Hologic Buys TCT International

Hologic (NASDAQ: [[ticker:HOLX]]), a Bedford, MA-based developer of diagnostic and medical imaging devices, announced today that it has bought Beijing-based TCT International for $135 million in cash, with $35 million of that deferred for one year, plus a two-year contingent earn out. TCT is a distributor of medical products and instruments in China, including Hologic’s … Continue reading “Hologic Buys TCT International”

Rock Health, A New Incubator for Healthcare IT Startups, Names Its First Class

The summer after her first year at Harvard Business School, Halle Tecco got an internship at Apple in Cupertino, CA, helping to evaluate mobile apps for the health and medical category of the iTunes App Store. “I was on the phone all day with big hospitals and healthcare organizations who didn’t put the love into … Continue reading “Rock Health, A New Incubator for Healthcare IT Startups, Names Its First Class”

Lumicell Takes in $2.7M

Lumicell Diagnostics, a Waltham, MA-based developer of a device enabling doctors to check tumor sites for remaining cancer cells after surgeries, has brought in $2.7 million in equity-based funding, an SEC filing shows. Waltham-based Kodiak Venture Partners lists Lumicell as one of its portfolio companies on its website. The new funding comes from four investors, … Continue reading “Lumicell Takes in $2.7M”

NeuroHealing Repurposes Drugs, Resulting in Potential New Remedies For CNS Disorders

NeuroHealing Pharmaceuticals was founded in 2004 with an unusual mission and out-of-the-box business model. It scours the vast world of approved drugs for molecules that can be reformulated and then repositioned as therapies to treat diseases of the central nervous system. And it does so with only four full-time employees, because NeuroHealing is a “virtual” … Continue reading “NeuroHealing Repurposes Drugs, Resulting in Potential New Remedies For CNS Disorders”

Theravance, Glaxo Lung Drug Passes Two Pivotal Trials; Two More to Go

GlaxoSmithKline is counting on a new respiratory drug it is developing with South San Francisco-based Theravance, and today the companies got some good news about the treatment. Glaxo and Theravance (NASDAQ: [[ticker:THRX]]) said today that its once-daily inhaled corticosteroid combined with a long-acting beta agonist (Relovair) passed a pair of pivotal stage studies looking at … Continue reading “Theravance, Glaxo Lung Drug Passes Two Pivotal Trials; Two More to Go”

FDA Approves Optimer Antibiotic, Amylin Wins Legal Round Against Lilly, Investors Excited by Orexigen Move, & More San Diego Life Sciences News

The long Memorial Day weekend made for a short roundup of life sciences news this week. So we’ll be brief. —The FDA approved Optimer Pharmaceuticals‘ drug application for fidaxomicin (Dificid) as a new treatment for the nasty intestinal infection caused by the Clostridium difficile bacterium. Optimer says its treatment cures patients about 90 percent of … Continue reading “FDA Approves Optimer Antibiotic, Amylin Wins Legal Round Against Lilly, Investors Excited by Orexigen Move, & More San Diego Life Sciences News”

Facebook, Google & Beyond: Rand Fishkin of SEOmoz & Ben Elowitz of Wetpaint Debate the Future of Information and Relationships

Among the “Gang of Four” tech giants that Google Chairman Eric Schmidt says are driving consumer technology innovation, two iconic companies—Google and Facebook—are battling for an important title: Who will dominate the means of accessing, sorting, and connecting to the Internet’s flood of information. With Facebook on the rise, and Google’s self-professed stumbles in seizing … Continue reading “Facebook, Google & Beyond: Rand Fishkin of SEOmoz & Ben Elowitz of Wetpaint Debate the Future of Information and Relationships”

OneStop Singles, Small but Profitable, Flirts for Attention in Crowded Online Dating Industry

Standing out in New York can be a challenge for a young company—especially one serving the singles scene. The “been there, done that” attitude is difficult to overcome in Manhattan when pushing a dating website, given the plethora of paid and free services available such as Match.com, eHarmony, OkCupid, and PlentyofFish. While many dating services … Continue reading “OneStop Singles, Small but Profitable, Flirts for Attention in Crowded Online Dating Industry”

