Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b180803d-aa17-45d2-81ee-9e47f4631340&Preview=1 Date 4/22/2010 Company Name Amonix Mailing Address 1709 Apollo Court Seal Beach, CA 90740 Company Description Amonix is the world leading designer and proprietary manufacturer of patented high-performance high concentration photovoltaic (HCPV) power generation systems for utility scale applications. Website http://www.amonix.com Transaction Type Venture Equity Transaction Amount $129,400,000 Transaction Round Undisclosed … Continue reading “Amonix Obtains $129,400,000 New Financing”
Pluromed Garners $1,100,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=0c1111d5-3f32-4b59-bdc8-212931952667&Preview=1 Date 4/22/2010 Company Name Pluromed Mailing Address 25-H Olympia Avenue Woburn, MA 01801 Company Description Pluromed, Inc. is an early-stage medical technology company pioneering the use of injectable plugs to improve the safety, efficacy and economics of medical interventions. The Company develops, manufactures and markets a family of disposable medical devices … Continue reading “Pluromed Garners $1,100,000 New Financing Round”
Mascoma Corporation Obtains $3,400,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5071c813-bb6a-48ef-9e20-639d5b1ba4f2&Preview=1 Date 4/22/2010 Company Name Mascoma Corporation Mailing Address 67 Etna Road Lebanon, NH 03766 Company Description Recent advances in cellulosic ethanol R&D have led to the development of a new generation of enzymes, microbes and processes for economical conversion of cellulosic feedstocks into ethanol. With the combination of R&D advancements and … Continue reading “Mascoma Corporation Obtains $3,400,000 New Round”
SPS Commerce Lands $59,500,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f0056ee4-33e5-497a-800b-98e3f1f6e817&Preview=1 Date 4/22/2010 Company Name SPS Commerce Mailing Address 333 South Seventh Street Minneapolis, MN 55402 Company Description SPS Commerce (NASDAQ: SPSC) is the leading trading partner integration center offering fully outsourced Electronic Data Interchange (EDI) and Item Catalog functions. We offer rapid, turn-key services to connect suppliers with their retail and … Continue reading “SPS Commerce Lands $59,500,000 New Financing Round”
Lifefactory Obtains $1,650,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c49487d8-6310-48be-bb3a-9fcaf59afa41&Preview=1 Date 4/22/2010 Company Name Lifefactory Mailing Address 480 Gate 5 Road, Studio 300E Sausalito, CA 94965 Company Description Lifefactory was created to provide a new generation of babies and their parents a choice in safe, developmentally-appropriate, and eco-friendly baby products. Website http://www.lifefactory.com Transaction Type Venture Equity Transaction Amount $1,650,000 Transaction Round … Continue reading “Lifefactory Obtains $1,650,000 Series A Funding”
AutoESL Design Technologies Lands $2,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=97fefa27-51e5-4015-927a-cc9a8543babe&Preview=1 Date 4/22/2010 Company Name AutoESL Design Technologies Mailing Address 20245 Stevens Creek Blvd. Cupertino, CA 95014 Company Description AutoESL Design Technologies (AutoESL), Inc. is a privately held hi-tech company providing platform-based communication-centric Electronic System Level (ESL) synthesis tools in the field of Electronic Design Automation (EDA) for integrated circuits and systems. … Continue reading “AutoESL Design Technologies Lands $2,000,000 New Funding Round”
Code Green Networks Receives $4,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a4385a69-84d8-4d5a-bafc-e2526adbcece&Preview=1 Date 4/22/2010 Company Name Code Green Networks Mailing Address 385 Moffett Park Drive Sunnyvale, CA 94089 Company Description Code Green Networks offers enterprise content security solutions that help organizations mitigate the risk of unauthorized disclosure of confidential content through internal information leaks. Website http://www.codegreennetworks.com Transaction Type Venture Equity Transaction Amount $4,000,000 … Continue reading “Code Green Networks Receives $4,000,000 New Funding”
