Cytogel Pharma, a Darien, CT-based biopharmaceutical development firm, has raised $2.2 million in equity and rights funding, according to an SEC filing. The company, founded in 2002, says that its strategy is to license promising drugs with the intent of eventually selling them to larger companies, according to its website. Centripetal Capital Partners, based in … Continue reading “$2.2M for Cytogel”
Three Survival Strategies for Young Companies (Plus a Stock Tip) from the Startup Predictor
Thomas Thurston usually charges big bucks for a consultation like the one he gave me this week. But you’re getting it for free here. Of course, maybe it’s a freebie that will make you seek him out for more information. Either way, consider yourself lucky. I do. Thurston is the founder of Growth Science International, … Continue reading “Three Survival Strategies for Young Companies (Plus a Stock Tip) from the Startup Predictor”
Calling All Innovators: Strut Your Company’s Stuff in Xconomy’s June 17 XSITE Xpo
Attention tech entrepreneurs: We’re looking for a few good startups to tell their stories during the climactic “Xpo” segment of the Xconomy Summit on Innovation, Technology, and Entrepreneurship (XSITE) at Babson College on June 17. What’s the Xpo? Well, if XSITE were an elegant, absorbing, tightly woven sentence about the work high-tech innovators in New … Continue reading “Calling All Innovators: Strut Your Company’s Stuff in Xconomy’s June 17 XSITE Xpo”
Scripps Chemistry Idea “Clicks” With Big Pharma, Seattle’s Integrated Diagnostics
One of the Nobel Prize winners at The Scripps Research Institute in San Diego has been saying for a decade that chemists would be better off doing the simple thing instead of the hard thing. Now quite a few of the world’s top academic scientists and Big Pharma companies are starting to adopt K. Barry … Continue reading “Scripps Chemistry Idea “Clicks” With Big Pharma, Seattle’s Integrated Diagnostics”
Zeo, Maker of Personal Sleep Tracker, Hunting for More Regis Philbin Magic
When celebrity Regis Philbin talked up the benefits of Zeo’s sleep tracking device on his TV show last June, the Newton, MA-based startup sold more than 1,000 units within three days, says Dave Dickinson, the firm’s CEO. Zeo, founded as Axon Labs in 2003 by three Brown University students, is nearly a year into marketing … Continue reading “Zeo, Maker of Personal Sleep Tracker, Hunting for More Regis Philbin Magic”
Biogen Idec Grant Sends San Diego’s Aspiring Biotech Rock Stars Into Local Schools
In a move that borrows a page from Intel’s “Rock Stars of Engineering” advertising campaign, a San Diego non-profit group is organizing a program that will bring the aspiring rock stars of San Diego’s life sciences industry into local classrooms. The pilot program, funded by a $100,000 grant from the Cambridge, MA-based Biogen Idec Foundation, … Continue reading “Biogen Idec Grant Sends San Diego’s Aspiring Biotech Rock Stars Into Local Schools”
C-Crete Wins $100K, BioSphere and Double-Take Get Taken Out, General Compression Adds to Series A, & More Boston-Area Deals News
We saw a mix of headlines on early funding rounds, business plan competitions, and acquisitions from startups in the software, mobile hardware, Internet, energy, and biotech sectors. —Cambridge, MA-based Sand 9, a maker of tiny timer and frequency control technology for wireless devices, said it secured a $12 million Series B financing, led by new … Continue reading “C-Crete Wins $100K, BioSphere and Double-Take Get Taken Out, General Compression Adds to Series A, & More Boston-Area Deals News”
Terrafugia Garners $2,000,000 Series B Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ac9c63ad-3f06-47e8-8b8e-1dc8ef42eb62&Preview=1 Date 5/19/2010 Company Name Terrafugia Mailing Address 5 Cranes Court Woburn, MA 01801 Company Description The company designs and manufactures flying cars. Website http://www.Terrafugia.com Transaction Type Venture Equity Transaction Amount $2,000,000 Transaction Round Series B Proceeds Purposes The funding will go to developing the next generation of its flying car. M&A … Continue reading “Terrafugia Garners $2,000,000 Series B Round”
