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,… Continue Reading

Life sciences briefing: Monday, Aug. 13, 2007

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… Continue Reading