12 Industry-Venture Fund Alliances: 2014 Edition
Genetic Engineering & Biotechnology News (GEN)
For companies struggling with R&D costs, VC firms can be saviors. It helps to have a friend. And for several pharma giants scrambling to cut R&D costs, those friends are venture capital firms that co-invest in startups whose new drugs and platform technologies appear attractive. In some cases, these pharma-venture “alliances” launch the startups, using the expertise of VC firm partners and company executives. Following is a list of 12 such alliances announced in recent years, mostly by biopharma giants with venture capital firms and alliance between Rusnano and Domain Associates is on the first place by total size of funds.
Pharmatsevtichesky Vestnik – Pharmaceutical Bulletin
NovaMedica’s leader Fabrice Egros told Oksana Baranova, Pharmatsevtichesky Vestnik – Pharmaceutical Bulletin correspondent, about how the expats visualize and estimate prospects of the Russian pharmaceutical market.
LA BioMed woos deep pockets interested in its lifesaving research
Sandy Mazza, Daily Breeze
From iodine eyedrops that prevent blindness in children to cholesterol testing to early discoveries that led to in vitro fertilization, the Los Angeles Biomedical Research Institute has made innovative scientific breakthroughs with worldwide implications since 1962.
Surgeon reports high patient satisfaction with hydrogel corneal inlay
Healio.com
Overall patient satisfaction is 98% after implantation with the Raindrop inlay, according to a surgeon here.
Advances in Presbyopia Correction
Roger F. Steinert, MD / Medscape
Hello. I'm Dr. Roger Steinert, Chair of Ophthalmology and Director of the Gavin Herbert Eye Institute at the University of California, Irvine. I just returned from the World Ophthalmology Congress, held this year in Tokyo, Japan, and had the opportunity to participate in several sessions on presbyopia treatments with intracorneal inlays.
Domain Associates Unfazed By Biotech IPO Ups and Downs
Timothy Hay, Wall Street Journal
Biotechnology stocks have had a rollercoaster experience on the public markets this year, with the sector taking a major hit in recent weeks after a long run-up.
Duke spinout Regado files to raise up to $69M in new offering
Jason deBruyn, Triangle Business Journal
Duke University spinout Regado Biosciences has filed notice to sell new shares on the open market.
Syndax Plots $69M IPO For Cancer Drug’s Stretch Run
Ben Fidler, Xcomony
Syndax Pharmaceuticals raised about $27 million in private financing last year to gear up for a late-stage clinical trial. Now, on the doorstep of that lengthy, 600-patient study, the Waltham, MA-based company is looking to Wall Street to get it to the finish line.
SIFI and NovaMedica link up to market eye care products in Russia
ThePharmaLetter
Italian developer of innovative eye care solutions SIFI SpA Russian pharmaceutical company NovaMedica have entered into an exclusive commercial agreement for NovaMedica to market eight products developed and licensed by SIFI for the treatment of a wide range of ophthalmic pathologies in Russia and the CIS. Financial terms of the collaboration were not disclosed.
NovaMedica and Skolkovo Foundation to build a research centre
Kavita Rainova, IHS Global Insight Daily Analysis
NovaMedica's (Russia) research unit, NovaMedica Innotech, has entered into an agreement with Russian agency Skolkovo Foundation for the creation of research centre at technopark Skolkovo. According to the report by news website Pharmvestnik, the research centre is to include biochemical, analytical, and pharmaceutical laboratories with an experimental production of dosage forms.
The RMI group has completed sertain projects
The RMI Group has exited from the capital of portfolio companies:
Marinus Pharmaceuticals, Inc.,
Syndax Pharmaceuticals, Inc.,
Atea Pharmaceuticals, Inc.