Some Prognostications on Biotechnology in 2011

After consulting with the Oracle at the Temple of Apollo at Delphi, here are a few of the trends I was told to watch for in 2011… Two revolutionizing pharmaceutical frontiers are on the horizon—RNA therapeutics and stem cell therapies: —RNA therapeutics will become a big reality in 2011. Mipomersen, a LDL lowering drug from … Continue reading “Some Prognostications on Biotechnology in 2011”

dynaTrace Secures $4,000,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=5c7de813-43a6-4db7-b7f6-e3d1fe9f14f7&Preview=1 Date 1/7/2011 Company Name dynaTrace Mailing Address 95 Hayden Avenue Lexington, MA 02421 Company Description We provide innovative performance-diagnostics solutions for mission-critical, cross-platform applications. Our mission is to offer top-quality products, excellent service, and unrivalled support worldwide. We are committed to developing company-wide diagnostics solutions that fulfill the needs of IT … Continue reading “dynaTrace Secures $4,000,000 New Round”

Hologic Acquires Interlace Medical for $125,000,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3746d3e9-f094-408d-9504-97c3493a5d8f&Preview=1 Date 1/7/2011 Company Name Interlace Medical Mailing Address 139 Newbury Street Framingham, MA 01701 Company Description Interlace’s mission is to improve the lives of women by delivering the most advanced medical devices in the world for treating gynecological diseases and conditions.Organized in 2006, Interlace Medical, Inc. is focused on designing and … Continue reading “Hologic Acquires Interlace Medical for $125,000,000”

General Electric Acquires SmartSignal for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=a4196a0d-577c-42a0-ab58-1d838025c76c&Preview=1 Date 1/7/2011 Company Name SmartSignal Mailing Address 901 Warrenville Road Lisle, IL 60532 Company Description SmartSignal Corporation is a privately held software solutions company founded by the University of Chicago to make the revolutionary Similarity-Based Modeling (SBM) technology commercially available. Website http://www.smartsignal.com Transaction Type M&A Transaction Amount Undisclosed Transaction Round Proceeds … Continue reading “General Electric Acquires SmartSignal for Undisclosed Sum”

23andMe Secures $9,000,000 Series C Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=ddf9ded8-16a7-40c5-a748-27ead9ad951a&Preview=1 Date 1/7/2011 Company Name 23andMe Mailing Address 1390 Shorebird Way Mountain View, CA 94043 Company Description 23andMe is focused on empowering individuals to access, explore, and better understand their genetic information, making use of recent advances in DNA analysis technologies and proprietary web-based software tools. Website http://www.23andme.com Transaction Type Venture Equity … Continue reading “23andMe Secures $9,000,000 Series C Financing Round”

GestureTek Obtains $21,787,093 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=f6698bbc-5a41-470b-8ae3-a23ecf258631&Preview=1 Date 1/7/2011 Company Name GestureTek Mailing Address 530 Lakeside Dr. Sunnyvale, CA 94085 Company Description The company develops technologies that allow computers to understand human gestures. Website http://www.GestureTek.com Transaction Type Debt, Venture Equity Transaction Amount $21,787,093 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms … Continue reading “GestureTek Obtains $21,787,093 New Funding”

The Next Generation Silicon for Computing: OpSIS Kickoff Featuring Intel CTO Justin Rattner

The University of Washington’s new Institute for Photonic Integration is organizing a big event on Feb. 1 about OpSIS, which it describes as a system for developing “cutting-edge silicon photonic systems by allowing the community to share the cost of fabricating complex chip-scale systems across many projects.” Featured speakers include Justin Rattner, the chief technology … Continue reading “The Next Generation Silicon for Computing: OpSIS Kickoff Featuring Intel CTO Justin Rattner”

Quidel Shares Fall After Pricing New Offering

Shares of Quidel (NASDAQ: [[ticker:QDEL]]), the San Diego diagnostic test maker, sank more than 8 percent on heavy volume today, after the company priced a secondary public offering of 4 million common shares at $13.15 a share. The company, which granted an additional 600,000 to the underwriter to cover over-allotments, says the closing of the … Continue reading “Quidel Shares Fall After Pricing New Offering”

Affymax Hires New CEO, Former Genentecher, to Complete FDA Push With Anemia Drug

Affymax (NASDAQ: [[ticker:AFFY]]), the Palo Alto, CA-based developer of an experimental anemia drug, said today it has hired John Orwin as its new CEO, to replace Arlene Morris. Orwin was formerly the senior vice president of marketing and sales for Genentech before he joined Affymax last April as president and chief operating officer. Morris, who … Continue reading “Affymax Hires New CEO, Former Genentecher, to Complete FDA Push With Anemia Drug”

