Tag: entrepreneurs
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Genome-Editing Company Raises $108 Million in IPO
6 May 2016. Intellia Therapeutics, a developer of therapies based on genome editing, issued its initial public stock offering, raising $108 million. The Cambridge, Massachusetts enterprise, less than 2 years old, issued 6 million shares priced at $18.00. At the 4:00 pm ET closing bell today, company shares trading on the NASDAQ exchange as NTLA…
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Autonomous Robot Shown Better at Soft-Tissue Surgery
5 May 2016. A robotic arm, programmed to work autonomously under direction of a surgeon, was shown superior at soft-tissue surgery with pigs than human surgeons and robot-assisted surgery. Results of these tests, conducted by a team from Children’s National Health System in Washington, D.C., appear in yesterday’s (4 May) issue of the journal Science…
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University Lab Spins-Off Fertility Testing Company
29 April 2016. A new company is taking shape that aims to make it easier for women to get pregnant, based on research at a biochemistry lab at University of Wisconsin. BluDiagnostics, in Madison, founded by postdoctoral research Katie Brenner in the lab of biochemistry professor Douglas Weibel, a co-founder of the company, already raised…
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Collaboration Explores Humanitarian Satellite Applications
28 April 2016. A start-up satellite imaging provider and agency of the United Nations are partnering on new ways to use satellite imaging to further the UN’s humanitarian, peace-keeping, and climate change mitigation missions. Financial terms between BlackSky Global LLC in Seattle and the United Nations Institute for Training and Research, or Unitar, were not…
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Medical Google Glass Start-Up Raises $17M in Venture Funds
25 April 2016. A company building a system that allows doctors to automatically create patient notes with Google Glass added $17 million in its second full round of venture funding. Augmedix Inc., a 2 year-old enterprise in San Francisco, says the new financing will enable the company to scale-up its service across the country to…
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Implanted Device Delivers Pancreatic Cancer Drugs
15 April 2016. An engineering and medical research team developed an implanted device that in lab mice delivers chemotherapy directly to cancerous tumors in the pancreas. The device, designed in a biomedical engineering lab at Massachusetts Institute of Technology and Harvard University, is described in an article appearing 31 March 2016 in the journal Biomaterials…
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Cell-Free Synthetic Biochemical Process Devised
13 April 2016. A biochemistry lab at University of California in Los Angeles developed techniques for producing synthetic bio-based chemicals without processing sugars through cells. The discoveries from the lab of biochemistry professor James Bowie is described in the 11 April 2016 issue of the journal Nature Chemical Biology (paid subscription required). Bowie, with postdoctoral…
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Start-Up Licensing Biologic Delivery Nanoparticles
8 April 2016. A start-up enterprise is licensing research from a university pharmacy lab that harnesses nanoscale particles to boost the performance of biologic therapies. Financial details of the agreement between Zoetic Pharmaceuticals in Amherst, New York and University at Buffalo were not disclosed. Biologic therapies are synthetic proteins derived from living systems, such as…
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On-Demand Pharma Manufacturing System Developed
1 April 2016. Chemical engineers at Massachusetts Institute of Technology created a compact manufacturing system that produces small quantities of pharmaceuticals as needed. The system developed in the MIT labs of Alan Myerson, Klavs Jensen, and Timothy Jamison is described in the 31 March issue of the journal Science (paid subscription required). Making drugs at…
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Organ Chip Spin-Off Gains $28M in Venture Funds
28 March 2016. A two year-old company developing chip devices that simulate human organs is adding $28 million in venture capital to its treasury. This is the second venture funding round for Emulate Inc., in Boston, a spin-off enterprise from the Wyss Institute for Biologically Inspired Engineering at Harvard University. Emulate Inc. creates plastic chip…