Cambridge, MA-based Vertex Pharmaceuticals (NASDAQ: [[ticker:VRTX]]) said today that the FDA has granted the company’s request for a priority review, meaning that the agency will take six months (instead of the usual 10) to analyze the company’s application to market telaprevir as a new treatment for hepatitis C. The FDA sometimes grants such faster reviews … Continue reading “Vertex Granted Speedy FDA Review”
J&J Subsidiary Backs Alzheimer Drug Discovery at Sanford-Burnham, Portable Genomics to Move to San Diego, Ardea Plans Secondary Stock Offering, & More San Diego Life Sciences News
It was relatively quiet for life science news in San Diego over the past week, but it was nevertheless encouraging, with a new research collaboration, new funding, and a new company planning to move here. Our roundup begins now. —San Diego’s Sanford-Burnham Medical Research Institution announced a three-year pact with a Johnson & Johnson subsidiary … Continue reading “J&J Subsidiary Backs Alzheimer Drug Discovery at Sanford-Burnham, Portable Genomics to Move to San Diego, Ardea Plans Secondary Stock Offering, & More San Diego Life Sciences News”
Is the U.S. Losing its Medical Device Innovation Mojo? PwC Report Says Yes
The United States has been the undisputed leader in medical device innovation for the past 50 years. But there are some out there who insist that title is in jeopardy. It would certainly take a breathtaking free fall, if you look at the standings today. The U.S. is where most of the R&D gets done, … Continue reading “Is the U.S. Losing its Medical Device Innovation Mojo? PwC Report Says Yes”
VChatter, the “Safe” Alternative to ChatRoulette, Doubles Down
Menlo Park, CA, startup vChatter, which runs video chat services that randomly link users on Facebook, Bebo, and the Web, said today that it has raised an additional $350,000 in seed funding from individual investors, bringing its total capitalization to $600,000. The company markets itself as a PG-rated alternative to ChatRoulette, the once-trendy social video … Continue reading “VChatter, the “Safe” Alternative to ChatRoulette, Doubles Down”
Theraclone Nabs Big Pfizer Deal, Dendreon Pockets $540M, Seattle Genetics’ Close-Up, & More Seattle-Area Life Sciences News
One of the Accelerator graduates made news last week (Allozyne) and this week another alumnus from the Seattle biotech startup propeller took its turn making headlines. —Seattle-based Theraclone Sciences (an Accelerator grad) said it has formed an alliance with the world’s largest drugmaker, New York-based Pfizer (NYSE: [[ticker:PFE]]). Pfizer will get access to Theraclone’s antibody … Continue reading “Theraclone Nabs Big Pfizer Deal, Dendreon Pockets $540M, Seattle Genetics’ Close-Up, & More Seattle-Area Life Sciences News”
Real Men Don’t Need Fabs: Part 2 of Our Interview with Marvell CEO Sehat Sutardja
Yesterday we published the first part of an in-depth Q&A with Sehat Sutardja, the notoriously hands-on CEO of Marvell Technology Group. The Santa Clara, CA, company (NASDAQ: [[ticker:MRVL]]) has spent the last 16 years building power-efficient “mixed-signal” analog and digital chips for devices such as disk drives, cell phones, and portable media players. The first … Continue reading “Real Men Don’t Need Fabs: Part 2 of Our Interview with Marvell CEO Sehat Sutardja”
Belle Capital to Launch Michigan Fund for Startups with Women in Charge
Lauren Flanagan believes that “making money is beautiful.” This is not to be confused with the “greed is good” adage of the famous fictional Gordon Gekko. No, what Flanagan is referring to is the name of her newly formed Michigan-based early-stage fund, Belle Capital. The fund of up to $25 million is planning a formal … Continue reading “Belle Capital to Launch Michigan Fund for Startups with Women in Charge”
Isabella Products To Add Wireless USB and Children’s Tablet Device to Better Connect Families
[Corrected 1/20/11, 3:40 pm. See below.] Last spring, Isabella Products unleashed a two-way connected digital photo frame powered by a cellular modem. It was an attempt to modernize a product that’s basically remained the same over the last decade or so, taking the technology into the world of constant wireless connectivity that we’ve come to … Continue reading “Isabella Products To Add Wireless USB and Children’s Tablet Device to Better Connect Families”
