Latest Posts

• Stealth Bio’s IPO Raises $78M for Clinical Tests of Mitochondrial Drugs

  Stealth BioTherapeutics has popped up on the radar with a $78 million IPO to fund clinical trials for drugs treating rare mitochondrial disorders.

  Shares of Stealth Bio (NASDAQ: MITO) made their stock market debut Friday at $12 apiece, which was... Read more »

  Frank Vinluan2/15/19

• Funds for Richard’s Rainwater, New CPRIT Executive, & More TX Tech

  —Pinpoint, an Austin startup that makes analytics tool to measure software engineering’s contribution to businesses, has raised $13.5 million in a Series A funding round led by Bessemer Venture Partners. Other investors include Storm Ventures, Boldstart Ventures, Bloomberg Beta, Slack... Read more »

  Angela Shah2/15/19

• Bayer Snaps Up Rights to Two Cancer Drugs from Lilly’s $8B Loxo Deal

  Bayer has just reclaimed some rights to two drugs from Loxo Oncology, which means it’s going to take more work for Loxo’s buyer, Eli Lilly, to justify the $8 billion it is paying for the company.

  Lilly (NYSE: LLY) this... Read more »

  Frank Vinluan2/15/19

• Bill Maris Fund Section 32 Notches Two Wins with Life Science Exits

  [Updated 6:35 p.m. PT. See below.] Section 32, a venture capital firm headquartered near San Diego that launched in 2017 with a $151 million fund, has had a big month.

  The firm, based in San Diego’s coastal Cardiff-by-the-Sea community, was started... Read more »

  Sarah de Crescenzo2/15/19

• Google Confirms New Madison Office, Part of $13B National Expansion

  Google confirmed this week that it will expand its satellite office in Madison, WI, as part of a $13 billion investment in data centers and offices nationwide in 2019.

  Xconomy reported Jan. 31 that the Bay Area tech giant intends to... Read more »

  Jeff Engel2/15/19

• “Stigma is Going Away”: Cannabis IP is Thorny, But Not Impossible

  No longer solely the provenance of hippie or outlaw types, the U.S. cannabis industry has become more sophisticated and tech-enabled as it has come out of the shadows over the past decade. Michigan voters pushed the state to joined the ranks... Read more »

  Sarah Schmid Stevenson2/15/19

• Boston Tech Watch: Student Loans, Google in Kendall Square & More

  General Electric may have backed off its plans for Boston, but at least it’s not leaving town. A student loan startup in Boston eyes help from Capitol Hill. Deals, fundings, and founders moving on. The week in Boston tech is here:... Read more »

  Brian Dowling2/15/19

• Bio Roundup: Trump’s Scalps, Policy Pressure, NASH Crash & More

  While politicians continue to debate what kind of healthcare system is best for the American people, the mostly U.S.-based pharmaceutical industry is trying to convince those same politicians—and anyone else who will listen—that what’s good for the industry is also good... Read more »

  Alex Lash2/15/19

• WI Watchlist: FluGen, Propeller Health, Gener8tor, EnSync

  Here are some of the latest headlines from Wisconsin’s innovation community:

  —FluGen, a Madison-based company trying to develop a universal influenza vaccine, announced topline, preliminary data from a Phase 2 study that demonstrated its M2SR vaccine proved effective in countering a... Read more »

  Jeff Engel2/15/19

• Finding True Love Can Be Ruff, But This Startup Could Have Your Match

  Too many people treat pet adoption like a one-night stand.

  “You look at a dog, and see his eyes, and think he’s cute,” says Tama Lundquist, co-president of Houston PetSet, an organization that works with about 70 animal shelters in the... Read more »

  Angela Shah2/14/19

• Polly Want a Slack Plugin? Seattle Enterprise IT Startup Raises $7M

  Some people relish the opportunity to give feedback to individuals and organizations that have served them—think Yelp and Google users who rate every restaurant where they’ve eaten. Others may be less eager to evaluate a recent Uber trip, for example, but... Read more »

  Jeff Buchanan2/14/19

• VelocityTX Lands City Grant for “Innovation Center” Redevelopment

  San Antonio — VelocityTX is getting a $750,000 grant and another tax incentive from the City of San Antonio for its redevelopment of a large industrial space that VelocityTX plans to turn into a three-building “innovation center” for tech, life sciences,... Read more »

  David Holley2/14/19

• Slimmed-Down GE to Repay $87M as It Scales Back Boston HQ Plans

  General Electric is backing out of its glitzy Boston ambitions, selling the land it planned to hold a new 12-story headquarters for 800 employees and instead retreating into the two brick buildings on the same site that can hold 250 workers,... Read more »

  Brian Dowling2/14/19

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• It’s Not You, It’s Your Officials: Amazon Cancels HQ Plan for NYC

  [Updated, 02/15/19, 8:50 CT] After a whirlwind courtship and brief engagement, Amazon has broken off its plans to establish another headquarters in New York’s Long Island City neighborhood.

  Amazon (NASDAQ: AMZN) rationalized its Valentine’s Day breakup with the... Read more »

  David Holley2/14/19

• Passage Bio Gets $116M As Wilson, Yamada Team Up On Gene Therapy Again

  Longtime biopharmaceutical executive Tachi Yamada helped keep the work of gene therapy pioneer James Wilson alive 20 years ago when Wilson was mired in controversy and the emerging field was in its darkest days.