Cytogel Pharma Lands $2,200,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=408d6071-ad01-49ee-aa60-99b6d371a906&Preview=1 Date 5/19/2010 Company Name Cytogel Pharma Mailing Address 1540 Post Rd. Darien, CT 06820 Company Description Cytogel Pharma (Cytogel) is a bio-pharmaceutical development company focused on acquiring promising early-stage programs that offer significant potential both as platform technologies and high value product candidates. The company’s portfolio includes novel analgesic product candidates … Continue reading “Cytogel Pharma Lands $2,200,000 New Round”
Arsenal Medical Secures $10,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=21aa981f-1ff2-45ca-b70b-ef96d80097d4&Preview=1 Date 5/19/2010 Company Name Arsenal Medical Mailing Address 480 Arsenal Street Watertown, MA 02472 Company Description The company is developing medical device technology. Website http://www.wmrbiomed.com Transaction Type Venture Equity Transaction Amount $10,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Undisclosed
MicroGreen Polymers Secures $6,900,000 Series B Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9b0249d3-2171-4cf9-ae22-6e935a247a11&Preview=1 Date 5/19/2010 Company Name MicroGreen Polymers Mailing Address 7220 201st Street NE Arlington, WA 98223-7477 Company Description MicroGREEN Polymers is on a mission to give the plastics industry and the world environmentally sound plastics technologies with substantial economic advantages. MicroGREEN Polymers Inc. was incorporated September 11, 2002, in Washington State. The … Continue reading “MicroGreen Polymers Secures $6,900,000 Series B Financing”
Celula Receives $15,000,000 Series B Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1dd4d35a-e83e-40a1-b5d9-7b6bbe848e8d&Preview=1 Date 5/19/2010 Company Name Celula Mailing Address 5820 Nancy Ridge Drive San Diego, CA 92121 Company Description Celula develops innovative instruments for personalized diagnostics using advanced microfluidics and other technologies. Using its platforms, Celula alone and in collaborations with industry and academia, identifies, develops, and validates unique cutting edge assays with … Continue reading “Celula Receives $15,000,000 Series B Round”
Coda Automotive Obtains $33,000,000 Series C Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7655ba32-1b85-4064-8500-b3a87ef1fc46&Preview=1 Date 5/19/2010 Company Name Coda Automotive Mailing Address 1601 Wilshire Blvd Santa Monica, CA 90403 Company Description We were formed by a group of innovators, experts in their fields, motivated to solve some of today’s most pressing problems to leave a better world for their children. Our business model is unique. … Continue reading “Coda Automotive Obtains $33,000,000 Series C Financing Round”
Sonim Technologies Receives $9,000,000 Series D Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=20e2c4c0-9941-4c6d-a14a-ed0ba255109e&Preview=1 Date 5/19/2010 Company Name Sonim Technologies Mailing Address 1875 S. Grant Street San Mateo, CA 94402 Company Description Sonim Technologies enables today’s GSM and CDMA wireless data networks to deliver high-margin voice services. Website http://www.sonimtech.com Transaction Type Venture Equity Transaction Amount $9,000,000 Transaction Round Series D Proceeds Purposes The financing will … Continue reading “Sonim Technologies Receives $9,000,000 Series D Round”
Blip.tv Garners $10,100,000 Series C Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=483ff709-4cd4-49ea-84a3-27003189c9f3&Preview=1 Date 5/19/2010 Company Name Blip.tv Mailing Address Undisclosed New York, NY 10000 Company Description We believe that the world is fundamentally changing as it becomes easier and easier for individuals and small groups of people to create their own video. Our mission is to make this even easier by taking care … Continue reading “Blip.tv Garners $10,100,000 Series C Financing Round”
LibreDigital Obtains $8,100,000 Series C Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2f487326-1da8-43b9-aaad-03bb98248ac3&Preview=1 Date 5/19/2010 Company Name LibreDigital Mailing Address 1835-B Kramer Lane Austin, TX 78758 Company Description When LibreDigital formed in 1999 to provide publishers with digital warehousing and e-distribution, the web was a place for email, retail, and early content experiments. The term “blog” had just been coined. Social networking was the … Continue reading “LibreDigital Obtains $8,100,000 Series C Financing Round”
WTIA Annual Summer Celebration