Memento Secures $5,000,002 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c65aeeda-5832-4547-ae4a-1c27f7a3eb52&Preview=1 Date 1/20/2011 Company Name Memento Mailing Address 55 Network Dr Burlington, MA 01803 Company Description Memento’s QuickMetrics software can help companies manage risk by preventing internal fraud, monitoring a company’s controls and finding indicators of risk, according to the company. Memento’s software can determine if business applications that are in place … Continue reading “Memento Secures $5,000,002 New Funding Round”
Coronado Biosciences Obtains $14,118,534 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=79f940c2-1426-4491-a4f9-ad307fd3be65&Preview=1 Date 1/20/2011 Company Name Coronado Biosciences Mailing Address 1700 7th Ave. Seattle, WA 98101 Company Description Coronado Biosciences is a clinical stage biopharmaceutical company focused on making cancer care better. How do we define better? We hope to make cancer care safer and more easily tolerated with improved outcomes. Website http://www.CoronadoBioSciences.com … Continue reading “Coronado Biosciences Obtains $14,118,534 New Financing Round”
ChaCha Search Lands $3,000,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=879681dc-d4e2-4fb3-a7ba-cdb7daed0934&Preview=1 Date 1/20/2011 Company Name ChaCha Search Mailing Address 14550 Clay Terrace Blvd Carmel, IN 46032 Company Description ChaCha is available online and on your phone with information when you need it…any time, anywhere. Other services scan the Internet and return the thousands of pages that mathematically match your query. But, because … Continue reading “ChaCha Search Lands $3,000,000 New Round”
Kabam Receives $30,000,000 Series C Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f9609300-ff59-4393-a9ca-0cd80cc523e0&Preview=1 Date 1/20/2011 Company Name Kabam Mailing Address 101 Redwood Shores Parkway Redwood City, CA 94065 Company Description The Kabam platform enables fans to connect with other fans in entertainment and sports communities inside their favorite social networks: Facebook, MySpace, Bebo, and Friendster. Website http://www.kabam.com Transaction Type Venture Equity Transaction Amount $30,000,000 … Continue reading “Kabam Receives $30,000,000 Series C Funding Round”
Atieva Receives $24,000,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8b7ea3db-bbe1-40e7-beb7-172b8e9a4410&Preview=1 Date 1/20/2011 Company Name Atieva Mailing Address 579 Clyde Avenue Mountain View, CA 94043-2271 Company Description Atieva has developed proprietary software that monitors individual battery cells and controls for battery packs in electric vehicles. Website Undisclosed Transaction Type Venture Equity Transaction Amount $24,000,000 Transaction Round Undisclosed Proceeds Purposes The company intends … Continue reading “Atieva Receives $24,000,000 New Financing Round”
CloudTalk Lands $3,763,293 Series A Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c14e1107-4d01-4034-a6a8-663224697fe5&Preview=1 Date 1/20/2011 Company Name CloudTalk Mailing Address 89 De Boom Street San Francisco, CA 94107 Company Description The company operates a website that provides free personal text and voice messaging. Website http://pana.ma/html/index.html Transaction Type Venture Equity Transaction Amount $3,763,293 Transaction Round Series A Proceeds Purposes Proceeds purposes were not disclosed. SEC … Continue reading “CloudTalk Lands $3,763,293 Series A Financing Round”
CloudTalk Lands $1,246,000 New Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=79224dd5-331e-428b-9864-8ea2e8df10b8&Preview=1 Date 1/20/2011 Company Name CloudTalk Mailing Address 89 De Boom Street San Francisco, CA 94107 Company Description The company operates a website that provides free personal text and voice messaging. Website http://pana.ma/html/index.html Transaction Type Debt Transaction Amount $1,246,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. The amount included … Continue reading “CloudTalk Lands $1,246,000 New Round”
LawPivot Secures $600,000 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=12e12330-7e62-4cea-aee3-e90433a9acd3&Preview=1 Date 1/20/2011 Company Name LawPivot Mailing Address Undisclosed Undisclosed, CA 94000 Company Description The company operates a website and service that provides crowd source legal advice to technology companies. Website http://www.lawpivot.com Transaction Type Venture Equity Transaction Amount $600,000 Transaction Round Undisclosed Proceeds Purposes With our angel funding, we plan to further … Continue reading “LawPivot Secures $600,000 New Financing Round”
