Genzyme Sheds Testing Unit, Red Bend Acquires VirtualLogix, Acceleron Forges Alliance with Shire, & More Boston-Area Deals News
New England’s life sciences companies inked the majority of this week’s deals, but several software firms had interesting business to report as well.
—Boston-based startup Rhythm Pharmaceuticals completed its Series A financing round with a total of $40 million. Third Rock Ventures participated in the closing, joining MPM Capital and New Enterprise Associates, who led a $21 million initial closing of the round back in March.
—Database software maker VoltDB of Billerica, MA, raised $5 million in an equity-based round of funding, according to a regulatory filing. Four investors participated in the round, according to the filing; members of Sigma Partners and Kepha Partners are listed on the document as VoltDB directors.
—Waltham, MA-based Red Bend Software acquired Santa Clara, CA-based VirtualLogix for an undisclosed sum. Both companies make software for the mobile market—Red Bend’s technology allows for over-the-air management of mobile devices’ software and VirtualLogix’s technology enables mobile handsets to run multiple operating systems.
—Cambridge, MA-based Anchor Therapeutics inked an agreement worth up to $480 million with the Ortho-McNeil-Janssen Pharmaceuticals subsidiary of Johnson & Johnson (NYSE: JNJ). The deal gives Ortho-McNeil-Janssen access to Anchor’s “pepducin” drug technology, and focuses on several drug targets in the fields of cancer and metabolic diseases.
—ByAllAccounts of Woburn, MA, raised $5 million in a deal led by Castile Ventures, and joined by Commonwealth Capital Ventures. The startup, which raised $5 million in a Series A round led by Commonwealth in 2008, makes technology that … Next Page »