Micah Kotch, operations director of New York City’s only cleantech incubator, has developed a bit of a complex. The incubator, called NYC ACRE (Accelerator for a Clean & Renewable Economy), is housed within New York University’s better-known technology incubator on Varick Street. Since ACRE started up in July 2009, Kotch has watched a procession of … Continue reading “New York’s ACRE Incubator is Churning Out Cleantech Startups, and Helping Build a New Engine for the City’s Economy”
Gilead Cuts Deal With MicroDose
Gilead Sciences (NASDAQ: [[ticker:GILD]]) said today it has obtained a license from MicroDose Therapeutx to an inhalable small molecule drug for respiratory syncytial virus (RSV). Foster City-based Gilead agreed to make an upfront cash payment, research funding, milestone payments, and royalties on product sales to Monmouth Junction, NJ-based MicroDose. The dollar amount of the deal … Continue reading “Gilead Cuts Deal With MicroDose”
Extension Entertainment Raises Funding for MP3 Browser Tech
New York-based Extension Entertainment raised $750,000 in an equity-based funding round, according to an SEC filing. The company developed an extension for the Chrome browser that allows music lovers to organize, stream, and share MP3 files from any website as they’re browsing the Internet. Extension Entertainment previously raised a $500,000 seed round in 2010 from … Continue reading “Extension Entertainment Raises Funding for MP3 Browser Tech”
Boeing, Alaska Airlines Lead Push for Renewable Aviation Fuel From the Northwest
To borrow a phrase from folks in Texas, the biofuel industry has been “all hat, and no cattle” for quite some time. But that could be changing, as a group of 40 power players in the Northwest, led by Boeing, has coalesced to create what could be the first strategic plan to turn the region … Continue reading “Boeing, Alaska Airlines Lead Push for Renewable Aviation Fuel From the Northwest”
Bluebird Bio Snaps up $30M for Gene Therapies, Adds ARCH Venture to Syndicate
Investors are rewarding Bluebird Bio for wracking up accolades with its experimental gene therapies for serious genetic diseases. The Cambridge, MA-based biotech firm has brought in $30 million in a Series C round of funding, just over year after investors pumped $35 million into the firm in its second-round financing. ARCH Venture Partners joined the … Continue reading “Bluebird Bio Snaps up $30M for Gene Therapies, Adds ARCH Venture to Syndicate”
Sparkbuy Adds Product Selection from Best Buy in Quest to Make Electronics Shopping as Powerful as Online Travel
Another day, another bit of news for Seattle-based online electronics shopping startups. This time, it’s Sparkbuy announcing that it will offer products from Richfield, MN-based Best Buy (NYSE: [[ticker:BBY]]) on its customizable search site, a big addition for a company that’s only been in the public eye for about two weeks. Sparkbuy, which already featured electronics like … Continue reading “Sparkbuy Adds Product Selection from Best Buy in Quest to Make Electronics Shopping as Powerful as Online Travel”
Lebovitz Named as Venture Partner at DFJ Mercury
DFJ Mercury, a Houston-based seed-stage venture firm, has promoted venture advisor Russ Lebovitz to venture partner in San Diego and Houston, according to a report in PE Hub. Lebovitz is the CEO of Marval Biosciences, a DFJ Mercury portfolio company with offices in both Houston and La Jolla, CA, and the founder and chairman of … Continue reading “Lebovitz Named as Venture Partner at DFJ Mercury”
Zipcar Goes Public, PTC Buys MKS, Third Rock Leads $18.3M Series B for Taris, & More Boston-Area Deals News
