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	<title>Xconomy &#187; Hepregen</title>
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	<pubDate>Fri, 10 Feb 2012 21:45:27 +0000</pubDate>
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		<title>Rod Brooks Follows His Heart(land), Amazon Helps Out OLPC, the Broad Gets $400M, GT Solar Shines Over Big Contract, &amp; More Deals News</title>
		<link>http://www.xconomy.com/boston/2008/09/08/rod-brooks-follows-his-heartland-amazon-helps-out-olpc-the-broad-gets-400m-gt-solar-shines-over-big-contract-more-deals-news/</link>
		<pubDate>Mon, 08 Sep 2008 04:01:36 +0000</pubDate>
		<dc:creator>Robert Buderi</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=4722</guid>
		<description><![CDATA[Summer’s over, school’s back in session, and the deals were jumping in just about every sector as September got underway. —IRobot announced co-founder Rod Brooks was stepping down as the company’s CTO (but remaining on the board of directors) to devote full time to his new company, Heartland Robotics. Cambridge, MA-based Heartland will focus on [...]]]></description>
			<content:encoded><![CDATA[ 
		 
		<strong>Robert Buderi</strong>
		<p>Summer’s over, school’s back in session, and the deals were jumping in just about every sector as September got underway.</p>
<p>—IRobot announced co-founder Rod Brooks was stepping down as the company’s CTO (but remaining on the board of directors) to devote full time to his new company, <a href="http://www.heartlandrobotics.com/">Heartland Robotics</a>. Cambridge, MA-based Heartland will focus on developing industrial and workplace robots to “rehumanize and revitalize” U.S. manufacturing, according to its website. Brooks, Heartland’s chairman and CTO, and CEO Ken Zolot (both Xconomists) <a href="http://www.xconomy.com/boston/2008/09/02/irobot-co-founder-brooks-leaves-to-launch-new-robotics-firm-aiming-to-revitalize-us-workforce/">gave Xconomy the scoop</a> that they had closed a Series A funding round and licensed core technology from MIT. Brooks also took a leave from his MIT professorship.</p>
<p>—Waltham, MA-based Phase Forward (NASDAQ: <a href="http://finance.yahoo.com/q?s=PFWD">PFWD</a>), which develops software that large pharmaceutical companies and research institutions employ to manage the vast amounts of data generated by clinical drug trials, <a href="http://www.xconomy.com/boston/2008/09/05/phase-forward-acquires-clarix/">paid $40 million for Clarix</a>, a Pennsylvania maker of phone- and Web-based interactive voice response systems used to help manage supplies for drug trials.</p>
<p>—The “Give One, Get One” program offered by Cambridge, MA-based One Laptop Per Child Foundation last holiday season gave U.S. and Canadian consumers the opportunity to buy two XO laptops for $400: one for themselves, the other for a child in a developing country. But the implementation, as Wade noted, “was a fiasco.” Some orders weren’t filled until March, while others were lost. This holiday season, OLPC <a href="http://www.xconomy.com/national/2008/09/05/amazon-to-manage-xo-laptop-giveaway-program/">plans to repeat the offer</a>—but it’s put Amazon in charge. If any company knows how to fulfill orders during the holidays, it’s Amazon.</p>
<p>—Ryan <a href="http://www.xconomy.com/boston/2008/09/03/broad-institute-gets-400m-endowment-from-namesakes/">broke the news</a> on Wednesday that the Broad Institute of Harvard and MIT, which is focused on genomic research, was receiving a $400 million endowment from its founding benefactors Eli and Edythe Broad. The institute—originally structured as an administrative unit of MIT—also <a href="http://www.xconomy.com/boston/2008/09/04/broad-institute-will-sever-administrative-not-research-ties-with-mit-and-harvard-becoming-stand-alone-organization/">quietly announced</a> it is revamping itself as a stand-alone nonprofit, with an independent board of directors and other major organizational differences from its first incarnation.</p>
<p>—In addition to Brooks stepping down as CTO, Bedford, MA-based iRobot (NASDAQ: <a href="http://finance.yahoo.com/q?s=IRBT">IRBT</a>) <a href="http://www.xconomy.com/boston/2008/09/02/irobot-wins-200m-army-contract/">announced it had been awarded</a> a U.S. Army contract for military robots, spare parts, training, and repair services that could total $200 million over the next 5 years. Chairman Helen Greiner told Wade that in addition to the Packbot robots already employed in the Middle East, the contract could include next-generation “SUGVs,” or small unmanned ground vehicles, which iRobot is developing in partnership with the Army’s Future Combat Systems program.</p>