AVI Biopharma CEO Chris Garabedian Seeks to Avoid Quick Flip, Build Enduring Drug Company

Chris Garabedian took his first shot at being a CEO last December. Immediately, people thought this was a little bit crazy. Friends wondered, why leave a job as an up-and-coming VP of corporate strategy at a biotech powerhouse like Summit, NJ-based Celgene (NASDAQ: [[ticker:CELG]]) to run an obscure little company like AVI Biopharma (NASDAQ: [[ticker:AVII]])? … Continue reading “AVI Biopharma CEO Chris Garabedian Seeks to Avoid Quick Flip, Build Enduring Drug Company”

PunchTab Raises $850K

PunchTab, a Silicon Valley startup offering an “instant loyalty program” allowing Web businesses to set up point systems that reward frequent customers, said yesterday that it had collected $850,000 in seed funding. The money came from Mohr Davidow Ventures, Embarcadero Ventures, and individual investors Venky Harinarayan, Anand Rajaraman, and Nick Sturiale. PunchTab was founded in … Continue reading “PunchTab Raises $850K”

Infinity Dares to Think Big Against Pancreatic Cancer, Prepares to Show Early Results This Weekend

Infinity Pharmaceuticals’ top execs sometimes get strange looks when they say they are developing a new drug for pancreatic cancer. This, after all, is a wicked malignancy that usually kills patients in just a few months, and has dashed the hopes of many cancer drug developers over the years. Yet Cambridge, MA-based Infinity (NASDAQ: [[ticker:INFI]]) … Continue reading “Infinity Dares to Think Big Against Pancreatic Cancer, Prepares to Show Early Results This Weekend”

An Investor’s Observations on Investing and Company Building in an Emerging Market: India

As a technology venture capitalist, I provide funds to help companies reach their next evolutionary level more quickly, efficiently, and successfully than without my cash. My mandate is to also offer non-cash benefit and support that, one might argue, is even more critical than cash to speed ahead of milestones, competitors, and expectations. In the … Continue reading “An Investor’s Observations on Investing and Company Building in an Emerging Market: India”

Lumicell Diagnostics Garners $2,708,236 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=60c1cbc7-c775-49c0-9c72-6f795ab5b8fd&Preview=1 Date 6/2/2011 Company Name Lumicell Diagnostics Mailing Address 1000 Winter St. Waltham, MA 02451 Company Description The company is developing a medical device that can detect remaining cancer cells after surgery. Website Undisclosed Transaction Type Venture Equity Transaction Amount $2,708,236 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC … Continue reading “Lumicell Diagnostics Garners $2,708,236 New Funding”

UberMedia Secures $5,600,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6297258f-6194-45b5-9ae3-d3a666cc0a52&Preview=1 Date 6/2/2011 Company Name UberMedia Mailing Address 130 W. Union St. Pasadena, CA 91103 Company Description UberMedia is the leading independent developer of applications and web-based services that make it easier for users to find, follow and communicate with others on Twitter and other social media platforms. Website http://www.UberMedia.com Transaction Type … Continue reading “UberMedia Secures $5,600,000 New Funding”

MindFlash Secures $4,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=562a9785-b77a-4b8b-8c6a-3810256e1d5d&Preview=1 Date 6/2/2011 Company Name MindFlash Mailing Address 2825 El Camino Real Palo Alto, CA 94306 Company Description The company has created a website and service that allows companies to manage their entire training process online. Website http://www.mindflash.com Transaction Type Venture Equity Transaction Amount $4,000,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes … Continue reading “MindFlash Secures $4,000,000 New Funding”