The iPad and Rich Media Apps—Capitalizing on the Future of Storytelling

Storytelling has a “storied” past. In written form, it dates back some 10,000 to 12,000 years to ancient petroglyphs (also known as cave paintings). Personally, I have a passion for storytelling as a means to communicate, educate and socially engage all at the same time. As an interactive and content marketer, I appreciate storytelling as … Continue reading “The iPad and Rich Media Apps—Capitalizing on the Future of Storytelling”

Skype Buys Qik

Redwood City, CA-based Qik, which makes software for live two-way video calls that runs on 200 models of smartphones, will be purchased by Luxembourg-based Skype for an undisclosed sum, the two companies announced today. Skype itself been busy extending the two-way video calling capabilities familiar from its Web service to mobile platforms such as the … Continue reading “Skype Buys Qik”

Ligand Licenses Liver Drug Candidates

San Diego’s Ligand Pharmaceuticals said today it has licensed two liver drug candidates to Chiva Pharmaceuticals, a Los Altos Hills, CA, affiliate of Hainan Kaihua Pharmaceutical. Ligand says the deal, which gives Chiva rights to develop and market the drugs in China, could be worth more than $100 million in milestone payments and royalties. Ligand … Continue reading “Ligand Licenses Liver Drug Candidates”

Desh Deshpande on Starting Merrimack Valley Innovation Center—and Making a Global Impact from Massachusetts to India

For some people, innovation is not enough. Gururaj “Desh” Deshpande is one of those people. Let’s just say the Boston-area tech entrepreneur and billionaire philanthropist has earned the right to make such a claim. “For innovation to have impact, it needs relevance,” he says. “Innovation plus relevance equals impact.” Deshpande is talking about global impact, … Continue reading “Desh Deshpande on Starting Merrimack Valley Innovation Center—and Making a Global Impact from Massachusetts to India”

SAP Cuts Deal With Intellectual Ventures

Intellectual Ventures, the Bellevue, WA-based invention and patent licensing firm, said today it has reached an agreement in which it has granted SAP a long-term license to the IV patent portfolio for “defensive use.” Germany-based SAP (NYSE: [[ticker:SAP]]) is one of the world’s largest software companies, specializing in business applications. The deal essentially provides SAP … Continue reading “SAP Cuts Deal With Intellectual Ventures”

Allon Starts Trial for Brain Disease

Allon Therapeutics, a Vancouver, BC-based developer of drugs for neurological disorders, said today it has started enrolling patients in a pivotal clinical trial of its lead drug candidate. The trial will look at whether Allon’s davunetide offers any benefit for patients with progressive supranuclear palsy (PSP), a rare and deadly brain disease. Allon has also … Continue reading “Allon Starts Trial for Brain Disease”

Less Changey, But Still Hopey About 2011

Last year at year end, I wrote about technology trends. Those trends, like the merger of the cloud and mobile devices, personalized medicine, reprogramming of human cells to cure disease, and the re-emergence of nanotechnology, still hold. Startups are breaking down impossible barriers in computing, biology, energy, and materials science. The USA is leading and … Continue reading “Less Changey, But Still Hopey About 2011”

$21M for TapJoy

TapJoy, a San Francisco startup that helps developers distribute and monetize Web and mobile apps through advertising, microtransactions, and virtual currencies, said today that it has raised $21 million in new financing, bringing its total venture backing to $40 million. New investor Rho Ventures led the round, which also included existing investors InterWest Partners, North … Continue reading “$21M for TapJoy”

SoloPower Powers Up with $52M

San Jose, CA-based SoloPower, which has developed a roll-to-roll process for making thin, flexible photovoltaic cells, has collected $51.6 million in a sale of equity and securities, according to a regulatory filing. The investors in the round—12 in all, according to the filing—haven’t yet been named. The company’s last previous funding round, in December 2008, … Continue reading “SoloPower Powers Up with $52M”

Independa Launches ‘Smart Reminders’ Service to Help Elderly and Their Caregivers

San Diego-based Independa was in stealth mode until September, when founding CEO Kian Saneii gave a presentation about the startup and its technology at the Demo conference in San Jose. Today, Saneii is unveiling Independa’s first apps at the Consumer Electronics Show in Las Vegas. “This is the first time that customers can sign up … Continue reading “Independa Launches ‘Smart Reminders’ Service to Help Elderly and Their Caregivers”

