Tesaro rode the clinical success of a cancer drug called niraparib (Zejula) to a three-fold increase in value over the past year. Today it’s cashed in the drug again, striking a licensing deal with Japan’s Takeda Pharmaceutical.
After weeks of hints, rumors, and speculation, it’s now official: Foxconn, the world’s largest contract manufacturer, said it will invest $10 billion over the next three years to build an enormous plant in Southeastern Wisconsin and make electronics displays there.
President... Read more »
A federal judge ruled earlier this week that Apple must pay an additional $272 million to the organization that manages patents and licensing of intellectual property for the University of Wisconsin-Madison for infringing one of its patents, according to court documents.... Read more »
Dallas—Prodea Systems, a suburban Dallas maker of Internet-connected software, has acquired a California-based competitor, Arrayent.
“There are more and more services and systems and devices that would become smart and try to deliver information,” Anousheh Ansari, Prodea’s co-founder and CEO,... Read more »
Genomics startups are increasing in number and quality, so much so that three-year-old Illumina Accelerator has expanded with its latest class to accommodate five of them. Xconomy got an early look at the specialty accelerator’s sixth cohort, which includes a company... Read more »
Convoy, a startup trying to modernize the way truck drivers connect with customers, just got a $62 million boost from investors including the Y Combinator Continuity Fund and Microsoft co-founder Bill Gates.
The Seattle startup, which makes technology that would automate... Read more »
Toast, the fast-growing restaurant technology company, has just been served a heaping portion of venture capital to continue expanding.
The University of Michigan’s Desai Accelerator, a collaboration between the school’s College of Engineering and the Ross School of Business, has chosen four startups for its summer 2017 cohort, the program’s second class this year.
The accelerator, which is open to... Read more »
San Diego’s Effector Therapeutics, a five-year-old cancer drug developer, has raised $38.6 million in new venture capital funding. The Series C financing, led by Pfizer Venture Investments, brings total funding for Effector to about $150 million, CEO Steve Worland said late... Read more »
Stay current on news from Wisconsin’s innovation community with these recent headlines:
—The Water Council, based in Milwaukee, unveiled the five startups in the latest class of its water tech accelerator, dubbed “Business. Research. Entrepreneurship. In Wisconsin.”—the BREW for short. Three... Read more »
While the Pokémon Go craze has faded from many peoples’ memories, a ruling on a lawsuit brought by a company that makes similar games against a Wisconsin county could have significant implications for augmented reality application developers.
On Thursday, U.S. District... Read more »
Adam Riggs-Zeigen has come a long way since 2013, when he co-founded San Diego’s Rock My World and introduced the mobile app RockMyRun to provide upbeat music playlists to motivate smartphone-equipped runners.
“We found that it expanded into other avenues, like... Read more »
Austin—Self Lender, a credit-building loan app, reports that it has raised $5 million in funding.
Investors include Deep Space Ventures in Dallas, Silverton Partners in Austin, Acumen Venture Partners, and Accion Venture Lab, says James Garvey, Self Lender’s founder and... Read more »