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		<title>Pathogenetix Nabs $4M</title>
		<link>http://www.xconomy.com/boston/2011/08/01/pathogenetix-nabs-4m/</link>
		<pubDate>Mon, 01 Aug 2011 16:02:41 +0000</pubDate>
		<dc:creator>Erin Kutz</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=149224</guid>
		<description><![CDATA[Pathogenetix, a Woburn, MA-based company formerly named U.S. Genomics, has raised $4 million of an equity offering that could total $9.5 million, an SEC filing shows. Last November, the firm, which develops biodefense and diagnostic technologies, raised $900,000 of a debt-based round and $1.3 million in an equity financing—the latter of which was bumped up [...]]]></description>
			<content:encoded><![CDATA[ 
		 
		<strong>Erin Kutz</strong>
		<p>Pathogenetix, a Woburn, MA-based company formerly named U.S. Genomics, has raised $4 million of an equity offering that could total $9.5 million, an SEC filing <a href="http://www.sec.gov/Archives/edgar/data/1138318/000113831811000001/xslFormDX01/primary_doc.xml">shows</a>. Last November, the firm, which develops biodefense and diagnostic technologies, raised <a href="http://www.xconomy.com/boston/2010/11/05/debt-equity-deals-for-pathogenetix/">$900,000 of a debt-based round and $1.3 million in an equity financing</a>—the latter of which was bumped up to $1.5 million a month later, according to SEC <a href="http://www.sec.gov/Archives/edgar/data/1138318/000113831810000007/xslFormDX01/primary_doc.xml">documents</a>.</p>
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		<title>Debt, Equity Deals for Pathogenetix</title>
		<link>http://www.xconomy.com/boston/2010/11/05/debt-equity-deals-for-pathogenetix/</link>
		<pubDate>Fri, 05 Nov 2010 14:24:38 +0000</pubDate>
		<dc:creator>Erin Kutz</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=110607</guid>
		<description><![CDATA[Woburn, MA-based biotech Pathogenetix, formerly known as U.S. Genomics, has raised $1.3 million in equity-based funding, and $900,000 of a planned $1.2 million debt-based offering, according to filings with the SEC. U.S. Genomics developed biodefense and diagnostic technologies, and raised $4.5 million in private equity funding from Becton, Dickinson &#38; Co in 2008, as part of [...]]]></description>
			<content:encoded><![CDATA[ 
		 
		<strong>Erin Kutz</strong>
		<p>Woburn, MA-based biotech Pathogenetix, formerly known as U.S. Genomics, has raised $1.3 million in equity-based <a href="http://www.sec.gov/Archives/edgar/data/1138318/000113831810000005/xslFormDX01/primary_doc.xml">funding</a>, and $900,000 of a planned $1.2 million <a href="http://www.sec.gov/Archives/edgar/data/1138318/000113831810000006/xslFormDX01/primary_doc.xml">debt-based</a> offering, according to filings with the SEC. U.S. Genomics developed biodefense and diagnostic technologies, and <a href="http://www.xconomy.com/boston/2008/09/23/us-genomics-gets-45m-enters-partnership/">raised $4.5 million in private equity funding from Becton, Dickinson &amp; Co</a> in 2008, as part of a strategic partnership for pursuing diagnostics for infectious diseases. Pathogenetix has not yet returned a call seeking comment on the newest funding and the company name change.</p>
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		<title>AVI Nabs $11.5M Defense Contract</title>
		<link>http://www.xconomy.com/seattle/2009/10/05/avi-gets-11-5m-defense-contract/</link>
		<pubDate>Mon, 05 Oct 2009 14:06:47 +0000</pubDate>
		<dc:creator>Luke Timmerman</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=44527</guid>
		<description><![CDATA[AVI Biopharma, the Bothell, WA-based developer of RNA-based therapies, said today it has won an expanded $11.5 million contract from the U.S. Defense Department to develop its drug candidate for Junin virus infection. The new contract means AVI has received $45 million in combined contracts to develop treatments for Ebola, Marburg, and now Junin viral [...]]]></description>
			<content:encoded><![CDATA[ 
		 
