Category: Finance
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Immunotherapy Developer Gains $4.9M in Series B Funds
Gliknik Inc., a biopharmaceutical company in Baltimore, raised $4.9 million in series B funds, the second series of financing after initial start-up. Baxter Ventures led the funding round, joined by the company’s existing investors. Gliknik is a developer of therapies for patients with cancer and immune disorders that use the power of the immune system…
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Enhanced MRI in Development for Faster Alzheimer’s Diagnosis
Researchers at University of York in the U.K. are developing a new process that increases the sensitivity of magnetic resonance imaging (MRI) scans to diagnose molecular events behind disorders such as Alzheimer’s disease. York’s Signal Amplification by Reversible Exchange or SABRE project conducting the research recently received a £3.6 million ($US 5.8 million) Strategic Award…
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NSF Grant to Fund Natural Gas Development Impacts Study
An engineering research team at University of Colorado in Boulder will study the balance between natural gas development and its effects on ecosystems and communities. The five-year, $12 million study is funded by National Science Foundation under its Sustainability Research Network initiative. The Colorado team led by environmental engineering professor Joseph Ryan will examine social,…
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Artificial Kidney Project Lands New $750,000 Funding
The Kidney Project, an academic-corporate initiative led by University of California in San Francisco to develop an implantable device to replace failed kidneys, secured a new $750,000 grant from the John and Marcia Goldman Foundation. The funding supplements a $2.25 million grant received this summer from National Institutes of Health (NIH). The artificial kidney aims…
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Contract Awarded for Stem Cell Derived Burn Therapy
Cytori Therapeutics in San Diego received a contract from Biomedical Advanced Research and Development Authority (BARDA) for development of a cell therapy to treat thermal burns combined with radiation injury. The contract from BARDA, an agency of the U.S. Department of Health and Human Services, has a value of up to $106 million over a…
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Clinical Trial to Evaluate Type 2 Diabetes Treatments
A clinical trial coordinated by George Washington University in Washington, D.C. will test the effectiveness of glucose-lowering drugs in treating type 2 diabetes. The five year, $134 million study is funded by the National Institute of Diabetes and Digestive and Kidney Diseases (NIDDK) at National Institute of Health. John Lachin, professor of biostatistics, epidemiology and…
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Grant to Fund Study of Cyber Crime Economics, Networks
Computer scientists at University of California in San Diego, University of California in Berkeley, and George Mason University in Fairfax, Virginia received a National Science Foundation grant to better understand the economics and network dynamics of cyber crime. The five-year, $10 million study will investigate economic motivations and social interactions among cyber criminals, as well…
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SBIR Grant to Support Glucagon Made for Artificial Pancreas
National Institutes of Health (NIH) awarded Biodel Inc., a biopharmaceutical company in Danbury, Connecticut, a Small Business Innovation Research grant to develop a special form of glucagon used in artificial pancreas systems for diabetes patients. Small Business Innovation Research (SBIR) grants are awarded by U.S. federal science agencies to encourage smaller enterprises to explore research…
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NSF Grant to Fund Study of Energy Storage Nanomaterials
A physics professor at Clemson University in South Carolina will lead a team developing new nanoscale carbon materials for storing energy, funded by a grant from National Science Foundation. The four-year, $1.2 million project is headed by physicist Apparao Rao and includes participants from Clemson and the University of California-San Diego. The research is expected…
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Health IT Accelerator Formed, Seeks Entrepreneur Applicants
Tigerlabs, a support center for start-up companies in Princeton, New Jersey, is forming an accelerator program for new companies in health care information technology. The program, known as Tigerlabs Health, is scheduled to begin in February 2013, and accepting applications through 15 November 2012. The accelerator program will provide $20,000 in seed funding, mentorship, Microsoft…