MIAMI, FL—Public and private sector investments in research at major Florida universities were up $36.5 million between 2005 and 2006, totaling more than $1.6 billion in 2006, according to a new survey. (more…)

by Stephanie Adams
Executive Director, Southeast BIO

Large and impressive displays by Southeastern states at last week’s BIO International Convention in Boston are evidence of the importance of the biotech industry to the economic growth of the individual states and the region as a whole. (more…)

Pittsboro, NC: Biolex Therapeutics, a privately held biopharmaceutical company, announced today the closing of a $30 million Series C financing. (more…)

Research Triangle Park, NC– IDEA Fund Partners, a new venture capital partnership targeting investment in seed and early stage companies, has announced initial closing of its inaugural IDEA Fund I. (more…)

Nashville, TN: Cumberland Pharmaceuticalshas filed its registration with the Securities and Exchange Commission for its initial public offering. The Nashville company wants to raise $115 million by offering a yet undetermined amount of shares.

http://nashville.bizjournals.com/nashville/stories/2007/04/30/daily21.html

Alachua, FL– Pasteuria Bioscience, a Florida based agricultural biotech company, announced today that it has completed the $ 5.3 million closing of a series B financing round led by LSP BioVentures who joined existing Series A investors, Advantage Capital and Gordon River Capital. (more…)