San Diego Life Sciences Roundup: Optimer, Volcano, Avelas Bio, & More
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entirely from San Diego’s Avalon Ventures. Proceeds of the funding would be used to advance development the use of fluorescing tags that change color in the presence of cancer cells. The technology originated in the UC San Diego lab of Roger Tsien, who shared the 2009 Nobel Prize in chemistry for his work.
—Biomatrica, a San Diego startup developing anhydrobiosis technology for preserving and storing biological samples at room temperature, said it has raised $5 million in private financing. In a statement from the company, Biomatrica CEO Judy Muller-Cohn said the proceeds would enable Biomatrica to accelerate the launch of new technologies and products that will stabilize diagnostic assays at ambient temperature. Biomatrica said it also is getting funding from the Defense Advanced Research Project Agency (DARPA) to help research some of the hardest problems in keeping biological samples stable.
—Sialix, a Cambridge, MA-based startup developing products to treat and prevent cancer and chronic inflammation, said its laboratory has moved into San Diego-based Janssen Labs, the no-strings-attached accelerator for life sciences startups. Sialix said it also has established a scientific advisory board to help guide the company’s research and development around diseases associated with ingesting non-human sialic acid, found in red meat and other dietary sources. Sialix also formed a business advisory board to guide the company’s strategy for both oncology and nutritional supplements.
—San Diego-based Qualcomm (Nasdaq: QCOM) said its Qualcomm Life subsidiary signed an agreement with Tri-City Medical Center and Valued Relationships to use the company’s proprietary 2net Platform and Hub to help reduce hospital readmissions. Under the agreement, Qualcomm Life will provide its 2net wireless health monitoring technology to patients in their homes within 48 hours of discharge from the Oceanside, CA-based hospital.