Rheonix Obtains $12,600,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b93cd511-6cfa-4d82-9295-06ba5d32ce7f&Preview=1 Date 4/22/2010 Company Name Rheonix Mailing Address 22 Thornwood Drive Ithaca, NY 14850 Company Description Rheonix, Inc. is exploiting its novel, patented, polymer chip microfluidic technology to introduce products that address some of the hottest issues in global healthcare today: Avian Influenza, HPV, TB, Dengue Fever, AIDS, SARS, bioterrorism, affordable healthcare … Continue reading “Rheonix Obtains $12,600,000 Series A Round”
Simulmedia Lands $8,000,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=db91d2fd-b954-408c-940a-efa177ed18c8&Preview=1 Date 4/22/2010 Company Name Simulmedia Mailing Address 670 Broadway New York, NY 10012 Company Description Simulmedia is a company aimed at helping television companies improve ratings by lifting the effectiveness of tune-in programming spots. Website http://www.simulmedia.com Transaction Type Venture Equity Transaction Amount $8,000,000 Transaction Round Series B Proceeds Purposes The new … Continue reading “Simulmedia Lands $8,000,000 Series B Funding Round”
OpenCandy Gets $5M in Round Led by Google Ventures
OpenCandy co-founder Darrius Thompson confirms in an e-mail that the San Diego-based startup, which operates a kind of online marketplace for open-source software, just raised $5 million in a series B round of venture funding, which was reported today by TechCrunch. The new $5 million round was led by Google Ventures, and in a winking … Continue reading “OpenCandy Gets $5M in Round Led by Google Ventures”
Cray Wins $20M Brazilian Contract
Seattle-based Cray, the supercomputer company, announced today it has been awarded a multi-year, $20 million contract with the Foundation for Space Technology, Applications and Science in Brazil. Under the terms of the contract, the company will deliver a Cray XT6 supercomputer to Brazil’s National Institute for Space Research, to perform weather forecasts and climate studies; … Continue reading “Cray Wins $20M Brazilian Contract”
Patrick Admin Officials Hold Open Office Hours
The Patrick Administration announced today that representatives of the Massachusetts: It’s All Here campaign to support business growth in the state will be available for meetings with college students, entrepreneurs, and small business executives at their new location in the Cambridge Innovation Center at One Broadway, Cambridge. Officials who will be available by appointment for office … Continue reading “Patrick Admin Officials Hold Open Office Hours”
Genzyme Expects $175M Expense for Manufacturing Problems in Allston
Genzyme has given its first-quarter 2010 earnings a $175 million haircut. The Cambridge, MA-based biotech firm (NASDAQ:[[ticker:GENZ]]) said today that it expects to pay that amount to the FDA due to deficiencies at its manufacturing plant in Allston, MA. The company and the FDA are negotiating terms of a consent decree, under which the firm … Continue reading “Genzyme Expects $175M Expense for Manufacturing Problems in Allston”
Knome Gets $5M From bioMérieux
Knome, a Cambridge, MA-based genomics sequencing and analysis company, received $5 million from France’s bioMérieux in exchange for an equity stake. It’s part of a partnership deal in which the French company will use Knome’s technology to develop in vitro diagnostics for cancer and infectious diseases, the companies announced today. As part of the deal, … Continue reading “Knome Gets $5M From bioMérieux”
UW Prof Shwetak Patel’s Energy Startup, Zensi, Bought by Belkin
Zensi, an energy monitoring startup co-founded by University of Washington assistant professor Shwetak Patel, has been acquired by Belkin, the computer hardware and wireless company based in the Los Angeles area. Financial terms of the cash deal weren’t given. The news was reported earlier today by CNET. Patel co-founded Zensi in 2008 while he was … Continue reading “UW Prof Shwetak Patel’s Energy Startup, Zensi, Bought by Belkin”
Christoph Westphal Resigns as Sirtris CEO, Takes Over Glaxo’s SR One Venture Arm
Christoph Westphal is leaving his CEO job at Sirtris Pharmaceuticals, the Cambridge, MA-based developer of drugs that target genes linked to the aging process, to get back into the venture capital game, according to an e-mail Westphal sent to friends and colleagues as well as Xconomy. Westphal says in his note that he is taking … Continue reading “Christoph Westphal Resigns as Sirtris CEO, Takes Over Glaxo’s SR One Venture Arm”
VCs Add $10M to Imagine Communications