Info and registration here. WTIA’s annual Summer Celebration is back, and this time we are bringing the community together with a new flare. Hosted in Woodinville at Chateau Ste Michelle Winery our guests will enjoy a summer kaleidoscope of business opportunities, enjoyment & education! CONNECT: With over 200 peers in the tech crowd. SIP: On … Continue reading “WTIA Annual Summer Celebration”
Microsoft Sues Salesforce.com
Redmond, WA-based Microsoft has filed a federal lawsuit against its rival Salesforce.com, claiming the online customer relationship management (CRM) company infringes on nine of its patents. Microsoft is seeking a jury trial, damages, and injunctions. The news was reported earlier by CNET and other media outlets. The patents cover technologies such as display and user-interface … Continue reading “Microsoft Sues Salesforce.com”
San Diego’s Celula Gets $15M for Molecular Diagnostics
[Clarification 5/19/10 11:00 am. See below.] Celula, a molecular diagnostic startup founded in San Diego five years ago, has raised $15 million in a secondary round of venture funding led by Palo Alto, CA-based Skyline Ventures, according to a VentureWire report today. Celula’s top executives did not return a call this afternoon seeking to confirm … Continue reading “San Diego’s Celula Gets $15M for Molecular Diagnostics”
Dashwire, Ground Truth, Swype Win Awards
Seattle-area mobile startups Dashwire, Ground Truth, and Swype have been named to FierceWireless’s Fierce 15 list. The 2010 awards recognize innovation and intelligence in emerging companies in the wireless sector (follow the link above to read the FierceWireless writeups of each company). Dashwire makes software to sync people’s phones with the Web and help them … Continue reading “Dashwire, Ground Truth, Swype Win Awards”
Where Are All the Freakin’ Seattle-Area Deals?
I don’t know, maybe all this event planning (and attending) is taking away from the deal flow in the Northwest, especially in the tech industry. There hasn’t been much in the way of new company financings or acquisitions in the past week or two. But it’s probably the calm before the storm… —Seattle’s Institute for … Continue reading “Where Are All the Freakin’ Seattle-Area Deals?”
Pfizer Slices 300 Jobs in MA
Pharmaceutical giant Pfizer announced today it will be eliminating 300 manufacturing jobs by the end of 2015 at its Andover, MA, biotech plant, as part of a restructuring plan following its $68 billion acquisition of New Jersey-based Wyeth (NYSE: [[ticker:WYE]]) last year. Pfizer will be cutting about 6,000 jobs over the next few years, by … Continue reading “Pfizer Slices 300 Jobs in MA”
MITEF Innovation Series: Financing Growth
This innovation series event, put on by the MIT Enterprise Forum of Cambridge, explores market issues for funded and growing tech and life sciences companies.
Automation Alley Gets Defensive
Automation Alley, a Troy, MI-based business association, has opened a defense office at the Macomb-Oakland University INCubator, in Sterling Heights, MI, the group announced today. The office will provide assistance local companies that are looking to work with the military. One project includes creating an industrial capabilities database to identify new military suppliers. Companies interested … Continue reading “Automation Alley Gets Defensive”
Michigan’s EcoMotors Set to Get $18M to Develop Efficient Gas, Diesel Engines
Reports of the impending death of the internal combustion engine may have been greatly exaggerated if Troy, MI-based EcoMotors International has anything to say about it. A large Chinese auto supplier and a partner in Michigan have signed a letter of intent to throw $18 million at EcoMotors in return for prototypes of what the … Continue reading “Michigan’s EcoMotors Set to Get $18M to Develop Efficient Gas, Diesel Engines”
Legend Has It—An Early Lead in the Post-Avatar Rush to Convert 2D Films to 3D
Barry Sandrew, who was once a staff neuroscientist at the Harvard Medical School, now presides over one of the fastest-growing companies in San Diego—with a business that has nothing to do with medical research. As a matter of fact, the company known today as Legend 3D no longer resembles the digital colorization studio that Sandrew … Continue reading “Legend Has It—An Early Lead in the Post-Avatar Rush to Convert 2D Films to 3D”
$25K for Boston Innovation District Startup
