Tag: investment
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Fertility Science Company Raises $115 Million in IPO
8 January 2015. OvaScience Inc., a developer of fertility treatments using a woman’s early-forming egg cells, issued its initial public offering of common stock, raising some $115 million. The Cambridge, Massachusetts company that trades on the NASDAQ exchange under the symbol OVAS, issued 2.3 million shares yesterday priced at $50.00. At 12 noon on 8…
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Novartis Licensing Biotechs’ Gene-Editing Technologies
7 January 2015. Pharmaceutical maker Novartis is licensing technologies from two biotechnology companies that enable the editing of human genomes to cure disease. Financial details of the agreements with Caribou Biosciences Inc. in Berkeley, California and Intellia Therapeutics in Cambridge, Massachusetts were not disclosed, but involve equity investments, initial payments and research support, and milestone…
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RNA Therapies Company Gains $450M in Venture Funds
5 January 2015. Moderna Therapeutics, a developer of medications that use genetic material to produce therapeutic proteins in the body, raised $450 million in its third announced venture financing round. The Cambridge, Massachusetts biotechnology company says existing investors AstraZeneca and Alexion Pharmaceuticals joined with new participants Viking Global Investors LP, Invus, RA Capital Management, and…
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Juno Therapeutics Raises $265 Million in IPO
19 December 2014. Juno Therapeutics, a biotechnology company spun-off from research labs in Seattle and New York, raised some $265 million yesterday in its initial public stock offering. The Seattle enterprise developing cancer therapies that harness the immune system issued 11 million shares of common stock priced at $24.00, and trades on the Nasdaq exchange…
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Autoimmune Therapy Developer Raises $23M in Early Funds
18 December 2014. Padlock Therapeutics, a biotechnology company creating treatments for diseases where the immune system attacks the body, gained $23 million in its first venture funding round. Financing for the Cambridge, Massachusetts enterprise was led by Atlas Venture, with participation from Index Ventures, MS Ventures, and Johnson & Johnson Development Corporation, the company’s venture…
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Nanomedicine Developer Secures $7.5M Venture Funds
15 December 2014. Cristal Therapeutics, a developer of medications formulated as nanoscale particles, raised more than €6 million ($7.5 million) in early-stage venture funds. The financing round for the company, based in Maastricht, The Netherlands, was led by Chemelot Ventures, with current seed investors Thuja Capital, BioGeneration Ventures, Nedermaas, Utrecht University Holding, and Beheer Innovatiefonds…
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Merck Buys Antibiotic Maker in $9.5 Billion Deal
8 December 2014. The pharmaceutical company Merck agreed today to acquire Cubist Pharmaceuticals, a developer of antibiotics, in a deal valued at $9.5 billion. Under the agreement Merck will pay Cubist stockholders $102 a share in cash — the stock closed at about $74 a share on Friday — equaling $8.4 billion, as well as…
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Cardiologists, Incubator Partner on Health Challenge
13 November 2014. American College of Cardiology is taking part in an international challenge to find start-ups developing breakthrough technologies, sponsored by 1776, an incubator and investment fund in Washington, D.C. The Challenge Cup, as the competition is called, takes place in 16 cities in 11 countries, with a total prize package of $650,000. Challenge…
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Venture Launched to Reduce Chronic Hospitalizations
10 November 2014. Sentrian, a new enterprise in Aliso Viejo, California, announced its launch today to offer a system combining personalized remote patient monitoring and cloud-based analytics that reduces what it calls preventable hospitalizations. The company also raised $12 million in early-stage venture funds. A spin-off from Singularity University, a Silicon Valley technology training organization and…
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Biosimilars Developer Lands $85 Million in IPO
7 November 2014. Coherus BioSciences Inc., a company developing medications comparable to brand-name biologic therapies, raised $85 million yesterday in its initial public stock offering. The Redwood City, California company trades on the NASDAQ exchange under the symbol CHRS. Coherus valued its 6,296,300 initial shares at $13.50. The stock opened today at $12.74 a share,…