This week we’ve seen a slew of startup financings and an IPO in the New England area. —Third Rock Ventures became an investor in Taris Biomedical, leading an $18.3 million Series B financing for the MIT spinout. The company will use the money to advance its drug-delivery device, for treating a variety of bladder ailments. … Continue reading “Zipcar Goes Public, PTC Buys MKS, Third Rock Leads $18.3M Series B for Taris, & More Boston-Area Deals News”
bluebird bio Receives $30,000,000 Series C Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1c8f56fb-3102-4b46-a848-33e54811ea66&Preview=1 Date 4/20/2011 Company Name bluebird bio Mailing Address 840 Memorial Drive Cambridge, MA 02139 Company Description bluebird bio is developing innovative gene therapies for severe genetic disorders. At the heart of bluebird bio’s product creation efforts is its broadly applicable gene therapy platform for the development of novel treatments for diseases … Continue reading “bluebird bio Receives $30,000,000 Series C Financing Round”
Link Medicine Garners $4,808,500 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=689da634-c6b5-4881-a50c-c92682222162&Preview=1 Date 4/20/2011 Company Name Link Medicine Mailing Address 161 First Street Cambridge, MA 02142 Company Description Link Medicine Corporation is focused on utilizing innovative mechanisms to identify and develop disease-modifying neurodegenerative therapies for patients. Website http://www.linkmedicine.com Transaction Type Debt Transaction Amount $4,808,500 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not … Continue reading “Link Medicine Garners $4,808,500 New Funding Round”
eBay Acquires Where for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2329e564-4b3c-4f4d-90aa-f58bdb347362&Preview=1 Date 4/20/2011 Company Name Where Mailing Address 60 Canal Street 2nd Floor Boston, MA 02114 Company Description Where is North America’s leading publisher of mobile location services. Our cross-carrier location platform enables the rapid deployment of innovative handset and network-based LBS applications. Website http://www.where.com Transaction Type M&A Transaction Amount Undisclosed Transaction … Continue reading “eBay Acquires Where for Undisclosed Sum”
Decide.com Lands $6,000,000 Series B Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a00590b6-b2f3-4e78-8b90-c04ee5cba5c8&Preview=1 Date 4/20/2011 Company Name Decide.com Mailing Address Undisclosed Seattle, WA 98104 Company Description The company is developing a new online shopping service. Website http://www.decide.com Transaction Type Venture Equity Transaction Amount $6,000,000 Transaction Round Series B Proceeds Purposes The company is preparing its online service for launch. M&A Terms Venture Investor Maveron … Continue reading “Decide.com Lands $6,000,000 Series B Funding”
Fate Therapeutics Receives $1,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3e04fb64-014e-4b5e-b5c7-17fb520e3ee4&Preview=1 Date 4/20/2011 Company Name Fate Therapeutics Mailing Address 3535 General Atomics Court San Diego, CA 92121 Company Description The company’s revolutionary platform focuses on both regenerative and reprogramming medicine. Fate’s regenerative medicine platform involves developing drugs that awaken adult stem cells in the body to repair damaged cells and tissues. Fate’s … Continue reading “Fate Therapeutics Receives $1,000,000 New Financing”
ScoreBig Secures $14,116,381 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c296770b-aad4-471f-b109-3e20046271ec&Preview=1 Date 4/20/2011 Company Name ScoreBig Mailing Address 1800 N. Highland Ave. Los Angeles, CA 90028 Company Description The company provides unsold ticket liquidation services. Website http://www.scorebig.com Transaction Type Venture Equity Transaction Amount $14,116,381 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture Investor Undisclosed
