fund in Biological Technology

Clavis Pharma Raises NOK 129 Million (USD 20 Million) in a Private Placement to Fund Further Development of its Pipeline of Novel Anticancer Drug Candidates

OSLO, Norway, June 26 /PRNewswire-FirstCall/ -- Clavis Pharma ASA (OSE: CLAVIS) today announced that the Company has raised NOK 129 million (equivalent to USD 20 million) in gross proceeds through a private placement of 10,750,000 new shares, each with a par value of NOK 1.00 at a price of NOK...

Walsh College and Ford Motor Company Fund and Community Services Team Up To Offer New Series of 'Take Charge' Workshops for the Unemployed

June 8 kick-off event at Walsh College Troy campus to feature panel discussion, networking workshop, and job seekers networking event TROY, Mich., June 2 /PRNewswire/ -- Walsh College and Ford Motor Company Fund and Community Services have teamed up to offer a new series of...

Divergence Receives $1.2 Million in Grants, Including NSF Grant to Fund Continuing Nematode Research in Corn

Company's work could help farmers protect against billions in pest losses annually St. Louis, MO (PRWEB) April 29, 2009 -- In the past year, St. Louis biotech firm Divergence, Inc. , has received more than $1.2 million in research grants, including a $500,000 grant jus...

Biotechnology Value Fund Urges Stockholders to Remove and Replace Current Board of Avigen, Inc. in an Effort to Protect and Maximize Stockholder Value

NEW YORK, March 12 /PRNewswire/ -- Biotechnology Value Fund, L.P. ("BVF"), today announced that it has sent a letter to the stockholders of Avigen, Inc. (Nasdaq: AVGN ) urging stockholders to remove the current members of the Avigen Board and replace them with BVF's four new, stockholder-oriente...

Heptares Secures GBP21 Million in Series A Fund Raising to Accelerate Development of Pipeline of Small Molecules Against High-Value GPCR Drug Targets

LONDON, February 24 /PRNewswire/ -- - Syndicate Comprises Leading Sector Investors Clarus Ventures, MVM Life Science Partners and Novartis Option Fund Heptares Therapeutics Ltd, the drug discovery company focused on drugs targeting G-protein-coupled receptors (GPCRs), announces t...

Life Sciences Discovery Fund Awards $4.7 Million to Support New Vaccine Program

SEATTLE, Dec. 16 /PRNewswire/ -- The Washington Life Sciences Discovery Fund (LSDF) has awarded nearly $4.7 million to launch the start-up phase of the Washington Vaccine Alliance (WAVA) and to support initial research into three new vaccines for E. coli, herpes and syphilis. Announced today, the ...

Biotechnology Value Fund Delivers Letter to Board of Directors of Avigen, Inc.

Urges Board to Take Immediate Action to Protect and Maximize Shareholder Value CHICAGO, Dec. 11 /PRNewswire/ -- Biotechnology Value Fund, L.P., the owner, together with its affiliates, of nearly 29% of the outstanding shares of common stock of Avigen, Inc. (Nasdaq: AVGN ) announced toda...

Microbix Uses Core Business Cashflow To Fund Late-Stage Pipeline To Build Shareholder Value In 2009

Year-End Results Show 2008 Revenue Growth Of 23% TORONTO, Dec. 10 /PRNewswire-FirstCall/ - In a news release today, Microbix announced results for the fiscal year ended September 30, 2008. Revenues from its profitable core business are continuing to fund Microbix Biosystems Inc.'s (TSX:MB...

Starfish Ventures Closes Australia's Largest Venture Capital Fund With $185 Million Tech Fund

MELBOURNE, Australia, Nov. 12 /PRNewswire/ -- Melbourne-based Starfish Ventures announced today the successful closure of its Starfish Technology Fund II at $185 million, the largest venture capital fundraising in Australia. The fund will invest in ICT, Life Sciences and Cleantech companies. ...