Miramar Labs Lands $35,846,047 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=00ec32dc-017b-4291-963f-ce2885d7c583&Preview=1 Date 6/2/2011 Company Name Miramar Labs Mailing Address 445 Indio Way Sunnyvale, CA 94085 Company Description Miramar Labs has developed the revolutionary miraDry treatment: a new treatment designed to provide a lasting solution for those suffering from excessive underarm sweating. Website http://www.miramarlabs.com Transaction Type Venture Equity Transaction Amount $35,846,047 Transaction Round … Continue reading “Miramar Labs Lands $35,846,047 New Financing”

Ad Summos Receives $1,500,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8abbd2f1-319f-46a1-80e8-c564091f0b89&Preview=1 Date 6/2/2011 Company Name Ad Summos Mailing Address 307 7th Ave. New York, NY 10001 Company Description We’re working to bring you the next generation solution for effective online advertising and will provide updates as we progress. Website http://www.adsummos.com Transaction Type Debt Transaction Amount $1,500,000 Transaction Round Undisclosed Proceeds Purposes Proceeds … Continue reading “Ad Summos Receives $1,500,000 New Financing Round”

Marrone Bio Innovations Obtains $25,400,000 Series C Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=51cc1ba3-e997-437d-a61c-3f0d246ce4b7&Preview=1 Date 6/2/2011 Company Name Marrone Bio Innovations Mailing Address 2121 Second St. Davis, CA 95618 Company Description Marrone Bio Innovations discovers and develops effective natural products that fill unmet market needs for weed and pest management. Website http://www.marronebioinnovations.com Transaction Type Venture Equity Transaction Amount $25,400,000 Transaction Round Series C Proceeds Purposes … Continue reading “Marrone Bio Innovations Obtains $25,400,000 Series C Financing”

Altruik Garners $2,800,000 Series B Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=9db2a3b5-69f7-40a7-8821-ed1d55dc2ad3&Preview=1 Date 6/2/2011 Company Name Altruik Mailing Address 1359 Broadway New York, NY 10018 Company Description Altruik is a Search Engine Optimization technology innovator. The company’s patent-pending technology ensures that search engine crawlers and bots are able to see and index the hidden data contained in database-driven websites. Website http://www.altruik.com Transaction Type … Continue reading “Altruik Garners $2,800,000 Series B Financing Round”

Portalarium Obtains Series B Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2a2da9c3-1c84-4697-9417-c5a6f4119d65&Preview=1 Date 6/2/2011 Company Name Portalarium Mailing Address 7400 Coldwater Canyon Dr. Austin, TX 78730 Company Description Portalarium is developing and publishing premium online games and virtual worlds for popular social networks and mobile platforms. Portalarium games maximize the fun and social play experience between friends, making it is easy to find … Continue reading “Portalarium Obtains Series B Funding Round”

USD Names Lawyer Stephen Ferruolo as Law School Dean

The University of San Diego today named San Diego lawyer (and Xconomist) Stephen Ferruolo as dean of its law school. Ferrulo has served as chairman of the San Diego office of the Goodwin Procter law firm since 2007, when the international firm set up shop here, and was a partner in the firm’s business law … Continue reading “USD Names Lawyer Stephen Ferruolo as Law School Dean”

LED Lighting And Video Game Pioneer Peter Hochstein Dies At Age 65

Relume Technologies founder Peter Hochstein, a pioneer in LED outdoor lighting and multi-player video game technology, unexpectedly died of natural causes over Memorial Day weekend. He was 65 years old. Hochstein, who served as Relume’s president, board director, and chief technology officer, passed away at his home in Troy, MI, Relume said in a statement. … Continue reading “LED Lighting And Video Game Pioneer Peter Hochstein Dies At Age 65”

Qualcomm Going Hollywood in Bid to Expand Mobile Content

Qualcomm (NASDAQ: [[ticker:QCOM]]), lifted the curtain today on a new partnership with Hollywood’s powerful Creative Artists Agency, setting the stage for a new generation of mobile apps that can take advantage of CAA’s portfolio of movie stars, athletes, musicians, and video games. Qualcomm chairman and CEO Paul Jacobs revealed the new partnership today at Uplinq, … Continue reading “Qualcomm Going Hollywood in Bid to Expand Mobile Content”

