Tag: entrepreneurs
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Mobile Diabetes Device Maker Lands $20M in Venture Funds
7 April 2015. Livongo Health, a developer of mobile devices to help people with chronic disorders manage their conditions, raised $20 million in its second venture financing round. Funding for the Mountain View, California start-up, founded 7 months ago, was led by venture capital company Kleiner Perkins Caufield & Byers, with participation from DFJ Ventures and…
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Inexpensive Test Bests PSA for Prostate Cancer Screening
3 April 2015. An inexpensive lab test using gold nanoparticles is shown in a new study to be more sensitive and specific in screening for prostate cancer than the standard prostate-specific antigen or PSA screen. A team from University of Central Florida in Orlando, led by materials science and medical professor Qun Huo, published its…
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$150 Million Raised for NYC Life Science Start-Ups
1 April 2015. A consortium of public and private funding sources raised $150 million to invest in new life science companies located in New York City. The Early Stage Life Sciences Funding Initiative exceeded its original $100 million goal by half, and seeks to start 15 to 20 new businesses in New York by 2020,…
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Stem Cell Biotech Gains $44M in First Venture Round
24 March 2015. A biotechnology start-up developing a stem-cell technology to replace missing beta cells that produce insulin for patients with type 1 diabetes, secured $44 million in its first venture funding round. Funding for Semma Therapeutics in Cambridge, Massachusetts was led by MPM Capital, with participation by Fidelity Biosciences, ARCH Venture Partners, and Medtronic.…
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New Adaptive Aircraft Control System Flight Tested
20 March 2015. U.S. Air Force pilots tested a new flight control system designed by engineers at University of Illinois that automatically adapts aircraft to changing conditions faster than most human pilots can respond. The L1 adaptive control system is a product of the university’s Advanced Control Research Laboratory in Urbana, Illinois led by mechanical…
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Report: Affordable Care Act Remaking U.S. Health Sector
18 March 2015. As the U.S. approaches the fifth anniversary of the Affordable Care Act, a new report from consulting firm PricewaterhouseCoopers highlights five major trends transforming the country’s health care sector, including creation of 90 new companies. The report, “Healthcare reform: Five trends to watch as the Affordable Care Act turns five,” is available…
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Trial Shows Current Drug Slows Alzheimer’s Onset
11 March 2015. A clinical trial testing a current drug to treat epilepsy shows the drug can delay development of Alzheimer’s disease in its earliest stages. Results of the study, conducted by researchers at Johns Hopkins University for AgeneBio Inc., two year-old pharmaceutical company in Baltimore, appear online in the journal NeuroImage: Clinical. The intermediate-stage…
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Funds Awarded for Astronaut Eye Disorder Technologies
9 March 2015. Three companies are each receiving $100,000 in early-stage funds from a challenge seeking technologies to diagnose or correct eye problems in space faced by astronauts. The awards are made by National Space and Biomedical Research Institute (NSBRI) at Baylor College of Medicine in Houston, from its Vision for Mars Challenge. The Vision…
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Trial to Test Video Game Therapy for Autism
2 March 2015. A clinical trial plans to begin recruiting participants to test a video game designed to engage areas of the brain for building cognitive skills affected by autism. The trial, conducted by Akili Interactive Labs that developed the game, is funded by Delivering Scientific Innovation for Autism or Delsia LLC, a subsidiary of the…
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Illumina Adds $40M for Genomic Accelerator Start-Ups
26 February 2015. Illumina Inc., a developer of genomic analysis systems, is adding $40 million for investments in new enterprises based on genomic science that graduate from its accelerator program. The additional financing is provided by Viking Global Investors, an equity and hedge fund investment company in Greenwich, Connecticut. The Illumina Accelerator program provides promising…