Thomas, McNerney & Partners, the life sciences investor that moved its West Coast office to San Diego last year, led the latest financing round in San Diego’s Tioga Pharmaceuticals, which I briefly noted earlier today. In fact, Thomas, McNerney put in $8 million of Tioga’s $10 million Series B round, and principal Jason Brown has … Continue reading “Tioga Investor Thomas McNerney Keeping Busy After San Diego Move”
Category: San Diego
Xconomist of the Week: Jason Baptiste and the Ultralight Startup
Where did this guy find the time to write a book? Never mind that. Jason Baptiste is on the prowl again. The co-founder and CEO of New York-based Onswipe, a tablet-based media and advertising startup, has just released his new book, The Ultralight Startup (Portfolio Penguin, 2012). It’s a how-to-entrepreneur guide with lots of details … Continue reading “Xconomist of the Week: Jason Baptiste and the Ultralight Startup”
SD Life Sciences Roundup: Optimer, Illumina, & Deals, Deals, Deals
In an encouraging sign for San Diego’s life sciences sector, a number of new financing deals recently went to local companies. Here’s our roundup of all the news. —Shareholder suits have begun to pile up after San Diego’s Optimer Pharmaceuticals (NASDAQ: [[ticker:OPTR]]) shook up its leadership, citing concerns over a stock grant issued by a … Continue reading “SD Life Sciences Roundup: Optimer, Illumina, & Deals, Deals, Deals”
Why There’s No Such Thing as An Overnight Exit Strategy
It’s highly unlikely that you’re going to wake up one morning, hear a knock on your door, and open it to find an acquisition partner with a briefcase full of cash ready to buy your business. The reality is that successful exits—whether through an IPO, a buyout, a strategic acquisition, or a merger—take years of … Continue reading “Why There’s No Such Thing as An Overnight Exit Strategy”
Mention Mobile Obtains New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5b6aae00-f1c0-4b6b-a03f-87e539067827&Preview=1 Date 4/12/2012 Company Name Mention Mobile Mailing Address 7223 Beverly Blvd Los Angeles, CA 90036 Company Description Mention Mobile is a young innovative development company that specializes in incorporating real friends into casual social games on facebook & mobile devices. Website http://www.mentionmobile.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round … Continue reading “Mention Mobile Obtains New Funding”
Tioga Pharmaceuticals Receives $10,000,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=aa8b6dac-7641-44d3-b371-a2e8ff9da5d1&Preview=1 Date 4/12/2012 Company Name Tioga Pharmaceuticals Mailing Address 9393 Towne Centre Dr. San Diego, CA 92121 Company Description Tioga Pharmaceuticals is engaged in the development of novel therapies for the treatment of gastrointestinal diseases. Tioga is developing asimadoline, a proprietary small molecule, for treating irritable bowel syndrome (IBS) and post operative … Continue reading “Tioga Pharmaceuticals Receives $10,000,000 Series B Funding”
Inogen Garners $20,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=de843f80-33c3-4ab5-90a8-d964d1b4f3ab&Preview=1 Date 4/12/2012 Company Name Inogen Mailing Address 326 Bollay Drive Goleta, CA 93117 Company Description Inogen was founded in 2001 to develop products that improve quality of life and increase freedom and mobility for respiratory disease sufferers, predominantly Chronic Obstructive Pulmonary Disease (COPD) patients. Website http://www.inogen.net Transaction Type Venture Equity Transaction … Continue reading “Inogen Garners $20,000,000 New Round”
BioPharma Needs A Safe, Reliable Way To Repair Broken Genes
The sequencing of the human genome didn’t immediately lead to treatments for a number of diseases, as many had hoped and a smaller number had predicted. However, the enormous drop in the price of DNA sequencing over the past decade has now made it possible to sequence an individual’s complete genome for less than $5,000. … Continue reading “BioPharma Needs A Safe, Reliable Way To Repair Broken Genes”
Cardinal Health Hires West Wireless Health Institute’s Inaugural CEO
