Life sciences briefing: Monday, Oct. 15, 2007

Featured companies: Biolipox, Cellpoint Diagnostics, Corum Medical, MediKeeper, Mendel Biotechnology, NanoMed, Orexo, Rules-Based Medicine, Tengion

UPDATED: Expanded the Tengion item, and that’s about it.

tengion-logo.jpgTengion raises $33M for bladder regrowth — Tengion, a Norriton, Pa., biotech focused on regenerating diseased or damaged organs, raised $33 million in a third funding round. Investors included Deerfield Partners, Bain Capital, Johnson & Johnson Development, HealthCap, Quaker BioVentures, Oak Investment Partners, L Capital Partners, Horizon Technology Finance and Oxford Finance.

Tengion is working on growing new bladders for adults and children with spinal bifida or spinal-cord injuries based on cells biopsied from the patients’ own bladders. We mentioned the company briefly here.

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Photo of David P. Hamilton

About the Author, David P. Hamilton

David Hamilton has been writing for VentureBeat LifeScience since April 2007. He formerly spent 14 years as a reporter for the Wall Street Journal in its San Francisco and Tokyo bureaus. Prior to that, he spent several years as a reporter at Science Magazine and as a reporter/researcher for the New Republic, both in Washington.

  • Mike
    I like the new procedure where you get the news up with links early then summarize later if/when you have time.
  • David P. Hamilton
    Hey, terrific. Thanks for the feedback!