<p>—Merrimack, NH-based maker of equipment for manufacturing photovoltaic cells GT Solar (NASDAQ: <a href="http://finance.yahoo.com/q?s=SOLR">SOLR</a>) <a href="http://www.xconomy.com/boston/2008/09/02/gt-solar-wins-173m-contract-with-korean-chemical-firm/">confirmed that it had won</a> a $173 million contract (its CEO had previously called it a $177 million deal) to supply polysilicon reactors to DC Chemical of South Korea. GT Solar went public on July 24.</p>
<p>—Perhaps inspired by GT Solar’s successful IPO, Essex, CT-based wind power firm <a href="http://www.xconomy.com/boston/2008/09/02/noble-environmental-power-sets-ipo-size/">Noble Environmental Power set the size of its planned IPO</a> at 23.4 million shares. The company  hasn’t yet specified a price for the shares, but when it originally filed for the offering back in May, it set a maximum target of $375 million.</p>
<p>—MIT spinoff Hepregen, which is working on a way to screen drugs in development for liver toxicity, <a href="http://www.xconomy.com/boston/2008/09/02/hepregen-raises-3-million-to-screen-drugs-for-liver-damage/">raised $3 million</a> out of a $5 million first round of venture capital. Investors include Battelle Ventures and Innovation Valley Partners.</p>
<p>—Teradyne (NYSE: <a href="http://finance.yahoo.com/q?s=TER">TER</a>), the North Reading, MA-based maker of electronics testing equipment <a href="http://www.xconomy.com/boston/2008/09/02/teradyne-to-pay-250m-for-eagle-test-systems/">agreed to pay roughly $250 million</a> ($15.65 a share) to acquire Eagle Test Systems (NASDAQ: <a href="http://finance.yahoo.com/q?s=EGLT">EGLT</a>). Illinois-based Eagle makes analog, mixed-signal, and radio frequency semiconductor test products.</p>
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		<title>Pharmas Flock to Sermo, Biogen Idec Takes Another Tack with MS, $400M More for the Broad Institute, &amp; More Life Sciences News</title>
		<link>http://www.xconomy.com/boston/2008/09/04/pharmas-flock-to-sermo-biogen-idec-takes-another-tack-with-ms-400m-more-for-the-broad-institute-more-life-sciences-news/</link>
		<pubDate>Thu, 04 Sep 2008 14:14:21 +0000</pubDate>
		<dc:creator>Rebecca Zacks</dc:creator>
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		<guid isPermaLink="false">http://www.xconomy.com/?p=4677</guid>
		<description><![CDATA[This week’s Boston-area life sciences news has a little bit of everything—venture deals, new drugs, lawsuits, and a big-time donation. And for the entrepreneurs among you looking for an alternative to the typical venture capital firm, check out Ryan’s directory of corporate VC operations. —The ranks of New England life sciences companies with their own [...]]]></description>
			<content:encoded><![CDATA[ 
		 
		<strong>Rebecca Zacks</strong>
		<p>This week’s Boston-area life sciences news has a little bit of everything—venture deals, new drugs, lawsuits, and a big-time donation. And for the entrepreneurs among you looking for an alternative to the typical venture capital firm, check out Ryan’s directory of corporate VC operations.</p>
<p>—The ranks of New England life sciences companies with their own venture capital arms are growing, so Ryan put together<a href="http://www.xconomy.com/boston/2008/09/03/corporate-life-sciences-vcs-on-the-rise-in-new-england-the-list/"> a directory of such outfits</a>, complete with some fascinating details on each one’s focus and personality.</p>
<p>—Luke profiled the efforts of Cambridge, MA-based Biogen Idec (NASDAQ: BIIB) to develop <a href="http://www.xconomy.com/boston/2008/08/27/biogen-idec-testing-regenerative-medicine-drug-to-reverse-the-path-of-multiple-sclerosis/">the first drug that might help the body repair the damage done to nerves’ myelin coatings by multiple sclerosis</a>. Currently available MS drugs, such as Biogen’s own Avonex and Tysabri, tamp down flare-ups of the disease in an effort to prevent further damage, but don’t fix myelin defects; a repair drug might help restore walking and other functions affected by the disease.</p>
<p>—Ryan checked in with our Kendall Square neighbor Sermo, and found that the popular social networking site for physicians—which had in the past announced new corporate partnerships,<a href="http://www.xconomy.com/boston/2007/10/14/sermo-bags-a-big-pharma-fish/"> such as one with Pfizer</a> (NYSE:<a href="http://finance.yahoo.com/q?s=PFE">PFE</a>), with great fanfare—had quietly inked <a href="http://www.xconomy.com/boston/2008/08/28/with-pharma-clientele-swelling-beyond-pfizer-sermo-ceo-offers-health-20-survival-tip-you-will-not-pay-your-bills-with-ads-by-google/">deals with eight more of the world’s 12 largest drug companies</a>. Sermo CEO Daniel Palestrant also had a bit of advice for his fellow Health 2.0 firms.</p>
