Category: Finance
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Survey: Therapeutic Discovery Project Helps Biotechs
A survey of executives with biotechnology companies that received grants or credits under the Qualifying Therapeutic Discovery Project indicates the companies benefited from the awards, including the creation of new jobs. The survey of 226 top-level company executives was conducted online by the polling company Penn Schoen Berland, between November 2010 and February 2011, for…
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Life Science Commercialization Grants Awarded
The Life Sciences Discovery Fund (LSDF) in Seattle, Washington awarded some $600,000 in grants for the commercial development of technologies to improve the diagnosis and management of health conditions. LSDF is a Washington state agency that makes grant investments in life sciences research to benefit Washington state citizens. Christopher Bernards at Benaroya Research Institute at…
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Gates Grants Fund Malaria Modeling Device, Culture System
The University of South Florida in Tampa received $5.45 million in grants from the Bill and Melinda Gates Foundation for research on devices related to malaria. The first grant is to create advanced devices that mimic the human liver to better study the life cycle of the malaria parasite. The second grant aims to develop…
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World Bank Contract Awarded for Off-Grid LED Tests
The Lighting Research Center (LRC) at Rensselaer Polytechnic Institute in Troy, New York received a World Bank contract to perform laboratory testing of LED-based, off-grid lighting products. The LED-based lights are developed for Lighting Africa, a joint initiative between the World Bank and International Finance Corporation. Over the next 18 months, the LRC will lab…
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Eli Lilly, Diabetes Foundation to Fund Insulin Cell Research
Eli Lilly and Company in Indianapolis, Indiana and the Juvenile Diabetes Research Foundation (JDRF) in New York said today they agreed to fund early-stage research to help patients with type 1 diabetes regenerate insulin-producing cells destroyed by the disease. The funding supports a three-year, $1.4 million pre-clinical research project. Type 1 diabetes, sometimes called juvenile…
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SBA Commits $2 Billion to Matching Small Business Capital
The White House says the Small Business Administration (SBA) will commit $2 billion in matching funds to private sector investment over the next five years in promising high-growth companies. The new funding is part of a White House small business initiative announced today that includes a proposal to make permanent a capital gains tax credit…
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Finance Friday: 28 January 2011
Here are recent angel and venture finance transactions for science- and engineering-based companies reported by Xconomy. Biomedical/Life Sciences Meritage Pharma in San Diego, California. Specialty drug discovery and development. $2 million, equity. XDx in Brisbane, California. Molecular diagnostics. $12.5 million, debt (from GE Capital) Stromedix in Cambridge, Massachusetts. Specialty drug discovery and development. $2 million,…
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Three U.S. Corporations Start Energy Technology Fund
Three American energy corporations –- General Electric Co. (GE), NRG Energy Inc., and ConocoPhillips -– have begun a joint venture that aims to fund emerging energy technology companies. The companies have committed $300 million to the collaboration, called Energy Technology Ventures, with plans to support some 30 venture- and growth-stage companies over the next four…
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Grant Awarded to Company for Kennedy’s Disease Research
AndroScience Corp., a drug discovery and development company in San Diego, California, said it received a $3.8 million translational research grant to help develop a treatment for spinal and bulbar muscular atrophy, also called Kennedy’s Disease. The National Institute of Neurological Disorders and Stroke (NINDS) of the National Institutes of Health awarded the grant. The…
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Research Spin Off Company to Tackle Superbug Infections
Fixed Phage Limited in Glascow, Scotland has been launched to commercialize a technology for tackling bacterial infection and contamination, including superbugs such as MRSA. That technology was developed at the University of Strathclyde Institute of Pharmacy and Biomedical Sciences in Scotland. Fixed Phage’s technology is based on research for treatment and prevention of infection and…