		<strong>Luke Timmerman</strong>
		<p>AVI Biopharma, the Bothell, WA-based developer of RNA-based therapies, <a href="http://finance.yahoo.com/news/AVI-BioPharma-Receives-iw-1762812610.html?x=0&amp;.v=1">said today</a> it has won an expanded $11.5 million contract from the U.S. Defense Department to develop its drug candidate for Junin virus infection. The new contract means AVI has received $45 million in combined contracts to develop treatments for Ebola, Marburg, and now Junin viral infections. AVI (NASDAQ: <a href="http://finance.yahoo.com/q?s=AVII">AVII</a>) said the cash comes from the Defense Threat Reduction Agency’s Transformational Medical Technologies Initiative for a therapy called AVI-7012. Shares of AVI climbed 28 percent to $2.01 at 9:46 am Eastern time on the news.</p>
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		<title>Ebola Fighter AVI Biopharma Gears Up for Biodefense Contracts</title>
		<link>http://www.xconomy.com/seattle/2009/04/29/ebola-fighter-avi-biopharma-gears-up-for-biodefense-contracts/</link>
		<pubDate>Wed, 29 Apr 2009 19:00:11 +0000</pubDate>
		<dc:creator>Luke Timmerman</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=22152</guid>
		<description><![CDATA[AVI Biopharma has got Ebola virus on its mind. This horrifying bug from central Africa would only have to infect a few people in the U.S. to cause a real bioterror scare, because it’s so deadly and there’s no cure. The federal government would like to get an effective treatment stockpiled just in case a [...]]]></description>
			<content:encoded><![CDATA[ 
		<a rel="attachment wp-att-4767" href="http://www.xconomy.com/boston/2008/09/10/avi-biopharma-out-to-reinvent-itself-making-rna-based-drugs-for-ebola-and-other-nasty-things/attachment/avilogo1/"><img style="float:right;margin: 0px 0 5px 15px;" class="alignnone size-thumbnail wp-image-4767" title="avilogo1" src="http://www.xconomy.com/wordpress/wp-content/images/2008/09/avilogo1-180x54.jpg" alt="avilogo1" width="180" height="54" /></a> 
		<strong>Luke Timmerman</strong>
		<p>AVI Biopharma has got Ebola virus on its mind. This horrifying bug from central Africa would only have to infect a few people in the U.S. to cause a real bioterror scare, because it’s so deadly and there’s no cure. The federal government would like to get an effective <a href="http://www.xconomy.com/seattle/2009/04/28/avi-gets-patent-for-ebola-drug/">treatment</a> stockpiled just in case a terrorist gets his hands on Ebola virus, and now Portland, OR-based AVI thinks it might have the inside track on the federal contract to deliver an effective treatment.</p>
<p>AVI (NASDAQ: <a href="http://finance.yahoo.com/q?s=AVII">AVII</a>)<a href="http://www.xconomy.com/seattle/2008/09/10/avi-biopharma-out-to-reinvent-itself-making-rna-based-drugs-for-ebola-and-other-nasty-things/"> has been reinventing itself over the past year as a developer of RNA-based drugs</a>. I got an update recently from CEO Leslie Hudson about the latest on the Ebola treatment program.</p>
