Latest Posts

• Invenra, Madison Firm Developing Therapeutic Antibodies, Adds $7.1M

  Invenra, a Madison, WI-based startup that develops therapeutic antibodies for pharmaceutical companies and other clients, has raised more than $7.1 million from investors, according to a regulatory filing.

  Twenty-three investors participated in the equity funding round, according to the... Read more »

  Jeff Buchanan10/19/18

• Boston Tech Watch: IBM, DataXu, Accion, Yottaa, CoachUp & More

  [Updated 10/19/18, 5:08 pm. See below.] Rumors of a Boston adtech sale, a top-level departure at IBM’s Watson Health business, more cash to boost A.I. startups, and Boeing backing a space propulsion company dominate the Boston-area’s tech headlines from... Read more »

  Brian Dowling10/19/18

• TP Therapeutics Names New CEO, Gets $80M More for Cancer Drug Push

  Five-year-old biotech TP Therapeutics has raised an $80 million mezzanine financing round and promoted its chief medical officer, Athena Countouriotis, to CEO.

  The San Diego-based biotech, which is developing targeted cancer drugs for people whose tumors resist other precision therapies, announced... Read more »

  Sarah de Crescenzo10/19/18

• Bio Roundup: Prices on TV, Novartis Hearts Radio, Warp Drive’s End

  Two new battlegrounds emerged this week in the nation’s ongoing drug pricing debate. The first involved television: The federal government hopes that blaring prices in TV ads will essentially pressure drug makers into lowering them, and the pharma lobby fired back.... Read more »

  Ben Fidler10/19/18

• LogicBio Prices IPO Below Range, Raising $70M to Test Gene Therapy

  LogicBio Therapeutics has joined the list of biotechs to go public this year but it had to cut the price of its IPO and sell more shares to pull it off.

  The Cambridge, MA, biotech priced its offering of 7 million... Read more »

  Frank Vinluan10/19/18

• With $8M in New Capital, Vayavision Refines Raw Data Fusion for AVs

  The race to get driverless cars on the road is a global endeavor, and one nation putting its pedal to the metal is Israel. A host of Israeli companies are working to develop the technologies that help these vehicles function properly,... Read more »

  Sarah Schmid Stevenson10/19/18

• RealSavvy Takes $2.5M to Bring Real Estate App to Three New States

  Austin—RealSavvy, a customizable online service that enables real estate brokers and agents to communicate with potential clients, is taking a $2.5 million round of financing that the company will repay in payments based on its monthly revenue.

  Timia Capital is... Read more »

  David Holley10/18/18

• Exact Sciences Acquires San Diego Lab Equipment Supplier Biomatrica

  Exact Sciences has gone from being a customer of Biomatrica, a San Diego-based vendor of equipment for storing and preserving blood and saliva samples, to now being the company’s owner.

  Madison, WI-based Exact (NASDAQ: EXAS), which is developing diagnostic tests... Read more »

  Jeff Buchanan10/18/18

• Novartis Buys Endocyte for $2.1B, Making a Second Bet on Radiotherapy

  Novartis has agreed to pay $2.1 billion cash to acquire Endocyte, expanding an ongoing effort by the Swiss firm to develop targeted radiation treatments for cancer.

  Under the agreement, Novartis (NYSE: NVS) will pay shareholders of West Lafayette, IN-based... Read more »

  Frank Vinluan10/18/18

• A Year Early, Merck Touts Good Kidney Cancer News to Push Rival BMS

  Merck could soon join rival Bristol-Myers Squibb in making immunotherapy an option for kidney cancer patients who have never had treatment before.

  Merck (NYSE: MRK) reported today that its blockbuster drug pembrolizumab (Keytruda) has hit its marks much earlier than... Read more »

  Alex Lash10/18/18

• AbbVie Commits $100M to Morphic in Fibrosis Drug R&D Alliance

  AbbVie is positioning itself to add fibrosis drugs to its pipeline through a new research and development partnership with startup Morphic Therapeutics.

  Under the agreement, AbbVie (NYSE: ABBV) will pay Morphic $100 million up front for exclusive options to license... Read more »

  Frank Vinluan10/18/18

• After $950K Investment, Codelicious Grows Collaborative Teaching Model

  Codelicious, the Indianapolis-based educational tech startup, is on a mission to create access and remove barriers to teaching and learning computer science, says CEO Christine McDonnell.

  Over the summer, the organization raised nearly $1 million from Collina Ventures, GRE... Read more »

  Sarah Schmid Stevenson10/18/18

• Post-IPO Chat With CEO of Anaplan as Its Trading Price Surge Holds

  Enterprise planning software company Anaplan pulled off its IPO in the middle of a broad market slump last week—raising $263.5 million—and its 43 percent share price surge on the first day of trading continues to hold while Nasdaq and the Dow... Read more »

  Bernadette Tansey10/17/18

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• All About Talent: Takeaways From MIT’s $1B Plan to Lead Way in A.I.

  In 2011, Silicon Valley investor Marc Andreessen penned a widely read essay declaring that “software is eating the world.” If he were to write an updated version today, it might proclaim that machine learning is eating the world.

