diaDexus lands $9.2M for cardiovascular diagnostics

South San Francisco, Calif. biotech firm diaDexus just raised $9.2 million in sixth-round funding from Scale Venture Partners, GlaxoSithKline and Baker Brothers Advisors, according to peHUB. The company’s first and only product, the PLAC Test, is used to detect early indicators of risk for heart… Continue Reading

Life sciences briefing: Thursday, Feb. 21, 2008

Life sciences briefing: Thursday, Feb. 21, 2008

TODAY’S HEADLINES:

Compact ultrasound maker Zonare Medical raises $30M (VentureWire)
TherOx raises $30M for hypersaturated-oxygen devices (peHUB)
Accumetrics, antiplatelet-drug diagnostic maker, raises $29M (release)
Population Genetics takes in £3.8M for massively parallel genome studies (GenomeWeb)
“Brain fitness” trainer Dakim raises $11M (release)
BioIQ, home-diagnostics maker, takes in $2.5M (release)
Hospital med-tracker Sabal… Continue Reading

Life sciences briefing: Monday, Sept. 24, 2007

Life sciences briefing: Monday, Sept. 24, 2007

Featured companies: Adnexus Therapeutics, Bristol-Myers Squibb, Cellerix, Elixir Therapeutics, GenomeQuest, Intronn, JapanBridge, JenaValve, VirXsys, Ysios Capital

[NOTE: This item is a catchup daily briefing originally posted on 9/27/07. I've edited the item's timestamp to preserve the chronological order of the briefings. --D.P.H.]

Adnexus Thera cancels IPO, sells… Continue Reading

Xoft raises $33.2M for breast cancer treatment

Xoft, a Fremont Ca. developer of a treatment to reduce the recurrence of breast cancer, said it has raised $33.2 million in a fourth round of financing, and plans to treat its first patients.

See statement here.

The company says its Axxent Electronic Brachytherapy System “uses a… Continue Reading

DiaDexus, which tests for cancer and cardiovascular disease, raises $40M

DiaDexus, a South San Francisco company that makes tests to detect cancer and cardiovascular disease, said it has raised $40 million in a fifth round of funding, according to VentureWire (sub required).

The company says the funding will take it to profitability next year. Baker Brothers… Continue Reading