Atlanta, GA– Sciele Pharma, Inc. (NASDAQ:SCRX) today announced that it has signed an exclusive agreement with Novo Nordisk Inc. to market Prandin(R) (repaglinide). Under the terms of the agreement, Sciele will exclusively market Prandin(R) and, upon approval by the U.S. Food & Drug Administration (FDA), PrandiMet(R) (the name submitted to the FDA for a repaglinide/metformin fixed dose combination tablet) to physicians in the U.S., and will have the right of first refusal to obtain marketing rights in the U.S. to other Novo Nordisk products containing repaglinide, the active pharmaceutical ingredient in both Prandin(R) and PrandiMet(R). (more…)

Morrisville, N.C. -Centice Corporation, founded in 2004 to commercialize proprietary computational optical sensor technologies originally developed at Duke University, announced today the successful completion of a new $11.3 million Series B round of equity funding. (more…)

Miami, FL– Winston Laboratories Inc., a specialty pharmaceutical company developing products for pain management, and Getting Ready Corp. (OTCBB: GTRY.OB), a publicly-traded company with no active operations, are merging. As part of the transaction, an investor is putting $9 million in the merged company. (more…)

Research Triangle Park, NC — Oriel Therapeutics has raised a $23 million third round led by New Leaf Ventures to use as working capital as it moves its dry powder inhaler technology forward, the Raleigh News & Observer reported Friday. (more…)

By Allan Maurer, Tech Journal South

COLUMBIA, SC—SC Launch!, an affiliate of SCRA, is investing $152,500 in Columbia-based DigitalDerm, a company that developed a system for the early detection of melanoma, the most dangerous form of skin cancer. (more…)

By Allan Maurer, Tech Journal South

Greensboro, NC– Persistence paid off for Piedmont Pharmaceuticals LLC, a specialty pharmaceutical company. It has raised $8.5 million in Series B financing from CM Capital Investments of Brisbane, Australia, and other accredited investors. The company’s lead product treats head lice in children. (more…)

Kent Faulk, News staff writer, The Birmingham News
Huntsville, AL - State and local officials said Friday the new $65 million HudsonAlpha Institute for Biotechnology could transform Huntsville the way a team of rocket scientists did a half century ago. (more…)

By Stephanie D. Adams

In the mid 1970’s, the Bionic Woman, starring Lindsay Wagner, provided a fantasy account of a woman badly injured in a parachute accident who is reconstructed using bionic implants. Recently relaunched by NBC, the new Bionic Woman enters a very different landscape, where repair and replacement of damaged, diseased or aging body parts is no longer science fiction. (more…)

Charlotte, N.C.– Chelsea Therapeutics International, Ltd. (Nasdaq:CHTP) announced that it has completed its previously announced registered direct offering of approximately 7.4 million shares of common stock at a price $6.62 per share for gross proceeds of $48.9 million. (more…)

 Welcome to the first edition of the Southeast Bio (SEBIO) Venture Wire. Our goal is to provide a bimonthly overview of the most relevant news to those with an interest in the region’s life science community, particularly as it relates to emerging companies. (more…)