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	<title>VentureBeat &#187; neurorobotics</title>
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		<title>Life sciences briefing: Tuesday, Jan. 29, 2008</title>
		<link>http://venturebeat.com/2008/01/29/life-sciences-briefing-tuesday-jan-29-2008/</link>
		<comments>http://venturebeat.com/2008/01/29/life-sciences-briefing-tuesday-jan-29-2008/#comments</comments>
		<pubDate>Tue, 29 Jan 2008 18:12:59 +0000</pubDate>
		<dc:creator>David P. Hamilton</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[biotechnology]]></category>
		<category><![CDATA[cancer biomarkers]]></category>
		<category><![CDATA[deal]]></category>
		<category><![CDATA[immune system]]></category>
		<category><![CDATA[medical devices]]></category>
		<category><![CDATA[neurorobotics]]></category>
		<category><![CDATA[proteomics]]></category>
		<category><![CDATA[stroke]]></category>

		<guid isPermaLink="false">http://venturebeat.com/2008/01/29/life-sciences-briefing-tuesday-jan-29-2008/</guid>
		<description><![CDATA[<p><strong>TODAY&#8217;S HEADLINES:</strong></p>

 Immune-system specialty pharma Circassia raises £11M <em>(release)</em>
 Cancer-biomarker biotech CS-Keys takes in $6.3M <em>(release)</em>
 Neuro-robotic device maker Myomo receives $3M <em>(VentureWire)</em>
 Micropharma draws C$1.8M for nutraceutical delivery <em>(VentureWire)</em>
 Avalon Labs gets $66M for disposable life-support components <em>(release)</em>
 Gloucester<p>&#8230;</p><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&amp;blog=342986&amp;post=79606&amp;subd=venturebeat&amp;ref=&amp;feed=1" width="1" height="1" />]]></description>
			<content:encoded><![CDATA[<p><strong>TODAY&#8217;S HEADLINES:</strong></p>
<ul>
<li> <a href="http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&amp;STORY=/www/story/01-29-2008/0004744604&amp;EDATE=" target="_blank">Immune-system specialty pharma Circassia raises £11M</a> <em>(release)</em></li>
<li> <a href="http://venturebeat.com/wp-content/uploads/2008/01/cs-keys-pr-1-29-08.txt">Cancer-biomarker biotech CS-Keys takes in $6.3M</a> <em>(release)</em></li>
<li> <a href="http://www.venturewire.com" target="_blank">Neuro-robotic device maker Myomo receives $3M</a> <em>(VentureWire)</em></li>
<li> <a href="http://www.venturewire.com" target="_blank">Micropharma draws C$1.8M for nutraceutical delivery</a> <em>(VentureWire)</em></li>
<li> <a href="http://sev.prnewswire.com/banking-financial-services/20080128/NEM08028012008-1.html" target="_blank">Avalon Labs gets $66M for disposable life-support components</a> <em>(release)</em></li>
<li> <a href="http://www.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&amp;newsId=20080128005709&amp;newsLang=en" target="_blank">Gloucester Pharma names Alan Colowick as CEO</a> <em>(release)</em></li>
<li> <a href="http://www.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&amp;newsId=20080128005685&amp;newsLang=en" target="_blank">ConforMIS names Philipp Lang as CEO</a> <em>(release)</em></li>
<li> <a href="http://www.businesswire.com/portal/site/google/index.jsp?ndmViewId=news_view&amp;newsId=20080128005685&amp;newsLang=en" target="_blank">Pharma-marketing firm TargetRx names Craig Scott as CEO</a> <em>(release)</em></li>
</ul>
<p><a href="http://www.circassia.co.uk/"href='http://venturebeat.files.wordpress.com/2008/01/circassia-logo-150px.gif' title='circassia-logo-150px.gif'><img src='http://venturebeat.files.wordpress.com/2008/01/circassia-logo-150px.gif' alt='circassia-logo-150px.gif' /></a><strong>Immune-system specialty pharma Circassia raises £11M &#8211;</strong> <a  target="_blank">Circassia</a>, an Oxford, England biotech focused on immune-system disorders, <a href="http://www.prnewswire.com/cgi-bin/stories.pl?ACCT=104&amp;STORY=/www/story/01-29-2008/0004744604&amp;EDATE=" target="_blank">raised £11 million ($21.8 million)</a> in a second funding round. Investors included Goldman Sachs, Invesco Perpetual, Imperial Innovations and Lansdowne Partners.</p>