Ameristar National Charity Golf Classic Raises More Than $1.1 Million for Buoniconti Fund to Cure Paralysis and Christopher & Dana Reeve Foundation

Event Raises $4.6 Million in Four Years ST. CHARLES, Mo., Oct. 2 /PRNewswire-FirstCall/ -- Ameristar Casinos, Inc. (Nasdaq: ASCA ), announced today that the fourth annual Ameristar National Charity Golf Classic, hosted by the Ameristar Cares Foundation, the Company's philanthr...

Novagali Pharma Completes a EUR15 Million Fund Raising

EVRY, France, September 26 /PRNewswire/ -- Novagali Pharma, a French Laboratory specialized in ophthalmology announces today it has secured EUR15 million in a new financing round with the participation of the historical Company investors. Thanks to this new contribution Novagali Pharma will ...

Cardinal Health Invites Health Care Providers to Apply for $1 Million in Grants to Fund Patient Safety Initiatives

DUBLIN, Ohio, Sept. 17 /PRNewswire-FirstCall/ -- The Cardinal Health Foundation today announced that for the second year, it will award more than $1 million in funding to help U.S. hospitals, health systems and community health clinics improve patient safety and health care quality. Cardinal...

Cequent Pharmaceuticals Meets Novartis Option Fund Milestone; Continues to Next Phase to Validate Inflammatory Bowel Disease Targets in Vivo

CAMBRIDGE, Mass., Sept. 15 /PRNewswire/ -- Cequent Pharmaceuticals, a pioneer in the development of novel products to deliver RNAi-based treatments to prevent and treat human disease, announced that it has met its second milestone in its option agreement with the Novartis Option Fund and will ...

Pacific Biosciences Raises $100 Million to Fund Commercial Product Development

MENLO PARK, Calif., July 14 /PRNewswire/ -- Pacific Biosciences announced today that it has secured $100 million in a Series E private equity financing round. The proceeds will be used to fund the commercial development of the company's innovative single-molecule, real-time (SMRT(TM)) DNA sequ...

Genta Secures Up to $40 Million Convertible Financing Facility to Fund Key Programs

BERKELEY HEIGHTS, N.J., June 5 /PRNewswire-FirstCall/ --Genta Incorporated (OTC Bulletin Board: GNTA) announced today that the Company has entered into definitive agreements with institutional and accredited investors to place Senior Secured Convertible Notes due 2010 totaling in aggregate up ...

RiverVest Venture Partners(R), a St. Louis-Based Venture Capital Firm Focusing on Life Sciences, Closes on Fund II, Names John P. McKearn, Ph.D., Venture Partner

ST. LOUIS, April 11, 2008 /PRNewswire/ -- RiverVest Venture Partners announced today that it has completed fundraising for its second fund, RiverVest Venture Fund II, L.P., with total committed capital of $75 million from private investors. RiverVest's first fund, which was licensed as a Small...

Win a $10,000 Education Fund for Your Miracle Child

Ferring Pharmaceuticals Announces 2008 My Little Miracle Essay Contest PARSIPPANY, N.J., April 9, 2008 /PRNewswire/ -- If you are a parent who has successfully given birth using Ferring Pharmaceuticals' fertility products, you can win a $10,000 education fund to support your child's future. E...

Cure HIV Reaches Out to Foundation Community to Fund LiSAVIOR

HILTON HEAD ISLAND, S.C., April 1 /PRNewswire/ -- Dr. Roger Kenneth Hershline, PhD, MD, the CEO of Global Humanceuticals, Inc. and founder and chairman of the not-for-profit public charity CureHIV.us, announces today that he is reaching out to the funder community, including funding initiative...

Global Probiotics Council Announces Young Investigator Grant for Probiotics Research to Fund the Next Generation of Gut Microbiota Research

ALEXANDRIA, Va., Feb. 6 /PRNewswire/ -- The Global Probiotics Council (GPC), a committee established in 2004 by Groupe DANONE and Yakult Honsha Co., Ltd., announced the Young Investigator Grant for probiotics research program (YIGPRO) today. The two annual grants are designed to stimulate inno...