It felt like an auspicious time when Don Casey arrived two years ago as the inaugural CEO for San Diego’s new West Wireless Health Institute. Founders Gary and Mary West, who made their fortune in telemarketing, had pledged a total of $90 million to the nonprofit institute, where Casey proclaimed the mission was to “innovate, … Continue reading “Cardinal Health Hires West Wireless Health Institute’s Inaugural CEO”
UCSD Spinoff NexDx Aims to Diagnose Rheumatoid Arthritis
Research from the UC San Diego School of Medicine that shows distinct characteristics in the inflammation-producing cells that line the joints of rheumatoid arthritis patients is serving as the foundation for a new molecular diagnostics startup in San Diego. The startup, NexDx, was founded last year to develop reliable and cost-effective technology to accurately diagnose … Continue reading “UCSD Spinoff NexDx Aims to Diagnose Rheumatoid Arthritis”
In San Diego Restart, Verenium Erases Debt, Looks to Expand Products
It’s been roughly a year since Verenium (NASDAQ: [[ticker:VRNM]]) returned to its roots, so to speak, in San Diego as an industrial biotechnology company with an extensive catalog of enzymes. The company got its start here two decades ago as a kind of science project—amassing samples of enzymes from “life at the edge,” the organisms … Continue reading “In San Diego Restart, Verenium Erases Debt, Looks to Expand Products”
The Billion-Dollar App: How Apple Propelled Instagram to Success
Yesterday’s news that Facebook is buying Instagram and its photo-sharing app was eye-popping for about five reasons at once. But the most interesting reason, to me, has also been the most overlooked so far. Here are the points that jumped out in yesterday’s news, starting with the least important (and most discussed) and building up … Continue reading “The Billion-Dollar App: How Apple Propelled Instagram to Success”
J&J Group Awards 3 Finalists $50,000 Each for Gaps in Patient Care
Janssen Healthcare Innovation says three finalists are getting $50,000 each to advance their technologies for coordinating and improving patient care in the gray area that exists between different healthcare providers. Janssen, which is part of New Brunswick, NJ-based Johnson & Johnson, unveiled its incentive prize competition three months ago to spur entrepreneurs, inventors, and others … Continue reading “J&J Group Awards 3 Finalists $50,000 Each for Gaps in Patient Care”
WaveTec Vision Systems Lands $16,500,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7c133718-5af8-40e5-8026-4c3e8b1996aa&Preview=1 Date 4/10/2012 Company Name WaveTec Vision Systems Mailing Address 66 Argonaut Aliso Viejo, CA 92656 Company Description The company is developing a system to help optimize patient outcomes after intraocular lens replacement procedures. Website http://www.wavetecvision.com Transaction Type Venture Equity Transaction Amount $16,500,000 Transaction Round Undisclosed Proceeds Purposes This new capital enables … Continue reading “WaveTec Vision Systems Lands $16,500,000 New Financing”
Optimer Discloses Shakeup Prompted by Chairman’s Deal in Taiwan
A deal involving an affiliated Taiwanese company prompted the board at San Diego’s Optimer Pharmaceuticals (NASDAQ: [[ticker:OPTR]]) to seek the ouster of the co-founder and chairman, Michael Chang, and to fire the company’s chief financial officer and a vice president. In a statement released before the market opened, Optimer also says it disclosed the deal … Continue reading “Optimer Discloses Shakeup Prompted by Chairman’s Deal in Taiwan”
Vesting Is a Hack
Vesting in general (and founder vesting in particular) is an oft-misunderstood tool that has a tendency to really screw up young companies. There are some deep misconceptions at work here that often cause founders all sorts of grief. Most of it comes from the simple fact that stock grants are, at their heart, a crude … Continue reading “Vesting Is a Hack”
Four Xconomists in the News this Weekend, Including Two XSITE Keynoters
It was a busy weekend in tech coverage, despite the holiday. Among other things, four Xconomists were in the news, making headlines, announcing key moves, or as part of national articles—three of them in the New York Times. Here is a quick pointer: –Stephen Wolfram was the focus of a New York Times article about … Continue reading “Four Xconomists in the News this Weekend, Including Two XSITE Keynoters”
Investing in Biotech Isn’t Just for Investors Anymore