Flat World Knowledge Garners $15,000,000 Series B Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=fa516350-77e9-4318-8b45-4f6c4b76346d&Preview=1 Date 1/20/2011 Company Name Flat World Knowledge Mailing Address 1 Bridge Street Irvington, NY 10533 Company Description We preserve the best of the old – books by leading experts that are rigorously reviewed and developed to the highest standards. Then we flip it all on its head. Our books are free … Continue reading “Flat World Knowledge Garners $15,000,000 Series B Round”
Coronado Biosciences Secures $14,118,534 New Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=79f940c2-1426-4491-a4f9-ad307fd3be65&Preview=1 Date 1/20/2011 Company Name Coronado Biosciences Mailing Address 45 Rockefeller Plaza New York, NY 10111 Company Description Coronado Biosciences is a clinical stage biopharmaceutical company focused on making cancer care better. How do we define better? We hope to make cancer care safer and more easily tolerated with improved outcomes. Website … Continue reading “Coronado Biosciences Secures $14,118,534 New Financing Round”
SolarWinds Acquires Hyper9 for Undisclosed Sum
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=41c04983-8a33-4a45-a8f2-33e1f83edb5e&Preview=1 Date 1/20/2011 Company Name Hyper9 Mailing Address 9015 Mountain Ridge Dr. Austin, TX 78759 Company Description The world we live in is fast paced and ever changing and so is the dynamic world of virtualization. For example, do you know where your virtual machines are right now and what they are … Continue reading “SolarWinds Acquires Hyper9 for Undisclosed Sum”
InfoReady Brings in $250K
InfoReady, an Ann Arbor, MI-based developer of collaboration and workflow management software, announced today that it nabbed a $250,000 investment from Automation Alley, bringing its first-round funding to $1.1 million. The funding will go to sales, marketing, and new product rollouts for InfoReady, which is developing its software for clients who need to search relevant … Continue reading “InfoReady Brings in $250K”
Boehringer Buys Amgen Fremont
Germany-based Boehringer Ingelheim has agreed to buy a facility for biotech drug development and manufacturing in Fremont, CA owned by Amgen (NASDAQ: [[ticker:AMGN]]). The 100,000 square foot facility, where about 360 people work, is expected to formally be handed over to Boehringer Ingelheim before the end of March, the companies said. Terms of the deal … Continue reading “Boehringer Buys Amgen Fremont”
Sanford-Burnham, Receptos Join “San Diego’s Fight Against Diabesity” on Jan. 27
There’s a biotech “Big Three” in San Diego fixated on developing new diabetes and obesity drugs (Amylin, Arena, Orexigen). But they aren’t the only ones in town dedicated to treating these closely related public health scourges. So I’ve been rounding up more and more creative businesspeople from all over the West Coast to add their … Continue reading “Sanford-Burnham, Receptos Join “San Diego’s Fight Against Diabesity” on Jan. 27″
EveryScape Founder Mok Oh Leaves Firm, Looks for New Ways to Map Online to the Real World
Want to peer into the mind of an entrepreneur who’s starting over after nearly nine years in the trenches? Or maybe you’d like a glimpse of the Next Big Thing through the eyes of a deep technologist? Me too. That’s why I caught up with Mok Oh yesterday. The founder and former chief technology officer … Continue reading “EveryScape Founder Mok Oh Leaves Firm, Looks for New Ways to Map Online to the Real World”
Calico Partners With Digi
Seattle-based Calico Energy Services said today it has formed a partnership with Minnetonka, MN-based Digi International (NASDAQ: [[ticker:DGII]]) to market a new smart grid technology for utilities. The Calico system, which is being integrated into the Digi X-Grid platform, is supposed to help utilities get more detailed visibility into how residential and commercial customers are … Continue reading “Calico Partners With Digi”
No Time for Small Bets: The Decades-Long View of Sapphire Energy’s Jason Pyle
