Tag: economics
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Novartis to Restructure, Cut 1,960 U.S. Jobs
The Swiss company Novartis Pharmaceuticals said on Friday it plans to reorganize its General Medicines division in the U.S. resulting in a loss of 1,960 jobs. The company said it expects the job cuts to take place in the second quarter of 2012. Novartis plans to reduce its General Medicines field workforce by 1,630 jobs…
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Women U.S. Patent Holders Increase Sharply in 2010
The number of women obtaining U.S. patents in 2010 increased by 35 percent compared to 2009, according to early results of a study commissioned by the National Women’s Business Council (NWBC). The study by an independent research company examined patents issued by the U.S. Patent and Trademark Office (USPTO) between 1975 and 2010. Preliminary results…
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Cleantech Investment Volume Up, Deal Numbers Down in 2011
Global investment dollars in clean technologies increased in 2011 from the previous year, but the number investment deals declined somewhat, according to the industry research company CleanTech Group in San Francisco. Clean technologies, as defined by Cleantech Group, include renewable energy sources such as wind and solar, as well as energy efficiency, pollution control, infrastructure…
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Fewer Venture-Backed Companies Gain Liquidity, Get More Cash
Dow Jones VentureSource says in 2011 fewer U.S. companies backed by venture capital gained liquidity than in 2010, but those companies that left start-up status raised a good deal more capital in the process. The venture capital industry research service reports the 522 mergers, acquisitions, buyouts, and initial public offerings (IPOs) represent a 14 percent…
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Global Semiconductor Investment Drops in November
A report from the Global Semiconductor Alliance (GSA) shows investment in semiconductor companies worldwide dropped for the month of November 2011 compared to the same month in 2010, and for the year-to-date. The number of mergers and acquisitions in the industry also decreased for the year so far, but in November a number of new…
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NIH Establishes Medical Translational Science Center
The federal 2012 fiscal year spending bill passed by Congress and signed by President Obama before Christmas includes approval for National Institutes of Health (NIH) to form a new research center devoted to turning discoveries in the lab into new drugs, diagnostics, and devices. The National Center for Advancing Translational Sciences (NCATS), with a budget…
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Technique Devised for Lowest Greenhouse Emissions Routing
Engineers from University at Buffalo in New York have developed a technique to route drivers to their destinations while minimizing their cars’ greenhouse gas emissions. The study involved simulations of traffic in the Buffalo/Niagara Falls region, but could be applied to today’s GPS systems in the near future, according to the researchers. Buffalo engineering professor…
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Scientists Finding Problems Accessing Stem Cell Lines
A survey conducted by Georgia Institute of Technology in Atlanta of U.S. researchers working with stem cells suggests many scientists face road blocks, including rejected access, trying to acquire human embryonic stem cell lines. Results of the survey were published in the December issue of the journal Nature Biotechnology (paid subscription required). The survey of…
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Mobile Tech Developer Raises $15M in Expansion Round
The Cambridge, U.K. mobile technology developer ip.access says it has closed a new $15 million round of funding from its current investors in the U.S. and Europe. The company makes small and low-power cellular base stations that boost signal coverage for mobile Internet devices. The collection of ip.access’s current investors all participated, including Amadeus Capital…
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Energy Dept to Test Expedited National Lab Tech Transfer
The U.S. Department of Energy (DoE) will test a new process that it says will reduce some of the hurdles faced by businesses in commercializing the department’s research findings. The Agreements for Commercializing Technology (ACT) pilot test is expected to begin in January 2012 and involve the department’s national laboratories. In making the announcement, Deputy…