There hasn’t been much to crow about for years in the world of biotech financing. There’s no getting around the fact that new drugs still take a long time and a lot of money to develop, and they usually fail. It doesn’t fly in an instant-gratification economy, where people take extraordinary technical achievements—like, say, streaming … Continue reading “Investing in Biotech Isn’t Just for Investors Anymore”
San Diego’s ID Analytics Comes Full Circle in $120M Buyout
Bruce Hansen reminded me of the great startup circle of life when I met him recently at the San Diego headquarters of ID Analytics. We met just a couple of weeks after Tempe, AZ-based LifeLock closed its buyout of ID Analytics in a deal estimated by one industry observer at roughly $120 million. As I … Continue reading “San Diego’s ID Analytics Comes Full Circle in $120M Buyout”
Notepaper App Showdown: Bamboo, FiftyThree, and Noteshelf
Most geeks like me suffer from a condition called Amazing New Tech Syndrome. The chief symptom of ANTS is a happy delirium over the latest gadget you’ve acquired, followed by resentful disillusionment toward that same gadget as soon as a newer one comes out. You can only assuage the resentment by buying the new gadget, … Continue reading “Notepaper App Showdown: Bamboo, FiftyThree, and Noteshelf”
Apple and the Cloud: A Cautionary Tale
The consumer’s electronic world as we know it today is shared between Apple, Google, Facebook, Twitter, and a handful of other popular brands. Most offerings must ride on these platforms and play by their rules. Yet I believe our current interest in—and use of—this ecosystem will peak in 3-6 years, and what awaits each of … Continue reading “Apple and the Cloud: A Cautionary Tale”
Ocera Therapeutics Lands $1,500,150 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b9b931ab-51b3-4053-bf9a-814ef2167817&Preview=1 Date 4/6/2012 Company Name Ocera Therapeutics Mailing Address 12651 High Bluff Drive San Diego, CA 92130 Company Description Ocera Therapeutics Inc. founded in January 2005, is a privately held, clinical-stage biopharmaceutical company focused on the development and commercialization of novel therapeutics for gastrointestinal and liver diseases. Website http://www.ocerainc.com Transaction Type Debt … Continue reading “Ocera Therapeutics Lands $1,500,150 New Funding Round”
SD Life Sciences Roundup: Illumina, Sophiris Bio, & New Funding Deals
The clock is ticking down on the shareholder vote for Roche’s unsolicited offer to buy San Diego-based Illumina (NASDAQ: [[ticker:ILMN]]). We also saw a bunch of new funding deals for local life sciences companies, so get your briefing now. —In a letter sent ahead of Illumina’s showdown shareholder meeting—set for April 18—CEO Jay Flatley and … Continue reading “SD Life Sciences Roundup: Illumina, Sophiris Bio, & New Funding Deals”
Innovation in Startup Business Models
In our industry, it’s not uncommon for entrepreneurs to become so mono-focused on the novelty of product innovation that they forget to innovate equally around their business model. In my estimation, a disruptive business model is at least as important as disruptive technology. As an investor, the perfect scenario for me is a disruptive technology … Continue reading “Innovation in Startup Business Models”
Xconomist of the Week: Roger Ehrenberg Plans for Deeper Investments
Innovative use of data will change our world when you peer through the lens of Roger Ehrenberg, founder and managing partner of two-year-old IA Ventures in New York. From financial services to education and beyond, he sees opportunities to mine, harvest, cleanse, and analyze data in competitive ways. Armed with a $105 million fund that … Continue reading “Xconomist of the Week: Roger Ehrenberg Plans for Deeper Investments”
OneRoof Energy Garners $3,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0159da51-89af-4f15-8000-91cf5371b91f&Preview=1 Date 4/5/2012 Company Name OneRoof Energy Mailing Address 4445 Eastgate Mall Road San Diego, CA 92121 Company Description OneRoof Energy is a San Diego, California based company that develops, owns, and operates solar energy generation systems for the residential market. Website http://www.oneroofenergy.com Transaction Type Venture Equity Transaction Amount $3,000,000 Transaction Round … Continue reading “OneRoof Energy Garners $3,000,000 New Round”