[Updated and corrected, 5:00 pm, 5/18/10] Boston Mayor Thomas Menino announced today that Spencer Trask Collaborative Innovations will sponsor a startup competition starting in July, and award $25,000 for the winning company to work in the “Innovation District” that the city is developing, the Boston Globe reported. [Note: Originally we cited venture capital firm Spencer … Continue reading “$25K for Boston Innovation District Startup”
Helicos Halves Work Force
Helicos BioSciences, a Cambridge, MA-based developer of genetic analysis technology, says it has cut 40 jobs or half its remaining work force this month to trim its operating expenses. The company (NASDAQ:[[ticker:HLCS]]) wants to apply its single-molecule gene sequencing technology in the molecular diagnostics field, after life sciences researchers have been slow to adopt the … Continue reading “Helicos Halves Work Force”
Rocket Racing League, Led by XSITE Keynoter and X Prize Founder Peter Diamandis, Readies iPhone & iPad Game
The Rocket Racing League game coming to the iPhone, iPod Touch, and iPad early this summer is a rare beast: a futuristic video game that’s based on real life. RRL Games, a wing (or should I say fin?) of the Orlando, FL-based Rocket Racing League, is expected to release its game for the iPhone and … Continue reading “Rocket Racing League, Led by XSITE Keynoter and X Prize Founder Peter Diamandis, Readies iPhone & iPad Game”
Clay Christensen Speaks at Technology Alliance on Disruptive Innovations in Education, Health, VC
A roomful of 850 business leaders and policy makers got some serious food for thought at yesterday’s annual “State of Technology” Luncheon in Seattle, organized by the Technology Alliance. The guest of honor was Clayton Christensen, the Harvard Business School professor who coined the term “disruptive innovation” in a series of bestselling business books starting … Continue reading “Clay Christensen Speaks at Technology Alliance on Disruptive Innovations in Education, Health, VC”
Leroy Hood’s Personalized Medicine Vision Enters Proving Ground at Ohio State
Seven years after biotech pioneer Leroy Hood coined the term “P4 Medicine,” for a transformative new idea in healthcare, he has captured the first significant money and manpower from a major U.S. medical school to carry the idea forward. Ohio State University, the nation’s second-largest university, said late Friday that its board has approved a … Continue reading “Leroy Hood’s Personalized Medicine Vision Enters Proving Ground at Ohio State”
From Tech Town to Maker Faire, Detroit’s Entrepreneurship Culture is Growing
In April 2009, the Kauffman Foundation formally engaged on the ground to support the New Economy Initiative, TechTown, and other efforts to re-energize the Detroit entrepreneurial ecosystem. More than 1,500 individuals have since attended Kauffman’s FastTrac to the Future one-day events, which have exposed them to the opportunities and challenges of entrepreneurship. Over 800 individuals … Continue reading “From Tech Town to Maker Faire, Detroit’s Entrepreneurship Culture is Growing”
Inspired by Iron Man, Zazu Makes Mobile App for More Intelligent Wake-Up Calls
Punit Shah used to think that there was no good reason that JARVIS, the artificial intelligence personal assistant to the Iron Man comic series protagonist Tony Stark, shouldn’t exist in real life. It’s an idea that he brought with him to Boston’s Startup Weekend in December, an event where aspiring entrepreneurs team up for 54 … Continue reading “Inspired by Iron Man, Zazu Makes Mobile App for More Intelligent Wake-Up Calls”
Biomedical Structures Secures New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2b871797-1752-42a4-a92d-72b733995267&Preview=1 Date 5/18/2010 Company Name Biomedical Structures Mailing Address 71 Cypress St. Warwick, RI 02888 Company Description BMS brings your ideas to life using resorbable and non-resorbable fibers to manufacture braids, knits, woven, or non-woven structures to meet your application needs. Website http://www.bmsri.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round … Continue reading “Biomedical Structures Secures New Funding”
