Deerfield Management pledges $65 million to Northwestern for drug development
Northwestern announced Thursday it is partnering with Deerfield Management, an investment management company, to launch Lakeside Discovery LLC in order to help develop new drugs. Deerfield, which pledged up to $65 million, will help shepherd potential drugs to the Food and Drug Administration to get them approved for human testing. Alicia Löffler, executive director of […]
AHA, Philips, UPMC launch $30M venture fund for cardiovascular innovation
The American Heart Association, the University of Pittsburgh Medical Center, and healthcare tech company Royal Philips have partnered to finance a new $30 million venture fund, according to a statement. Called Cardeation Capital, the fund will be managed by Aphelion Capital, a healthcare and medical tech VC firm, and focused on promoting innovative technologies targeting […]
Startup companies speed pitch at Texas A&M’s New Ventures Competition
In 20 minutes, six companies proved their worth to a panel of judges and a collection of investors Thursday at this year’s Texas A&M New Ventures Competition. Ultimately, Alex Wesley’s Arovia took the top prize of $50,000 for the Spontaneous Pop-Up Display or SPUD, the desktop-size collapsible display that uses umbrella technology for portability. With […]
Johns Hopkins startup gets funding from company turning research into businesses
IP Group, which works with a group of universities and government labs including Hopkins, is providing funding to Lorem Therapeutics. The company is led by Barbara Slusher, a Johns Hopkins School of Medicine professor who directs the university’s largest drug discovery program. It’s the first company to receive funding from the company, though the amount was not disclosed. Lorem Therapeutics is focusing on development […]
University of Michigan Vesper Mics Up With $23M From Amazon, American Family, Baidu, Bose
Vesper Technologies, a high-tech microphone startup trying to ride the wave of voice-controlled devices, has summoned a $23 million investment from a group of well-known tech companies, venture capitalists, and an insurance firm. The Series B funding round was led by American Family Ventures, the venture arm of Madison, WI-based American Family Insurance. Other investors in […]
Purdue Ag-celerator invests $100,000 in two plant science startups – Purdue University
The Purdue Ag-celerator Fund has invested a total of $100,000 in two plant science startups for the spring round of investments. The recipients are JUA Technologies International LLC, a startup building multipurpose crop dehydrators, and ZeaVaxx LLC, a startup developing a plant-derived nanoparticle that can improve animal vaccines. “The Ag-celerator is moving into the third year in its goal to […]
U Virginia Ceres hits milestone, receives $5.5M new funding
Ceres Nanosciences (Ceres) is announcing today that it has reached a key product development milestone for its Nanotrap® Lyme Antigen Test System. The Nanotrap® Lyme Antigen Test System will proceed into manufacturing and analytical performance testing this year and is on track for clinical study and FDA submission in 2019. “The Nanotrap® Lyme Antigen Test […]
$35 million in NIH funding launches health research accelerator with UChicago
The University of Chicago and UChicago Medicine are part of a new health research accelerator that has launched thanks to nearly $35 million from the National Institutes of Health. The Institute for Translational Medicine will work to improve people’s lives by pursuing research breakthroughs and getting those discoveries into the real world. “This vital initiative will help drive […]
U Buffalo CTSI Awards Translational Research Project Grants
Using local institutional support and an award from the National Center for Advancing Translational Sciences (NCATS), National Institutes of Health, the CTSI has funded nine projects involving researchers from the Jacobs School of Medicine and Biomedical Sciences. New Technologies, Therapeutics Sought The pilot studies program provides seed money to help advance new technologies and therapeutics from the conceptual […]
Purdue Foundry Fund Makes More Investments
The Elevate Purdue Foundry Fund has invested more than $500,000 into 11 Purdue University startups. The funding includes five companies receiving $80,000 each for achieving “Gold Award” investment status. The fund is a joint venture between private venture development organization Elevate Ventures and entrepreneurship and commercialization accelerator Purdue Foundry. Purdue Ventures Managing Director John Hanak […]