Digital video developer Imagine Communications, a five-year-old startup based in San Diego with R&D operations in Israel, says it has raised $10 million in a Series C round of venture funding from Columbia Capital, Carmel Ventures, and Court Square Ventures—all existing investors. The company, which has now raised more than $34 million, says the new … Continue reading “VCs Add $10M to Imagine Communications”
Bill Gates Pushes His Foundation’s Health, Education, Energy Agenda at MIT—Podcast and Report
Microsoft founder and chairman Bill Gates visited MIT today as part of his College Tour, a three-day trip to universities across the United States. In his talk, Gates emphasized the importance of getting more bright young people to innovate in critical areas such as global health, education, and energy—all areas where the Bill and Melinda … Continue reading “Bill Gates Pushes His Foundation’s Health, Education, Energy Agenda at MIT—Podcast and Report”
The Xconomists Reach Out to Detroit
One of Xconomy’s unique strengths is our network of Xconomists, leaders in the worlds of innovation and entrepreneurship who have accepted our invitation to act as occasional guest bloggers, story sources, and informal editorial advisers. We’re proud to count 61 Xconomists in Boston (our original home base), 50 in Seattle, 42 in San Diego, and … Continue reading “The Xconomists Reach Out to Detroit”
AVI Biopharma Ousts CEO Les Hudson in Boardroom Coup
[Update: 11 am Pacific] AVI Biopharma CEO Les Hudson has been ousted as part of a boardroom shakeup. The Bothell, WA-based biotech company (NASDAQ: [[ticker:AVII]]) said today that chief financial officer David Boyle will take his place as interim president and CEO through an agreement with activist shareholders. AVI Biopharma director K. Michael Forrest is … Continue reading “AVI Biopharma Ousts CEO Les Hudson in Boardroom Coup”
Qualtré Closes $8M Series B Round
Qualtré, a maker of motion sensors for consumer electronics such as cellular handsets, navigation devices, and gaming controllers, has closed an $8 million Series B round of funding, the Marlborough, MA-based company announced today. Matrix Partners and Pilot House Ventures participated in the round, which will go to product development, sales, and operations, and brings … Continue reading “Qualtré Closes $8M Series B Round”
Sylvia Pagán Westphal Takes the Pulse of Life Sciences for Xconomy
One of the things I’ve always enjoyed about technology journalism is how cozy a niche it is. There just aren’t than many folks who can geek out with the lab dwellers, put the hard questions to the executives, and get it all down on the page, on a deadline–so it often feels like if you … Continue reading “Sylvia Pagán Westphal Takes the Pulse of Life Sciences for Xconomy”
Zipcar Acquires UK’s Streetcar
Cambridge, MA-based car-sharing company Zipcar announced it has acquired Streetcar, a U.K.-based car club that operates under a similar model. Zipcar chairman and CEO Scott Griffith said in the company statement that “when considered along with our investment in the largest car sharing company in Spain in late 2009, this transaction gives us a very … Continue reading “Zipcar Acquires UK’s Streetcar”
Report: Google Courting ITA
ITA Software, the Cambridge, MA-based maker of airline fare search software, is in talks with Google about a potential acquisition, Bloomberg reported this morning. ITA, whose investors include General Catalyst Partners, Battery Ventures, Spectrum Equity, PAR Investment Partners, and Sequoia Capital, is seeking as much as $1 billion, according to the Bloomberg report, which cited unnamed … Continue reading “Report: Google Courting ITA”
A Tangled Web of Self-Interest
Boy, it’s good to be here, invading a tiny corner of cyberspace as the new life sciences columnist for Xconomy. It is a journalist’s dream to be given free rein, and unlimited real estate, to write about the subjects she thinks matter. As a newspaper reporter (more about me here) the pressure to keep stories … Continue reading “A Tangled Web of Self-Interest”
Catabasis, Led by Sirtris Vets, Seeks to Fight Diabetes by Controlling Inflammation
One of the big ideas in diabetes research today is that inflammation is one of the major culprits. Tamp down inflammation, and maybe you can reduce the assault on blood vessels that leads to all sorts of complications like heart attacks, blindness, and amputations. If this can be proven over time, Cambridge, MA-based Catabasis Pharmaceuticals … Continue reading “Catabasis, Led by Sirtris Vets, Seeks to Fight Diabetes by Controlling Inflammation”
