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Financing Deals: 22 July 2010
AxioMed Spine Corporation, a spinal orthopedics company developing products to restore spinal function in patients with degenerative spine disease, announced today that it has raised $14.5 million in two tranches from both current and new investors, not identified by the company. The funding will provide AxioMed with the ability to complete a study in the…
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NIH Seeking Small Business Proposals for HazMat Training
The National Institute of Environmental Health Sciences (NIEHS) wants ideas from small businesses for using advanced technology to train HazMat workers and emergency responders to better protect themselves and their communities from hazardous materials. NIEHS, part of National Institutes of Health, has issued a funding announcement seeking applications under the Small Business Innovation Research program.…
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Acute Radiation Syndrome Drug Granted FDA Fast Track Status
Cleveland BioLabs Inc., a biotechnology company in Buffalo, New York, today announced that CBLB502, a drug developed for the treatment of acute radiation syndrome (ARS), has been granted fast track status by the U.S. Food and Drug Administration (FDA). CBLB502 is derived from a microbial protein that can reduce injury from acute stresses, such as…
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Study Shows Impact of Manufacturing R&D in Michigan
The Detroit News reports today on a new study by the Anderson Economic Group, a consulting firm in East Lansing, Michigan, that gauges the financial impact of the University Research Corridor (URC), a consortium of Michigan’s three largest universities on the state: Michigan State University, the University of Michigan, and Wayne State University. The report…
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NIH Extends Comment Period on New Conflict Regulations
National Institutes of Health (NIH) extended the comment period on proposed conflict-of-interest rules for researchers to 19 August 2010. The extended period on the new rules, officially known as “Responsibility of Applicants for Promoting Objectivity in Research for which PHS Funding is Sought and Responsible Prospective Contractors,” seeks comments on specific topics that arose since…
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GE, Sloan-Kettering to Study Early Stage Colon Cancer
A team of scientists at GE Global Research, the technology development arm of the manufacturing and finance company GE, has begun a study with Memorial Sloan-Kettering Cancer Center (MSKCC) in New York, N.Y., to better understand the early stages of colon cancer. The goal is to yield new insights that improve treatment selection and outcomes…
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New Patent Application Filed for Pyrolysis Oil Biofuel
Renewable fuels provider New Generation Biofuels (NGBF) in Columbia, Maryland said today it has filed a patent application for their new pyrolysis oil based biofuels. Pyrolysis oil is a synthetic fuel extracted through a technology that converts biomass to liquid under extreme heat in the absence of oxygen. “We have been able to readily and…
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Partnership to Identify Targets for Neurological Diseases
The Gladstone Institutes in San Francisco, California and the pharmaceutical company H. Lundbeck A/S of Copenhagen, Denmark have agreed to study and identify therapeutic candidates for neurological diseases. The agreement funds research at the Gladstone Center for Translational Research led by Gladstone investigator Katerina Akassoglou, and establishes the new Lundbeck Center for Neurovascular and Immunoimaging…
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External Combusion Engine Tests Burning Oil from BP Spill
Cyclone Power Technologies Inc. of Pompano Beach, Florida reports it has performed combustion acceptability tests of crude oil recovered from the BP oil spill in the Gulf of Mexico with its heat-regenerative external combustion engine. The Cyclone engine burns its fuel in an external combustion chamber, with heat from this process used to turn water…
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Cord Blood Stem Cell Research Center Opens in Arizona
A partnership between the Celebration Stem Cell Centre and Mercy Gilbert Medical Center — both in Gilbert, Arizona — has created a facility for cord blood stem cell research, processing, and storage. Gilbert is about 17 miles southeast of Phoenix. Mercy Gilbert Medical Center, with several other Phoenix-area hospitals, and hospitals in the Catholic Healthcare…