications of 3-D inkjet printing to add consumer appeal to packaging, as well as collaborators to bring those ideas to fruition. The campaign to find these ideas and partners is contained in a new challenge on InnoCentive, which has a deadline of 30 October…
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Investment Fund to Finance Global Health Technologies
A consortium of private sector, foundation, and government partners formed the Global Health Investment Fund, to finance higher-risk, late-stage development of vaccines and other public health innovations in low-income countries. The fund is led by the bank JPMorgan Chase and the Bill & Melinda Gates Foundation, with contributions from Grand Challenges Canada (funded by the…