<p>The company is currently developing a range of allergy treatments by &#8220;retraining&#8221; the immune system not to react to allergens such as cat dander, dust mites, ragweed and grass. Circassia&#8217;s approach is to isolate short stretches of the allergy-causing proteins and expose them to the immune system&#8217;s antigen-presenting cells, attracting other cells that, though a complex biochemical dance, teach the immune system to &#8220;tolerate&#8221; the original protein.</p>
<p>Circassia is &#8220;preparing to complete&#8221; mid-stage trials &#8216;of its lead candidate, which is aimed at treating allergy to cat dander. The company says its technology should also be useful in preventing the rejection of transplanted organs.</p>
<p><a href="http://www.cs-keys.com/"href='http://venturebeat.files.wordpress.com/2008/01/cs-keys-logo-150px.gif' title='cs-keys-logo-150px.gif'><img src='http://venturebeat.files.wordpress.com/2008/01/cs-keys-logo-150px.gif' alt='cs-keys-logo-150px.gif' /></a><strong>Cancer-biomarker biotech CS-Keys takes in $6.3M &#8211;</strong> <a  target="_blank">CS-Keys</a>, an Indianapolis biotech working on protein-based &#8220;biomarkers,&#8221;, <a href="http://venturebeat.com/wp-content/uploads/2008/01/cs-keys-pr-1-29-08.txt">raised $6.3 million</a> in a first funding round. Investors included Triathlon Medical Ventures, Clarian Health Ventures, Prolog Ventures and Ceres Venture Fund.</p>
<p>CS-Keys aims to find proteins that indicate the presence and status of tumors, and which can serve as a diagnostic for early detection or for monitoring the status of cancer patients. The company says its first product will be a pathology stain for detection of proliferating cell nuclear antigen in biopsied tumor samples. As a followup, the company intends to pursue a blood test for detecting the return of tumors in patients whose cancer has gone into remission.</p>
<p><a href="http://www.myomo.com/"href='http://venturebeat.files.wordpress.com/2008/01/myomo-logo-150px.gif' title='myomo-logo-150px.gif'><img src='http://venturebeat.files.wordpress.com/2008/01/myomo-logo-150px.gif' alt='myomo-logo-150px.gif' /></a><strong>Neuro-robotic device maker Myomo receives $3M &#8211;</strong> Boston&#8217;s <a  target="_blank">Myomo</a>, a &#8220;neurorobotics&#8221; company designing technology to help patients learn to regain the use of weakened or partially paralyzed limbs, raised $3 million in a second funding round, <a href="http://www.venturebeat.com">VentureWire reports</a>. Angel investors provided the funding.</p>
<p>Founded in 2006, Myomo has developed a &#8220;smart&#8221; elbow brace for aiming to relearn how to move stroke-impaired arms. The brace senses electrical nerve signals in the skin&#8217;s surface, generated when patients try to move an arm, and then electromechanically moves the arm as the patient intended. The idea is to provide real-time feedback so that patients can re-educate their muscles in order to regain motor control.</p>
<p>The Myomo device has been studied in six patients, who demonstrated a statistically significant improvement in two measures of movement. The company has two additional studies underway in chronic and sub-acute stroke patients. The device has been cleared for hospital use, although Myomo eventually hopes to win approval for home use as well.</p>
<p>Myomo hopes to add another $8 million from venture capitalists by this summer, in what may either be a third round or an extension of the second. The current funding will allow the company to roll out its device to medical facilities nationwide.</p>
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