HipGeo Secures $500,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c4989318-6277-4c9b-9de1-674c69cc37e2&Preview=1 Date 4/20/2011 Company Name HipGeo Mailing Address 1435 N. Harbor Blvd. Fullerton, CA 92835 Company Description HipGeo is a developer of location-aware platforms including smartphone apps, websites and APIs that automatically create a record of the places users go and how they get there. Website http://www.hipgeo.com Transaction Type Venture Equity Transaction … Continue reading “HipGeo Secures $500,000 New Funding Round”
Sangart Garners $50,000,000 New Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6e870e93-7f7a-45cd-b783-c47d6c2be15b&Preview=1 Date 4/20/2011 Company Name Sangart Mailing Address 6175 Lusk Blvd San Diego, CA 92121 Company Description Sangart, Inc. is a biopharmaceutical company focused on the research, development and commercialization of oxygen transport agents. Website http://www.sangart.com Transaction Type Venture Equity Transaction Amount $50,000,000 Transaction Round Undisclosed Proceeds Purposes This series G funding … Continue reading “Sangart Garners $50,000,000 New Funding”
CrowdOptic Receives $1,000,000 Series A Funding
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=18dec4bc-fa20-4bec-abf0-208b06e0b64e&Preview=1 Date 4/20/2011 Company Name CrowdOptic Mailing Address 930 Montgomery St. San Francisco, CA 94133 Company Description CrowdOptic lets enterprises and photographers collaborate in real time by simply using an image. Website http://www.CrowdOptic.com Transaction Type Venture Equity Transaction Amount $1,000,000 Transaction Round Series A Proceeds Purposes Proceeds purposes were not disclosed. M&A … Continue reading “CrowdOptic Receives $1,000,000 Series A Funding”
TRIA Beauty Receives $21,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d6c9ae33-3b61-4e16-bd0d-4c76305a567a&Preview=1 Date 4/20/2011 Company Name TRIA Beauty Mailing Address 4160 Dublin Blvd. Dublin, CA 94568 Company Description The TRIA Skin Clarifying System, a 3-step system clinically proven to clear acne breakouts faster than any other leading acne treatment and featuring professional-strength blue light therapy, is launched in the U.S. Website http://www.triabeauty.com Transaction … Continue reading “TRIA Beauty Receives $21,000,000 New Financing”
IO Turbine Obtains $7,750,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b7d76a19-f85d-45a0-a32c-6e57f9b6503e&Preview=1 Date 4/20/2011 Company Name IO Turbine Mailing Address 3031 Tisch Way San Jose, CA 95128 Company Description Our approach makes the most of Flash storage to transparently and significantly accelerate virtualized application performance while lowering costs, complexity and providing outstanding ROI – without sacrificing the benefits that virtualization provides. Website http://www.ioturbine.com … Continue reading “IO Turbine Obtains $7,750,000 New Financing Round”
Aduro BioTech Secures $19,250,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3763e8dd-0a7b-445d-b5ae-bf25bf93d29b&Preview=1 Date 4/20/2011 Company Name Aduro BioTech Mailing Address 626 Bancroft Way Berkeley, CA 94710 Company Description Aduro BioTech is a clinical-stage immunotherapy company with a platform technology for therapeutic and prophylactic vaccines for cancer and infectious diseases. The platform of attenuated and targeted vaccines based on Listeria monocytogenes has been in … Continue reading “Aduro BioTech Secures $19,250,000 Series B Funding Round”
SAY Media Acquires Dogster for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=20ca39f2-20f7-4e00-966b-a6f791a06aae&Preview=1 Date 4/20/2011 Company Name Dogster Mailing Address 555 De Haro Street San Francisco, CA 94107 Company Description The company operates a network of websites for pet owners. Website http://www.dogster.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds Purposes M&A Terms Financial terms of the transaction were not disclosed.
