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Finance Friday: 11 February 2011
Here are recent financial transactions for science- and engineering-based companies reported by Xconomy. Biomedical/Life Sciences AcelRx Pharmaceuticals in Redwood City, California. Pain medications. $40 million IPO: 8 million shares @ $5.00. Optimer Pharmaceuticals in San Diego, California. Antibiotics. $67.5 million stock offering: 6 million shares @ $11.25. Fluidigm in South San Francisco, California. $75.6 million…
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Survey: Therapeutic Discovery Project Helps Biotechs
A survey of executives with biotechnology companies that received grants or credits under the Qualifying Therapeutic Discovery Project indicates the companies benefited from the awards, including the creation of new jobs. The survey of 226 top-level company executives was conducted online by the polling company Penn Schoen Berland, between November 2010 and February 2011, for…
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Fuel Cell Developer Relocates Near Nanotech Researcher
Bing Energy Inc., a manufacturer of components for polymer electrolyte membrane fuel cells, is moving its headquarters from California to Florida to work with a university researcher in nanotechnology. The company had already licensed the research of Jim Zheng, an engineering professor at Florida State University in Tallahassee, whose work involves nanosensors, energy storage, and…
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Radio Chips Found Effective in Tracking Surgical Sponges
A study of simulated surgical procedures found surgical sponges with embedded radio-frequency (RF) chips were detected when placed out of visual sight under the patients, many of whom were obese. The findings appear in the February issue of The American Journal of Surgery (paid subscription required). Retained surgical items — those left in the patient’s…
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Dengue Fever Vaccine Promotion Initiative Unveiled
The International Vaccine Institute announced the launch of the Dengue Vaccine Initiative (DVI), a joint project that aims to reduce the economic and infrastructure barriers to the use of a dengue vaccine. Participants include the Sabin Vaccine Institute, Johns Hopkins University, and World Health Organization, with funding from a $6.9 million grant from the Bill…
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USPTO Updates Patent Examiner Guidelines
The U.S. Patent and Trademark Office (USPTO) has proposed a supplement to its patent examiner guidelines that the agency says will clarify the scope of patent rights to the public. USPTO released the proposed guidelines in the Federal Register for a 60-day public comment period. The new guidelines address section 112 of the Patent Act,…
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Brain Shown to Have Opposite Reactions to Fructose, Glucose
New research on the brain’s reactions to two kinds of sugars offers insights into the way people find some sugary foods so inviting. The results are published in the current online edition of the journal Diabetes, Obesity and Metabolism (paid subscription required). Researchers from Oregon Health and Science University in Portland and University of California…
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Trial: Monitor Implant Lowers Heart Failure Hospitalization
A clinical trial of a wireless heart monitor implanted in heart failure patients shows the device can markedly reduce the rate of further hospitalizations. The study, conducted in the U.S. and funded by the the monitor’s manufacturer, is published in the current online issue of the journal The Lancet (paid subscription required). The implanted device…
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Asian Patents Jump in 2010, Decline in U.S., Mixed in Europe
The World Intellectual Property Organization (WIPO) reports today that the number of patent filings under WIPO’s Patent Cooperation Treaty (PCT) increased in 2010, with the largest percentage gains recorded in Asia. Provisional data for 2010 indicate that 162,900 international patent applications were filed in 2010 compared to the 155,398 applications filed in 2009, an increase…