Sun Catalytix Hires New CEO, Formerly of LumenZ

Sun Catalytix, a Cambridge, MA-based energy storage and renewable fuels startup, said today it has added Mike Decelle as its new president and chief executive. Decelle is a photonics industry veteran who was mostly recently CEO of LumenZ, a Boston-based LED technology company that was reported by the Boston Globe to be shut down earlier … Continue reading “Sun Catalytix Hires New CEO, Formerly of LumenZ”

With California Deals Heating Up, Polaris Venture Partners to Open Palo Alto Office

Polaris Venture Partners is significantly increasing its presence in California, where roughly one-third of its active portfolio companies are now based, and plans to soon open an office in Palo Alto, in the heart of Silicon Valley, Xconomy has learned. Polaris general partner Dave Barrett says the firm is still looking at space and so … Continue reading “With California Deals Heating Up, Polaris Venture Partners to Open Palo Alto Office”

Today’s XSITEing Opportunity: Galaxy Tab 10.1 Giveaway

As if there weren’t already enough reasons to be looking forward to the June 16 Xconomy Summit on Innovation, Technology, and Entrepreneurship, today we’re adding a thin, shiny reason with HD video and front and rear cameras. We’re going to throw the names of the first 50 folks to register in June for XSITE 2011 into … Continue reading “Today’s XSITEing Opportunity: Galaxy Tab 10.1 Giveaway”

ValueAppeal Adds $1.6M

Seattle-based ValueAppeal, an online service that helps homeowners challenge their property tax bills, has added $1.6 million in financing. The startup had raised two rounds totaling about $1.5 million last year, mostly from angel investors. ValueAppeal says the new money is mostly from existing investors, but they weren’t named. Founder and CEO Charlie Walsh says the fresh … Continue reading “ValueAppeal Adds $1.6M”

Tippr Grabs Sales & Tech Talent in DealPop Acquisition, Continuing Daily Deals Dogfight for Third Place

[Updated at 11:40 am with Groupon/Expedia news] When was the last time a contest for third place was so action-packed? Riding the skyrocketing valuations of online coupon dealers Groupon and Living Social, startups like Seattle’s Tippr and New York-based BuyWithMe have been engaging in some hand-to-hand combat for growth. Today, Tippr makes another move with … Continue reading “Tippr Grabs Sales & Tech Talent in DealPop Acquisition, Continuing Daily Deals Dogfight for Third Place”

Somaxon Fighting Fresh Challenge from Generic Drug-Makers

San Diego’s Somaxon Pharmaceuticals, which overcame setbacks before winning FDA approval for its insomnia drug last year, is now facing some stiff new challenges, according to an interesting story by Keith Darcé of The San Diego Union-Tribune. As we explained last year, Somaxon already was facing stiff competition from over-the-counter sleeping aids and other generics … Continue reading “Somaxon Fighting Fresh Challenge from Generic Drug-Makers”

Convore, Rebooting IRC, Brings Group Chat Into the Social Media Era

Eighth in a series of profiles of Y Combinator Winter 2011 startups. In an article last year called “10 Old Tech Ideas That Are New Again,” my colleague Greg Huang listed concepts such as group-buying sites and e-book readers that had their first tentative flowering back in the dot-com era or earlier and are now making … Continue reading “Convore, Rebooting IRC, Brings Group Chat Into the Social Media Era”

Ziptr Snaps Up $6.8M

Burlington, MA-based software startup Ziptr has brought in $6.8 million in equity financing from 26 investors, an SEC filing shows. Ziptr’s website says that its software, which is in its beta version, is focused on privacy and compliance for businesses. Last October the company raised $1.5 million in a debt financing from 25 investors.