HemaQuest Pockets Full $12M to Treat Sickle Cell and Other Blood Disorders
Seattle-based HemaQuest Pharmaceuticals has nailed down a full Series B round of financing worth $12 million, according to a company statement. This means HemaQuest has secured a second installment of $6 million, after grabbing the first chunk of cash in late January, which we first reported based on a regulatory filing. The complete deal is … Continue reading “HemaQuest Pockets Full $12M to Treat Sickle Cell and Other Blood Disorders”
Confident Technologies Makes Its Debut in Restart of Vidoop’s Security Software
Curtis Staker tells me that Portland, OR-based Vidoop had a Web security idea that was just too good to let die. So Staker, a veteran software security executive, helped to acquire Vidoop’s assets in January, moved the software development operation to Solana Beach, CA, near San Diego, and today is launching the reincarnated business as … Continue reading “Confident Technologies Makes Its Debut in Restart of Vidoop’s Security Software”
The Triple Helix Model for Reinvigorating Michigan’s Economy
Michigan is beginning to take a more enlightened approach to economic development, with a stronger level of cooperation between academia, industry and government. It is now recognized that each of these constituencies has a vital role to play in rebuilding and sustaining a robust, knowledge-based economic model. Mr. Lennart Johansson, the Swedish Consul General to … Continue reading “The Triple Helix Model for Reinvigorating Michigan’s Economy”
Signature Genomic Gets Sold for $90M, DreamBox Bought by Netflix CEO, The $7M Madrona Man, & More Seattle-Area Deals News
A very wide range of deals were done this week in the Northwest, ranging from small tech partnerships and fundings to a large biotech acquisition. Methinks the action will pick up in the next month before summertime. —Bellevue, WA-based DreamBox Learning, an online math education startup, has been acquired by Netflix CEO Reed Hastings and … Continue reading “Signature Genomic Gets Sold for $90M, DreamBox Bought by Netflix CEO, The $7M Madrona Man, & More Seattle-Area Deals News”
Invest in the Convergence of Life Sciences, Engineering, Physical Sciences, and IT
Developing the economy of Detroit and surrounding areas is going to take some significant time. Thus, some entrepreneurs and innovators need to take the long view by engaging with the research universities, institutions and medical centers to develop people and new innovations for the future. This would include working with leaders of these institutions to … Continue reading “Invest in the Convergence of Life Sciences, Engineering, Physical Sciences, and IT”
Auto Battery Developer Sakti3 Gets $7M in Series B Funds; Company Stays Low Key
When I last met Ann Marie Sastry, she was shivering in the cold, leaky basement of Detroit’s Cobo Hall at January’s auto show, talking about how her company, Ann Arbor, MI-based automotive lithium-ion battery developer Sakti3, was eventually going to power the cars upstairs on the main show’s “Electric Avenue.” Now her company is closer … Continue reading “Auto Battery Developer Sakti3 Gets $7M in Series B Funds; Company Stays Low Key”
Oracle Acquires Phase Forward, Diax Collects Up to $12M from Paul Capital, Agios Gets $130M from Celgene, & More Boston-Area Deals News
Acquisitions, partnership agreements, and early round financing for some stealthy operations made it a busy deals news week for us. —Third Rock Ventures, a Boston firm focused on investments in life sciences companies, plans to raise $400 million for its second fund, according to an SEC filing. The firm closed its first fund, with $378 … Continue reading “Oracle Acquires Phase Forward, Diax Collects Up to $12M from Paul Capital, Agios Gets $130M from Celgene, & More Boston-Area Deals News”
Knome Receives $5,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=eae3af8f-8e5e-4922-8c41-f437a851f135&Preview=1 Date 4/21/2010 Company Name Knome Mailing Address 1 Main Street Cambridge, MA 02142 Company Description Knome provides whole genome sequencing and analysis services to biomedical researchers and motivated families seeking to understand the genetic underpinnings of human disease. Led by internationally recognized scientists, clinicians and bioinformaticians, Knome has been responsible for … Continue reading “Knome Receives $5,000,000 New Funding”