ScanBuy Garners $5,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=31b7199d-1b52-42a4-8ddb-4463b4b5bb20&Preview=1 Date 4/20/2011 Company Name ScanBuy Mailing Address 54 West 39th Street 4th Floor New York, NY 10018 Company Description SCANBUY enables camera phones to capture and immediately decode printed or electronically displayed barcodes. One scan to stream music, watch trailers, download ringtones, access information, and shop with your cell phone. Website … Continue reading “ScanBuy Garners $5,000,000 New Financing Round”
exfm Garners $750,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2c161b71-50c8-4587-8fb3-d6bbb94fa3f8&Preview=1 Date 4/20/2011 Company Name exfm Mailing Address 199 Lafayette St. New York, NY 10012 Company Description exfm is a browser extension for Chrome that turns the entire web into your personal music library. As you browse, ExtensionFM runs in the background indexing every MP3 file you come across, building a music … Continue reading “exfm Garners $750,000 New Financing Round”
MyLife Acquires CitizenLocal.com for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=040cecc9-c084-425f-88b1-2dde3f742abb&Preview=1 Date 4/20/2011 Company Name CitizenLocal.com Mailing Address 2822 Whispering Trail Irvine, CA 92602 Company Description CitizenLocal is a unique collective buying site that features amazing deals on the best stuff to do, see, eat, and buy in your neighborhood. Our Deal Gurus create fresh exciting deals with local businesses that are … Continue reading “MyLife Acquires CitizenLocal.com for Undisclosed Sum”
AngioScore Receives $12,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b4f3d1c7-815d-4d8a-bdb5-59ba97a41b04&Preview=1 Date 4/20/2011 Company Name AngioScore Mailing Address 5055 Brandin Court Fremont, CA 94538 Company Description AngioScore, Inc. develops, makes and sells leading edge tools for endovascular therapy. Our first product, the AngioSculpt Scoring Balloon Catheter, has received CE mark approval and is available for sale in Europe. Clinical trials are underway … Continue reading “AngioScore Receives $12,000,000 New Round”
Humble Bundle Lands $4,475,547 Series A Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dc0839ac-68ee-4a18-8910-b03d369311c3&Preview=1 Date 4/20/2011 Company Name Humble Bundle Mailing Address 5 3rd Street San Francisco, CA 94103 Company Description The company operates a website and service that allows users to name their own price on video games. Website http://www.humblebundle.com Transaction Type Venture Equity Transaction Amount $4,475,547 Transaction Round Series A Proceeds Purposes Proceeds … Continue reading “Humble Bundle Lands $4,475,547 Series A Financing”
Lijit Networks Obtains $10,000,000 Series E Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=341cd669-93df-42fb-ab66-4e3071155788&Preview=1 Date 4/20/2011 Company Name Lijit Networks Mailing Address 1050 Walnut St. Boulder, CO 80302 Company Description The company operates a social networking and blog search service. Website http://www.lijit.com Transaction Type Venture Equity Transaction Amount $10,000,000 Transaction Round Series E Proceeds Purposes The latest round of financing will be used to accelerate … Continue reading “Lijit Networks Obtains $10,000,000 Series E Financing”
The Maker Revolution: From Workbench to Business
Join TechShop and Xconomy for an evening of discussion and presentations focused on putting makers on the pathway to entrepreneurship. In a keynote talk followed by a panel discussion moderated by Xconomy Chief Correspondent and San Francisco Editor Wade Roush, we’ll explore how greater access to tools, software, and other resources is fostering a vibrant creative community and … Continue reading “The Maker Revolution: From Workbench to Business”
Obsessive Lust & Longing on Facebook
The Commonwealth Club presents Ze Frank, Digital Media Visionary, in conversation with Martine Paris, Head of Video Monetization Platform at PlaySpan. From the event description: “When we look at the social habits of the 500 million Facebook users, do we see the obsessive lust and longing of the Puer aeternus—the adolescent narcissist with its primal need for … Continue reading “Obsessive Lust & Longing on Facebook”
Social-Loco
A sequel to last year’s Geo-Loco conference, Social-Loco is about the convergence of the social Web, mobile technology, and local businesses. In the words of the conference organizers, it “has been built from the ground up based on agency, investor, brands, the entrepreneurial community and your feedback. Social-Loco is for you and the buyers and … Continue reading “Social-Loco”
