Category: Finance
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Intel to Build New Oregon Plant, Upgrade U.S. Manufacturing
Intel Corporation said today it will invest between $6 to $8 billion on new manufacturing technology in its American facilities. The plan includes a new fabrication plant — called a “fab” in the industry — in Oregon. As part of the plan, Intel will deploy a new 22-nanometer (nm) manufacturing process in several of its…
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Grant Funds Commercializing Alternative Cultured Pearls
Florida Atlantic University’s Oceanographic Institute in Harbor Branch, Florida received a grant from the State of Florida to commercialize a process the institute developed for creating pearls. The process provides an alternative seeding method to grow or culture pearls in the queen conch, a threatened species found in Florida. Researchers at the institute discovered the…
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Grant Awarded to Develop Blood Pathogens Diagnostics Device
The U.S. Defense Medical Research and Development Program (DMRDP) awarded one of its Applied Research and Technology Development grants to Micronics Inc., a medical diagnostics device company in Redmond, Washington. The award, for $2.6 million, will develop the company’s system for point-of-care molecular diagnosis of infectious pathogens. In its announcement of research needs, DMRDP called…
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Venture Funding Down for Science Startups in Q3 2010
Venture capital (VC) funding in the U.S. for new companies overall, including science-based enterprises, dropped in the third quarter of 2010, according to a new MoneyTree Report from PricewaterhouseCoopers and the National Venture Capital Association based on data provided by Thomson Reuters. Overall, VC companies invested $4.8 billion in 780 deals in the third quarter…
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Report: Loose Governance in Oil Company/University Agreements
The Center for American Progress (CAP), a progressive issues analysis organization in Washington, DC, reviewed 10 agreements between universities in the U.S. and oil companies where the companies offer to fund energy research, particularly in alternative fuels. The report finds several areas where the agreements have the potential to compromise academic freedom and limit the…
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Grant Funds Company Clinical Trial of Addiction Drug
Omeros Corporation, a biopharmaceutical company in Seattle, Washington, said today that the National Institute on Drug Abuse (NIDA), part of National Institutes of Health, has provided an additional grant to fund clinical studies for the company’s addiction program. The grant will fund a clinical trial of the company’s drug on addiction to heroin and cigarettes.…
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BARDA Awards Contract for Smallpox Antiviral Drug
SIGA Technologies Inc. in New York, New York said today it received notice that the Biomedical Advanced Research and Development Authority (BARDA), part of the U.S. Department of Health and Human Services (HHS), intends to award a contract for the company’s smallpox antiviral for the strategic national stockpile. SIGA says a protest from another company…
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Noninvasive Alcohol Test Gains U.S. Army Grant
The U.S. Army has awarded a grant to TruTouch Technologies, a developer of alcohol testing systems in Albuquerque, New Mexico, for the company to further develop its technology. The grant for $438,000 was awarded by the United States Army Medical Research and Materiel Command and the Telemedicine and Advanced Technology Research Center at Fort Detrick,…
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Fewer Venture Funds Raise More Capital in Q3 2010
Thomson Reuters, a business news and database publisher, and the National Venture Capital Association report today that U.S. venture capital (VC) companies raised nearly $3 billion in the third quarter of 2010, up from $2.1 billion in the second quarter of the year. However, the number of VC companies raising funds in the third quarter…
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Virginia Medical Device Company Wins Small Business Grants
HemoSonics LLC, a developer of blood diagnostics devices in Charlottesville, Virginia, has received three grants totaling some $2 million from National Institutes of Health (NIH) and Office of Naval Research. The company was founded by three faculty members at University of Virginia, also in Charlottesville, to commercialize their research in biomedical engineering. HemoSonics’ technology, called…