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		<title>Life-science briefing: Thursday, April 10, 2008</title>
		<link>http://venturebeat.com/2008/04/10/life-science-briefing-thursday-april-10-2008/</link>
		<comments>http://venturebeat.com/2008/04/10/life-science-briefing-thursday-april-10-2008/#comments</comments>
		<pubDate>Thu, 10 Apr 2008 16:07:32 +0000</pubDate>
		<dc:creator>David P. Hamilton</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[deal]]></category>
		<category><![CDATA[Mergers and Acquisitions]]></category>
		<category><![CDATA[PBM]]></category>
		<category><![CDATA[prostate hyperplasia]]></category>

		<guid isPermaLink="false">http://venturebeat.com/?p=90815</guid>
		<description><![CDATA[<p><strong>TODAY&#8217;S HEADLINES:</strong></p>

HealthExtras buys venture-backed PBM HospiScript for $100M <em>(release)</em>
Urological device-maker NeoTract adds $7.4M <em>(VentureWire)</em>
RNAi-drug startup Intradigm seeks $35M <em>(VentureWire)</em>
Israel&#8217;s Arbel Medical raises $3.5M for tumor cryotherapy <em>(release)</em>

<p><strong>HealthExtras buys venture-backed PBM HospiScript for $100M &#8212; </strong>HospiScript &#8230;</p><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&amp;blog=342986&amp;post=90815&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.businesswire.com/news/google/20080408005850/en" target="_blank">HealthExtras buys venture-backed PBM HospiScript for $100M</a> <em>(release)</em></li>
<li><a href="http://www.venturewire.com" target="_blank">Urological device-maker NeoTract adds $7.4M</a> <em>(VentureWire)</em></li>
<li><a href="http://www.venturewire.com" target="_blank">RNAi-drug startup Intradigm seeks $35M</a> <em>(VentureWire)</em></li>
<li><a href="http://view.exacttarget.com/?j=fe5e15747c6305797315&amp;m=fef5177877600d&amp;ls=fdf011787760037b701c7174&amp;l=fe971671766c037f74&amp;s=fdfa15727267007a7614717c&amp;ju=fe2a15777c61067e751c72" target="_blank">Israel&#8217;s Arbel Medical raises $3.5M for tumor cryotherapy</a> <em>(release)</em></li>
</ul>
<p><a href="http://72.32.125.226/wp-content/uploads/2008/04/hospiscript-logo-150px.gif" target="_blank"><img class="alignleft size-full wp-image-90845" title="hospiscript-logo-150px" src="http://72.32.125.226/wp-content/uploads/2008/04/hospiscript-logo-150px.gif" alt="HospiScript logo" width="150" height="48" /></a><strong>HealthExtras buys venture-backed PBM HospiScript for $100M &#8212; </strong><a href="http://www.hospiscript.com/" target="_blank">HospiScript Services</a>, a Montgomery, Ala., prescription-benefits manager, <a href="http://www.businesswire.com/news/google/20080408005850/en" target="_blank">agreed to be acquired by HealthExtras of Rockville, Md.</a> HealthExtras will pay $100 million in cash for the venture-backed firm, which services the hospice industry.</p>
<p>HospiScript had <a href="http://www.venturewire.com" target="_blank">raised at least $4 million in funding</a>, according to VentureWire. That amount represents a 2005 round that involved Advantage Capital Alabama and Waveland NCP Alabama Ventures. The company declined to say more about its funding history.</p>
<p>Both companies manage the use of prescription drugs &#8212; HealthExtras for corporate, government and nonprofit health plans, HospiScript for hospices &#8212; in ways that are intended to reduce costs. HealthExtras said the acquisition will help it expand in the fast-growing hospice space.</p>
<p><strong>Urological device-maker NeoTract adds $7.4M &#8211;</strong> Pleasanton, Calif.,-based NeoTract (no Web site), a devicemaker focused on urological problems, <a href="http://www.venturewire.com" target="_blank">added $7.4 million to its first round of financing</a>, VentureWire reports. The new funding brings that round to a total of $21.4 million.</p>
<p>New Enterprise Associates provided the cash.</p>
<p>NeoTract is working on a device to treat benign prostate hyperplasia, which is a non-cancerous growth of the prostate. The company doesn&#8217;t describe its device, although it says the product should enter clinical trials next year.</p>
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	<enclosure url="http://72.32.125.226/wp-content/uploads/2008/04/hospiscript-logo-150px.gif" /><source url="http://venturebeat.com/2008/04/10/life-science-briefing-thursday-april-10-2008/">Life-science briefing: Thursday, April 10, 2008</source>
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		<title>Life-science briefing: Tuesday, April 8, 2008</title>
		<link>http://venturebeat.com/2008/04/08/life-science-briefing-tuesday-april-8-2008/</link>
		<comments>http://venturebeat.com/2008/04/08/life-science-briefing-tuesday-april-8-2008/#comments</comments>
		<pubDate>Tue, 08 Apr 2008 15:18:17 +0000</pubDate>
		<dc:creator>David P. Hamilton</dc:creator>
				<category><![CDATA[Uncategorized]]></category>
		<category><![CDATA[aptamers]]></category>
		<category><![CDATA[biotechnology]]></category>
		<category><![CDATA[diagnostics]]></category>
		<category><![CDATA[PBM]]></category>

