Category: Finance
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Yale, Gilead Sciences to Collaborate on Cancer Therapies
Gilead Sciences Inc., a biopharmaceutical company in Foster City, California and Yale School of Medicine in New Haven, Connecticut agreed on a multi-year research collaboration for the discovery of new cancer therapies. Gilead will have the first option to license Yale’s findings that result from the collaboration. The research effort will initially span four years…
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Grants to Fund Research on High Altitude Sickness
The Department of Defense has awarded two grants to the Altitude Research Center at the University of Colorado School of Medicine in Denver to develop new ways to combat high altitude sickness. The grants, totaling $4 million, are aimed at finding ways to overcome Acute Mountain Sickness (AMS) that often strikes service members in Afghanistan.…
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U.K. Grant Funds Composite Materials Research
A research team from two universities in the U.K. have been awarded a grant to develop a new generation of high performance, fiber-reinforced polymer composites to overcome failures that can happen with little warning. The £6 million ($US 9.6 million) six-year grant by the Engineering and Physical Sciences Research Council was awarded to University of…
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University Spinoff Company Commercializes Robotic Modules
A University of California at Davis engineering professor and former student have developed robot modules for teaching and research, and formed a company to take their invention to market. Davis professor Harry Cheng and former grad student Graham Ryland developed the iMobot, as their invention is called, while Ryland worked in Cheng’s Integration Engineering Laboratory.…
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Google Grant Funds Tools for Internet Transparency
The Internet services company Google has awarded a grant to Georgia Institute of Technology in Atlanta to help Web users determine the cause of degraded Internet services. The $1 million Google Focused Research Award will fund a two-year project at Georgia Tech, with an option for a third year. The project aims to make Internet…
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Nanoscale Implant Surfaces Help Seal Skin Against Infections
Researchers at Brown University in Providence, Rhode Island have created nanoscale surfaces for materials on prosthetic devices that mimic the contours of natural skin. Their findings appear in the April issue of the Journal of Biomedical Materials Research A (paid subscription required). The goal of biomedical engineers to develop more flexible, functional prosthetics for soldiers…
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Finance Friday: 18 March 2011
Here are recent angel and venture finance transactions for science- and engineering-based companies, as reported by Xconomy and Venture Capital Reporter. Biomedical/Life Sciences Advanced Animal Diagnostics in Durham, North Carolina raised $11 million in equity funding with Intersouth Partners and Novartis Venture Funds, the venture capital arm of Novartis Pharmaceuticals, and others. Chronix Biomedical in San Jose,…
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Engineers Research Grid Upgrades to Handle More DC Power
Engineers at University of Pittsburgh in Pennsylvania have begun research on upgrades needed in the U.S. electrical grid to better integrate direct current (DC) power in an infrastructure designed for alternating current (AC). Funding for the project includes a recent $600,000 support grant from the Commonwealth of Pennsylvania’s Ben Franklin Technology Development Authority, as well…
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CDC Awards Grants to Reduce Health Care Infections
The U.S. Centers for Disease Control and Prevention (CDC) awarded $10 million for new research to five academic medical centers to develop and test new ways to reduce infections in health care settings. CDC estimates that 1 out of 20 hospitalized patients will acquire an infection, including drug-resistant infections, while receiving health care treatment for…
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Finance Friday: 11 March 2011
Here are recent angel and venture finance transactions for science- and engineering-based companies, as reported by Xconomy, Fierce Biotech, and Venture Capital Reporter. Biomedical/Life Sciences Kite Pharma, a start up biotech in Los Angeles, California developing new cancer vaccine therapies, took in $15 million in Series A venture funding, from TPG Capital and other investors.…