EyeGate Adds $6M to Series D

Waltham, MA-based EyeGate Pharmaceuticals announced yesterday that it added $5.9 million to its Series D funding round, bringing the financing’s total to $28.5 million to date. The biotech works on delivering drugs to the eye, and said the new money will go toward EGP-437, its dexamethasone-derived corticosteroid treatment for dry eye syndrome. In September Eyegate inked … Continue reading “EyeGate Adds $6M to Series D”

Inside Google’s Age of Augmented Humanity, Part 3: Computer Vision Puts a “Bird on Your Shoulder”

It’s a staple of every film depiction of killer androids since Terminator: the moment when the audience watches through the robot’s eyes as it scans a human face, compares the person to a photo stored in its memory, and targets its unlucky victim for elimination. That’s computer vision in action—but it’s actually one of the … Continue reading “Inside Google’s Age of Augmented Humanity, Part 3: Computer Vision Puts a “Bird on Your Shoulder””

Plexxikon Opts to Co-Promote with Genentech

Berkeley, CA-based Plexxikon, the developer of a novel treatment for a deadly skin cancer, said today it has exercised its right to co-promote the drug in the U.S. with Genentech, the South San Francisco-based unit of Roche. This means that Plexxikon plans to set up its own specialty sales force to help pitch PLX4032, a … Continue reading “Plexxikon Opts to Co-Promote with Genentech”

Seattle Genetics Gets $8M From Pfizer

Seattle Genetics (NASDAQ: [[ticker:SGEN]]) said today it has licensed its technology for making “empowered antibodies” to Pfizer, the world’s largest drugmaker. Seattle Genetics will receive an $8 million upfront payment, could get more than $200 million in milestone payments, and stands to collect royalties if Pfizer can develop a product. In exchange for the cash, … Continue reading “Seattle Genetics Gets $8M From Pfizer”

Emptoris Acquires Rivermine

Burlington, MA-based Emptoris, a maker of supply and contract management software for businesses, said today it has acquired Rivermine, a Virginia-based developer of telecom expense management software. Financial terms were not disclosed, but the acquisition was financed by Marlin Equity Partners, which is Emptoris’s majority owner. The combined company has 650 employees and added more … Continue reading “Emptoris Acquires Rivermine”

John Mendlein Tries His Hand as a ‘Parallel Entrepreneur,’ Santaris Continues RNA Therapeutics Work for Pfizer, & More San Diego Life Sciences News

The holiday left a void of sorts in San Diego’s life sciences news, or maybe everybody is prepping for J.P. Morgan’s big biotech conference in San Francisco next week. Either way, we’ve got the latest update here. —Luke profiled John Mendlein as a life sciences jack-of-all-trades who made his name as a CEO in 2007, … Continue reading “John Mendlein Tries His Hand as a ‘Parallel Entrepreneur,’ Santaris Continues RNA Therapeutics Work for Pfizer, & More San Diego Life Sciences News”

Biogen Idec’s New R&D Boss, Doug Williams, Spurns Corner Office for a Return to Big Science

Doug Williams spent more than 20 years working his way up from bench scientist to CEO, and long after reaching the top, a realization hit. What he wanted most was to go back to his true passion—getting his hands dirty in a big and strong R&D organization with potential to create new drugs. “Having done … Continue reading “Biogen Idec’s New R&D Boss, Doug Williams, Spurns Corner Office for a Return to Big Science”

The Immunex Alumni, Hood Wins Russ Prize, Williams Grabs Biogen Gig, & More Seattle-Area Life Sciences News

‘Twas the week before JP Morgan and all through the house…OK you get the idea. Not much biotech news was stirring this week as everybody is prepping for the big industry confab next week in San Francisco. I’ll be reporting there as always. —We rang in the New Year on the biotech desk with a … Continue reading “The Immunex Alumni, Hood Wins Russ Prize, Williams Grabs Biogen Gig, & More Seattle-Area Life Sciences News”

Ann Arbor’s Mobiata, After Expedia Takeover, Seeks to Put Travel Info on Your Handheld

Ann Arbor-based Mobiata got a good second birthday present, even if it was a day late. The mobile app developer was acquired by Internet travel empire Expedia.com in November, in a deal that was referred to as Expedia’s “most significant investment to date in addressing the mobile travel market.” The acquisition came one day after … Continue reading “Ann Arbor’s Mobiata, After Expedia Takeover, Seeks to Put Travel Info on Your Handheld”

