H-P’s “great-grandchild” gets $7.7M for portable diagnosis

Third-generation spinout Alverix, a San Jose, Calif., maker of hand-held devices for medical diagnostic use, raised $7.7 million in a first funding round. Safeguard Scientifics and New Venture Partners provided the cash.

Satoris raises $5M, preps Alzheimer’s test for research use

Redwood City, Calif.-based Satoris, a biotech developing a blood test for Alzheimer’s disease, raised $5 million in a second funding round, VentureWire reports. The deal values Satoris at $13.8 million after the financings. The company had previously raised $1 million from individuals, and said it will seek another $15 million this year.

Cantimer, a nanosensor startup, names new CEO

Menlo Park, Calif.-based Cantimer, a stealthy developer of sensor technology with biomedical, biodefense and consumer applications, named Robin Stracey as its new CEO. The company’s release is here.

Life sciences briefing: Monday, Oct. 29, 2007

Featured companies: Azaya Therapeutics, Global Care Solutions, Oxford Immunotec, RealSelf.com, Sequoia Pharmaceuticals, Tactile Systems Technology, WellGen, Zeltiq Aesthetics

Life sciences briefing: Wednesday, Oct. 17, 2007

Featured companies: Algorithme Pharma, Bacchus Vascular, Botaneco, Cubist Pharmaceuticals, Ikonisys, Healthcare Management Systems, Illumigen Biosciences, Kilmer Capital Partners, Medical Specialties Distributors, Metastatix, Microphage, Orthosoft, Thomas McNerney & Partners, TranS1, TriReme Medical, Wren Medical, Zimmer