Vivus Turned Down by FDA

Vivus (NASDAQ: [[ticker:VVUS]]), the Mountain View, CA-based obesity drug developer, failed to win FDA clearance to start selling its combination drug in the U.S. The agency, in a complete response letter to the company, requested a “comprehensive assessment” on whether the Vivus therapy, a combination of phentermine and topiramate (Qnexa), is linked to birth defects … Continue reading “Vivus Turned Down by FDA”

FDA Approves Sunovion Schizophrenia Drug

Marlborough, MA-based drugmaker Sunovion Pharmaceuticals has announced that the FDA approved its once-daily, oral tablet for treating schizophrenia. The drug, Latuda (lurasidone HCl), is expected to be available in the U.S. early next year, Sunovion said. The drug company has six other FDA-approved drugs, including the insomnia treatment Lunesta; Omnaris, a nasal spray for treating allergy symptoms; … Continue reading “FDA Approves Sunovion Schizophrenia Drug”

A Silicon Valley Prescription for Boston and Other Startup Hubs: Throw More Parties

A few friends have asked me how my life has changed since I moved from Boston to San Francisco to open Xconomy’s Bay Area bureau. Do you want to know the real answer? I drink more. A lot more. In the Silicon Valley technology startup world that I cover, there’s at least one cocktail party, … Continue reading “A Silicon Valley Prescription for Boston and Other Startup Hubs: Throw More Parties”

PacBio’s $200M IPO, Ablexis’ 5-Way Big Pharma Deal, Codexis Morphs Into $100M Business, & More Bay Area Life Sciences News

This week, the life sciences tool industry grabbed a rare opportunity to take the spotlight away from its better known counterpart the biopharmaceutical business. —Menlo Park, CA-based Pacific Biosciences (NASDAQ: [[ticker:PACB]]) made the biggest headline this week when it pulled the trigger on a $200 million IPO that gave it a beginning market cap of … Continue reading “PacBio’s $200M IPO, Ablexis’ 5-Way Big Pharma Deal, Codexis Morphs Into $100M Business, & More Bay Area Life Sciences News”

Antigenics Expands Experimental Cancer Treatment, Novartis Adds to Cambridge Presence, Boston Scientific Sells Unit to Stryker, & More Boston-Area Life Sciences News

It was a meaty life sciences news week for us that was finished off with a scoop on a legal entanglement between a biotech startup, a research institute, and a big drugmaker. We also had profile stories on some interesting health IT companies, as well as breaking news on clinical trials and expansion moves by … Continue reading “Antigenics Expands Experimental Cancer Treatment, Novartis Adds to Cambridge Presence, Boston Scientific Sells Unit to Stryker, & More Boston-Area Life Sciences News”

Conatus Pharmaceuticals Receives $5,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=b649cad8-9789-4897-a5ad-13d9792d0258&Preview=1 Date 10/29/2010 Company Name Conatus Pharmaceuticals Mailing Address 4365 Executive Drive San Diego, CA 92121 Company Description The Conatus team pioneered the science of apoptosis and the clinical development of pan caspase inhibitors, validating this first-in-class technology. Conatus has well established relationships with key opinion leaders in the fields of hepatology, … Continue reading “Conatus Pharmaceuticals Receives $5,000,000 New Funding Round”

Silver Tail Systems Secures New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=1bb7f8c8-2753-4bfe-82f6-995c32351ba9&Preview=1 Date 10/29/2010 Company Name Silver Tail Systems Mailing Address 230 S. California Ave. Palo Alto, CA 94306 Company Description Silver Tail was founded by a team of fraud prevention experts who built anti-fraud and anti-phishing tools at eBay and PayPal. Through their experience and proprietary algorithms, they have built a system … Continue reading “Silver Tail Systems Secures New Funding Round”

CarbonFlow Lands $4,200,000 Series B Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=cd4bf51c-0af2-4d6c-bcf8-cb3d32762858&Preview=1 Date 10/29/2010 Company Name CarbonFlow Mailing Address 660 Third Street 1st Floor San Francisco, CA 94107 Company Description CarbonFlow, Inc. develops and markets software for carbon market participants. Website http://www.carbonflow.com Transaction Type Venture Equity Transaction Amount $4,200,000 Transaction Round Series B Proceeds Purposes The proceeds will be used to expand the … Continue reading “CarbonFlow Lands $4,200,000 Series B Funding”