  Advances in data... Read more »

  Jeff Engel10/17/18

• Wisconsin Insurance Software Firm Dynamis Sold to Applied Systems

  Applied Systems, a Chicago-area company that sells its cloud-based software to groups in the insurance industry, announced Wednesday that it has acquired Dynamis Software. West Allis, WI-based Dynamis develops software that insurance brokers and agents can use to compare the different... Read more »

  Jeff Buchanan10/17/18

• In Boston, Paul Allen Aimed to Boost Bioscience’s “Tempo of Discovery”

  The scientific interests of the late Microsoft co-founder Paul Allen led him to fund a pair of major research centers in the Boston area devoted to cracking mysteries of the human biological code—and aiming to recreate the sort of foundational work... Read more »

  Brian Dowling10/17/18

• Report: Express Scripts Shuts Out Teva Migraine Drug, Prefers Rivals

  [Updated 10/17/18, 2:52 p.m. See below.] Express Scripts has just exerted its influence over the emerging market battle between drug makers trying to sell a new class of migraine-preventing medicines. The pharmacy benefits manager (PBM) is excluding a new... Read more »

  Frank Vinluan10/17/18

• Icon Snags $9M for Tech to Print 3D Homes in 24 Hours for $4,000

  Austin—Icon Technology, a company that builds 3D-printed homes and was permitted to construct its first home in Austin, TX, earlier this year, has closed a $9 million seed round of funding.

  The company plans to use some of the money... Read more »

  David Holley10/17/18

• Spinraza Inventors Take Home $3M Breakthrough Prize in Life Sciences

  The inventor and developer of a drug, nusinersen (Spinraza), are among the winners of the Breakthrough Prize in Life Sciences. Adrian Krainer (pictured) of Cold Spring Harbor Laboratory and Frank Bennett, senior vice president of research at Ionis Pharmaceuticals, share the... Read more »

  Corie Lok10/17/18

• Startups, Eh? Latest Gener8tor Class Includes 2 Canadian Companies

  Gener8tor went north of the border to find some of the participants in its latest Wisconsin startup accelerator program.

  The organization, which trains entrepreneurs and invests in some of the companies they run, appears to have picked two startups headquartered in... Read more »

  Jeff Buchanan10/17/18

• SoftBank’s Arm to Include Cybereason Security Services in IoT Hub

  Security-tech company Cybereason is announcing another boon flowing from close ties with its biggest investor, Japanese telecom and tech giant SoftBank. Boston-based Cybereason has formed a partnership with Arm, the dominant developer of computer chip architecture, which was acquired by SoftBank in... Read more »

  Bernadette Tansey10/17/18

• Citing Regulatory Uncertainty, Origin Code Academy to Close

  Origin Code Academy, one of San Diego’s few coding schools—for-profit companies that offer short-term vocational training in computer programming—said this month it will shutter on Nov. 16 after about three years in business.

  The company opened in late 2015, offering a... Read more »

  Sarah de Crescenzo10/17/18

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• Andreessen Leads $300M Bet on Devoted Health’s Senior Care Approach

  If you had more than $300 million to try and fix the healthcare industry, how would you do it?

  For a startup called Devoted Health, the answer involves a combination of providing more home healthcare and support to the seniors it... Read more »

  Jeff Engel10/16/18

• CyberFortress Plans 2019 Launch as Cyber Insurance Industry Grows

  San Antonio—Cybersecurity is a fast growing area of the insurance industry as insurers capitalize on the smattering of fear-inciting headlines, from the Equifax and Facebook breaches to the ever-present risk of ransomware.

  Large companies like Nationwide Mutual Insurance offer businesses... Read more »

  David Holley10/16/18

• Paul Allen’s Contributions, Far Beyond Microsoft, Touched the Brain, AI & More

  Technology and life sciences leaders say they’ll remember Paul Allen, the Microsoft co-founder, philanthropist, and investor who passed away Monday at age 65, as an “inspiration” whose work will impact the fields he worked in for years to come.

  Allen died... Read more »

  Jeff Buchanan10/16/18

• Stratatech Gets $26M More to Develop Skin Tissue for Treating Burns

  An agency within the U.S. Department of Health and Human Services has awarded Stratatech, a Madison, WI-based maker of human skin tissue, $26 million in new funding.

  Stratatech, which is developing cell-based regenerative skin tissue for burn victims and others,... Read more »

  Jeff Buchanan10/16/18

• Warp Drive’s Odyssey Ends with a Buyout—By Revolution, Not Sanofi

  Warp Drive Bio started up in 2012 with a potential buyer, Sanofi, already in place. Six years later the Cambridge, MA, company is being acquired—by another startup, Revolution Medicines.

  The companies aren’t disclosing financial details of the acquisition, other than to... Read more »

  Frank Vinluan10/16/18

• Tulerie Helps Users Dress Like Models, Without Breaking the Bank

  Tulerie makes its debut today, joining a growing roster of online clothing rental startups.

  The New York-based Tulerie focuses on high-end couture—items that retail for $1,000 to $10,000—that might be worn a time or two but mostly take up space in... Read more »

  Angela Shah10/16/18

• Fidelity’s New Crypto Startup Could Spark Wall Street Investment

  Blockchain and cryptocurrency advocates have been waiting for large financial institutions to shed their wariness and begin investing meaningful amounts of money into the emerging technology. The sector may have gotten a significant catalyst on Monday, when Fidelity Investments announced it... Read more »

  Jeff Engel10/15/18

• TX Tech Wrap: New Fundings, OJO Picks Up WolfNet, New Oracle Startups

  There have been a flurry of announcements of new fundings for Texas startups. Let’s get caught up with the latest innovation news.

  —Hail Merry, a Dallas maker of raw, plant-based snacks, has raised a little over $1... Read more »

  Angela Shah10/15/18

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