Start-up studies: A pop quiz
There’s a classroom exercise that the Stanford technology venture program hits its students with each year: If you had five dollars and two hours, what would you do to make as much money as possible? STVP Executive Director Tina Seelig discusses the query and how budding entrepreneurs responded.
What about you, EC readers? How would you answer? Sound off in the comments below.
Stubbing out tobacco-funded research
A few weeks from now, the University of California and Stanford University may both institute across-the-board bans on tobacco-industry research funding, a sign of the latest struggle between academic integrity and university buckraking to play out across higher education.
The proponents of the ban have a simple point: Tobacco companies sell legal products that kill millions of people every year and for decades have distorted scientific research in order to deflect threats to their business. By… Continue Reading
Cytyc to buy women’s contraception company, Adiana, for up to $215M
Cytyc Corporation, a publicly traded company targeting women’s health and cancer diagnostics, said it has agreed to acquire Adiana, a venture-backed Redwood City company that has developed a “non-incisional alternative to tubal ligation” for permanent contraception for women.
Cytyc, based in Marlborough, Mass., will make an initial upfront $60 million cash payment, and depending on milestones, such as whether Adiana’s product meets FDA approval, and sales growth over the next few years, total payments could reach… Continue Reading