Since Sapphire Energy settled into its San Diego headquarters more than two years ago, local public appearances by CEO Jason Pyle have been about as rare as sightings of the endangered California clapper Rail. So I was eager to join the 250 or so people (and the only one with field glasses) who turned out … Continue reading “No Time for Small Bets: The Decades-Long View of Sapphire Energy’s Jason Pyle”
Patients’ Parents Upset By FDA Panel’s Rejection of Lilly/Alnara’s Cystic Fibrosis Drug
Sometimes it takes a parent’s perspective on the regulatory process for drugs in this country to understand what is really at stake for patients. Last week an FDA advisory panel shot down Eli Lilly’s (NYSE:[[ticker:LLY]]) enzyme therapy for cystic fibrosis that has deep roots in the Boston area. And two parents of children with cystic … Continue reading “Patients’ Parents Upset By FDA Panel’s Rejection of Lilly/Alnara’s Cystic Fibrosis Drug”
$16M for Scientific Conservation
Scientific Conservation Inc. (SCI), a San Francisco-based maker of Web-based software that helps building managers monitor and control energy usage, said today that it has collected $15.65 million in Series B funding. DFJ Growth Fund led the round, which also involved DFJ Ventures and The Westly Group. Barry Schuler, managing director of DFJ Growth Fund and … Continue reading “$16M for Scientific Conservation”
Scribd Collects $13M
In its third round of venture financing, San Francisco-based social publishing startup Scribd has raised $13 million. The round was led by MLC Investments of Australia and SVB Capital, according to an announcement yesterday. Existing investors Redpoint Ventures, Charles River Ventures, and Kinsey Hills Group also participated. The company, whose free publishing service allows users … Continue reading “Scribd Collects $13M”
The Bad Board Member
Over the last 40 years the U.S. has evolved an entrepreneurial ecosystem with two of the most unlikely partners—venture capital investors and technology entrepreneurs. This alliance has led to an explosion of technology innovation, scalable startups and job creation. Tied at the hip, VC’s and entrepreneurs take large risks together. VC’s invest in startups with … Continue reading “The Bad Board Member”
Exit41 Adds New CEO
Andover, MA-based Exit41, a provider of social media-based platforms for online orders from restaurants, announced yesterday that it has brought on a new CEO, Chet Barnard. He’ll work on driving the company’s growth strategy, which includes strengthening relationships with restaurant customers and developing roadmaps for rolling out its social ordering system on an enterprise level, … Continue reading “Exit41 Adds New CEO”
Boston Scientific Acquires Atritech
Natick, MA-based medical devices maker Boston Scientific has expanded its cardiovascular products business with the purchase of Atritech, a Plymouth, MN, developer of a device alternative to treating patients with atrial fibrillation who are at risk of stroke, the company says today. Boston Scientific (NYSE:[[ticker:BSX]]) is paying $100 million upfront for Atritech as up to … Continue reading “Boston Scientific Acquires Atritech”
SplinkMedia Platform Eyes Sponsorship Deals for Indie Artists
“Music has a way of making you an entrepreneur somehow,” says Ann Arbor, MI native Vaughan Taylor. He would know. He’s spent much of his time in the Michigan independent music scene, with his hip hop group The Athletic Mic League. Then he went the more scholarly route, getting his undergraduate degree at the University … Continue reading “SplinkMedia Platform Eyes Sponsorship Deals for Indie Artists”
The State of Seattle Biotech 2011: Xconomy’s Chat With UW Faculty & Students
Seattle biotech is coming off the single best year that I’ve seen in the 10 years I’ve been covering the local industry. Hands down, no doubt about it. The FDA approval of Dendreon’s immune-booster for prostate cancer was a watershed for the company and the field of cancer immunotherapy, and Seattle Genetics had some truly … Continue reading “The State of Seattle Biotech 2011: Xconomy’s Chat With UW Faculty & Students”
An Innovation Walk in the Snow: Can You Guess My Route?
The streets of Cambridge, MA, are wind blown and snow-ridden these days. Quiet and beautiful in their way. The breeze is up, but only laggards have not yet cleared their sidewalks. So I thought it was a perfect time to slip on my snow pants, lace up my boots, and set out for a little … Continue reading “An Innovation Walk in the Snow: Can You Guess My Route?”
