ATLANTA, GA - The first quarter of 2011 was relatively strong for venture capital investment in the life sciences sector. According to the new MoneyTree^TM Report from PricewaterhouseCoopers LLP, dollars invested rose 16 percent to $1.4 billion, although deal volume fell by 9 percent. Overall, the life sciences sector tracked the larger venture capital market, in which much of the funding was directed to later stage deals with average deal size continuing to increase. (more…)

Durham, NC - Duke University has established a new $20 million biomedical endowment to support a program that has had a knack for launching new medical companies, focusing in particular on medical technology. (more…)

ORLANDO, FL – Orlando-based LensAR has raised $2 million of a targeted $7 million offering, according to a regulatory filing. The company is developing and commercializing laser and 3D imaging technology for refractive cataract surgery. (more…)

ORLANDO, FL – AOI Medical Inc., a startup developing a medical device to treat vertical compression fractures, has raised $2.92 million of a $5.62 million offering, according to a regulatory filing. (more…)

Durham, NC - Tranzyme Inc.officially became the newest Triangle-based public company Monday, when shares of the Durham-based biopharma began trading on the Nasdaq. (more…)

NEWPORT NEWS, VA – Dilon Technologies Inc., a medical imaging solutions company, has raised $875,000 from a $1.5 million mixed securities offering, according to a regulatory filing. (more…)