Genstruct Garners $500,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8ca4dbc5-305e-4940-af72-fbd4be40acd5&Preview=1 Date 5/18/2010 Company Name Genstruct Mailing Address One Alewife Center Cambridge, MA 02140 Company Description Genstruct is a therapeutic mechanism discovery company that has developed a platform for compound MOA and biomarker discovery called Molecular Epistemics. Website http://www.genstruct.com Transaction Type Venture Equity Transaction Amount $500,000 Transaction Round Undisclosed Proceeds Purposes Proceeds … Continue reading “Genstruct Garners $500,000 New Round”
Nexxo Financial Receives New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ec4f3f81-1405-4244-a98e-0c79315d459e&Preview=1 Date 5/18/2010 Company Name Nexxo Financial Mailing Address 1150 Bayhill Dr San Bruno, CA 94066 Company Description Nexxo customers have given up the cumbersome, expensive and time-consuming outdated way of sending money. They are taking advantage of 21st century technology and send money that is fast, confidential, convenient, easy and economical! … Continue reading “Nexxo Financial Receives New Financing Round”
NorthScale Secures $10,000,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c5ec1d57-c40f-4476-855a-1475c416e070&Preview=1 Date 5/18/2010 Company Name NorthScale Mailing Address 200 W. Evelyn Ave. Mountain View, CA 94041 Company Description NorthScale, Inc., the elastic data infrastructure software company, provides a new class of data management technology that scales out, enabling customers to dramatically lower data management costs while simultaneously improving the scalability and performance … Continue reading “NorthScale Secures $10,000,000 Series B Funding Round”
Lookout Lands $11,000,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e12b2ea6-717b-46b9-b1b0-3a7801893a9f&Preview=1 Date 5/18/2010 Company Name Lookout Mailing Address 539 Bryant St. San Francisco, CA 94107 Company Description Lookout is a mobile security company dedicated to making the mobile experience safe for everyone. Website Undisclosed Transaction Type Venture Equity Transaction Amount $11,000,000 Transaction Round Series B Proceeds Purposes With this additional financing, we’ll … Continue reading “Lookout Lands $11,000,000 Series B Funding”
Cloud9 Analytics Secures $8,000,000 Series C Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e17896c1-9085-4158-bd01-471e1ecc887e&Preview=1 Date 5/18/2010 Company Name Cloud9 Analytics Mailing Address 333 Twin Dolphin Drive Redwood City, CA 94065 Company Description Cloud9 Analytics is developing an On-Demand Sales Performance Management Application for Salesforce.com customers. Our Software-As-a-Service (SaaS) offering, delivers role-based, interactive, analytical dashboards including – Advanced Pipeline Analytics, Sales Effectiveness Analytics and Triangulated Forecasting … Continue reading “Cloud9 Analytics Secures $8,000,000 Series C Round”
SwiftTest Obtains New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ef9431d0-ea91-4145-82f3-62b83c1bb1a4&Preview=1 Date 5/18/2010 Company Name SwiftTest Mailing Address 3211 Scott Blvd. Santa Clara, CA 95054 Company Description SwiftTest develops powerful and efficient commercial testing tools and solutions that take the burden of IP storage test tool development off of in-house engineers and QA teams. SwiftTest was founded by test industry veterans who … Continue reading “SwiftTest Obtains New Funding Round”
Enovix Obtains New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0c6fb6c7-5c71-4f36-a438-889d3faaf4d8&Preview=1 Date 5/18/2010 Company Name Enovix Mailing Address 46758 Lakeview Blvd. Fremont, CA 94538 Company Description ENOVIX Corp., founded in 2006 under the operating name microAzure, has assembled a diverse section of proven technology innovators uniquely capable of developing and cost effectively producing the revolutionary 3 Wave Array energy storage cells. Website … Continue reading “Enovix Obtains New Funding Round”
Chug Obtains $1,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=340bab07-098a-44f6-80f5-b94eacecea5c&Preview=1 Date 5/18/2010 Company Name Chug Mailing Address Pier 38 San Francisco, CA 94107 Company Description The company is said to be working on an online car buying service. Website Undisclosed Transaction Type Venture Equity Transaction Amount $1,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor … Continue reading “Chug Obtains $1,000,000 New Financing”
