Life sciences briefing: Tuesday, Feb. 19, 2008
TODAY’S HEADLINES
Sonoma Ortho names Glen Coleman as CEO, preps launch of bone implant (VentureWire)
TechniScan draws $13M for ultrasound CT scanners (release)
OrbiMed plans $150M Asian life-science fund (VentureWire)
Accelerated Tech pulls in $47M, aims for $125M in second med-tech fund (VentureWire)
Amedisys buys out TLC Health Care for $395M (release)
Intertek acquires microbe measurer CML Biotech (release)
Medical-device maker Cianna Medical names Jill Anderson as CEO (release)
Sonoma Ortho names Glen Coleman as CEO, preps launch of bone implant – Santa Rosa,… Continue Reading
Life sciences briefing: Thursday, Dec. 27, 2007
TODAY’S HEADLINES:
India’s Perfint, medical-device co., raises $3.5M (release)
Source MDx strikes Pfizer partnership to ID cancer, inflammation “fingerprints” (release)
Columbia River Resources acquires pharma RFID maker Traxxec (release)
India’s Perfint, medical-device co., raises $3.5M – Perfint, a Chennai, India-based producer of medical equipment, raised $3.5 million in a new funding round.
IDG Ventures India and Erasmus Venture Fund provided the cash. IDG supplied the bulk of the investment — $3 million — with Erasmus providing the rest.
Perfint’s first product,… Continue Reading
MPM says the game is afoot in India
MPM Capital, a VC firm headquartered in Boston and South San Francisco, Calif., wants to put Indian life-science firms on notice that it’s comin’ a-huntin’. The VC firm told reporters for VentureWire, Reuters and others that it plans to actively pursue equity investments in privately held Indian healthcare firms over the next six months.
William Greene, a general partner at MPM, said he would like to see the firm make one or two Indian investments… Continue Reading
Life sciences briefing: Wednesday, Dec. 5, 2007
Featured companies: AxoGen, Cognition Therapeutics, Ester Neurosciences, Gene Security Network, HealthTalk, MPM Capital, Revolution Health, SparkPeople
UPDATING: Expanded items on AxoGen, Ester and Cognition. Posted full items on MPM (link) and Gene Security Network (link).
AxoGen raises $12M for nerve regeneration — AxoGen, an Alachua, Fla., biotech focused on developing grafts for damaged “peripheral” nerves, raised $12.1 million in a third funding round. Investors included Accuitive Medical Ventures, Cardinal Partners, De Novo Ventures and Springboard Capital II.
AxoGen develops tissue… Continue Reading
Roundup: Digg’s deal, Facebook, Stage6, AideRSS, Toyota’s plug-in, Google & more
Here’s the latest action:
Digg, the news-ranking site, signs big advertising deal with Microsoft — It is similar to the one signed by Facebook with Microsoft, says co-founder Kevin Rose.
Divx to spin off its Stage6 video-sharing site: Stage6, a site featuring user-created videos that uses technology from its publicly traded parent company Divx, has been growing so fast that Divx has experienced a sharp up-tick in operating expenses, lowering its overall operating income. So San Diego’s DivX… Continue Reading
MPM goes after Indian healthcare companies
MPM Capital, a San Francisco venture capital firm focused on healthcare investments, has partnered with Indian biotechnology company Reliance Life Sciences to invest in India.
VentureWire has the story (sub required), and says it is significant because it is one of the first commitments to healthcare in India by a U.S. venture firm. Others, such as SV Life Sciences, have done so selectively.
We mentioned MPM’s latest fund here.
Wikia’s coffers, Browster dies, closed Dash, Techdirt’s $, and RepoMan Redux
Roundup of the latest Silicon Valley action:
Browster, dies — The web 2.0 carnage is beginning to pile up. This week’s casualty is San Francisco’s Browster, the company that wanted to save you time by popping up a little image of a page when you scrolled over a link — letting you avoid clicking. It focused on search results at Google, but never found a way to make money. It munched through $5.8 million in funding from… Continue Reading
MakeMyTrip, Indian travel site, raises $13M, joins all the other Indian travel sites
MakeMyTrip.com, the Indian travel site, has raised $13 million in a second round of funding amid robust growth, according to The Economic Times.
Helion Ventures and Sierra Ventures, and existing backer Softbank Asia Infrastructure Fund (SAIF) invested $6 million, $4 million and $3 million, respectively, the report said. MakeMyTrip may have sold about 20% of its stake in this round, it said, citing people familiar with the transaction.
SAIF already invested $10M last year, which makes… Continue Reading