Green Biologics joins race to develop alternative transport fuel, raises $3.2M
Green Biologics, an Oxfordshire, UK company using biotechnology to produce a butanol-based fuel for transportation, has raised £1.58 million (about $3.2 million) in funding.
The company faces a number of competitors seeking to make alternative transport fuel from manufactured biofuels. Many of them are science projects, and are a year or two away from hitting the market. They include Amyris, Gevo, Synthetic Genomics and LS9 (see our coverage )
Investors in Green Biologics are Carbon Trust Investments… Continue Reading
Life sciences briefing: Monday, Aug. 13, 2007
(UPDATED: See below.)
Featured companies: FoldRx Pharmaceuticals, Ophthotech, Pevion Biotech, Restoration Robotics, Glide Pharma, Reliant Pharmaceuticals, Nanosphere, SurModics, BioFX Laboratories
FoldRx Pharma to receive $22M against cystic fibrosis — Cambridge, Mass.-based FoldRx Pharmaceuticals, a biotech focused on diseases that result from misfolded proteins, will get $22 million over the next five years from an affiliate of the Cystic Fibrosis Foundation to further its work against the genetic lung disease. The money will be paid as FoldRx meets various developmental… Continue Reading