Top Trends to Watch in 2011 From Experts in Infotech, Biotech, Cleantech
Innovators have to be very optimistic to believe they can create new technologies that will shake up a market. So it shouldn’t be any surprise that the high tech business leaders Xconomy writes about are looking forward to big things to come in 2011. But these people—from diverse backgrounds in high tech, life sciences, and … Continue reading “Top Trends to Watch in 2011 From Experts in Infotech, Biotech, Cleantech”
“You Can’t Run A Company Based on Hearsay”: A Rare Interview with Marvell’s Hands-On CEO, Sehat Sutardja
Marvell Technology Group (NASDAQ: [[ticker:MRVL]]) is one of Silicon Valley’s unsung success stories. The chip design firm’s low-power electronics are found inside key media and computing devices from disk drives and smartphones to network controllers and Blu-ray players. But it wasn’t until after I’d won an interview with co-founder, CEO, and de facto chief engineer … Continue reading ““You Can’t Run A Company Based on Hearsay”: A Rare Interview with Marvell’s Hands-On CEO, Sehat Sutardja”
Plexxikon, Roche Drug Extends Lives in Patients With Deadly Skin Cancer
Good news just crossed the wire from one of the Bay Area’s emerging cancer drug developers. Berkeley, CA-based Plexxikon said its experimental drug for a deadly form of skin cancer met its goal of helping keep tumors from spreading, and helping patients live longer, when compared directly to standard chemotherapy. Plexxikon, which is developing PLX4032 … Continue reading “Plexxikon, Roche Drug Extends Lives in Patients With Deadly Skin Cancer”
U-M Welcomes Startups to New Venture Accelerator on Former Pfizer Campus
“There’s not any other place I’d rather be right now,” Brandon McNaughton said standing at the door of his lab space at the University of Michigan’s Venture Accelerator, which opened officially on Tuesday. Those aren’t words most would expect to hear from a California native looking to launch his own start up. But McNaughton, the … Continue reading “U-M Welcomes Startups to New Venture Accelerator on Former Pfizer Campus”
NetApp Buys Akorri, Mascoma Nabs Deal With Valero, Sonian Gets Cash From Amazon, & More Boston-Area Deals News
We saw acquisitions, partnerships, and financings from tech and life sciences firms in New England this week. —Bloomberg News reported that Thermo Fisher Scientific (NYSE: [[ticker:TMO]]), a Waltham, MA-based provider of lab instruments and services, planned to sell two lab test units for a total of up to $1 billion. Those businesses include Athena Diagnostics … Continue reading “NetApp Buys Akorri, Mascoma Nabs Deal With Valero, Sonian Gets Cash From Amazon, & More Boston-Area Deals News”
Boston Scientific Acquires Atritech for $375,000,000
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6635efb2-5d0b-417d-910d-ceb9161dd6ec&Preview=1 Date 1/19/2011 Company Name Atritech Mailing Address 3750 Annapolis Lane Plymouth, MN 55447 Company Description Atritech is an emerging medical device company focused on preventing atrial fibrillation (AF) related stroke through technology. Website http://www.atritech.net Transaction Type M&A Transaction Amount $375,000,000 Transaction Round Proceeds Purposes M&A Terms The agreement calls for an … Continue reading “Boston Scientific Acquires Atritech for $375,000,000”
Adteractive Lands $5,105,826 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e264c392-a682-477d-8d40-4734b076760e&Preview=1 Date 1/19/2011 Company Name Adteractive Mailing Address 350 Sansome St., 9th Floor San Francisco, CA 94104 Company Description Adteractive is one of largest providers of performance-based marketing leads. Our portfolio of trusted clients is built upon innovative marketing solutions through a blending of new media with traditional media outlets. Website http://www.adteractive.com … Continue reading “Adteractive Lands $5,105,826 New Financing”
Five9 Obtains $8,600,000 New Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dacf2247-c6fe-4175-895e-62349e7343f9&Preview=1 Date 1/19/2011 Company Name Five9 Mailing Address 7901 Stoneridge Drive Pleasanton, CA 94588 Company Description Five9 is the leading global provider of on-demand call center software for telemarketing, customer service, and business continuity. The award-winning Five9 Virtual Call Center and Predictive Dialer serve customers of all sizes on five continents. Customers … Continue reading “Five9 Obtains $8,600,000 New Funding Round”