MedImmune Broadens Focus of Venture Capital Fund to Include New Therapeutic Areas

- Expands Staff to Continue Record of Investment Success - GAITHERSBURG, Md., Jan. 7 /PRNewswire/ -- MedImmune, the operationally independent worldwide biologics unit of AstraZeneca plc (LSE: AZN.L, NYSE: AZN), today announced that its highly successful venture capital fund, MedImmune V...

Edison Innovation Fund Helps Tris Pharma Expand

New Jersey Provides Support to Emerging Leader in Life Sciences R&D to Ensure Continued Growth TRENTON, N.J., Dec. 6 /PRNewswire/ -- The New Jersey Economic Development Authority (EDA) announced today that Tris Pharma, Inc. will expand its pharmaceutical manufacturing c...

Carl Marks Seeds New Healthcare Fund Through Strategic Partnership With BlueStar Capital Management

NEW YORK, Nov. 28 /PRNewswire/ -- Carl Marks & Co. LP has partnered with BlueStar Capital Management LP to launch the BlueStar CM Life Sciences Focus Fund LP. The partnership also gives Carl Marks a stake in BlueStar Capital Management, which invests in healthcare hedge funds, and an increased...

Enigma Diagnostics Announces a European Commission Award of EUR3 Million to Fund the Development of a Point of Care Platform for the Rapid Diagnosis of Influenza Infections

A Fully Automated, Portable Solution for In-Clinic and Out-Reach Influenza Testing PORTON DOWN, England, October 3 /PRNewswire/ -- Enigma Diagnostics, the life sciences company developing rapid molecular diagnostics and detection systems, announces a EUR3 million ...

Cardinal Health Establishes $1 Million Grant Fund for Initiatives That Improve Quality, Safety of Patient Care

New Fund is Largest and First of its Kind in Private Sector DUBLIN, Ohio, Aug. 28 /PRNewswire-FirstCall/ -- To support initiatives that enhance patient safety and quality of care, Cardinal Health announced today it is granting up to $1 million to fund new and innovative programs at hospi...

Merck Serono Launches Strategic Venture Capital Fund

- New Venture Capital Fund Will Invest in Biotech Start-up Companies Focused on Merck Serono's Core Therapeutic Areas GENEVA, March 23 /PRNewswire/ -- Merck Serono, a division of Merck KGaA, Darmstadt, Germany, announced today the formation of 'Merck Serono Ventures', a strategic, cor...

Index Ventures Closes Euro 350 Million Early Stage Fund

Ben Holmes Named Partner LONDON, March 3 /PRNewswire/ -- Index Ventures today announced the closing of a euro 350 million early stage fund, Index Ventures V. The fund is dedicated to early stage and seed investments in the technology, biotechnology and clean technology sectors across Europ...

ZINO Society Spurring Investments, 12 Life Sciences Companies to Vie for $50,000 ZINO Life Fund

SEATTLE, Feb. 10 /PRNewswire/ -- A $50,000 investment fund will be awarded to the best investment opportunity at the ZINO Society and Washington Biotechnology and Biomedical Association inaugural ZINO Life: Life Sciences Investment Forum, to be held February 24, 2009, 2:00-6:00pm at the Pan Pa...

Aisling Capital Announces Close of US$650M Life Sciences Fund

NEW YORK, Jan. 7 /PRNewswire/ -- Aisling Capital announced today that it raised US$650 million in committed capital for its newest life sciences fund, Aisling Capital III, LP. Aisling Capital will invest its third fund primarily in companies developing pharmaceutical, biopharmaceutical and medical...

Arbel Medical has Completed a $4.5 million Round of Capital Raising led by Giza Venture Capital Fund

YOKNEAM, Israel, July 17 /PRNewswire/ -- Arbel Medical, an Israeli start-up developing the next generation of medical equipment for removing tumors by freezing (cryotherapy), has completed raising $4.5 million of capital in its second round, led by the Giza Venture Capital fund. The Docor In...

