Tag: investment
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New On Technorati: Friendly to What Business?
High paying jobs are being created in large numbers right here in the U.S., and in places where the so-called experts say they’re not supposed to happen. If states want the big bucks from big brains and the benefits they bring, then they need to make the work being done and people doing the work…
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Semiconductor Companies to Invest $4.4B in New York R&D
Five semiconductor developers said today they will make a joint investment of $4.4 billion over the next five years to develop new computer chip technologies in New York State. The companies include Intel Corporation, IBM, GlobalFoundries, Samsung, and Taiwan Semiconductor Manufacturing Company (TSMC). The investments will be made in current and upgraded facilities in Albany,…
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Drug Company Stock Prices Linked to Cancer Trial Results
A study indicates that changes in stock prices of companies in phase 3 clinical trials of their cancer drugs were associated with the outcomes of those trials in the period before the results were publicly announced. The findings of Allan Desky of Mount Sinai Hospital in Toronto, Canada and colleagues appear online in the Journal…
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Roche, Canadian Not-for-Profit to Partner on New Drugs
The Centre for Drug Research and Development (CDRD) in Vancouver, Canada and Swiss pharmaceutical maker F. Hoffmann-La Roche Ltd. have agreed to collaborate on development and commercialization of new drug therapies. The exact therapies are yet to be defined, according to the announcement, but will be “for the treatment of diseases with high unmet medical…
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Campaign Begins to Boost Public Support for Biomed Research
An advocacy group kicked off a national media campaign to boost what the group says is flagging public support for biomedical research, focusing on the benefits to military veterans. However, the group’s own poll and other survey data suggest a sizable majority of Americans continues to support public funding of biomedical research. The Foundation for…
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AngelSoft Becomes Gust, Offers Start-Up Funding Platform
AngelSoft, a network of 600 angel investor groups, is rebranding itself under the new name Gust, and will offer both entrepreneurs and investors a common platform to make connections and develop partnerships. Gust says it has endorsements from more than 15 national and international investor associations, 150 venture capital funds, and 35,000 individual angel investors.…
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Biotech Developing Anti-Cancer Drugs Gets $15M Investment
Tensha Therapeutics in Cambridge, Massachusetts says it has received $15 million in early stage financing to advance treatments for cancer by regulating the transcription of disease-associated genes. The series A investment — the first round of funding after a company’s initial seed capital — is provided by HealthCare Ventures, life science venture capital firm, also…
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Student Engineers/Entrepreneurs Develop Child Safety Device
Two engineering students at Michigan Technological University in Houghton are taking to market a device they built to keep children from unbuckling their seat belts. Collin Veele and Alex Cotton say they have secured a provisional patent and trademark, and now their Buckle Blocker is ready for the marketplace. The Buckle Blocker, which would typically…
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Pfizer to Build Research Labs in Cambridge, Mass.
Pfizer Inc., the global pharmaceutical company based in New York, says it will build a new research facility in Cambridge, Massachusetts. The company expects the facility will employ a staff of 400, most in research or related positions. The new building will be located in Kendall Square, just north of the MIT campus. Pfizer says…
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Roche to Build Canadian Pharmaceutical Development Center
Roche Canada, a division of the global drug company based in Switzerland, says it will build a new pharmaceutical development center at its current site in Mississauga, Ontario near Toronto. The new center, says Roche, involves an investment of $190 million over the next five years, and will add 200 skilled staff. The new center…