San Diego’s PowerGenix Engineers a New Strategy for Nickel-Zinc Battery

Dan Squiller concedes that the rechargeable lithium-ion battery has become the dominant power source for electricity-hungry technologies that include everything from laptop computers to electric vehicles. But he contends lithium-ion batteries have some drawbacks too—they’re expensive, potentially flammable, and difficult to recycle. As the CEO at San Diego’s PowerGenix, Squiller also maintains that there is … Continue reading “San Diego’s PowerGenix Engineers a New Strategy for Nickel-Zinc Battery”

New York Area Companies Head to ASCO With High Hopes For Future Cancer Blockbusters

[Corrected 6/3/11, 7 a.m. See below.] This weekend, the pharmaceutical industry will descend on Chicago for the annual meeting of the American Society of Clinical Oncology (ASCO). The show provides an opportunity for drug companies to impress physicians and investors with data on cancer drugs they’re developing, as well as those that are already on the … Continue reading “New York Area Companies Head to ASCO With High Hopes For Future Cancer Blockbusters”

Trinity Leads $10M Investment in Act-On Software, Helping Oregon-Based Digital Marketing Company Fuel International Growth

[Updated 4:45 pm to correct headline, copy reflecting Trinity as lead investor. Previous information provided by company spokesperson was incorrect.] Well, that was quick. Act-On Software, a Beaverton, OR-based online marketing company, has raised a $10 million financing round led by Trinity Ventures at what founder and CEO Raghu Raghavan calls “a substantial step up in … Continue reading “Trinity Leads $10M Investment in Act-On Software, Helping Oregon-Based Digital Marketing Company Fuel International Growth”

Dossia Partners With Health Language To Offer Electronic Medical Records in Plain English

The non-profit consortium Dossia has branded itself as a provider of digital health records focused on ease of use for the consumer. The organization got started in 2006 to offer the Web-based records to employees at its member companies—like BP America, Intel, Pitney Bowes, and Wal-Mart—and has racked up plenty of data on patients’ doctors … Continue reading “Dossia Partners With Health Language To Offer Electronic Medical Records in Plain English”

Excelimmune Grabs $10.5M, Aveo Gets $15M In J&J Deal, Myriant Aims for $125M IPO, & More Boston-Area Deals News

Boston tech and life sciences companies kept busy even through the holiday weekend with partnership, IPO, and financing news. —Proteostasis Therapeutics of Cambridge, MA, received an initial payment of $20 million from Elan to develop traditional small molecule drugs and diagnostics against neurodegenerative diseases like Parkinson’s, Huntington’s, and multiple sclerosis. The partnership could also include … Continue reading “Excelimmune Grabs $10.5M, Aveo Gets $15M In J&J Deal, Myriant Aims for $125M IPO, & More Boston-Area Deals News”

SensAble Receives $2,662,517 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=96b74cb2-8e0d-4c56-84d6-2c236086b2a7&Preview=1 Date 6/1/2011 Company Name SensAble Mailing Address 15 Constitution Way Woburn, MA 01801 Company Description Founded in 1993, SensAble Technologies is a leading developer of 3D touch-enabled (force feedback) solutions and technology that allow users to not only see and hear an on-screen computer application, but to actually ‘feel’ it. The … Continue reading “SensAble Receives $2,662,517 New Funding Round”

Ziptr Receives $6,837,806 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=aa5265af-0cfa-4292-ba67-31931b362b0e&Preview=1 Date 6/1/2011 Company Name Ziptr Mailing Address 128 Wheeler Rd. Burlington, MA 01803 Company Description The company is developing a service to replace multiple passwords and accounts with a single secure digital repository and secure messaging service. Website http://www.Ziptr.com Transaction Type Venture Equity Transaction Amount $6,837,806 Transaction Round Undisclosed Proceeds Purposes … Continue reading “Ziptr Receives $6,837,806 New Financing Round”

Act-On Software Garners $10,000,000 Series C Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3f187717-7806-4436-b118-d69449169433&Preview=1 Date 6/1/2011 Company Name Act-On Software Mailing Address 4905 SW Griffith Drive Beaverton, OR 97005 Company Description We provide a next-generation communication and collaboration service that transforms business e-mail into a true 24/7 prospect and customer interaction service. Website http://www.actonsoftware.com Transaction Type Venture Equity Transaction Amount $10,000,000 Transaction Round Series C … Continue reading “Act-On Software Garners $10,000,000 Series C Financing”