SnapLogic Secures $10,000,001 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6aa93a34-d995-4572-b35d-b216ef745649&Preview=1 Date 10/29/2010 Company Name SnapLogic Mailing Address 28 East Third Avenue San Mateo, CA 94401 Company Description SnapLogic is an Open Source Internet data services solution that uses the universal standards and technologies of the Web and applies them to the problem of data integration. SnapLogic transforms data into data services … Continue reading “SnapLogic Secures $10,000,001 New Round”

Buddy Media Receives $5,000,000 Series C Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=97de6047-ff3a-46c2-8103-7d5f91b06483&Preview=1 Date 10/29/2010 Company Name Buddy Media Mailing Address 1845 Broadway New York, NY 10023 Company Description Buddy Media is a leading developer of applications for social media sites, including Facebook and MySpace. Buddy Media owns and operates more than 15 applications that have been added by more than 7 million Facebook … Continue reading “Buddy Media Receives $5,000,000 Series C Financing”

A Thousand Microbes in Your Mouth and Other Scenes From the 2010 TEDMED Conference

The TEDMED conference, with its two-hour sessions of engrossing 15-minute presentations on medical technology, education, and design, returned this week to the San Diego area’s famed Hotel del Coronado. Like its progenitor, the annual TED conference in Long Beach, the four-day TEDMED event cultivates an aura of exclusivity by mixing talks from celebrities, prominent CEOs, … Continue reading “A Thousand Microbes in Your Mouth and Other Scenes From the 2010 TEDMED Conference”

Extreme Science: Research innovations to address national security needs

From innovations in military armor to the ambition of clean energy through fusion, shock-wave physics research is at the core of many scientific advances vital to our nation’s security. Yogendra Gupta and his colleagues in the Institute for Shock Physics at WSU are at the forefront of this research, compressing materials to extreme pressures in … Continue reading “Extreme Science: Research innovations to address national security needs”

Future Energy Conference

The Future Energy Conference offers a forum to connect those developing strategies for energy security and economic development with the businesses making it happen. Event details and registration information here.

Zino Society—Red Hot Cool Yule

Held at the stunning Ferrari and Maserati showroom in Seattle, this year’s ZINO Society’s Red Hot, Cool Yule holiday party cannot be missed. Put on a little red and race over to this fast and festive fête. Event details and registration information here.

Zino Marketplace

ZINO Marketplace: Consumer Products and Services Investment Forum will bring together thought leaders, angel investors, VCs and entrepreneurs who are committed to innovation and the advancement of consumer products and services. Hear the founders of successful global companies grown right here in Washington. ZINO Marketplace will showcase 12-18 entrepreneurial companies who are seed, early stage, … Continue reading “Zino Marketplace”

PeerTransfer Picks Up $1.1M from Spark, Other Prominent Investors

Boston-area-based peerTransfer, a financial services software startup, said today it has raised its first financing round from an impressive list of venture capitalists and angel investors. The news was reported by the New York Times and other media outlets. This financing is news because of the core idea and who the investors are, more than … Continue reading “PeerTransfer Picks Up $1.1M from Spark, Other Prominent Investors”

UW Building $20M Fund to Back University Startups, Following the “Utah Model”

The University of Washington is in the final stages of putting together a $20 million investment fund, backed by wealthy individuals and foundations, that will rely heavily on business students to spin more startups out of university labs, Xconomy has learned. The new source of capital, called the Husky Bridge Investment Fund, has received commitments … Continue reading “UW Building $20M Fund to Back University Startups, Following the “Utah Model””

Bay Area Biotech Startup at Odds with Dana-Farber and Novartis Over Cancer Drug Rights

[Updated and corrected, 12:24 pm Eastern time on 11/02/10.] There’s been some wrangling over a potential breakthrough lung cancer drug in U.S. District Court in Boston, according to court records. The legal battle has pitted a little-known biotech firm in Millbrae, CA, called Gatekeeper Pharmaceuticals against the prominent Dana-Farber Cancer Institute in Boston and the … Continue reading “Bay Area Biotech Startup at Odds with Dana-Farber and Novartis Over Cancer Drug Rights”

LaserMotive Beams Power to “Quadrocopter” UAV, Breaks World Record for Electric Aircraft

