MORRISVILLE,  NC – nContact Surgical, formerly known as Ablatrics Inc., has raised $13.15 million of a targeted $23.15 million equity raise, according to a regulatory filing. nContact makes medical devices for the endoscopic treatment of heart arrhythmias. (more…)

ATLANTA—Researchers at Emory University and the Georgia Institute of Technology will join forces against head and neck cancers and pancreatic cancer using two grants from the National Cancer Institute’s Cancer Nanotechnology Platform Partnerships (CNPP) program. The cooperative five-year grants totaling $4.7 million will be used to develop nanoparticles as diagnostic and therapeutic tools against cancers. (more…)

DURHAM, NC – Chesson Laboratory Associates Inc. has raised $1.1 million of a $2 million share offering, according to a regulatory filing. The US Food and Drug Administration cleared the company’s Liquid Bandage product in 2009. (more…)

MARIETTA, GA – Effcon MXR, a company developing a once-a-day version of a drug used to treat glaucoma, has raised $522,000 of a targeted $3 million raise, according to a regulatory filing. (more…)

ATLANTA – Southeast BIO (SEBIO), a regional nonprofit organization dedicated to fostering the growth of the Southeast’s life sciences industry, has named the best life sciences deals in the Southeast, as determined by a Selection Committee comprised of regional and national venture capitalists.  These companies, both early- and later-stage, will participate in the upcoming SEBIO Investor Forum being held on November 3-4, 2010 at the Ritz-Carlton, Buckhead in Atlanta, Georgia. (more…)

BOCA RATON, FL – Vicor Technologies Inc. (OTCBB: VCRT) has raised $2.72 million of its $2.95 million debt offering, according to a regulatory filing. The company disclosed the financing in a filing with the US Securities and Exchange Commission, which says the the total offering is targeted at $2.95 million. (more…)

ATLANTA – Alimera Sciences Inc. (Nasdaq:ALIM)  has obtained a $32.5 million senior secured credit facility to help fund its working capital requirements. The credit facility consists of a $20 million revolving line of credit provided by Silicon Valley Bank and a $12.5 million term loan provided by MidCap Financial, LLC and Silicon Valley Bank. (more…)

DURHAM, NC - BioCryst Pharmaceuticals (Nasdaq:BCRX)  is moving its headquarters from Birmingham, AL to Durham, NC, the Birmingham Business Journal reports. (more…)

BRISTOL, TN – Pfizer Inc.(NYSE: PFE)  and King Pharmaceuticals Inc. (NYSE: KG)have agreed to merge in a deal worth $3.6 billion in cash. (more…)

MORRISVILLE, NC – Neuronex Inc. has raised $1.5 million in Series A funding and was awarded a $250,000 Small Business Research Loan from the North Carolina Biotechnology Center to launch the company focused on developing drugs for central nervous system diseases and disorders. (more…)