PunchTab Obtains $850,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=52aef96d-da6d-43fd-b3e6-d62364e6110e&Preview=1 Date 6/1/2011 Company Name PunchTab Mailing Address Undisclosed Redwood City, CA 94061 Company Description Using PunchTab publishers, retailers and application vendors can deploy a tightly integrated reward program to their users in minutes with no development or marketing costs. Consumers can immediately authenticate through popular social networks and start earning loyalty … Continue reading “PunchTab Obtains $850,000 New Funding Round”

Amazon Open House

Check out one of Amazon.com’s newly opened South Lake Union buildings, hear from Distinguished Engineer James Hamilton, and network with teams including Amazon Web Services, Amazon Appstore for Android and Amazon Instant Video. Drinks and appetizers served. Open to the public, RSVP here.

Growing Cleantech Businesses

The Washington Clean Technology Alliance and Pacific Northwest Cleantech Open present this half-day conference, including segments on transforming legacy industries, nuclear power after the Fukushima meltdown, and the Cleantech Open semifinalists. Tickets and more information here.

Massachusetts Life Sciences Innovation Day 2011

The fourth annual Massachusetts Life Sciences Innovation Day is build around the theme of “Building Biotech Backward”—looking at the issues a successful company could face in 10 years and exploring how that could influence its ideas today. It aims to draw academics, entrepreneurs, and investors in life sciences, so register here to be part of the … Continue reading “Massachusetts Life Sciences Innovation Day 2011”

Heroku, Solazyme, Sparkbuy: The 1-Minute Version of Last Week’s Bay Area BizTech News

Cloud computing was my big theme last week, but we also covered stories about renewable energy, and we brought back a report from the future (the way the Churchill Club sees it, anyway). —I profiled Heroku, the Y Combinator-backed Ruby on Rails platform that was acquired by Salesforce.com last December for $212 million. Co-founder Adam … Continue reading “Heroku, Solazyme, Sparkbuy: The 1-Minute Version of Last Week’s Bay Area BizTech News”

Cleantech Startup Vestaron Raises $445,000 in Series B Financing

Vestaron has raised about $445,000 from the sale of equity, according to SEC documents. Overall, the startup, based in Kalamazoo, MI, is seeking $8 million, the filing says. So far, Vestaron has raised $9 million from investors including Open Prairie Ventures, the Southwest Michigan Life Science Venture Fund, and the Michigan Strategic Fund. These investors … Continue reading “Cleantech Startup Vestaron Raises $445,000 in Series B Financing”

Myriant Technologies Files for $125M IPO

Myriant Technologies, a Quincy, MA-based developer of biochemicals, revealed its intention to raise $125 million in an initial public offering, according to documents filed with the SEC. The company plans to put the proceeds toward completing a plant in Louisiana, as well as working capital, research and development, and general corporate purposes. It reported a … Continue reading “Myriant Technologies Files for $125M IPO”

Novophage Nets $5.7M from Flybridge, Others

Boston-based Novophage has raised $5.7 million in a Series A financing round led by Flybridge Capital Partners. Founder Collective, Boston University, and strategic investors Chevron Technology Ventures and The Kraft Group also participated in the round. The news was first reported by Scott Kirsner of the Boston Globe. Novophage engineers viruses (phages) to combat bacterial … Continue reading “Novophage Nets $5.7M from Flybridge, Others”

Micron, IV Strike Deal

Intellectual Ventures, the Bellevue, WA-based patent firm started by former Microsoft CTO Nathan Myhrvold, is announcing a new two-way intellectual property deal with Boise, ID-based semiconductor maker Micron Technology (NASDAQ:[[ticker:MU]]). Like many licensing deals we see from Intellectual Ventures, this one gives Micron access to IV’s portfolio of “more than 30,000” patents. The second element … Continue reading “Micron, IV Strike Deal”