Life-science briefing: Friday, March 28, 2008
TODAY’S HEADLINES:
VaxGen, Raven Bio terminate merger agreement (release)
Aerovance gets $20M in venture debt for respiratory disease (release)
EKOS raises $5M for ultrasound catheters (peHUB)
Intelligent Bio-Systems draws $353K for high-speed genome sequencing (peHUB)
Quintessence Bio takes in $5M for cancer-directed proteins (VentureWire)
7 Health Ventures adds three members to investment team (release)
Contract manufacturer Cytovance names Darren Head CEO (release)
VaxGen, Raven Bio terminate merger agreement – A weirdly structured, always hard-to-understand merger between the failed vaccine biotech VaxGen and startup Raven Biotechnologies… Continue Reading
Roundup: Winter IPO party?, Google improves directions, Zoho Wiki & more
Latest Silicon Valley round-up:
IPO window opening? — Lots of companies filing to go public lately. In just the past couple of days, there’s WiMax company Clearwire (see our story), game company Glu Mobile (see story), WiFi company Aruba (see story) and now rumors of software company Netsuite preparing one.
Redback Networks comes long way — This San Jose company went big, and then bankrupt in 2003. Now we learn the company, which manages 50 million broadband connections,… Continue Reading
YouTube’s spoils, Yahoo answers, Danger, fuddy US companies & more
The latest roundup of the action happening in Silicon Valley:
First evidence of YouTube wealth — What do you do with your money, when you get it? One way is to spend $20 million to buy Andre Agassi’s Tiburon estate. That’s what Stuart Peterson, of Artis Capital Management, an investor in YouTube, did, as PE Week’s Alex Haislip reports. Or you can invest it into night clubs, as some Web entrepreneurs have done.
Google Answers shuts down, while… Continue Reading