Cytyc to buy women’s contraception company, Adiana, for up to $215M
Cytyc Corporation, a publicly traded company targeting women’s health and cancer diagnostics, said it has agreed to acquire Adiana, a venture-backed Redwood City company that has developed a “non-incisional alternative to tubal ligation” for permanent contraception for women.
Cytyc, based in Marlborough, Mass., will make an initial upfront $60 million cash payment, and depending on milestones, such as whether Adiana’s product meets FDA approval, and sales growth over the next few years, total payments could reach… Continue Reading
Athena Design, an electronic design automation co., raises $4M
Santa Clara’s Athena Design Systems, an electronic design automation (EDA) start-up focused on implementation issues in physical integrated chip (IC) design, said it has secured an additional $4 million in investment capital.
The company’s second round of funding attracted two new investors, PhillipCapital and NTT FINANCE CORPORATION, and also included additional funding from the Company’s initial investors — the Woodside Fund, Asset Management Company and Draper Richards, the company said. Total funding stands at $8.2… Continue Reading