Winston-Salem, NC - Targacept, Inc. (Nasdaq: TRGT - News), a clinical-stage biopharmaceutical company developing a new class of drugs known as NNR TherapeuticsTM, today announced that its collaboration and license agreement with AstraZeneca for the global development and commercialization of TC-5214 for major depressive disorder (MDD) has become effective as a result of early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act. Effectiveness of the agreement triggered an upfront payment of $200 million from AstraZeneca to Targacept. (more…)
Richmond, VA & Rosh Ha’Ayin, Israel – EnzySurge, which makes the DermaStream line of wound management products, has expanded its lastest round to $4.1 million. (more…)
Research Triangle Park, NC – PhaseBio Pharmaceuticals Inc., a company developing a technology to purify and produce drugs with enhanced effectiveness, has raised a $25 million funding led by New Enterprise Associates and OSI Investment Management, a subsidiary of OSI Pharmaceuticals. (more…)
Blacksburg, VA – In a good day for life sciences funding news, we see via a regulatory filing that investors have pumped another $25 million into Intrexon, a company focused on modular DNA control systems for biotherapeutics and other industry sectors. (more…)
Glen Allen, VA - Osteologix, Inc. (OTCBB: OLGX) today announced that it has entered into a securities purchase agreement for a $1 million private placement of its common stock. (more…)
Greenville, SC – Lab21 Inc. will locate its new U.S. headquarters, a diagnostics service laboratory and product distribution operations, in Greenville County, creating 65 new jobs. (more…)
Atlanta, GA - Southeast BIO (SEBIO) has announced the winner of its third annual BIO/Plan Competition, a year-long business creation competition. The winner is Restorative Physiology Group, LLC (Charleston, SC). Restorative Physiology Group will take home the BIO/Plan grand prize valued at $100,000.00 in non-dilutive cash and services. (more…)
More than 300 people attended the Eleventh Annual Southeastern BIO Investor Forum on December 3-4th in Charleston, South Carolina. The Forum is the Southeast’s premier life sciences venture capital conference. (more…)
Orlando, FL – The first time we heard the term radiopharmacy, we wondered where we could get a prescription for music. But that’s radio as in radioactive. Venture-backed Triad Isotopes says it will double the size of its downtown Orlando office after it acquires the 37 U.S. radiopharmcies owned by Dublin, Ireland-based Covidien. (more…)
Charlottesville, VA – WellAWARE Systems, a developer of next-generation wellness monitoring solutions for senior care providers, has closed $7.5 million of growth capital from Valhalla Partners and .406 Ventures. (more…)
