Tag: investment
-
Taiwan Chip Maker to Raise R&D Nearly 40%
The Taipei Times reports today that Taiwan Semiconductor Manufacturing Company (TSMC) in Hsinchu, Taiwan plans to raise its research and development spending by 39 percent next year to NT$50 billion (US$1.63 billion), due to more aggressive competition in TSMC’s market. TSMC is the world’s largest contract chip manufacturer. At present, the company does not directly…
-
Fund Established to Develop Cancer Vaccines
Cancer Research Institute (CRI) a not-for-profit organization in New York to advance the science of tumor immunology and discover new cancer therapies, launched today the Cancer Vaccine Acceleration Fund (CVAF), a new model of philanthropic investment and academic-industry collaboration. CRI established the fund with the Ludwig Institute for Cancer Research to encourage development of therapeutic…
-
Journal Highlights African Health Innovations
A supplement to the open-access journal BMC International Health and Human Rights devotes its entire issue to health innovations in sub-Saharan Africa, which offers case studies of local initiatives. The papers, relating the experiences of projects by institutes and companies in Ghana, Kenya, Madagascar, Nigeria, Rwanda, South Africa, Tanzania, and Uganda provide lessons from successful…
-
Pharma Mergers Jump 20 Percent in 2010 [UPDATED]
Update: 12 January 2011. Life Science Analytics, the source of the statistics quoted in this entry, notes that the data refer to partnership deals, NOT mergers as the entry implies. The company asked that we post the following statement … Please note the reference to top deal makers in this article reflects their participation in…
-
Merck To Acquire Biotech for Diabetes Treatment Technology
Merck & Co. Inc., a global pharmaceutical manufacturer, says it will acquire SmartCells Inc., a biotechnology company in Beverly, Massachusetts developing a glucose responsive insulin formulation for the treatment of diabetes. The SmartCells process was first developed at Massachusetts Institute of Technology by its president, Todd Zion. SmartCells says its technology makes it possible to…
-
Life Sciences Venture Network Launches in New York
The New York Academy of Sciences plans to kick off the Life Science Angel Network (LSAN) at the academy’s lower Manhattan headquarters on Thursday 18 November. The new investment network is expected to connect scientists and entrepreneurs with funding to support commercialization of discoveries in biotechnology, medical devices, and health care informatics. The academy says…
-
Report: U.S. Scientific Dominance Slipping
A study from Thomson Reuters, Global Research Report: United States, released today (12 November), found that research output from the United States has been surpassed by that of Asia and Europe. The report is based on an analysis of research papers in the most influential journals, as indexed by Thomson Reuters in the Web of…
-
GE Plans $500 Million R&D Investment in China
General Electric Company plans to invest another $500 million in China for research and development, including regional R&D hubs to serve the Chinese market. GE Chairman and CEO Jeff Immelt announced the investment today, as part of a $2 billion plan that includes joint ventures in technology, energy, financial services, and transportation. Immelt (pictured left)…
-
European Venture Deals Decline, Euro Volume Up
Dow Jones VentureSource reports that venture capitalists put €916 million ($1.3 billion) into 198 deals for European companies in the third quarter in 2010, the lowest quarterly deal count for Europe since Dow Jones VentureSource began tracking the region ten years ago. Investment volume rose 6 percent from €866 million, despite the 25 percent drop…
-
Global R&D Spending Among Innovators Declines in 2009
Total R&D spending among the world’s top spenders on innovation dropped in 2009 for the first time in the 13 years studied, according to the annual survey by management consulting firm Booz & Company. At the same time, most science-related companies, especially those in the health care industry, increased their R&D spending, with the pharmaceutical…