A couple of startup companies set a world aviation record last night. But they were pretty low-key about it. As I walked into the Future of Flight Aviation Center in Mukilteo, WA, a half hour north of Seattle, I saw little activity. It was after hours, and the hangar-like building was nearly deserted except for … Continue reading “LaserMotive Beams Power to “Quadrocopter” UAV, Breaks World Record for Electric Aircraft”

The Two-Second Advantage: Talking with TIBCO’s Vivek Ranadivé

He might not have the profile of a Jobs, Ellison, or Zuckerberg, but in a region where so many corporations are identified with their iconic CEOs, Vivek Ranadivé stands out even more than most as the face and voice of his company. The tagline at Palo Alto, CA-based TIBCO Software (NASDAQ: [[ticker:TIBX]]) is “The Power … Continue reading “The Two-Second Advantage: Talking with TIBCO’s Vivek Ranadivé”

Boston Scientific to Sell Neurovascular Unit to Stryker for $1.5B

Natick, MA-based Boston Scienfic is getting out of the neurovascular business. The medical devices giant (NYSE:[[ticker:BSX]]) said today it has agreed to sell the business to Kalamazoo, MI-based Stryker (NYSE:[[ticker:SYK]]) for $1.5 billion in cash. The deal is expected to close before the end of the year, according to the companies. Boston Scientific said it … Continue reading “Boston Scientific to Sell Neurovascular Unit to Stryker for $1.5B”

Nearlyweds Raises $500K, Acquires OneWed, Aims to Make Tying the Knot Simpler

Seattle-based social wedding software company Nearlyweds said today it has closed a $500,000 equity financing round from Founder’s Co-op, Jon Kelly, Andy Liu, David Niu, and other investors. The startup also announced it has acquired Chicago-based OneWed for an undisclosed amount. Nearlyweds, founded in 2007, designs personalized wedding websites for couples for a flat rate. … Continue reading “Nearlyweds Raises $500K, Acquires OneWed, Aims to Make Tying the Knot Simpler”

New CEO for Idenix

Cambridge, MA-based Idenix Pharmaceuticals (NASDAQ: [[ticker:IDIX]]), an antiviral drug developer, announced today that it has promoted Ronald Renaud, Jr. to the position of president and chief executive. Renaud, who previously served as Idenix’s CFO and treasurer and most recently its chief business officer, will also take a seat on the company’s board of directors. He … Continue reading “New CEO for Idenix”

Life Technologies’ CEO Talks Strategy, Phenomix Falls, Arena Pharmaceuticals Grapples With FDA Setback, & More San Diego Life Sciences News

From the shutdown at Phenomix to the strategy insights shared by Life Technologies’ Greg Lucier, it was a big week for life sciences news. Get your update here and now. —The shot was fired back in April, but the wound proved fatal to Phenomix by the end of September. San Diego-Phenomix laid off its workforce … Continue reading “Life Technologies’ CEO Talks Strategy, Phenomix Falls, Arena Pharmaceuticals Grapples With FDA Setback, & More San Diego Life Sciences News”

PacBio IPO, Not Exactly the Netscape Moment of 2010, But a Win for Genomics

The Pacific Biosciences IPO was an important deal yesterday for more reasons than one. The Menlo Park, CA-based company (NASDAQ: [[ticker:PACB]]) not only was able to raise $200 million yesterday through an initial public offering in the middle of its expected range, but it established a lofty $800 million market valuation by life sciences industry … Continue reading “PacBio IPO, Not Exactly the Netscape Moment of 2010, But a Win for Genomics”

Ariad Pharma, After 18-plus Years, Sets Sights on Not One, But Two, Marketed Cancer Drugs

The cancer drug developer Ariad Pharmaceuticals (NASDAQ:[[ticker:ARIA]]) is headquartered on the same block in Cambridge, MA, as Millennium: The Takeda Oncology Company. Like Millennium has done with its game-changing cancer treatment bortezomib (Velcade), Ariad now has a big opportunity with the lead cancer drug in its pipeline, ridaforolimus. Ariad, which has no marketed products, could … Continue reading “Ariad Pharma, After 18-plus Years, Sets Sights on Not One, But Two, Marketed Cancer Drugs”

Triangulation: How Universities, Government, and Business Can Stir More Innovation

Successful innovation in the life sciences requires that three entities with fiercely independent cultures and largely non-overlapping goals—government, universities, and the private sector—have meaningful dialogues with each other. That is not happening at the moment. Consider the cycle for creating a therapy, diagnostic or medical device. Academic research is funded largely by the federal government, … Continue reading “Triangulation: How Universities, Government, and Business Can Stir More Innovation”