Clarus Ventures Closes $660 Million Fund

Brings assets under management to $1.2 billion CAMBRIDGE, Mass. & SOUTH SAN FRANCISCO, Calif., Feb. 25 /PRNewswire/ -- Clarus Ventures, LLC ("Clarus Ventures"), a leading life sciences venture capital firm, announced today the single close of Clarus Lifesciences II, L.P. ("Clarus ...

Pfizer Animal Health and NTRA Charities Team Up to Benefit the Barbaro Memorial Fund

Promotions Support Fund's Goal of Finding a Cure for Laminitis NEW YORK, Jan. 31 /PRNewswire/ -- Pfizer Animal Health and the National Thoroughbred Racing Association (NTRA) have joined forces to help fund laminitis research through the NTRA Charities - Barbaro Memorial Fund. The partners...

DRI Capital Launches Structured Finance Fund

TORONTO, Jan. 7 /PRNewswire/ -- DRI Capital (formerly Drug Royalty Corporation Inc.) announced today that it has expanded its investment strategy and has launched a Structured Finance Fund with approximately US$300 million. This hybrid debt and equity fund is focused on providing both revenue ...

Ann Arbor SPARK Receives $3.75M from Michigan's Company Formation & Growth Fund

Five Companies Receive Initial Funding to Retain Pfizer Assets, Talent ANN ARBOR, Mich., Nov. 29 /PRNewswire/ -- Ann Arbor SPARK has been awarded $3.75 million by the state of Michigan through the 21st Century Jobs Fund. The Company Formation and Growth Fund, a state of Michigan loan fund wit...

Jerusalem Global Ventures Announces $200 Million Growth Equity Fund

JERUSALEM, November 29 /PRNewswire/ -- Jerusalem Global Ventures today announced that it will soon be launching JGV Growth Equity Fund, L.P., a $200 million fund. The Fund will invest in private Israeli related technology companies that are on a trajectory to IPO within three years and have a ...

Gilde Healthcare Partners Closes EUR 150 Million European Healthcare Venture Fund

New Gilde Healthcare II Fund More Than Doubles Assets Under Management UTRECHT, The Netherlands, October 3 /PRNewswire/ -- Gilde Healthcare Partners, a rapidly growing European venture capital firm, today announced the closing of its EUR 150 million (USD 213 million) venture fund, Gilde Healt...

Milwaukee Company Raises $90 million VC Fund for Midwest Projects

Now Largest Venture Capital Firm Based in Wisconsin MILWAUKEE, WI- Baird Venture Partners (BVP) has raised and closed an additional round of fund raising that increases the value their fund to $90 million to support applied technology, life sciences, healthcare and business service with a pre...

WTN Interview: HHS Secretary calls for $550 million health care fund to reduce deaths caused by medical errors

Dont forget Wisconsin Thompson tells BIO attendees Editors note : SAN FRANCISCO Wisconsins consummate cheerleader, former governor and current Secretary of Health and Human Services Tommy Thompson, was the featured lunch keynote speaker Monday at the BIO 2004 Conference, talking place thi...

Wisconsin Development Fund awards announced

Grants aid technology development and labor training Golden Batch Sugar Wafers Source: Heritage Wafer MADISON, Wis. Gov. Jim Doyle announced Thursday that 10 recipients will share $555,210 in Wisconsin Development Fund awards. The awards were made at the Wisconsin Development Finance Boar...

$2 million venture debt fund available for high-growth Dane County businesses

MADISON, Wis. Entrepreneurs at emerging companies often face a dilemma as they reach a stage in the firm's development that requires additional capital for growth, but are challenged by either the lack of seed and venture capital, or traditional bank financing requirements. The Madison Develop...

Badger Ventures plans to fund IT; partisan stem-cell battle; BadgerNet draws fire

Badger Ventures, a newly forming venture capital firm, hopes to make waves in Madison and gather funding to invest in information technology companies. Also, state Assembly Republicans moved to deny new research tax credits to companies doing studies that require destroying embryos, and the state d...