Charlottesville, Va. — Soft Tissue Regeneration (STR), a Charlottesville-based medical technology firm that develops synthetic scaffolds that help encourage tissue regeneration, said that it has raised $3.5 million in its first round of funding, led by MentorTech Ventures. (more…)
COLUMBIA, SC—SC Launch!, an affiliate of SCRA, is investing $200,000 seed money in SensorTech, a company developing a contact sensing technology that may find initial uses in prothetics such as artificial joints. (more…)
Coral Gables, FL - Stiefel Laboratories, Inc., the world’’s largest independent pharmaceutical company specializing in dermatology, announced today that it has completed its previously announced acquisition of Princeton, New Jersey-based Barrier Therapeutics, Inc. Upon the closing of the acquisition, all remaining outstanding shares of Barrier common stock, other than those held by stockholders who properly perfect appraisal rights under Delaware law, were converted into the right to receive $4.15 per share in cash. Effective with the close of trading on August 6, 2008, shares of Barrier will no longer be listed on the NASDAQ Global Market. (more…)
CHARLOTTESVILLE, VA and NEWTON, Mass. — Clinical Data, Inc. (NASDAQ:CLDA) today announced the acquisition of Adenosine Therapeutics, L.L.C., a developer of drug products based on its extensive portfolio of composition of matter and method of use patents relating to selective adenosine receptor modulators. In exchange for all of the company’s operating assets, Clinical Data paid $11 million in cash, and entered into a $22 million, five-year promissory note and a separate $3.2 million, 32-month promissory note. Contingent consideration of up to $30 million in cash may be paid on achievement of certain regulatory and commercial milestones. (more…)
Norcross, GA.-Immucor, Inc. (Nasdaq:BLUD), a global leader in providing automated instrument-reagent systems to the blood transfusion industry, announced today that it has closed its previously- announced acquisition of BioArray Solutions Ltd. (more…)
Sunrise, FL -Bioheart Inc. (Nasdaq:BHRT) has entered a non-binding letter of intent to buy Poland’s Medicalalgorithmics and worldwide rights to its Pocketecg.
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Buford, Ga–Theragenics Corporation(R) (NYSE: TGX), a medical device company serving the surgical products and prostate cancer treatment markets, announced today that it completed the acquisition of NeedleTech Products, Inc., on July 28, 2008. The agreement to acquire NeedleTech for $47.8 million was previously announced by Theragenics on July 16, 2008. (more…)
Research Triangle Park, N.C. — Athenix, a developer of biotechnology solutions for use in the agriculture and chemical industries, has closed on $10 million in new funding. (more…)
WEST PALM BEACH, FL — The Palm Beach County Commission today approved a plan to give the Max Planck Society of Germany almost $87 million to set up an institute near Scripps Florida in Jupiter. (more…)
Durham, NC - Slate Pharmaceuticals, a Durham based startup focused on hormone replacement therapies, has raised about $5 million from 34 private investors, according to the Raleigh News & Observer. (more…)