  Now that gene therapy has come of... Read more »

  Ben Fidler2/14/19

• Plant-Breeding Biotech Cibus Delays IPO, Citing Market Conditions

  Cibus on Thursday said it is holding off on the initial public offering that was expected to happen this week.

  “We elected to postpone our offering given current market and technical conditions,” said co-founder and CEO Peter Beetham in a press... Read more »

  Sarah de Crescenzo2/14/19

• TCR²’s IPO Raises $75M to Bring Cancer Cell Therapy to Solid Tumors

  Cancer immunotherapy developer TCR² Therapeutics has raised $75 million in an IPO, which it will use for clinical trials to test a type of immunotherapy intended to treat a wider range of cancers than current cell therapies.

  Late Wednesday, TCR² priced... Read more »

  Frank Vinluan2/14/19

• Xnor.ai Makes Solar-Powered Computer Chip to Crunch, Learn from Data

  By now, many consumers know that uploading a photo, video, or other file to “the cloud” on a service like Google or Facebook often means storing it in a data center. But the computer servers inside data centers don’t just store... Read more »

  Jeff Buchanan2/13/19

• DBV Rejoins Peanut Allergy Treatment Race, But Aimmune Takes the Lead

  [Updated 9:20 p.m., see below.] DBV Technologies is jumping back into the race to bring an FDA-approved peanut allergy treatment to the market, but it might not be enough to beat its main rival.

  The France-based company says it... Read more »

  Frank Vinluan2/13/19

• Mission Edge Taps 10 Businesses for “Social Enterprise” Accelerator

  Mission Edge, a nonprofit organization backed by the San Diego Foundation and three corporations, has chosen 10 companies and organizations to participate in a 12-week program intended to improve each entity’s financial performance, and thereby long-term sustainability.

  Called the Social Enterprise... Read more »

  Sarah de Crescenzo2/13/19

• Johnson & Johnson to Buy Robotics Startup Auris Health for $3.4B

  [Updated 2:07 p.m. See below.] Johnson & Johnson is acquiring medical robotics developer Auris Health for $3.4 billion in cash, a deal that builds on the company’s stated plans to become a player in “digital surgery.”

  Privately held Auris... Read more »

  Frank Vinluan2/13/19

• Autonomous Truck Company TuSimple Adds $95M to Rev Up Commercial Fleet

  TuSimple has pulled in $95 million more in venture funding to advance its development of a commercial autonomous fleet of trucks.

  The new Series D round of financing announced Wednesday boosts the San Diego-based company’s valuation to land it on the... Read more »

  Sarah de Crescenzo2/13/19

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• Why Did Amazon Buy Eero? Wi-Fi Users Covet Simplicity, Security

  Being able to call on Alexa, the voice of Amazon’s Echo virtual assistants, to play a song or read a weather forecast requires a working Internet connection, of course. Amazon has now opened new avenues to put its own stamp on... Read more »

  Jeff Buchanan2/12/19

• Losing “Scalps”? Despite Pharma Fear, A Split on Trump Rx-Price Plans

  Despite angry presidential tweets and other anti-pharma rhetoric, the drug industry has benefited under the Trump administration, thanks in part to a massive corporate tax cut.

  Indeed, for nearly two decades, the industry has been able to fend off its critics... Read more »

  Ben Fidler2/12/19

• May Mobility Snags $22M Investment, Will Expand to New Cities in ’19

  May Mobility, an Ann Arbor, MI-based startup developing self-driving shuttles, today announced that it has raised a $22 million Series A funding round. The company has raised approximately $33.5 million since its inception in 2017.

  The new investment was co-led... Read more »

  Sarah Schmid Stevenson2/12/19

• Neurogene Emerges with $68M to Advance Gene Therapies to the Clinic

  Neurogene is breaking into gene therapy with $68.5 million in new funding to support research on experimental treatments for rare, genetic brain disorders, the first of which could start human testing next year.

  So far, New York-based Neurogene has disclosed two... Read more »

  Frank Vinluan2/12/19

• Providence St. Joseph Acquires Seattle Blockchain Startup Lumedic

  Providence St. Joseph Health said Monday it has acquired Lumedic, a startup developing blockchain-based software aimed at improving how healthcare providers bill for care and manage reimbursements from insurers.

  The deal, which Providence did not disclose the terms of, marks... Read more »

  Jeff Buchanan2/11/19

• Endeavor Robotics Sold for $385M in Deal with Oregon’s FLIR Systems

  Endeavor Robotics, a military robot-maker based in Chelmsford, MA, is being bought by FLIR Systems for $385 million in cash, the companies announced Monday. Wilsonville, OR-based FLIR said the deal will bolster its growing unmanned systems business at a time when the... Read more »

  Brian Dowling2/11/19

• With Low Expectations, Gilead’s Top NASH Drug Fails 1st Major Test

  Gilead Sciences (NASDAQ: GILD) said after market close Monday that its most advanced candidate to treat the fatty liver disease known as NASH failed the first of two Phase 3 trials.

  NASH, or nonalcoholic steatohepatitis, is a quickly growing condition,... Read more »

  Alex Lash2/11/19

• Houston Health IT Firm Decisio Forms Partnership with GE Healthcare

  Houston—Houston medtech startup Decisio Health is partnering with GE Healthcare to accelerate a broader deployment of its critical care dashboard.

  Financial terms of the deal weren’t disclosed.

  GE says it will integrate Decisio’s software into its Mural virtual care platform,... Read more »

  Angela Shah2/11/19

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