Category: Finance
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Renewable Chemicals Developer Raises $104M in Venture Funds
Elevance Renewable Sciences in Woodbridge, Illinois says it raised $104 million in its series E financing, the fifth round of funding after start-up. Lacustrine Limited, a subsidiary of Genting Berhad, based in Kuala Lumpur, Malaysia led the round with Total Energy Ventures International, based in Paris. Elevance produces specialty chemicals for personal care products, detergents,…
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Venture Investors Increase First Half 2012 Fund Raising
Venture capital (VC) funds in Europe and the U.S. have increased their fund raising in the first half of 2012 by double-digit percentages, according to Dow-Jones LP Source, a financial industry research service. More fund raising by VCs indicates potentially more financing available for start-up companies liked those backed by venture investors. LP Source says…
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UCLA to Study Copper Surfaces to Reduce Hospital Infections
University of California in Los Angeles received a $2.5 million grant from the Agency for Healthcare Research and Quality for a clinical trial to test the use of copper to decrease the number of hospital-acquired infections. The research team will be led by the university’s Sustainable Technology and Policy Program and include members from UCLA’s…
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Luminex Corp. Acquires Molecular Diagnostics Developer
Luminex Corporation, a maker of medical diagnostics technologies in Austin, Texas will acquire Hayward, California-based GenturaDx, a developer of genomic testing systems. The $50 million deal involves Luminex purchasing all outstanding shares in the privately-owned GenturaDx. Luminex develops and manufactures instruments, software, reagents, and assays used in clinical labs as well as in pharmaceutical, diagnostic,…
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Grant Funds Feasibility Study of Photonic Ethernet Chips
A researcher at Technical University of Denmark in Lyngby has received a DKK 2.2 million ($US 370,000) grant to study the use of photonics to achieve high-speed Ethernet transfers on silicon chips. The grant from the Danish Council for Independent Research will fund the work of photonics staff researcher Hao Hu (pictured left) at Alcatel-Lucent-Bell…
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Memory Device Maker Secures $12.5 Million Venture Loan
Avalanche Technology, a developer of digital memory devices in Fremont, California has received a $12.5 million loan from Horizon Technology Finance Corporation in Farmington, Connecticut. Horizon Technology Finance calls the deal a venture loan, since the debt is secured by earlier venture capital and private equity financing. The funding is expected to support Avalanche Technology’s…
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Bristol-Myers Squibb Buys Amylin, Expands AstraZenca Deal
The pharmaceutical company Bristol-Myers Squibb in Princeton, New Jersey will acquire diabetes drug maker Amylin Pharmaceuticals in San Diego, California for $31.00 per share or $5.3 billion. Bristol-Myers Squibb will also expand its current collaboration with pharmaceutical maker AstraZeneca in London developing diabetes drugs, using the assets acquired through Amylin. Amylin Pharmaceuticals is expected to…
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Energy Dept. to Fund $102M for Small Business Research
The U.S. Department of Energy says it will fund research projects by 104 small businesses in the U.S. to develop energy-related technologies for market. The grants, made under the Small Business Innovation Research (SBIR) and Small Business Technology Transfer (STTR) programs, total $102 million. The projects cover technologies applying to energy efficiency, particularly for industrial…
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Intel Corp. to Fund Social Computing Research Center
Intel Corporation in Santa Clara, California will support a new research center on social computing, hosted by University of California at Irvine. The $12.5 million project is the seventh of the company’s Intel Science and Technology Centers (ISTCs) and includes partnerships with researchers at Cornell University, Georgia Tech, Indiana University, and New York University. ISTC-Social…
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Device Maker Teleflex Acquires Biomedical Materials Company
Teleflex Inc., a medical device provider in Limerick, Pennsylvania, has acquired Semprus BioSciences in Cambridge, Massachusetts, a developer of coatings for medical implants. The deal has an immediate value of $30 million. Teleflex is a manufacturer of medical devices for vascular access, including catheters and dialysis access products. The company also develops devices for regional…