Month: July 2012
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Janssen to Fund Research/Modeling for Multiple Sclerosis
Janssen Research and Development, a subsidiary of Johnson & Johnson in Titusville, New Jersey, will sponsor a research and systems modeling project to uncover the genetic and biologic causes of multiple sclerosis. The $5.4 million initiative will be part of Janssen’s Healthy Minds initiative, a program launched in 2011 to accelerate progress on neurologic and…
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Renewable Chemicals Developer Raises $104M in Venture Funds
Elevance Renewable Sciences in Woodbridge, Illinois says it raised $104 million in its series E financing, the fifth round of funding after start-up. Lacustrine Limited, a subsidiary of Genting Berhad, based in Kuala Lumpur, Malaysia led the round with Total Energy Ventures International, based in Paris. Elevance produces specialty chemicals for personal care products, detergents,…
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Start-Up Licenses University Patient Medical Software
The Minneapolis-based start-up Omicron Health Systems Inc. has licensed software written at University of Minnesota for clinical decision making and networking across health-care providers. Financial terms of the licensing agreement were not disclosed. Many electronic health care record systems were first designed for administrative purposes, such as billing and scheduling, and for use only by…
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New Methods Found to Better Monitor Glucose, Control Insulin
Researchers at the medical centers of Johns Hopkins University in Baltimore and Case Western Reserve University in Cleveland have found newer technologies to monitor blood sugar and replenish insulin for people with type 1 diabetes to work more effectively in many cases than traditional methods. The findings of the team led by Johns Hopkins medical…
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Venture Investors Increase First Half 2012 Fund Raising
Venture capital (VC) funds in Europe and the U.S. have increased their fund raising in the first half of 2012 by double-digit percentages, according to Dow-Jones LP Source, a financial industry research service. More fund raising by VCs indicates potentially more financing available for start-up companies liked those backed by venture investors. LP Source says…
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Smart Headlights Help Drivers See Better in the Rain
Researchers at Carnegie Mellon University’s Robotics Institute in Pittsburgh have devised a new type of car headlight that is better able to illuminate the road ahead in rain or snow. The team led by computer scientist Srinivasa Narasimhan (pictured left) says lab tests have demonstrated the feasiblity of the new headlight. The system works by…
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UCLA to Study Copper Surfaces to Reduce Hospital Infections
University of California in Los Angeles received a $2.5 million grant from the Agency for Healthcare Research and Quality for a clinical trial to test the use of copper to decrease the number of hospital-acquired infections. The research team will be led by the university’s Sustainable Technology and Policy Program and include members from UCLA’s…
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Luminex Corp. Acquires Molecular Diagnostics Developer
Luminex Corporation, a maker of medical diagnostics technologies in Austin, Texas will acquire Hayward, California-based GenturaDx, a developer of genomic testing systems. The $50 million deal involves Luminex purchasing all outstanding shares in the privately-owned GenturaDx. Luminex develops and manufactures instruments, software, reagents, and assays used in clinical labs as well as in pharmaceutical, diagnostic,…
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Non-Invasive Hemoglobin Anemia Screening System Unveiled
OrSense Ltd., a medical device developer in Israel, has introduced a wireless, non-invasive hemoglobin measurement system for anemia monitoring, hemorrhage detection, and pre-donation blood screening. The company revealed the new product at a meeting of the International Society of Blood Transfusion in Cancun, Mexico. Hemoglobin is a protein in red blood cells that carries oxygen.…
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Grant Funds Feasibility Study of Photonic Ethernet Chips
A researcher at Technical University of Denmark in Lyngby has received a DKK 2.2 million ($US 370,000) grant to study the use of photonics to achieve high-speed Ethernet transfers on silicon chips. The grant from the Danish Council for Independent Research will fund the work of photonics staff researcher Hao Hu (pictured left) at Alcatel-Lucent-Bell…