<p>This month, the U.S. Department of Defense plans to conclude a public solicitation for business opportunities to get a contract to make RNA-based drugs for Ebola and Marburg viruses, Hudson says. The contract specifically states that it must be an RNA therapeutic ready for clinical trials, not a different kind of treatment like a vaccine or a monoclonal antibody, Hudson says. RNA-based therapies, sometimes known as next-generation antisense or gene-silencing drugs, are thought to hold great potential to block the underlying mechanisms of disease in ways that previous therapies can’t. Cambridge, MA-based Alnylam Pharmaceuticals, a leader in RNA-based therapies, has said it is operating a <a href="http://www.alnylam.com/Programs-and-Pipeline/Programs/Other-Preclinical.php">biodefense program</a> that includes Ebola, although it hasn’t said the Ebola treatment is <a href="http://www.xconomy.com/seattle/2008/12/24/avi-gets-green-light-for-ebola-trial/">ready for clinical trials like AVI has</a>.</p>
<p>If AVI can secure this contract, which is expected to be awarded later this year, possibly as soon as the summer, it would bring in a total of $50 million, Hudson says. This would be a significant boon to the company, which had $11.5 million in cash entering 2009 year and <a href="http://www.xconomy.com/seattle/2009/01/30/ebola-fighter-avi-raises-165m/">raised another $16.5 million</a> from Eastbourne Capital and other institutional investors in late January.</p>
<p>“Thus far, we have the only therapeutic approach with sufficient data to be allowed into man,” Hudson says.</p>
<p>As a reminder, AVI got to this point after showing that 100 percent of monkeys who were exposed to Ebola or Marburg lived if they were taking the company’s experimental drugs, AVI-6002 and AVI-6003, respectively.</p>
<p>Of course, that’s a really compelling way to design an experiment, but not ethical to do in people. So what AVI needs to do in a clinical trial is just give healthy volunteers the drug and see if it’s safe, without exposing anybody to Ebola or Marburg. The combination of effectiveness in animals and a pair of safety studies in humans could lead the federal government to purchase bulk stockpiles of the drug for use in case of a scare, Hudson says. He didn’t say how long it would take to get enough convincing data for the Department of Defense to buy a stockpile.</p>
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		<title>Torrey Pines Therapeutics Licenses Three Drugs to Cenomed</title>
		<link>http://www.xconomy.com/san-diego/2008/10/08/torrey-pines-therapeutics-licenses-three-drugs-to-cenomed/</link>
		<pubDate>Wed, 08 Oct 2008 17:14:38 +0000</pubDate>
		<dc:creator>Luke Timmerman</dc:creator>
				<category><![CDATA[San Diego]]></category>
		<category><![CDATA[San Diego briefs]]></category>
		<category><![CDATA[Biotech]]></category>
		<category><![CDATA[Biodefense]]></category>
		<category><![CDATA[Life Sciences]]></category>
		<category><![CDATA[Torrey Pines Therapeutics]]></category>
		<category><![CDATA[Cenomed Biosciences]]></category>
		<category><![CDATA[Abraxis Bioscience]]></category>
		<category><![CDATA[Phenserine]]></category>
		<category><![CDATA[Posiphen]]></category>
		<category><![CDATA[Bisnorcymcerine]]></category>