Catabasis Pharmaceuticals Receives $39,600,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=185dbbe5-4be9-40ad-9eb9-d66080961dcc&Preview=1 Date 4/21/2010 Company Name Catabasis Pharmaceuticals Mailing Address 161 1st St. Cambridge, MA 02142 Company Description At Catabasis we are dedicated to the discovery and development of innovative, effective and safe medicines to treat inflammatory and metabolic diseases. We have assembled a team of highly motivated and experienced scientists who are … Continue reading “Catabasis Pharmaceuticals Receives $39,600,000 Series A Funding”
Media Temple Obtains $15,000,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=46f726fe-f80a-4c09-9c69-aae0a10122bd&Preview=1 Date 4/21/2010 Company Name Media Temple Mailing Address 8520 National Blvd Bldg A Culver City, CA 90232 Company Description Media Temple, Inc. is an industry-leading, privately held, profitable web hosting and software application services company based in California. Since 1998, our company has provided businesses worldwide with reliable, professional-class network environments … Continue reading “Media Temple Obtains $15,000,000 New Funding Round”
LeadForce1 Obtains $1,600,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5b6b9b3f-855a-4be4-8a77-36c77ae488a7&Preview=1 Date 4/21/2010 Company Name LeadForce1 Mailing Address 2975 Bowers Avenue Santa Clara, CA 95051 Company Description LeadForce1 is the leader in next-generation marketing automation, known as Marketing Automation 2.0. LeadForce1 delivers a game-changing real-time marketing automation solution for enterprises that converts anonymous online visits into qualified sales leads, determines website visitor … Continue reading “LeadForce1 Obtains $1,600,000 New Funding”
Voxify Garners $8,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6aca886b-c841-44c7-9f24-675f5929759c&Preview=1 Date 4/21/2010 Company Name Voxify Mailing Address 1151 Marina Village Parkway Alameda, CA 94501 Company Description Voxify develops and hosts speech self-service solutions that improve business performance and reduces customer service costs. Website http://www.voxify.com Transaction Type Venture Equity Transaction Amount $8,000,000 Transaction Round Undisclosed Proceeds Purposes The funding will be used … Continue reading “Voxify Garners $8,000,000 New Financing”
Voxify Garners $8,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=53ed62f3-3a99-474e-85f9-73a6d8621266&Preview=1 Date 4/21/2010 Company Name Voxify Mailing Address 1151 Marina Village Parkway Alameda, CA 94501 Company Description Voxify develops and hosts speech self-service solutions that improve business performance and reduces customer service costs. Website http://www.voxify.com Transaction Type Venture Equity Transaction Amount $8,000,000 Transaction Round Undisclosed Proceeds Purposes As Voxify continues on a … Continue reading “Voxify Garners $8,000,000 New Round”
Salesforce.com Acquires Jigsaw Data Corporation for $142,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ff3722f4-2636-490e-b155-19c36383286b&Preview=1 Date 4/21/2010 Company Name Jigsaw Data Corporation Mailing Address Two Waters Park Drive San Mateo, CA 94403 Company Description Jigsaw is an online marketplace where people buy, sell and trade business contact information. The Jigsaw marketplace offers members access to a database of corporate contact information that increases efficiency by shortening … Continue reading “Salesforce.com Acquires Jigsaw Data Corporation for $142,000,000”
Zerista Secures New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d51b62eb-2357-474e-acca-3ff6b64e3541&Preview=1 Date 4/21/2010 Company Name Zerista Mailing Address 1900 Wazee St. Denver, CO 80206 Company Description Our vision is to be the leading mobile community platform by letting you easily turn your group, team or organization into a thriving mobile community. Until Zerista, community managers have had to use a wide range … Continue reading “Zerista Secures New Funding Round”