Rich Aldrich, Biotech Powerbroker, Breaks Silence on New $87M Longwood Founders Fund

The Boston biotech scene was abuzz about a year ago when news broke about three of the most influential figures in the sector—Rich Aldrich, Michelle Dipp, and Christoph Westphal—joining forces to form a new venture capital firm called Longwood Founders Fund. Yet this power trio has been mostly mum about what they are doing with … Continue reading “Rich Aldrich, Biotech Powerbroker, Breaks Silence on New $87M Longwood Founders Fund”

My Three Predictions for 2011

In 2011, the U.S. economy will come roaring back as our businesses and their customers gain confidence that the electorate has come to its senses and chosen not to grow governments but economies instead. In 2011, the last jihadist jerk will accidently blow himself up, at home without harming anyone else. In 2011, the progress … Continue reading “My Three Predictions for 2011”

Neuroptix Lands $4,621,750 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4d9897ab-f1aa-43d3-b25d-26c6a2a59d74&Preview=1 Date 1/6/2011 Company Name Neuroptix Mailing Address 20 Main Street Acton, MA 01720 Company Description Neuroptix develops, manufactures and distributes state-of-the-art products for extremely sensitive measurements of biophysical changes in the eye, including non-invasive instruments for diagnosis and monitoring Alzheimer’s disease undergoing clinical development. Adaptable and innovative, Neuroptix’s products are designed … Continue reading “Neuroptix Lands $4,621,750 New Round”

MoFuse Receives $1,268,343 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=de0e7d4f-e42c-4b1a-a16c-72e49daaab7a&Preview=1 Date 1/6/2011 Company Name MoFuse Mailing Address 566 Smith St. Providence, RI 02908 Company Description MoFuse is short for Mobile Fusion. MoFuse was founded in August of 2007 and released it’s first private beta in late September of 2007. MoFuse beta opened up to the public on November 1st, 2007. MoFuse … Continue reading “MoFuse Receives $1,268,343 New Funding Round”

Chiasma Secures $3,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=14852902-9800-4ac6-bd43-79e2689096f6&Preview=1 Date 1/6/2011 Company Name Chiasma Mailing Address 831 Beacon St. Newton Center, MA 02459 Company Description Chiasma develops innovative solutions for the non-invasive delivery of protein drugs. Chiasma’s technology enables drugs to be administered into the bloodstream without the need for injections Website http://www.chiasmacorp.com Transaction Type Debt Transaction Amount $3,000,000 Transaction … Continue reading “Chiasma Secures $3,000,000 New Financing Round”

EyeGate Pharmaceuticals Lands $5,900,000 Series D Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=117b60fa-4155-4855-95ce-8fd6fa402d74&Preview=1 Date 1/6/2011 Company Name EyeGate Pharmaceuticals Mailing Address 100 Beaver Street Waltham, MA 02453 Company Description EyeGate Pharma is focused on replacing ocular injections and other invasive methods of ocular disease treatment. Our goal is to build a pipeline of safer, more effective and patient friendly ocular treatments based on our … Continue reading “EyeGate Pharmaceuticals Lands $5,900,000 Series D Funding Round”

Coda Automotive Lands $76,000,000 Series D Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=29e68cb7-6baf-42d2-8eb5-05ea8424ed92&Preview=1 Date 1/6/2011 Company Name Coda Automotive Mailing Address 1601 Wilshire Blvd Santa Monica, CA 90403 Company Description We were formed by a group of innovators, experts in their fields, motivated to solve some of today’s most pressing problems to leave a better world for their children. Our business model is unique. … Continue reading “Coda Automotive Lands $76,000,000 Series D Funding”

Tapjoy Garners $21,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=549bb3ce-54b6-4483-9f4d-22d8ef4a31ba&Preview=1 Date 1/6/2011 Company Name Tapjoy Mailing Address 111 Sutter St., 13th Floor San Francisco, CA 94104 Company Description The company’s turnkey alternative payment platform enables developers to significantly increase their monetization rates when selling virtual goods or premium digital assets, while its cross-platform distribution services provide massive reach and cost-effective user … Continue reading “Tapjoy Garners $21,000,000 New Funding”

OSIsoft Lands $135,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c76614f3-14cd-4ba6-9bdf-6244884b37d6&Preview=1 Date 1/6/2011 Company Name OSIsoft Mailing Address 777 Davis St. San Leandro, CA 94577 Company Description OSIsoft delivers the PI System, the industry standard in enterprise infrastructure, for management of real-time data and events. Website http://www.osisoft.com Transaction Type Venture Equity Transaction Amount $135,000,000 Transaction Round Undisclosed Proceeds Purposes The minority investment, … Continue reading “OSIsoft Lands $135,000,000 New Funding”

