Category: Finance
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Trial to Test Electronic Media for Brain Injury Care
The Mayo Clinic in Rochester, Minnesota and collaborators in the upper Midwest will examine ways to use electronic media to improve the care of patients with traumatic brain injury (TBI) in rural and underserved urban areas. The five-year clinical study is funded by a $2.2 million grant from the National Institute on Disability and Rehabilitation…
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University Project Aims to Cut Nursing Home Hospitalizations
A new project at University of Missouri school of nursing aims to cut avoidable hospitalizations among nursing home residents. The study, led by nursing professor Marilyn Rantz is funded by a four-year $15 million grant from the Centers for Medicare and Medicaid Services (CMS), an agency of the U.S. Department of Health and Human Services.…
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Wake Forest, NanoMedica to Partner on Sequencing Technology
Physicists at Wake Forest University in Winston-Salem, North Carolina and NanoMedica Inc., a biotechnology company also in Winston-Salem, received a Small Business Innovation Research grant to develop a faster process of drug development. The $700,000 grant from National Institutes of Health is supplemented by a $160,000 award from North Carolina Biotech Center to develop the…
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Diagnostics Company Lands $12 Million Series B Funds
Advanced Cell Diagnostics Inc., a genomic diagnostics developer in Hayward, California, secured $12 million in series B funding, the second round of venture financing after initial start up. New Leaf Venture Partners that specializes in health care technology investments led the round, joined by existing investor Morningside Ventures. Advanced Cell Diagnostics makes diagnostic tests that…
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Study to Boost High-Speed Railroad Ties’ Durability
Research underway at Kansas State University in Manhattan aims to improve the durability of railroad ties designed for high speed rail systems in the U.S. and elsewhere. The work led by Kansas State engineering professor Kyle Riding is funded in part by a $1.2 milion grant from the Federal Railroad Association, an agency of the…
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Challenge Seeks Smartphone GPS Jamming Detector
A new challenge on InnoCentive asks for a method of detecting GPS signal jamming devices using smartphones. The competiton (free registration required) has an award of $20,000 and a deadline of 3 January 2013. InnoCentive in Waltham, Massachusetts conducts open-innovation, crowd-sourcing competitions for corporate and organization sponsors. Global Positioning System (GPS) signals can be drowned…
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Life Sciences Can Generate Start-Ups, With a Little Help
A case study of innovation in the life sciences in San Francisco shows academic researchers, with the right kind of support, can generate a high number of start-up companies producing new products for the marketplace. The study focuses on the California Institute for Quantitative Biosciences (QB3) and its entrepreneurial programs, which appears in this week’s…
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Arcadia Biosciences to Develop Heat Tolerant Wheat
Agricultural technology company Arcadia Biosciences in Davis, California will develop heat-tolerant varieties of wheat under a $3.8 million grant from the U.S. Agency for International Development. The deal also involves the International Maize and Wheat Improvement Center (CIMMYT), which will share in the rights to the discoveries. Arcadia Biosciences says some 50 million acres of…
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Q3 Venture Funding Drops, Science Sectors Hit Hard
Venture capital (VC) funding for U.S. companies dropped sharply in the third quarter of 2012, with the amount of money invested declining by about a third and number of deals down by almost 10 percent compared to 2011. For the year to date, says Dow Jones VentureSource, a financial industry research service, VC funding totaled…
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Trial to Test Branded vs. Generic Anti-Rejection Drugs
Researchers at University of Cincinnati will lead a clinical trial testing a brand-name drug to reduce rejection of transplants against generic versions. The $2.7 million study, funded by the Food and Drug Administration, includes colleagues from University of Colorado and Cincinnati Children’s Hospital Medical Center. The trial will test the drug tacrolimus, an immunosuppressant compound…