Macheen Obtains $2,750,000 Series A Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e351d4e0-c94a-47d7-973b-cc69ee6365f1&Preview=1 Date 4/21/2010 Company Name Macheen Mailing Address 9500 Arboretum Blvd. Austin, TX 78759 Company Description Macheen manages the complexity to enable device makers and retailers to ship devices with the Internet included, anywhere. Device makers and retailers brand the services and gain profitable, recurring revenue. Our comprehensive, end-to-end solution is built … Continue reading “Macheen Obtains $2,750,000 Series A Round”
MITEF: Northwest Startup DEMO
Info and registration here. The MIT Enterprise Forum’s “Northwest Startup DEMO” series biannually brings together entrepreneurs from across the Pacific Northwest (US and Canada) to showcase their exciting new products and services. The event is held in partnership with all six of the area’s angel investor organizations. It is open to the public. If you’re … Continue reading “MITEF: Northwest Startup DEMO”
MITEF Keynote: Jeff Taylor
Info and registration here. Join us on May 27th to hear Jeff Taylor, Founder and former CEO of Monster.com! Recognized as an innovator and visionary in both the Internet and career industries, Jeff reinvented the way job hunters seek employment. His monster idea conceived at the dawn of the World Wide Web quickly became one … Continue reading “MITEF Keynote: Jeff Taylor”
Technology Alliance: Innovation Showcase
Info and registration here. The Innovation Showcase helps bridge the gap between research and commercialization by highlighting the most promising discoveries and new technologies ready for commercialization in Washington, and promotes the networking and idea sharing that helps turn research into results. Our audience includes the top tier of our state’s business community interested in … Continue reading “Technology Alliance: Innovation Showcase”
Partovis to Step Down at MySpace
Ali Partovi and Hadi Partovi, co-founders of Seattle-based social music startup iLike, are stepping down from their senior executive positions at MySpace. The news was reported by All Things Digital, TechCrunch, and other outlets. MySpace acquired iLike last August, and the Partovis were promoted to senior vice president roles under MySpace CEO Owen Van Natta. … Continue reading “Partovis to Step Down at MySpace”
One Studio to Rule Them All: Warner Bros. Buys Turbine, Secures All Rights to Tolkien Games
The Burbank, CA-based Home Entertainment Group of Warner Bros. Interactive Entertainment, a unit of media giant Time Warner (NYSE: [[ticker:TWX]]), has purchased Westwood, MA-based online game maker Turbine. The companies announced the deal after markets closed tonight. Turbine is best known for its massively multiplayer online (MMO) game world Lord of the Rings Online, based … Continue reading “One Studio to Rule Them All: Warner Bros. Buys Turbine, Secures All Rights to Tolkien Games”
Phenomix Diabetes Drug Dumped by Forest Labs, After Hitting Clinical Trial Goals
[Correction: 4:40 pm Pacific 4/21/10] The folks at San Diego-based Phenomix are wrestling with some serious cognitive dissonance today, which is a fancy way of saying they got some serious bad news mixed in with some good news. First, the bad news. Phenomix’s U.S. partner, New York-based Forest Laboratories (NYSE: [[ticker:FRX]]), said today in its … Continue reading “Phenomix Diabetes Drug Dumped by Forest Labs, After Hitting Clinical Trial Goals”
DreamBox Learning Bought by Netflix CEO (and Microsoft Board Member) Reed Hastings and Charter Fund—Some More Context
Score one for online education. Bellevue, WA-based DreamBox Learning announced today it has been acquired by Netflix CEO Reed Hastings and the Charter Fund, a nonprofit venture firm. The price was not disclosed, but the deal includes a new investment of $10 million in the company, which will be used to advance DreamBox’s e-learning technology, … Continue reading “DreamBox Learning Bought by Netflix CEO (and Microsoft Board Member) Reed Hastings and Charter Fund—Some More Context”
Aeroflex/INMET Pledges 47 New Jobs
Aeroflex/INMET, a Scio Township, MI- based affiliate of Aeroflex, announced today that it will use state-approved tax credits to move jobs from its affiliated New Jersey facility to the Michigan site. Aeroflex/INMET says it will create 47 new jobs in the Ann Arbor, MI area over the next five years and spend more than $3 … Continue reading “Aeroflex/INMET Pledges 47 New Jobs”