Tag: investment
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Cancer Immunotherapy Start-Up Completes $176M Funding Round
25 April 2014. Juno Therapeutics, a biotechnology start-up company in Seattle, completed its first round of venture financing, raising $176 million from private investors and not-for-profit research institutes. The company started in December 2013 with a stake of $120 million, but announced in January 2014 it planned to expand its financing beyond an original target…
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Genome Editing Start-Up Secures $25 Million in First Round
24 April 2014. Biopharmaceutical start-up company CRISPR Therapeutics in Basel, Switzerland raised $25 million in its first funding round. The company develops engineered gene therapies with a technology developed by one of its scientific founders, and is backed in this round by Versant Ventures, a venture capital company in Menlo Park, California. CRISPR Therapeutics’ technology…
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Health Care Accelerator Raises $7M for New Initiatives
17 April 2014. Healthbox Global Partners LLC, a Chicago-based business accelerator in the health care industry, says it raised $7 million to fund its operations in six cities in the U.S. as well as support new business models for encouraging innovation. Healthbox is a joint venture of Intermountain Healthcare, a health delivery system in Utah;…
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Cancer Radiotherapy Company Lands $11.6M First Round Funds
4 April 2014. RefleXion Medical, a company in Burlingame, California designing a more accurate form of radiation therapy to treat solid tumors, gained $11.6 million in its first round of venture financing. The financing was lead by venture capital company Sofinnova Partners, with participation by Pfizer Venture Investments and Venrock. RefleXion Medical is developing a…
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Baxter Acquiring Hemophilia Gene-Therapy Biotech Company
3 April 2014. Baxter International, a pharmaceutical and medical products company in Deerfield, Illinois is buying Chatham Therapeutics LLC, a developer of gene therapy to treat hemophilia. Under the agreement, Baxter will acquire outstanding LLC interests in Chatham for $70 million, but future milestone payments are also possible. The acquisition gives Baxter access to all…
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Investments Added to Breakout Labs Life Science Seed Grants
26 March 2014. NetScientific in Cambridge, U.K. is adding investment funds for qualified life science enterprises taking part in Breakout Labs to help them advance beyond the initial start-up phase. Under the deal, Breakout Labs portfolio companies fitting into NetScientific’s investment priorities will qualify for $250,000 in follow-on investment beyond Breakout Labs’ $350,000 in seed…
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Bristol-Myers Squibb, Biotech in Cancer Drug Discovery Deal
17 March 2014. Bristol-Myers Squibb, a pharmaceutical company in New York, and Five Prime Therapeutics in South San Francisco, California are collaborating in discovery of cancer immunotherapies. The deal can be worth as much as $350 million to Five Prime Therapeutics, in which Bristol-Myers Squibb will also get a 5 percent stake. Five Prime Therapeutics…
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Life Sciences Investment Company Closes New Fund
28 February 2014. Abingworth LLP, an investment company based in London, closed its 10th fund designed for financing life sciences and health care enterprises. The company says its Abingworth Bioventures VI fund raised £225 million ($375 million), exceeding its target of £200 million. Abingworth expects its Bioventures VI fund to invest in life sciences companies in Europe…
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UCLA Starts Crowdfunding Platform for Research, Service
18 February 2014. University of California at Los Angeles today started a crowdfunding platform to finance research and service projects by faculty and students. The platform, called UCLA Spark, began with five appeals including research projects in engineering and public health. Crowdfunding, according to the technology Web site Mashable, “describes the collective effort of individuals who…
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Science-Based Enterprises: Great Ideas Beat Venture Capital
14 February 2014. Three entrepreneurs starting companies based on science described how they got their businesses off the ground, with ground-breaking science in many cases more important than a large stash of venture capital. San Diego entrepreneurs John Newsam, Irwin Jacobs, and Han Cao told of their start-up business experiences today at a session of…