Category: Finance
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Myeloma Foundation Awards Biotech Research Grants
The Multiple Myeloma Research Foundation (MMRF) in Norwalk, Connecticut today announced awards of $1 million to each of three Massachusetts biotech companies through its 2010 Biotech Investment Awards program: Constellation Pharmaceuticals Inc., Epizyme Inc., and Karyopharm Therapeutics Inc. Since the biotech program began in 2006, MMRF funded research at 11 companies leading to treatments for…
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Univ. Developing Plastic That Tells When Food Goes Bad
Chemists at University of Strathclyde in the U.K. are developing a new form of food packaging that tells consumers when the contents have started to spoil. The university received a £325,000 ($502,500) grant from the Scottish Enterprise Proof of Concept Programme to support the project. The problem of food spoilage is important to both consumers…
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Researchers to Study Hip Replacement, Jobs, Retirement
Researchers in Italy, the U.K., and the U.S. will study the impact of hip replacement therapy on the employment and retirement decisions of older adults. The project with participants from Università Bocconi in Milan, University of York in the U.K., and Johns Hopkins University School of Public Health in Baltimore, Maryland is funded by a…
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University of Oklahoma to Develop Shale Gas Simulator
University of Oklahoma researchers in Norman are developing a new simulator for shale gas reservoirs to provide oil and gas companies with a tool for managing production and choosing drilling locations. The three-year project is supported with $1,053,778 from the group Research for Partnership to Secure Energy for America plus an additional $250,000 in matching…
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Partnership To Advance Military Field Energy Sources
A team from Maxwell Technologies Inc. in San Diego, California, University of Massachusetts in Amherst, and the U.S. Navy will develop a lighter, longer-lasting, energy source for field radios and other portable electronic equipment carried by military personnel. Maxwell Technologies says today that Defense Advanced Research Projects Agency (DARPA) awarded the company a $1.7 million…
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NSF Awards Small Business Grant for Antioxidant Processes
ChromaDex Corporation in Irvine, California says it received a $500,000 Small Business Innovation Research (SBIR) grant to commercialize its technology for anthocyanins, a form of plant-based antioxidants. Anthocyanins are naturally occurring plant pigments or colorants that contribute to the vivid coloring of berries. They are also considered helpful in protecting against oxidative stress and control…
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IPOs, Mergers for Venture-Funded Companies Gain in 2010
The number and value of exit deals — where enterprises backed by venture capital (VC) become financially self-sustaining — increased sharply in 2010, compared to 2009. The compilation by Dow Jones VentureSource shows 514 exit deals took place in 2010 a 25 percent increase, with those deals netting $39.3 billion, a jump of 72 percent…
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Biotech Lands $5 Million Investment Deal
Compugen Ltd., a biotechnology company in Tel Aviv, Israel, said today that it will receive $5 million in R&D funding from Baize Investments Ltd., a private Israeli corporation that invests in medical technologies. Compugen is a drug and diagnostic discovery company that bases its work on automated (in silico) analyses and models, including computational biologic…
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Small Business Research Grants Reauthorized in DADT Bill [Updated]
UPDATE, 27 DECEMBER: My reading of the legislation and commentary was in error. It turns out the language to repeal Don’t Ask Don’t Tell replaced the SBIR/STTR authorization text in the bill, not added to the original text, as I first reported. SBIR and STTR are still on a temporary authorization through the end of…
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Indiana Seed Fund Backs Biotech Start Up
A new biotechnology company, whose work is based on research from the labs of the Indiana University medical school, has received investment backing from an Indiana state fund supporting life science start ups. Aarden Pharmaceuticals in Indianapolis will get $250,000 in early-stage capital from the Indiana Seed Fund. Aarden is developing technologies that attack difficult-to-treat…