Washington Startups Bring in $51.7M in September, Healthcare, Internet, and Software Sectors Lead in Deals

Every month we take some time to look at the deals Washington tech and biotech companies inked in the month prior, and compare them to recent trends. Unlike our weekly investment deals roundups, these monthly features give us the opportunity to look back through both the large investment that made big headlines when they broke, … Continue reading “Washington Startups Bring in $51.7M in September, Healthcare, Internet, and Software Sectors Lead in Deals”

Omeros Nabs $25M from Paul Allen and the State, Immune Design Strikes 1st Big Deal, & More Seattle-Area Life Sciences News

A couple of sizable deals crossed the Seattle biotech news desk this week, and one of the Northwest’s main venture firms eagerly awaited its first IPO in a long time. —Omeros (NASDAQ: [[ticker:OMER]]), the Seattle biotech company, pulled in $25 million through an unusual deal that pooled $20 million from billionaire Paul Allen’s Vulcan Capital … Continue reading “Omeros Nabs $25M from Paul Allen and the State, Immune Design Strikes 1st Big Deal, & More Seattle-Area Life Sciences News”

$300K for Kiip

Kiip, a San Francisco-based mobile gaming ad startup led by 19-year-old Brian Wong, has closed a $300,000 round of seed funding from an assortment of venture and angel investors. TechCrunch broke the news and Wong confirmed the details in an e-mail to Xconomy. The stealth-mode startup’s backers include True Ventures, Keith Belling, Doug Chertok, Page … Continue reading “$300K for Kiip”

Dexrex Gear’s Technology Makes Instant, Text Messaging and Social Media Appropriate for the Workplace

There have been countless times where I’ve started a conversation on Facebook, expanded on it via e-mail, and wrapped it up through text messaging. For me, it’s not really a big deal, as I’m usually discussing weekend plans or roommate issues and not anything subject to examination by a federal agency. But for entities that … Continue reading “Dexrex Gear’s Technology Makes Instant, Text Messaging and Social Media Appropriate for the Workplace”

Solx Receives $3,700,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=900728a6-1f6e-4bff-992c-f81d89285612&Preview=1 Date 10/28/2010 Company Name Solx Mailing Address 98 Ruddock Rd. Sudbury, MA 01776 Company Description The SOLX Glaucoma Treatment System is the next generation treatment platform that has the potential to change the current approach to glaucoma therapy. Website http://www.solx.com Transaction Type Venture Equity Transaction Amount $3,700,000 Transaction Round Undisclosed Proceeds … Continue reading “Solx Receives $3,700,000 New Financing Round”

Nearlyweds Lands $500,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=38ba3b97-05e0-49cd-9080-4243aac9832d&Preview=1 Date 10/28/2010 Company Name Nearlyweds Mailing Address 2722 Eastlake Ave. E. Seattle, WA 98102 Company Description The company operates a website that helps couples make unique wedding plans. Website http://www.nearlyweds.com Transaction Type Venture Equity Transaction Amount $500,000 Transaction Round Undisclosed Proceeds Purposes Concurrent with the financing, the startup announced that it … Continue reading “Nearlyweds Lands $500,000 New Funding Round”

VeloMedix Obtains $4,254,770 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=89278b53-ff67-48d4-8ec7-3bf8f55fab2f&Preview=1 Date 10/28/2010 Company Name VeloMedix Mailing Address 1445 Adams Dr. Menlo Park, CA 94025 Company Description VeloMedix, Inc. is a therapeutic hypothermia company that safely cools much more rapidly than competitive technologies. Website http://www.velomedix.com Transaction Type Debt Transaction Amount $4,254,770 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC … Continue reading “VeloMedix Obtains $4,254,770 New Financing Round”

AppToU Secures $1,822,467 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=78f2722d-409a-4b6d-b125-85b86df2d9fc&Preview=1 Date 10/28/2010 Company Name AppToU Mailing Address 505 Seale Avenue Palo Alto, CA 94301 Company Description The company is developing “simplified personalized ubiquitous application delivery” technologies. Website http://www.apptou.com Transaction Type Debt, Venture Equity Transaction Amount $1,822,467 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms … Continue reading “AppToU Secures $1,822,467 New Financing Round”