Telespree Communications Secures $1,000,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b18c0fe7-debb-42f3-9a5b-a8be138c442d&Preview=1 Date 1/19/2011 Company Name Telespree Communications Mailing Address 185 Berry Street San Francisco, CA 94107 Company Description Telespree’s innovative network solution transforms any wireless device into a convenient self-service terminal, allowing carriers to dramatically reduce customer care and distribution costs. Telespree has created the industry’s first self-service platform for automated activation, … Continue reading “Telespree Communications Secures $1,000,000 New Financing”
Scientific Conservation Garners $15,650,000 Series B Funding Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=909c1e6c-9961-4c79-9c13-addddf805f04&Preview=1 Date 1/19/2011 Company Name Scientific Conservation Mailing Address 2107 Dwight Way Berkeley, CA 94704 Company Description Scientific Conservation (SCI) is revolutionizing energy efficiency and operational accountability for the multi-billion dollar commercial building market with a breakthrough Automated Continuous Commissioning (ACC) solution that can help slash annual energy spending 15 – 25%. … Continue reading “Scientific Conservation Garners $15,650,000 Series B Funding Round”
m-Via Secures $1,150,000 New Financing
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4e310ddb-e698-4fa3-9c0f-e4ec64288269&Preview=1 Date 1/19/2011 Company Name m-Via Mailing Address 440 N. Wolfe Rd. Sunnyvale, CA 94085 Company Description m-Via is a pioneering money remittance company focused on allowing consumers to use any mobile phone to make international money transfers. Website http://www.m-via.com Transaction Type Debt Transaction Amount $1,150,000 Transaction Round Undisclosed Proceeds Purposes Proceeds … Continue reading “m-Via Secures $1,150,000 New Financing”
60mo Receives Series A Financing Round
Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b4f4a087-c027-4890-91fa-5e9f42083421&Preview=1 Date 1/19/2011 Company Name 60mo Mailing Address 2922 Cleveland Rd. Wooster, OH 44691 Company Description The company provides online service to businesses connecting them to their various bank accounts and financial information services. Website http://www.60mo.com Transaction Type Venture Equity Transaction Amount Undisclosed Transaction Round Series A Proceeds Purposes Proceeds purposes were … Continue reading “60mo Receives Series A Financing Round”
Theraclone Strikes $632M Deal With Pfizer to Discover Antibodies for Cancer, Infections
[Correction: 6:38 pm] Theraclone Sciences just got a very big break. The Seattle-based biotech company has enticed Pfizer, the world’s largest drugmaker, to pay as much as $632 million over time for the right to co-develop antibody drugs based on Theraclone’s technology. Pfizer (NYSE: [[ticker:PFE]]) is getting access to the Theraclone technology to hunt for … Continue reading “Theraclone Strikes $632M Deal With Pfizer to Discover Antibodies for Cancer, Infections”
Verve Wireless Names New CEO
Encinitas, CA-based Verve Wireless today named former ExtendMedia chief Tom MacIsaac as its new CEO. Tom, who will be based in Verve’s new office in the Washington, D.C. area, will focus on expanding Verve’s local mobile monetization platform and growing Verve’s premium local mobile display ad network. MacIsaac led ExtendMedia’s growth as a leading IP … Continue reading “Verve Wireless Names New CEO”
Ironwood, One of the Big Boys Now, Strikes Deal With Tiny Protagonist Therapeutics
Ironwood Pharmaceuticals has shown it is one of those rare biotechs that can take a new drug all the way through clinical trials, and entice investors to buy into an IPO in an economic downturn. Now the Cambridge, MA-based company is flexing its new muscle to not just discover its own drugs, but also to … Continue reading “Ironwood, One of the Big Boys Now, Strikes Deal With Tiny Protagonist Therapeutics”
Momentum Summit @ MIT Sloan School
Info and registration here. How do small start-ups with a brilliant idea turn into big businesses? The Momentum Summit explores that question with a series of in-depth conversations and strategy talks from notable local founders and CEOs. It’s a chance to hear from innovative leaders about what they’ve done that has truly moved the needle, … Continue reading “Momentum Summit @ MIT Sloan School”