Aerovance inhales $38M for asthma drugs

Aerovance, developer of asthma medications, just brought in $38 million in a post-recapitalized third round of funding to push its lead drug candidate through a second phase of clinical trials. The company has already received $20 million, with the option of claiming the remaining $18… Continue Reading

Tech support company PlumChoice raises $2.8M

Remote tech support company PlumChoice has raised an additional $2.8 million to complete its third funding round at a total of $8 million.

The Billerica, Mass. startup provides training, maintenance and repair for more than 370 applications. Its technicians can make home visits when necessary, but… Continue Reading

Life-science briefing: Friday, March 28, 2008

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… Continue Reading

Life sciences briefing: Wednesday, Oct. 31, 2007

Life sciences briefing: Wednesday, Oct. 31, 2007

Featured companies: AerovectRx, Dicerna Pharmaceuticals, Harmony Information Systems, Intelligent Hospital Systems, Merrion Pharmaceuticals, Syntaxin, SymBio Pharmaceuticals

UPDATED: Expanded items on Harmony Info, SymBio Pharma and Merrion Pharma, added Dicerna item.
UPDATE REDUX: Added Syntaxin item.

U.K. biotech Syntaxin raises £16M for pain and nervous-system drugs — Syntaxin, a U.K. biotech focused… Continue Reading

Life sciences briefing: Thursday, Oct. 4, 2007

Life sciences briefing: Thursday, Oct. 4, 2007

Featured companies: 23andMe, APT Pharmaceuticals, Hyperion Therapeutics, Isis Biopolymer, Virogenomics

UPDATED at 10:30am PT.

APT Pharma raises $22M for transplant and heart drugs — Burlingame, Calif.’s APT Pharmaceuticals, a specialty pharma currently focused on a drug to fight organ-transplant rejection, raised $22 million in an extension of its first… Continue Reading

Life sciences briefing: Tuesday, Aug. 28, 2007

Life sciences briefing: Tuesday, Aug. 28, 2007

Featured companies: ProNAi, Rubicor

ProNAi raises $2M for IV cancer drugs — ProNAi, a Kalamazoo, Mich., biotech focused on intravenous cancer drugs, raised $2 million toward a $4 million bridge round, VentureWire reports (subscription required). The company aims to raise a $25 million second round later tihs… Continue Reading