Science and Enterprise

Tag: equity

  • Thermo Scientific Acquires Sequencing Technology Developer

    Thermo Fisher Scientific, a maker of laboratory instruments and technologies in Waltham, Massachusetts acquired the genomic sequencing systems developer Life Technologies in Carlsbad, California for $13.6 billion in cash and debt assumption. In the deal, Thermo Fisher Scientific will pay $76.00 per share and assume Life Technologies’ net outstanding debt, valued at $2.2 billion. Life…

  • Agriculture Biotech Secures $14.5M in Early-Stage Financing

    AgBiome LLC, an agricultural biotechnology company in Durham, North Carolina, gained $14.5 million in series A venture funding, the first round of financing after initial start-up. Polaris Partners, a venture capital company  in Boston specializing in health care and technology startups, led the round, joined by ARCH Venture Partners, Harris & Harris Group, Innotech Advisers,…

  • Gates Foundation Funds, Invests in Tropical Disease Research

    Anacor Pharmaceuticals, a biopharmaceutical company in Palo Alto, California, will receive an award of nearly $18 million from the Bill and Melinda Gates Foundation to discover drug candidates for tropical worm diseases and tuberculosis. Anacor says the Gates Foundation will also invest $5 million in the company’s common stock. Anacor develops small molecule therapies using…

  • Lab-On-Chip Maker Lands $9.2M in Early Round Venture Funds

    Hurel Corporation, a developer of preclinical testing devices in New Brunswick, New Jersey, raised $9.2 million in its first round of venture fund raising after initial start-up. The round was organized by Spring Mountain Capital, a private equity investment management company in New York. No other participants in the round were disclosed. Hurel Corp. designs…

  • Third Rock Closes $516M Health Care Venture Fund

    Third Rock Ventures in Boston and San Francisco raised $516 million for its Fund III to invest in new health care enterprises. Wth the fund, the company plans to support up to 16 health and medicine start-ups. Third Rock aims to finance new companies offering products or services in health care with high potential impact.…

  • Investment Fund to Support Canadian Quantum Technologies

    Quantum Valley Investments, a new venture fund in Waterloo, Ontario, plans to invest $100 million to develop and commercialize quantum computing technologies in its region. The fund, started by Blackberry co-founders Michael Lazaridis and Doug Fregin, aims to make stimulate development of Waterloo and vicinity into a Quantum Valley technology hub, similar to Silicon Valley…

  • Mylan Acquires Generic Injectables Manufacturer for $1.6B

    Mylan Inc., a producer of generic and specialty branded drugs in Pittsburgh, will acquire Agila Specialties in Bangalore, India, a developer of generic inectable drugs and division of Strides Arcolab Ltd. Mylan will pay $1.6 billion cash for Agila Specialties, with up to $250 million in contingent payments possible later on. Mylan offers some 1,100…

  • Implant Drug Delivery Company Lands $9.5M Venture Funds

    PolyActiva in Melbourne, Australia, a developer of a nanoscale drug delivery technology for medical implants, raised $AU 9.2 million ($US 9.5 million) in series B venture funds, the second financing round after initial start-up. Investors include the Australian venture funds Medical Research Commercialisation Fund, Brandon Biosciences Fund 1, and Yuuwa Capital, as well as a…

  • Space Data Start-Up Raises $1.3M from Angels, Crowdfunding

    NanoSatisfi, a start-up company in San Francisco offering low-priced space-based data services, raised $1.2 million in seed capital, to go along with more than $100,000 collected last summer through crowdfunding. The company announced the funding round yesterday on Twitter, with details reported on the technology and business news Web site TechCrunch. Anthony Ha of TechCrunch…

  • Kauffman CEO: New Venture Capital Structure Needed

    Kauffman Foundation CEO Tom McDonnell called for a new relationship between venture capital financiers and high-growth start-up enterprises to better reflect the long-term needs of these companies. McDonnell made the remarks in a speech on the state of entrepreneurship in the U.S. at the National Press Club in Washington, D.C. The Ewing Marion Kauffman Foundation…