Back For More: Renaissance Venture Capital Funding Arboretum Ventures III
The Renaissance Venture Capital Fund is doubling down on Arboretum Ventures. After already committing $5 million to Arboretum II, Renaissance is helping to bankroll Arboretum’s new $125 million fund, its third since 2002, Renaissance CEO Chris Rizik told Xconomy. Arboretum previously pulled together $73 million and $24 million for its first two funds. The Ann … Continue reading “Back For More: Renaissance Venture Capital Funding Arboretum Ventures III”
Awarepoint Buys Patient Care Technology Systems
San Diego’ Awarepoint, which developed wireless tags and a computerized tracking system to help hospitals and healthcare providers keep track of ventilators and other equipment, has acquired Patient Care Technology Systems, a workflow software developer in Charlotte, N.C. Financial terms of the deal were not disclosed. Awarepoint has installed its asset tracking technology in 93 … Continue reading “Awarepoint Buys Patient Care Technology Systems”
Zillow Files for IPO, PopCap Heading the Same Way, Zynga Beckons Local Talent, & More in the Seattle-Area Tech Roundup
The Seattle tech scene got its first entrant in what looks like a coming wave of initial public offerings when Zillow made its intentions official, filing paperwork with federal regulators Monday for a future stock sale. In its filing, the online real-estate listing and mortgage database said it would seek about $52 million from the stock … Continue reading “Zillow Files for IPO, PopCap Heading the Same Way, Zynga Beckons Local Talent, & More in the Seattle-Area Tech Roundup”
Stealthy Decide.com Lands $6M
Seattle stealth startup Decide.com, which says it’s working on a consumer electronics shopping service, announced a $6 million Series B financing round today. The latest investment was led by Maveron—Starbucks Chairman Howard Schultz’s outfit—along with Madrona Venture Group and angel investors. Decide, led by CEO Mike Fridgen, is also adding some notable names: Dan Levitan … Continue reading “Stealthy Decide.com Lands $6M”
Sangart Gets $50M Infusion for Oxygen-Carrying Blood Adjunct
San Diego-based Sangart, which has been developing an oxygen-carrying compound to counter blood loss in traumatic injuries, says today it has raised more than $50 million in a Series G round of new equity funding. That’s a big deal these days in San Diego, which raised a total of slightly more than $100 million in … Continue reading “Sangart Gets $50M Infusion for Oxygen-Carrying Blood Adjunct”
The Burrill Personalized Medicine Meeting
Burrill & Co. is organizing its 7th annual personalized medicine meeting on Oct. 3-4 at the San Francisco Airport Marriott in Burlingame, CA. For more information on how to register, click here.
Order Your Next Burger on a Tablet Computer from E La Carte
If you’ve got a touchscreen-based tablet computer, odds are you’ve noticed the way it speeds up tasks like managing e-mail. Doctors and other professionals like them too, for browsing or entering information in the workplace. And now the devices are starting to show up in a more surprising setting—your local burger joint. E la Carte, … Continue reading “Order Your Next Burger on a Tablet Computer from E La Carte”
Clearwire, Sprint Settle Wholesale Pricing Dispute with $1B Deal
Troubled 4G wireless network operator Clearwire (NASDAQ: [[ticker:CLWR]]) had some positive news today, reporting that it and majority shareholder Sprint had resolved a dispute over wholesale pricing. Sprint (NYSE: [[ticker:S]]) will pay at least $1 billion over the next two years for use of Clearwire’s service, the companies said in a joint statement. Interim Chief … Continue reading “Clearwire, Sprint Settle Wholesale Pricing Dispute with $1B Deal”
Four Kinds of Startups
Since part of my job at Redstar Ventures is to meet as many entrepreneurs as possible who might want to co-found a startup with us, I’ve swilled plenty of coffee at Voltage and Peet’s swapping ideas with many a bright, passionate, and inventive entrepreneur. Somewhere into my second gallon of cappuccino, I began to notice … Continue reading “Four Kinds of Startups”
The Bob Langer and Polaris Family Tree: From Acusphere to Momenta to Visterra
Seventeen companies in 18 years. That’s about as prolific as any entrepreneur-VC partnership in history. And when you’re talking about an MIT Institute Professor (and his collaborators) and the co-founder of Polaris Venture Partners (and his colleagues), that adds significant weight to the achievement. Earlier this month, Bob Langer from MIT and Terry McGuire from … Continue reading “The Bob Langer and Polaris Family Tree: From Acusphere to Momenta to Visterra”