Qik Garners $6,369,899 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1c668e36-9cf2-4a6b-904c-6bc9cc53f3a3&Preview=1 Date 1/6/2011 Company Name Qik Mailing Address 811 Hamilton St. Redwood City, CA 94063 Company Description Qik enables you to share moments of your life with your friends, family and the world – directly from your cell phone! Keep your world in the know, share a laugh, tell engaging stories. Just … Continue reading “Qik Garners $6,369,899 New Funding”

Zynga Game Network Acquires Flock for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4fcd936a-949c-4eb5-82a6-1e4c6fe9ed34&Preview=1 Date 1/6/2011 Company Name Flock Mailing Address 644 Menlo Ave Menlo Park, CA 94025 Company Description Flock is a consumer Internet business which has developed a free, next generation web browser. The web, and the way people engage online, has evolved dramatically over the past decade. Website http://www.flock.com Transaction Type M&A … Continue reading “Zynga Game Network Acquires Flock for Undisclosed Sum”

Sourcefire Acquires Immunet for $21,000,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b5a00a2e-63ba-4f3a-a9f4-3b8e6cf58ae9&Preview=1 Date 1/6/2011 Company Name Immunet Mailing Address 2741 Middlefield Road Palo Alto, CA 94306 Company Description Immunet was founded in July of 2008 by Anti-Virus industry veterans to address a sweeping shift in the threat landscape. This shift, demonstrated by a rapid exponential increase in the volume of threats, renders the … Continue reading “Sourcefire Acquires Immunet for $21,000,000”

Salesforce Acquires Dimdim for $31,000,000

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=866c86f8-33de-4612-8301-80ee7b7eb4fe&Preview=1 Date 1/6/2011 Company Name Dimdim Mailing Address 260 Broadway Methuen, MA 01844 Company Description Dimdim is the Open Source web conferencing company. With Dimdim you can show Presentations, Applications and Desktops to any other person over the internet. You can chat, show your webcam and talk with others in the meeting. … Continue reading “Salesforce Acquires Dimdim for $31,000,000”

Skype Technologies Acquires Qik for Undisclosed Sum

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=38c22eca-e11d-4b45-97f4-4c1073f023eb&Preview=1 Date 1/6/2011 Company Name Qik Mailing Address 811 Hamilton St. Redwood City, CA 94063 Company Description Qik enables you to share moments of your life with your friends, family and the world – directly from your cell phone! Keep your world in the know, share a laugh, tell engaging stories. Just … Continue reading “Skype Technologies Acquires Qik for Undisclosed Sum”

OMGPOP Garners $10,100,000 Series B Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=2ab70dfb-f1ed-4812-8299-4ae12f5ebfd6&Preview=1 Date 1/6/2011 Company Name OMGPOP Mailing Address Undisclosed New York, NY 00000 Company Description OMGPOP is a social gaming studio company. Website http://www.omgpop.com Transaction Type Venture Equity Transaction Amount $10,100,000 Transaction Round Series B Proceeds Purposes OMGPOP says it will use the new cash to expand its roster of games. M&A … Continue reading “OMGPOP Garners $10,100,000 Series B Funding Round”

CES Kicks Off With Focus on Tablets, Smart Phones, and Internet TVs

The world’s biggest consumer electronics show, officially known as CES International 2011, is holding some preview events this evening, with the main event opening tomorrow for 126,000 registered attendees at the Las Vegas Convention Center. Global retail sales of consumer electronics are expected to grow by 10 percent this year, from $873 billion in 2010 … Continue reading “CES Kicks Off With Focus on Tablets, Smart Phones, and Internet TVs”

Biogen Idec Nabs Doug Williams as R&D Head, Steve Holtzman as BD Chief To Fill Out Management Team

Biogen Idec, after a long search, has found a new scientist to spearhead its R&D group—Doug Williams, the former CEO of Seattle-based ZymoGenetics. The Weston, MA-based biotech company (NASDAQ: [[ticker:BIIB]]), the world’s largest maker of multiple sclerosis drugs, also added another heavy hitter from the Boston biotech scene to its management team—Steve Holtzman, the former … Continue reading “Biogen Idec Nabs Doug Williams as R&D Head, Steve Holtzman as BD Chief To Fill Out Management Team”