WaveTec Vision Systems Lands $800,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5c411908-5058-4584-93f5-d10d57316a81&Preview=1 Date 4/5/2012 Company Name WaveTec Vision Systems Mailing Address 66 Argonaut Aliso Viejo, CA 92656 Company Description The company is developing a system to help optimize patient outcomes after intraocular lens replacement procedures. Website http://www.wavetecvision.com Transaction Type Venture Equity Transaction Amount $800,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not … Continue reading “WaveTec Vision Systems Lands $800,000 New Funding Round”
WaveTec Vision Systems Secures $800,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5c411908-5058-4584-93f5-d10d57316a81&Preview=1 Date 4/5/2012 Company Name WaveTec Vision Systems Mailing Address 66 Argonaut Aliso Viejo, CA 92656 Company Description The company is developing a system to help optimize patient outcomes after intraocular lens replacement procedures. Website http://www.wavetecvision.com Transaction Type Venture Equity Transaction Amount $800,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not … Continue reading “WaveTec Vision Systems Secures $800,000 New Round”
SD Tech Roundup: ServiceNow Files IPO, On-Ramp Wireless, SwoopThat
Here are some news tidbits from the front lines of San Diego’s tech scene: —San Diego Venture Group President David Titus could hardly contain his enthusiasm at last week’s Rock Stars of Innovation Summit. His jubilance was prompted by a spate of venture-backed IPOs that came through in the waning days of March. Indeed, there’s … Continue reading “SD Tech Roundup: ServiceNow Files IPO, On-Ramp Wireless, SwoopThat”
Mogreet Secures $4,100,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d6bd8f3b-052d-4377-b4b9-0e3c9b04edea&Preview=1 Date 4/4/2012 Company Name Mogreet Mailing Address 555 Rose Ave. Venice, CA 90291 Company Description The company provides text messaging, content and technology. Website http://www.mogreet.com Transaction Type Venture Equity Transaction Amount $4,100,000 Transaction Round Undisclosed Proceeds Purposes The new financing will be invested in launching moShare, the industry’s first mobile sharing … Continue reading “Mogreet Secures $4,100,000 New Financing Round”
Sonexa Therapeutics Garners $1,224,992 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c191a3df-af6d-46bd-83ab-28b02b0669f6&Preview=1 Date 4/4/2012 Company Name Sonexa Therapeutics Mailing Address 12555 High Bluff Drive San Diego, CA 92130 Company Description The company is developing treatments for Alzheimer’s disease. Website http://www.sonexa.com Transaction Type Debt Transaction Amount $1,224,992 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture Investor … Continue reading “Sonexa Therapeutics Garners $1,224,992 New Financing”
WaveTec Vision Systems Lands $15,700,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7c133718-5af8-40e5-8026-4c3e8b1996aa&Preview=1 Date 4/4/2012 Company Name WaveTec Vision Systems Mailing Address 66 Argonaut Aliso Viejo, CA 92656 Company Description The company is developing a system to help optimize patient outcomes after intraocular lens replacement procedures. Website http://www.wavetecvision.com Transaction Type Venture Equity Transaction Amount $15,700,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not … Continue reading “WaveTec Vision Systems Lands $15,700,000 New Round”
Cleantech Innovation and ‘Reinventing Fire’ with Amory Lovins
It’s easy to forget that before Thomas Edison came along that the world was lit only by fire. The dawn of the 20th Century came from the glow of electric lamps. Over time electricity became a commodity, and it got easier and easier to take energy for granted. But now, a little over 100 years … Continue reading “Cleantech Innovation and ‘Reinventing Fire’ with Amory Lovins”
Hard-Nosed Hedge Fund Chief Has Soft Spot for Rare-Disease Startup
On March 19, Martin Shkreli posted an article on the investing blog Seeking Alpha urging readers to “short” shares of San Diego-based Cytori (NASDAQ: [[ticker:CYTX]])—essentially telling them they should bet that the company would falter and its share price would drop. Cytori is developing so-called regenerative treatments, using stem cells from fat, for example, to … Continue reading “Hard-Nosed Hedge Fund Chief Has Soft Spot for Rare-Disease Startup”