OutSmart Adds $1.8M in Debt
OutSmart Power Systems, a Natick, MA-based startup developing a network of software and hardware for energy management and monitoring in commercial buildings, has added $1.8 million to a debt-based funding round that could total $4.5 million, according to an amended SEC filing. The company raised $805,000 toward a $1 million debt offering last October. OutSmart … Continue reading “OutSmart Adds $1.8M in Debt”
Adaptly Scores $1.4 Million Funding
New York-based Adaptly, which describes itself on its website as “the easiest way to advertise across the social Web,” has raised $1.4 million of an equity-based funding round that could hit $2 million, according to an SEC filing. Adaptly provides a single technology platform that its clients can use to advertise across multiple social networks, … Continue reading “Adaptly Scores $1.4 Million Funding”
Solar Sell: Soitec CEO Argues Case for its Advanced Solar Technology in San Diego
The French semiconductor manufacturer Soitec generated headlines in San Diego last month when it said it has been working with Tenaska Solar Ventures to develop a 150-megawatt solar plant in the desert east of San Diego—at an estimated cost of $500 million. To support the project Soitec also revealed plans to build a factory somewhere … Continue reading “Solar Sell: Soitec CEO Argues Case for its Advanced Solar Technology in San Diego”
Silk Road Medical Collects $8M
Silk Road Medical, a stealth-mode developer of medical devices for neurovascular conditions in Sunnyvale, CA, has raised $8.2 million in equity-based financing in a round that could reach as high as $41.2 million, according to a regulatory filing. Silk Road was spun off in 20007 by the Vertical Group, a medtech- and biotech-focused venture firm … Continue reading “Silk Road Medical Collects $8M”
Mentors, Coaches, and Teachers
Lots of entrepreneurs believe they want a mentor. In fact, they’re actually asking for a teacher or a coach. A mentor relationship is a two-way street. To make it work, you have to bring something to the party. A Question from the Audience Recently when I was at a conference taking questions from the audience, … Continue reading “Mentors, Coaches, and Teachers”
Genmab Expands SeaGen Alliance
Genmab, the Denmark-based developer of antibody drugs, said today it has formed a second collaboration to use technology from Seattle Genetics (NASDAQ: [[ticker:SGEN]]) that’s designed to make antibodies more potent. Genmab will seek use the “empowered antibody” technology against a target known as CD74, which is found on various blood cancer and solid tumor cells. … Continue reading “Genmab Expands SeaGen Alliance”
Postling, from Etsy.com Veterans, Looks to Manage Social Media for the Non-Tech-Savvy Business Owner
Your average doctor who owns his practice doesn’t exactly have time to monitor Twitter, Facebook, Yelp, YouTube, and blogs all day for comments and reviews on his business, says entrepreneur David Lifson. Yet a busy doctor is just the type of customer that Lifson is targeting with Postling, the startup he co-founded in New York … Continue reading “Postling, from Etsy.com Veterans, Looks to Manage Social Media for the Non-Tech-Savvy Business Owner”
Listia Racks Up $1.75M
San Jose, CA-based Listia, an online swap service that helps users give away things they don’t want in return for credits that they can use to bid on stuff they do want, said today that it has raised $1.75 million from a group of investors led by Andreessen Horowitz. Also contributing to the round were … Continue reading “Listia Racks Up $1.75M”
Acorda Issued Patent on MS Drug Following Days of Speculation
Hawthorne, NY-based Acorda Therapeutics (NASDAQ: [[ticker:ACOR]]) announced that the United States Patent and Trademark Office issued a patent on the company’s 10 milligram, sustained-release version of dalfampridine (Ampyra) to treat multiple sclerosis. The patent is set to expire in 2026. Acorda saw its stock skyrocket April 14 on a report from RBC, which speculated that if the … Continue reading “Acorda Issued Patent on MS Drug Following Days of Speculation”
SciClone Buys China-Based NovaMed
SciClone Pharmaceuticals (NASDAQ: [[ticker:SCLN]]), the Foster City, CA-based specialty pharmaceutical company, said today it has acquired China-based NovaMed Pharmaceuticals. SciClone agreed to pay as much as $105 million, by providing about $24.7 million in upfront cash, offering 8.3 million shares of stock worth $37 million at yesterday’s close, and making NovaMed eligible for cash milestones … Continue reading “SciClone Buys China-Based NovaMed”