Category: Finance
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Device Maker, Heart Institute Fund Cardiac Device Study
The National Heart, Lung and Blood Institute (NHLBI) and HeartWare, a developer of left ventricular assist devices in Framingham, Massachusetts, have awarded $13.3 million to two universities explore the potential of heart devices for people with heart failure. NHLBI is part of the U.S. National Institutes of Health. The University of Michigan Cardiovascular Center and…
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Cleantech, Electronics Venture Funding Jump in 2010
Venture capital investments recorded a solid increase in 2010 over 2009, the first annual jump since 2007. Industries based on science and engineering were among the gainers, particularly clean technology and electronics. The statistics were contained in the MoneyTree Report by PricewaterhouseCoopers and the National Venture Capital Association (NVCA), based on data from Thomson Reuters.…
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Finance Friday: 21 January 2011
Here are recent angel and venture finance transactions for science- and engineering-based companies reported by CB Insights … Biomedical/Life sciences Fluidigm in South San Francisco, California. Medical devices and equipment. $5 million, debt Cognition Therapeutics in Pittsburgh, Pennsylvania. Discovery and development of small molecule therapeutics. $2.5 million, series A equity Adhezion Biomedica in Wyomissing, Pennsylvania.…
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Gates Grant Awarded for Tuberculosis Genomics Research
The Infectious Disease Research Institute (IDRI) in Seattle, Washington, said today it received a multi-million dollar grant from the Bill and Melinda Gates Foundation for research in chemical genomics to identify targets and leads in tuberculosis (TB). The project includes access to a large library of compounds at Eli Lilly and Company. The grant aims…
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Biofuel Developer to Build Commercial-Scale Ethanol Plant
Mascoma Corporation, a biofuels company in Lebanon, New Hampshire, said today it has secured financing to build a commercial-scale refinery to produce wood-based cellulosic ethanol. The company says the plant, located in Kinross Charter Township, Michigan, will be one of the first of its kind. Mascoma Corporation was founded by Lee Lynd and Charles Wyman,…
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Sanofi-Aventis to Support UCSF Research Program
The French pharmaceutical company Sanofi-aventis said today it will take part in a program at the University of California, San Francisco (UCSF) that encourages innovative biomedical research. Sanofi-aventis will be the first industry partner in UCSF’s Program for Breakthrough Biomedical Research that awards funding to projects of potentially high impact and greater creativity. Sanofi-aventis will…
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2010 Venture Fund Raising Drops to Seven-Year Low
According to a report by Dow Jones LP Source, venture capital (VC) companies in 2010 raised $11.6 billion in 119 funds, a decline of 14 percent compared to the $13.5 billion raised by 133 funds in 2009, and the lowest amount raised in seven years. VCs have been among the traditional equity funders of start…
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Hershey Grant Funds University Sensory Science Lab
The Hershey Company in Hershey, Pennsylvania has awarded a grant to Harrisburg (Pennsylvania) University of Science and Technology for a new sensory science and consumer research laboratory. The grant of $90,000 will fund the start-up and operation of the lab for two years. The university says the sensory science and consumer research program is aligned…
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Report: Nanotech Can Cut Green Energy Costs
In a new report, a technology research company estimates the use of available nanotechnologies can significantly reduce the cost of producing energy from renewable sources. ABI Research in New York says that worldwide investment in renewable energy will top $2 trillion on a cumulative basis from 2010 through 2015, but over that same period using…
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Consumers Want, Will Pay for Predictive Health Tests
In a national survey conducted by researchers at Tufts Medical Center in Boston, Massachusetts, consumers indicated they place a high value on information to predict their future health, and may be willing to pay out of pocket to get it. The they survey was funded by the Institute for Health Technology Studies. The findings appear…