Breathe Technologies Garners $23,000,000 Series C Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ac52d520-6bdf-4173-a9fc-f83faa2f5bf7&Preview=1 Date 5/18/2010 Company Name Breathe Technologies Mailing Address 4000 Executive Parkway San Ramon, CA 94583 Company Description The company is focused on developing innovative medical technologies for treating respiratory diseases such as COPD, cystic fibrosis and influenza. Breathe Technologies’ offerings include durable, ultra-lightweight, ambulatory ventilator systems intended to improve the quality … Continue reading “Breathe Technologies Garners $23,000,000 Series C Round”
CDC Software Acquires TradeBeam Holdings for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b47ef082-56d3-45a9-b025-6dc87358ba22&Preview=1 Date 5/18/2010 Company Name TradeBeam Holdings Mailing Address Two Waters Park Drive San Mateo, CA 94403-1148 Company Description TradeBeam is a Global Trade Management software and services company providing solutions that streamline global trading processes for enterprises and their partners. Website http://www.tradebeam.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds … Continue reading “CDC Software Acquires TradeBeam Holdings for Undisclosed Sum”
Yahoo! Acquires Associated Content for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=7e734d12-44b2-47a4-901a-f19ecd3cf637&Preview=1 Date 5/18/2010 Company Name Associated Content Mailing Address 88 Steele St. Denver, CO 80206 Company Description Associated Content is a leader and innovator in the user-driven content space. They have built a massive library of content that is extraordinarily valuable when combined with the unique revenue management system that they have … Continue reading “Yahoo! Acquires Associated Content for Undisclosed Sum”
Sipera Systems Receives $10,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f9689689-5d8c-448a-9ebb-b83fd8c73d49&Preview=1 Date 5/18/2010 Company Name Sipera Systems Mailing Address 1900 Firman Drive Richardson, TX 75081 Company Description Sipera is developing security software for Voice over Internet Protocol networks — VoIP for short — meaning data networks, including the Internet, that can carry phone calls. Website http://www.sipera.com Transaction Type Venture Equity Transaction Amount … Continue reading “Sipera Systems Receives $10,000,000 New Financing Round”
Fallbrook Details Risk Factors in Amended IPO Filing
San Diego’s Fallbrook Technologies amended its IPO filing with securities regulators Friday—providing additional details about the company’s risk factors, including its lack of profitability and need to raise more capital to stay afloat. As we reported, Fallbrook filed for its initial public offering in February. The cleantech company, which has 56 employees, has been developing … Continue reading “Fallbrook Details Risk Factors in Amended IPO Filing”
Glass Flakes in Vials Prompt Halozyme, Baxter to Recall Hylenex Pediatric Rehydration Product
First San Diego’s Cadence Pharmaceuticals (NASDAQ: [[ticker:CADX]]), and now, Halozyme Therapeutics (NASDAQ: [[ticker:HALO]]), have encountered troubles resulting from contaminated biomedical products coming from their manufacturing partner, Baxter Healthcare, a unit of Baxter International (NYSE: [[ticker:BAX]]) of Deerfield, IL. Today Halozyme and Baxter said they are voluntarily recalling affected lots of a product called Hylenex that … Continue reading “Glass Flakes in Vials Prompt Halozyme, Baxter to Recall Hylenex Pediatric Rehydration Product”
Evri Absorbs Twine, Goes Mobile for Tech News on Android Phones
Twine.com is officially no more. As of Friday, the semantic and social news service has been discontinued, and most of its features have been folded into Evri.com, the Seattle-based semantic information discovery site. Both companies were backed by Paul Allen’s Vulcan Capital, and in February, Evri acquired Twine (Radar Networks, based in San Francisco) for … Continue reading “Evri Absorbs Twine, Goes Mobile for Tech News on Android Phones”
Microsoft to Pay VirnetX $200M
Microsoft said today it will pay VirnetX Holding Corp. $200 million to settle patent infringement cases brought by VirnetX against the Redmond, WA-based software company. VirnetX (NYSE AMEX: [[ticker:VHC]]), an Internet security firm based in Scotts Valley, CA, filed a lawsuit in 2007 alleging that Microsoft Windows, Office, and other products infringed on two of … Continue reading “Microsoft to Pay VirnetX $200M”