<p>—Dover, NH-based Salient<a href="http://www.xconomy.com/boston/2008/08/27/salient-surgical-cuts-86m-ipo/"> Surgical Technologies pulled its planned $86.25 million initial public offering</a>, for which it originally filed back in March.</p>
<p>—Cambridge, MA-based Quanterix, a Tufts spinoff developing technology for early diagnosis of cancer, Alzheimer’s disease, and other illnesses,<a href="http://www.xconomy.com/boston/2008/08/29/quanterix-developing-instrument-to-detect-cancer-at-its-earliest-most-curable-stages/"> closed the second half of a $15 million financing round</a> from Arch Venture Partners, Bain Capital Ventures, and Flagship Ventures.</p>
<p>—A U.S. District Court in Texas <a href="http://www.xconomy.com/boston/2008/08/29/boston-scientific-gets-damages-reduced-in-patent-case-with-medtronic/">reduced the patent-suit damages owed by Boston Scientific</a> (NYSE: <a href="http://finance.yahoo.com/q?s=BSX">BSX</a>) of Natick, MA, to rival Medtronic (NYSE: <a href="http://finance.yahoo.com/q?s=MDT">MDT</a>) from $250 million to $19 million, finding two of the involved patents to be unenforceable.</p>
<p>—Cancer-drug developer Ariad Pharmaceuticals (NASDAQ: <a href="http://finance.yahoo.com/q?s=ARIA">ARIA</a>) of Cambridge, MA, <a href="http://www.xconomy.com/boston/2008/09/02/ariad-pharmaceuticals-edging-toward-becoming-a-commercial-cancer-drug-company/">is moving quietly toward having its first approved product on the market</a>, Luke discovered. And if its lead drug, developed in conjunction with Whitehouse Station, NJ-based Merck (NYSE: <a href="http://finance.yahoo.com/q?s=MRK">MRK</a>), is a success, Ariad is lined up to hold on to an atypically large chunk of the profits.</p>
<p>—MIT spinoff Hepregen, <a href="http://www.xconomy.com/boston/2008/09/02/hepregen-raises-3-million-to-screen-drugs-for-liver-damage/">reportedly raised $3 million out of a $5 million first round of venture capital</a> from Battelle Ventures and Innovation Valley Partners. The startup is developing technology to screen drugs in development for liver toxicity.</p>
<p>—Our sources tipped us off yesterday that Eli and Edythe Broad, the founding benefactors of the Broad Institute of Harvard and MIT, <a href="http://www.xconomy.com/boston/2008/09/03/broad-institute-gets-400m-endowment-from-namesakes/">are donating an additional $400 million endowment</a> to the Cambridge, MA-based genomic medicine research powerhouse. The announcement of the donation and its implications is currently underway; we’ll post more when we know more.</p>
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		<title>Hepregen Raises $3 Million To Screen Drugs for Liver Damage</title>
		<link>http://www.xconomy.com/boston/2008/09/02/hepregen-raises-3-million-to-screen-drugs-for-liver-damage/</link>
		<pubDate>Tue, 02 Sep 2008 15:08:14 +0000</pubDate>
		<dc:creator>Luke Timmerman</dc:creator>
				<category><![CDATA[Boston]]></category>
		<category><![CDATA[Boston briefs]]></category>
		<category><![CDATA[Biotech]]></category>
		<category><![CDATA[MIT]]></category>
		<category><![CDATA[Hepregen]]></category>
		<category><![CDATA[Liver Toxicity]]></category>
		<category><![CDATA[Drugs]]></category>
		<category><![CDATA[private equity hub]]></category>
		<category><![CDATA[Battelle Ventures]]></category>
		<category><![CDATA[Innovation Valley Partners]]></category>
		<category><![CDATA[Sangeeta Bhatia]]></category>
		<category><![CDATA[Salman Khetani]]></category>

		<guid isPermaLink="false">http://www.xconomy.com/?p=4627</guid>
		<description><![CDATA[Hepregen, an MIT spinoff company developing a way to screen drugs in development for liver toxicity, has raised $3 million out of a $5 million first round of venture capital, according to a regulatory filing cited by Private Equity Hub. The backers of the company include Battelle Ventures and Innovation Valley Partners. Sangeeta Bhatia and [...]]]></description>
			<content:encoded><![CDATA[ 
		 
		<strong>Luke Timmerman</strong>
		<p>Hepregen, an MIT spinoff company developing a way to screen drugs in development for liver toxicity, has raised $3 million out of a $5 million first round of venture capital, according to a regulatory filing cited by Private Equity Hub. The backers of the company include Battelle Ventures and Innovation Valley Partners. Sangeeta Bhatia and Salman Khetani founded the company, according to <a href="http://www.technologyreview.com/Biztech/19778/?a=f">this article</a> in Technology Review.</p>
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