		<guid isPermaLink="false">http://www.xconomy.com/?p=5465</guid>
		<description><![CDATA[Torrey Pines Therapeutics said today that it has sold worldwide rights for three drug candidates to Cenomed Biosciences, a subsidiary of Abraxis Bioscience. Cenomed, based in Irvine, CA, will get rights to phenserine, Posiphen, and bisnorcymcerine for chemical defense and biodefense. La Jolla, CA-based Torrey Pines (NASDAQ: TPTX) stands to receive milestone and royalty payments [...]]]></description>
			<content:encoded><![CDATA[ 
		 
		<strong>Luke Timmerman</strong>
		<p>Torrey Pines Therapeutics <a href="http://www.torreypinestherapeutics.com/page.php?page_id=33&amp;press_id=85">said today</a> that it has sold worldwide rights for three drug candidates to Cenomed Biosciences, a subsidiary of Abraxis Bioscience. Cenomed, based in Irvine, CA, will get rights to phenserine, Posiphen, and bisnorcymcerine for chemical defense and biodefense. La Jolla, CA-based Torrey Pines (NASDAQ: <a href="http://finance.yahoo.com/q?s=TPTX">TPTX</a>) stands to receive milestone and royalty payments from progress made with the compounds.</p>
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		<title>U.S. Genomics Gets $4.5M, Enters Partnership</title>
		<link>http://www.xconomy.com/boston/2008/09/23/us-genomics-gets-45m-enters-partnership/</link>
		<pubDate>Tue, 23 Sep 2008 15:55:21 +0000</pubDate>
		<dc:creator>Gregory T. Huang</dc:creator>
				<category><![CDATA[Boston]]></category>
		<category><![CDATA[Boston briefs]]></category>
		<category><![CDATA[Private Equity]]></category>
		<category><![CDATA[deals]]></category>
		<category><![CDATA[Biotech]]></category>
		<category><![CDATA[Biodefense]]></category>
		<category><![CDATA[Diagnostics]]></category>
		<category><![CDATA[U.S. Genomics]]></category>
		<category><![CDATA[Becton Dickinson & Co.]]></category>
		<category><![CDATA[funding]]></category>
		<category><![CDATA[Financing]]></category>
		<category><![CDATA[Infectious Disease]]></category>
		<category><![CDATA[Single Molecule]]></category>
		<category><![CDATA[Partnerships]]></category>
		<category><![CDATA[strategy]]></category>

		<guid isPermaLink="false">http://www.xconomy.com/?p=5113</guid>
		<description><![CDATA[Woburn, MA-based U.S. Genomics, a maker of single-molecule technologies for biodefense and diagnostics, announced today it has raised $4.5 million in private equity funding from Becton, Dickinson &#38; Co. The deal marks the start of a strategic partnership between the firms to develop an infectious-disease diagnostic platform.]]></description>
			<content:encoded><![CDATA[ 
		 
		<strong>Gregory T. Huang</strong>
		<p>Woburn, MA-based <a href="http://www.usgenomics.com">U.S. Genomics</a>, a maker of single-molecule technologies for biodefense and diagnostics, <a href="http://www.pehub.com/18370/us-genomics-raises-45-million/">announced today</a> it has raised $4.5 million in private equity funding from Becton, Dickinson &amp; Co. The deal marks the start of a strategic partnership between the firms to develop an infectious-disease diagnostic platform.</p>
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		<title>Alnylam’s Ebola Work Gets $7.5 Million Commitment</title>
		<link>http://www.xconomy.com/boston/2008/08/06/alnylam-gets-75-million-more-for-ebola-contract/</link>
		<pubDate>Wed, 06 Aug 2008 14:25:35 +0000</pubDate>
		<dc:creator>Luke Timmerman</dc:creator>
				<category><![CDATA[Boston]]></category>
		<category><![CDATA[Boston briefs]]></category>
		<category><![CDATA[Biotech]]></category>
		<category><![CDATA[Biodefense]]></category>
		<category><![CDATA[Ebola]]></category>
		<category><![CDATA[Life Sciences]]></category>
		<category><![CDATA[Alnylam]]></category>
		<category><![CDATA[Hemorrhagic Fever]]></category>
		<category><![CDATA[National Institutes of Health]]></category>

		<guid isPermaLink="false">http://www.xconomy.com/?p=3724</guid>
		<description><![CDATA[Alnylam Pharmaceuticals (NASDAQ: ALNY) said today that the National Institutes of Health has committed $7.5 million to continue funding another year of its program to develop RNA interference technology against hemorrhagic fever virus, including the deadly Ebola virus. The Cambridge, MA-based company originally got the contract in September 2006, and has received $14.2 million for [...]]]></description>
			<content:encoded><![CDATA[ 
		 
		<strong>Luke Timmerman</strong>
		<p>Alnylam Pharmaceuticals (NASDAQ: <a href="http://finance.yahoo.com/q?s=ALNY">ALNY</a>) said today that the National Institutes of Health has committed $7.5 million to continue funding another year of its program to develop RNA interference technology against hemorrhagic fever virus, including the deadly Ebola virus. The Cambridge, MA-based company originally got the contract in September 2006, and has received $14.2 million for work over the first two years. The company’s experimental treatment, which uses a lipid-particle delivery method, has been shown to decrease Ebola virus in infected mice, the company said.</p>
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