		<guid isPermaLink="false">http://venturebeat.com/2008/04/08/life-science-briefing-tuesday-april-8-2008/</guid>
		<description><![CDATA[<p><strong>TODAY&#8217;S HEADLINES:</strong></p>

AGI Dermatics takes in $5M for skincare products <em>(release)</em>
Myconostica raises £3.9 for fungal diagnostics <em>(GenomeWeb)</em><br />

Germany&#8217;s Noxxon gets €1M grant for aptamer drugs <em>(release)</em>

<p><strong>AGI Dermatics takes in $5M for skincare products &#8211;</strong> Freeport, N.Y.-based AGI Dermatics, &#8230;</p><img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=venturebeat.com&amp;blog=342986&amp;post=90728&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://sev.prnewswire.com/biotechnology/20080408/NYTU06808042008-1.html" target="_blank">AGI Dermatics takes in $5M for skincare products</a> <em>(release)</em></li>
<li><a href="http://www.genomeweb.com/issues/news/146148-1.html" target="_blank">Myconostica raises </a><span class="bodycopy"><a href="http://www.genomeweb.com/issues/news/146148-1.html" target="_blank">£3.9 for fungal diagnostics</a> <em>(GenomeWeb)</em><br />
</span></li>
<li><a href="http://www.businesswire.com/news/google/20080407005661/en" target="_blank">Germany&#8217;s Noxxon gets €1M grant for aptamer drugs</a> <em>(release)</em></li>
</ul>
<p><a href="http://venturebeat.com/wordpress/wp-content/uploads/2008/04/agi-dermatics-logo-150px.gif" title="agi-dermatics-logo-150px.gif" target="_blank"><img src="http://venturebeat.files.wordpress.com/2008/04/agi-dermatics-logo-150px.gif" alt="agi-dermatics-logo-150px.gif" /></a><strong>AGI Dermatics takes in $5M for skincare products &#8211;</strong> Freeport, N.Y.-based <a href="http://www.agiderm.com/index.php" target="_blank">AGI Dermatics</a>, a startup concentrated on skincare products, <a href="http://sev.prnewswire.com/biotechnology/20080408/NYTU06808042008-1.html" target="_blank">raised $5 million in a new funding round</a>. Investors included <span class="content">Trevi Health Ventures and Spring Mountain Capital.</span></p>
<p>AGI makes cosmetic ingredients and is working on developing topical pharmaceutical lotions as well. Its leading drug candidate is called T4N5 Liposome Lotion, which AGI says includes a DNA-repair enzyme intended to repair ultraviolet damage to the skin. The company is currently testing the product as a preventive treatment for skin cancer.</p>
<p><a href="http://venturebeat.files.wordpress.com/2008/04/noxxon-logo-150px.gif" title="noxxon-logo-150px.gif" target="_blank"><img src="http://venturebeat.files.wordpress.com/2008/04/noxxon-logo-150px.gif" alt="noxxon-logo-150px.gif" /></a><strong>Germany&#8217;s Noxxon gets €1M grant for aptamer drugs &#8212; </strong><a href="http://www.noxxon.net/noxxon/" target="_blank">Noxxon</a>, a German biotech aiming to make drugs from nucleic-acid snippets called aptamers, <a href="http://www.businesswire.com/news/google/20080407005661/en" target="_blank">received a grant</a> from Germany&#8217;s Federal Ministry of Education and Research. The  €1 million ($1.6 million) grant is intended to support <a href="http://venturebeat.com/2007/05/03/noxxon-pharma-draws-50m-for-aptamer-drugs/">Noxxon&#8217;s drug-discovery program</a>, which we covered at greater length last May.</p>
<p><a href="http://venturebeat.com/wordpress/wp-content/uploads/2008/04/myconostica-logo-150px.gif" title="myconostica-logo-150px.gif" target="_blank"><img src="http://venturebeat.files.wordpress.com/2008/04/myconostica-logo-150px.gif" alt="myconostica-logo-150px.gif" /></a><strong>Myconostica raises </strong><span class="bodycopy"><strong>£3.9M for fungal diagostics &#8211;</strong> <a href="http://www.myconostica.co.uk/" target="_blank">Myconostica</a>, a U.K. biotech that spun out of the University of Manchester, <a href="http://www.genomeweb.com/issues/news/146148-1.html" target="_blank">raised </a></span><span class="bodycopy"><a href="http://www.genomeweb.com/issues/news/146148-1.html" target="_blank">£3.9 million ($7.7 million) in a third funding round</a>, GenomeWeb reports. Investors included </span><span class="bodycopy">Amphion Innovations, Nexus Medical Partners, and Innoven Partenaires.</span></p>
<p><span class="bodycopy">The company is working on rapid diagnostic tests for life-threatening fungal infections. Its first product is a test for several types of fungal infection that is nearing approval in Europe, and which Myconostica thinks could receive U.S. approval by the fourth quarter. </span></p>
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