Category: Finance
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Telemedicine Facing Financial, Regulatory Headwinds
Health care organizations with telemedicine programs run into challenges implementing their services, particularly in getting acceptance from payers, and meeting legal or regulatory requirements across multiple jurisdictions. These issues arose in two sessions today at the mHealth + TeleHealth World Congress in Boston. A key financial issue is reimbursement by insurance companies for telemedicine services.…
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Renewable Biochemical Spin-Offs Land Small Business Grants
Two start-up companies, founded to commercialize research on renewable biochemicals at Iowa State University at Ames, received small business research grants from National Science Foundation to develop their technologies for the marketplace. The companies — OmegaChea Biorenewables in Ames and Glucan Biorenewables in St. Louis — are spin-off enterprises from Iowa State’s Center for Biorenewable Chemicals. OmegaChea Biorenewables,…
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TB Diagnostics Developer Gains $1.5M in Early Financing
TB Biosciences, a biotechnology company in Bethlehem, Pennsylvania developing genomics-based diagnostics for tuberculosis, received $1.5 million in its first fund-raising round after initial start-up. The financing was led by Bethlehem venture capital company Originate Ventures, joined by Ben Franklin Technology Partners of Northeastern Pennsylvania and the NYU Innovation Venture Fund. Tuberculosis, or TB, is a…
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Venture Funding Down in 2Q, Health Companies Score in Exits
Venture capital (VC) funding of start-up companies in the U.S. continued its decline in the second quarter of 2013, but biotechnology start-ups figured prominently in gaining liquidity during that quarter. The data, compiled by the investment industry research service Dow Jones VentureSource, shows U.S. companies raised $7.2 billion in 801 deals during the second quarter, registering declines…
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Research to Develop Peer-to-Peer VoIP Security Protocol
A computer science research group at University of Alabama in Birmingham is studying a new security scheme to better protect voice- and video-over-Internet Protocol (VoIP) communications. The team led by Birmingham computer science professor Nitesh Saxena is funded by a two-year $150,000 grant from Cisco Systems. Saxena, with Birmingham computer science colleague Purushotham Bangalore, will…
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University Research Leads to Non-Toxic Insect Repellant
Research by an entomology professor at University of California in Riverside led to a company licensing his discoveries that announced its first product, a non-toxic patch that repels mosquitoes for 48 hours. Olfactor Laboratories, a company co-founded by and licensing the research of Anandasankar Ray, makes the Kite mosquito patch, which yesterday started a crowd-funding…
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Foundation Funds Study of Glass Formation Processes
A research team at University of Akron in Ohio is studying the formation of glass materials, processes that cover much more than materials found in windows. The team led by Akron polymer engineering professor David Simmons is funded by a $1 million grant from the W.M. Keck Foundation. Simmons is joined in the project by…
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Stem Cell Developer-Supplier Issues Initial Public Offering
Cellular Dynamics International in Madison, Wisconsin, a developer and supplier of human stem cells in bulk quantities, filed an initial public offering (IPO) of its stock with the U.S. Securities and Exchange Commission. The company is issuing some 3.85 million shares, which it expects to price at $12.00 to $14.00 a share, giving it an…
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Research Funded for DNA Vaccine to Create Nicotine Immunity
Researchers at Arizona State University in Tempe are investigating the ability of human DNA, assembled into nanoscale particles, to help people develop an immunity to nicotine. The project is funded by a three-year $3.3 million grant from National Institute of Drug Abuse, part of National Institutes of Health, and led by Arizona State immunologist Yung…
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Alternative Solar Cell Developer Adds $10M Venture Funding
Scifiniti, a developer of silicon-based solar materials in San Jose, California secured $10 million in series B venture financing, the second round of funding after initial start-up. Current investors Alloy Ventures, Firelake Capital, I2BF Global Ventures, and Peninsula Ventures took part in the round. The company’s first product is SmartWafer, an alternative photovoltaic solar cell…