Sapphire Energy Secures $144,000,000 Series C Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0992a64b-7509-4060-a31e-6c17da4ef580&Preview=1 Date 4/3/2012 Company Name Sapphire Energy Mailing Address 2658 Del Mar Heights Rd Del Mar, CA 92014 Company Description Company scientists have built a platform that uses sunlight, CO2, photosynthetic microorganisms and non-arable land to produce carbon-neutral alternatives to petrochemical-based processes and products. First up: renewable gasoline. Website http://www.sapphireenergy.com Transaction Type … Continue reading “Sapphire Energy Secures $144,000,000 Series C Financing”
CalciMedica Lands $13,200,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=00c358a9-269b-4278-b2ca-91a1daac283c&Preview=1 Date 4/3/2012 Company Name CalciMedica Mailing Address 505 Coast Blvd S. La Jolla, CA 92037 Company Description The company is developing drugs focused on autoimmune and inflammatory diseases. Website http://www.calcimedica.com Transaction Type Debt Transaction Amount $13,200,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms … Continue reading “CalciMedica Lands $13,200,000 New Funding Round”
San Diego’s Sapphire Energy Raises $144M for “Green Crude Farm”
San Diego biofuel developer Sapphire Energy says today it has secured the final installment of $144 million in a Series C round of venture funding that includes Arrowpoint Partners, Monsanto, and other undisclosed investors. Sapphire says the funding is being used to directly support its development of an algae-based biofuels demonstration facility that remains “active … Continue reading “San Diego’s Sapphire Energy Raises $144M for “Green Crude Farm””
Biotech Can’t Sidestep Cost-Effectiveness Anymore
Back in the old days of biotech, the business was pretty straightforward. You’d craft your scientific idea, aim a new drug at patients in need, charm investors to give you some money, run bang-up clinical trials, win FDA approval. Do all that, and you’re good as gold. Charge insurers whatever the market will bear, and … Continue reading “Biotech Can’t Sidestep Cost-Effectiveness Anymore”
FireScope Secures $1,698,785 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=56914569-d011-4e2b-8225-cf800931301b&Preview=1 Date 4/2/2012 Company Name FireScope Mailing Address 2130 Main Street Huntington Beach, CA 92648 Company Description FireScope IT Service Management Solutions help remove barriers and delivers a powerful framework for the development and day-to-day management of your comprehensive IT strategy. Website http://www.firescope.com Transaction Type Venture Equity Transaction Amount $1,698,785 Transaction Round … Continue reading “FireScope Secures $1,698,785 New Round”
Sapphire Energy Receives $129,010,592 Series D Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9ea44a41-1765-44dc-976d-e526b1aaae01&Preview=1 Date 4/2/2012 Company Name Sapphire Energy Mailing Address 2658 Del Mar Heights Rd Del Mar, CA 92014 Company Description Company scientists have built a platform that uses sunlight, CO2, photosynthetic microorganisms and non-arable land to produce carbon-neutral alternatives to petrochemical-based processes and products. First up: renewable gasoline. Website http://www.sapphireenergy.com Transaction Type … Continue reading “Sapphire Energy Receives $129,010,592 Series D Funding”
Genalyte Lands $11,800,000 Series B Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=64b76f0c-b236-4ded-af56-92530b6bc89b&Preview=1 Date 3/31/2012 Company Name Genalyte Mailing Address 3030 Bunker Hill St San Diego, CA 92109 Company Description Over the past three years the team’s mission has been to develop instrument systems, hardware, software and consumables, making multiplex protein and nucleic acid testing from a single sample the standard in the Research, … Continue reading “Genalyte Lands $11,800,000 Series B Financing”
WorldMate Obtains $505,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=49cc5c84-2c19-445c-b5b6-1fa510957723&Preview=1 Date 3/31/2012 Company Name WorldMate Mailing Address 353 N Azusa Ave. West Covina, CA 91791 Company Description WorldMate exists for only one reason – to make your on-the-go lifestyle easier. Plan and manage your trips at home and on the road, with instant access to valuable tools and resources, making your … Continue reading “WorldMate Obtains $505,000 New Funding”