Kiip Garners $300,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=8dd37bac-5906-44d1-b465-951879b0707c&Preview=1 Date 10/28/2010 Company Name Kiip Mailing Address Undisclosed San Francisco, CA 94123 Company Description The company designs mobile gaming advertising technologies. Website http://www.kiip.com Transaction Type Venture Equity Transaction Amount $300,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor True Ventures Venture Investor Individual Investor

ReadyForZero Obtains $260,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c911e32c-16eb-4cb0-85f1-a556debd7564&Preview=1 Date 10/28/2010 Company Name ReadyForZero Mailing Address Undisclosed San Francisco, CA 94105 Company Description ReadyForZero is a site that lets you track your credit card debt, and make and follow a plan to eliminate it. Website https://www.readyforzero.com Transaction Type Venture Equity Transaction Amount $260,000 Transaction Round Undisclosed Proceeds Purposes The startup … Continue reading “ReadyForZero Obtains $260,000 New Financing”

Avalanche Technology Obtains $5,500,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=df9d7278-0a81-45d6-828f-e0ced3dde780&Preview=1 Date 10/28/2010 Company Name Avalanche Technology Mailing Address 48371 Fremont Blvd Fremont, CA 94538 Company Description Avalanche Technology set out to fundamentally change the $53B memory industry with a disruptive low power non-volatile magnetic memory. Not only solving the technology scaling challenges faced by existing charge based memories, Avalanche is also … Continue reading “Avalanche Technology Obtains $5,500,000 New Funding”

peerTransfer Receives $1,100,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=82a8792a-8c28-4c2f-8e41-2ecc7067a0fb&Preview=1 Date 10/28/2010 Company Name peerTransfer Mailing Address 222 3rd St., Fourth Floor Cambridge, MA 02142 Company Description peerTransfer is the pioneer in low cost online international money transfer and global payments, helping individuals and businesses securely transfer funds internationally while saving money. Website http://www.peerTransfer.com Transaction Type Venture Equity Transaction Amount $1,100,000 … Continue reading “peerTransfer Receives $1,100,000 New Financing Round”

SpaceX Receives $50,000,000 New Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=def441d4-2f94-4341-bfca-a2e391df5adc&Preview=1 Date 10/28/2010 Company Name SpaceX Mailing Address 1 Rocket Rd. Hawthorne, CA 90250 Company Description Our company is based on the philosophy that simplicity, low-cost, and reliability can go hand in hand. By eliminating the traditional layers of management, internally, and sub-contractors, externally, we reduce our costs while speeding decision making … Continue reading “SpaceX Receives $50,000,000 New Financing”

PlaceIQ Garners $800,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=41222d38-2be4-40d1-b52a-8bf62d2c210e&Preview=1 Date 10/28/2010 Company Name PlaceIQ Mailing Address 1426 Pearl Street Boulder, CO 80302 Company Description The company is developing location-based technologies. Website http://www.PlaceIQ.com Transaction Type Venture Equity Transaction Amount $800,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. SEC regulatory filing. M&A Terms Venture Investor Undisclosed

Meet Xconomy’s Tech Editors, Wade Roush and Greg Huang, Friday in Seattle

We’ve been having a lot of fun with our informal Xconomy Meetups, and now I really have a good excuse to do another one. Xconomy’s chief correspondent and San Francisco editor, Wade Roush, and Boston editor Greg Huang—who many of you know well from his two-year run as editor of this bureau—will both be in … Continue reading “Meet Xconomy’s Tech Editors, Wade Roush and Greg Huang, Friday in Seattle”

InVivo Completes Reverse Merger, Raising $10.5M

Cambridge, MA-based InVivo Therapeutics said today it has completed a reverse merger and is conducting a $10.5 million private placement financing in part to fund a human study of its implant to treat spinal cord injuries. The firm did the reverse merger with an entity called InVivo Therapeutics Holdings, and it will be quoted on … Continue reading “InVivo Completes Reverse Merger, Raising $10.5M”

Agricultural Biotech Cibus Expanding as Launch of First Enhanced Crop Nears

[Corrected 10/28/10, 9:45 am. See below.] San Diego-based Cibus Global held an open house last night at the company’s new headquarters, which gave me an opportunity to get an update from CEO Keith Walker on the agricultural biotech’s growth spurt since last year. The startup, which officially spun out of Pennsylvania-based ValiGen in late 2001, … Continue reading “Agricultural Biotech Cibus Expanding as Launch of First Enhanced Crop Nears”