Category: Finance
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Chinese Patents, R&D Funds Climb in 2010
The Xinhua news agency reports that the number of patents and research and development funding by China’s largest companies have climbed so far in 2010, according to data released by the China Enterprise Confederation (CEC). The CEC says China’s top 500 companies held 169,000 patents in 2010, up 13.3 percent from last year. Some 41…
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Small Business Grant Given for Cancer Drug Delivery System
Celsion Corp., a biotechnology drug development company in Columbia, Maryland, has received a Phase 1 Small Business Innovation and Research (SBIR) grant from the National Institutes of Health. This funding will help the company develop its heat-activated liposomal — encapsulated cellular membrane sac — technology in combination with carboplatin, a frequently used oncology drug for…
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Treasury Dept: Commercial Credit Standards Tightening
The Office of the Comptroller of the Currency (OCC), an agency of the U.S. Department of the Treasury, reports today that its annual survey of banks’ credit underwriting standards — guidelines for issuing loans — found that commercial credit standards remained tight for the 12-month period ending on 31 March 2010. Credit standards for small…
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Contract Awarded for Acute Radiation Therapy
Cellerant Therapeutics Inc., a biotechnology company in San Carlos, California, received a five-year contract from the Biomedical Advanced Research and Development Authority (BARDA), in the Department of Health and Human Services to develop CLT-008, the company’s cellular therapy for the treatment of acute radiation syndrome. The Centers for Disease Control and Prevention says acute radiation…
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Sensors Developed to Measure Flood Damage to Bridges
Floods have caused more than 60 percent of all bridge failures in the U.S. in the past 30 years, more than all other causes combined. Yet up to now, there have been no systematic ways of measuring the damage caused by floods on the bridge supports at the river bottom. Xiong “Bill” Yu, assistant professor…
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Contract Awarded for Bioterror Antibiotic
The U.S. Biomedical Advanced Research and Development Authority (BARDA) awarded a contract to Achaogen Inc. of San Francisco, California to develop an antibiotic against two types of bioterrorism as well as common infections that are becoming resistant to antibiotics. The contract pays Achaogen $27 million in the first two years, but can be extended annually…
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Foundation Funds R&D for Alzheimer’s Precursor Treatment
The Alzheimer’s Drug Discovery Foundation (ADDF) has awarded a grant of $240,000 to AgeneBio Inc. of Indianapolis, Indiana to develop a new class of small molecules that have promise in treating amnestic mild cognitive impairment (aMCI), a neurological condition that often progresses to Alzheimer’s disease. About 15 percent of aMCI patients progress to Alzheimer’s disease.…
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Contract Awarded for Microgrid Powered Military Vehicles
Rapid Electric Vehicles (REV) of Vancouver, Canada received a contract from the U.S. Army Tank Automotive Research Development Engineering Center for four trucks, powered only by electricity, and designed to work with a microgrid, a localized electrical power grid. The four vehicles will help test a microgrid at Wheeler Air Force Base in Hawaii. The…
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EPA Awards Contract for Waterborne Parasite Antibodies
Precision Antibody in Columbia, Maryland said today that the U.S. Environmental Protection Agency (EPA) awarded the company a contract to develop monoclonal antibodies to two species of Cryptosporidium — a.k.a “Crypto” — an intestinal parasite and common cause of waterborne illness in the United States. EPA’s contract calls for Precision Antibody to generate specific antibodies…
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Mass. Start-Up Funding Drops 57% in July
Early-stage companies based in Massachusetts attracted investments worth some $131.4 million in July 2010, a drop of 57 percent compared to the $307 million raised in June. The number of equity deals also dropped, from 31 in June to 26 in July. The Web site Xconomy reported these findings today based on data from the…