Xconomist of the Week: Andy Ory on the Real Opportunity for Acme Packet
Acme Packet is not the easiest technology company to write about. If you’re not careful, you end up bogging down in things like SIP trunking, IMS deployments, session delivery solutions, and other Internet Protocol networking lingo. Fortunately, Acme Packet’s co-founder and CEO, Andy Ory, makes things easy. Ory has led the Bedford, MA-based company (NASDAQ: … Continue reading “Xconomist of the Week: Andy Ory on the Real Opportunity for Acme Packet”
Searching for a VC Heart of Gold at Rock Stars of Innovation Summit
Reading between the lines, it seemed as if Chuck McDermott was trying to set the tone—or maybe just the backbeat—for San Diego’s “Rock Stars of Innovation Summit” when he chose a 1979 John Stewart hit as the closing song for Tuesday night’s VC jam session. McDermott, who is a general partner in the Boston office … Continue reading “Searching for a VC Heart of Gold at Rock Stars of Innovation Summit”
Steve Blank Hands A New Owner’s Manual to Startup Founders
If you look closely at the cover of Steve Blank’s new book, The Startup Owner’s Manual, you’ll see that it shows an exploded view of the transmission from an automobile engine. Leonardo da Vinci invented the exploded view more than 500 years ago, and it has stayed with us as a visualization tool, because it’s … Continue reading “Steve Blank Hands A New Owner’s Manual to Startup Founders”
Genoa Pharma Aims To Satisfy Big Pharma’s Hunger for IPF Drugs
One of the hot areas of drug development these days can be filed under the header of “deadly lung scarring condition we don’t understand very well.” But the scientific knowledge of idiopathic pulmonary fibrosis is improving fast, and a new San Diego startup called Genoa Pharmaceuticals is betting it can satisfy Big Pharma’s hunger for … Continue reading “Genoa Pharma Aims To Satisfy Big Pharma’s Hunger for IPF Drugs”
Axikin Pharmaceuticals Garners $2,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fa3aad53-015c-4399-acc0-89fb3483c562&Preview=1 Date 3/30/2012 Company Name Axikin Pharmaceuticals Mailing Address 10835 Road To The Cure San Diego, CA 92121 Company Description The Axikin discovery biology and portfolio of small molecules focuses on novel GPCR and kinase targets central to the inflammatory process, the antagonism of which is predicted to ameliorate allergic respiratory disorders … Continue reading “Axikin Pharmaceuticals Garners $2,000,000 New Funding”
Roche Raises Illumina Takeover Bid to $51/Share
Roche has raised the stakes in its ongoing hostile takeover bid for San Diego-based Illumina (NASDAQ: [[ticker:ILMN]]) The Switzerland-based healthcare giant said it has raised its offer to $51 a share for Illumina, a 15 percent premium over its original offer in January of $44.50 a share. The new bid values Illumina, the market leader … Continue reading “Roche Raises Illumina Takeover Bid to $51/Share”
LiquidGrids Re-Launches Social Media Analytics for Health Industry
San Diego-based LiquidGrids, which unveiled a beta version of its healthcare-focused social media analytics less than five months ago, is re-launching its business today after overhauling its technology. The startup was known as Swarmology when founder Malcolm Bohm outlined the concept for me in November. “We were getting confused with the plethora of other ‘swarms’ … Continue reading “LiquidGrids Re-Launches Social Media Analytics for Health Industry”
Sientra Secures $65,000,000 Series C Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1cd25d57-f9ed-46a2-9c6c-12f3609d5a4c&Preview=1 Date 3/29/2012 Company Name Sientra Mailing Address 6769 Hollister Avenue Santa Barbara, CA 93117 Company Description The company is developing a medical device focused on the plastic surgery and aesthetics market. Website http://www.sientra.com Transaction Type Venture Equity Transaction Amount $65,000,000 Transaction Round Series C Proceeds Purposes The new funds bolster Sientra’s … Continue reading “Sientra Secures $65,000,000 Series C Round”