5AM Gathers $200M Fund, Advanced Cell Technology Advances with $2.8 Million, Gloucester Picked up for $640M, & More Boston-Area Deals News

12/11/09

Lots of deals to report this week from New England tech and life sciences companies.

—Gloucester Pharmaceuticals of Cambridge, MA, agreed to an acquisition by Summit, NJ-based Celgene (NASDAQ: CELG). Gloucester will get $340 million in cash, plus $300 million in future milestone payments out of the deal, which is expected to close by the end of March.

Advanced Cell Technology raised $2.77 million in financing from debt and options, an SEC filing. The Worcester, MA-based company hopes to be the first to bring embryonic stem cell technology into clinical trials.

—Waltham, MA- and Menlo Park, CA-based 5AM Ventures raised a $200 million new fund, which it plans to invest in drugs, diagnostics, materials, medical devices, and reagents.

—Mobile software startup Movik of Littleton, MA, raised $8.5 million in new equity-based financing, according to regulatory documents filed last Friday. Existing investors Highland Capital Partners and North Bridge Venture Partners participated in the round. Movik CEO Ramji Raghavan is a former general manager at Telsima, founder and former chief technology officer at Coriolis Networks, and a veteran of Digital Equipment and Cabletron.

—Waltham-based ModusLink Global Solutions (NASDAQ: MLNK), a supply chain management and e-business outsourcing provider, shelled out $30 million in cash for Boulder, CO-based e-retailer Tech For Less.

—Maine-based Hydro-Photon, developer of handheld water purification devices, raised just shy of $2 million in equity, according to regulatory filings.

—Cambridge-based drug developer Epizyme added $8 million to its Series B venture financing from New Enterprise Associates, bringing the total for the round to $40 million.

—Cambridge-based Parasol Therapeutics, an MIT spinoff developing treatments and diagnostics for influenza and other viruses, raised $3.2 million in debt and equity financing, according to … Next Page »

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  • IGRQ

    Go Advanced Cell Technology!!!! Everyone is rooting for you to succeed! Cure blindness, bring infinit supplies of blood to the masses, and cure damaged hearts after heart attacks, prevent amputations by rebuilding blood vessals! And do it all more ethically than any other embryonic stem cell company!!!! You are awesome!!!! Robert Lanza is awesome!!!!

    ACTC.OB Advanced Cell Technology!