Category: Finance
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Challenge Seeks Treatments to Stop Asthma Allergic Advance
18 December 2015. A new challenge on InnoCentive is looking for treatment strategies to halt the progression of allergic reactions leading to development of asthma. The competition has a total purse of $20,000 and a deadline for submissions of 14 February 2016. The sponsor of the challenge, pharmaceutical company Boehringer Ingelheim, is also seeking research…
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Detailed Brain Activity Imaging Being Developed
17 December 2015. An engineering group at University of Arizona is developing a new technology that promises to provide better images of electrical activity in the brain. The project, led by Arizona biomedical engineering professor Russell Witte, is funded by a three-year, $1.15 million grant from National Institute of Neurological Disorders and Stroke, part of…
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Galapagos Licensing Inflammation Drug in $2.1B Deal
17 December 2015. A biotechnology company is licensing its small molecule drug for treating inflammatory disorders to the biopharmaceutical company Gilead Sciences in a deal valued at nearly $2.1 billion. The agreement includes Gilead Sciences taking an ownership stake in Galapagos NV, based in Mechelin, Belgium. The deal involves the small-molecule, or low molecular weight,…
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Nanofibers, Stem Cells Studied for Rotator Cuff Repair
16 December 2015. An engineering lab at Columbia University is researching a new regenerative process that better integrates human tendon and bone tissue to repair rotator cuff injuries. The team led by biomedical engineering professor Helen Lu is funded by $1.1 million grant from Congressionally Directed Medical Research Programs in the U.S. Department of Defense.…
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Spin-Off Developing Gene Therapies for Blood Disorders
11 December 2015. A new spin-off company from University College London in the U.K. is developing gene therapies to treat hemophilia and related diseases. The company, Freeline Therapeutics, is raising £25 million ($US 38 million) in its first venture funding round. Freeline Therapeutics is founded and commercializing research by UCL hematology professor Amit Nathwani, who…
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Biotech to Explore Gut-Brain Connections, Raises $44M
10 December 2015. A new biotechnology start-up plans to derive medical and consumer products from interactions between the human gut and brain. Kallyope Inc. in New York City is founded by biomedical researchers at Columbia University and raising $44 million its first venture funding round. Kallyope is designing a technology that harnesses communication pathways between…
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Researchers Develop Eye Injury Test, Start Company
9 December 2015. A medical and engineering team at University of Illinois in Champaign designed a sensor providing a quick, portable test for the severity of eye injuries. The researchers led by bioengineering professor Dipanjan Pan and ophthalmologist Leanne Labriola at Carle Foundation Hospital affiliated with the university described the proof-of-concept device last month in the…
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Challenge Seeks Nutrient Recycling from Livestock Waste
4 December 2015. A public-private consortium seeks techniques for recycling crop nutrients from livestock waste in an open-innovation challenge paying $20,000 in prizes. The competition, sponsored by Environmental Protection Agency and a number of partners in government, academia, not-for-profit organizations, and industry has a deadline of 15 January 2016 for initial submissions. The challenge itself…
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NIH Funding New Robotics for Disabled, Children
4 December 2015. National Institutes of Health is funding research and development of new robotic devices to help older people or those with disabilities and serve as companions for children. Agencies in NIH plan to spend $2.2 million on these cooperative robotic, or co-robot, devices over the next five years, as part of the National…
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Wearable Personal Instruction System Being Developed
2 December 2015. A device that provides personal step-by-step instruction to individuals as they undertake various tasks is being developed by computer scientists at Carnegie Mellon University. The system, designed in the lab of professor Mahadev Satyanarayanan, is funded by a four-year $2.8 million grant from National Science Foundation. Satyanarayanan and colleagues are seeking a…