Targacept and Catalyst Biosciences Amend Definitive Merger Agreement

Posted by on May 15, 2015 in Newsroom | 0 comments

WINSTON-SALEM, N.C. & SAN FRANCISCO, CA. – Targacept, Inc. (NASDAQ: TRGT) and Catalyst Biosciences, Inc., a privately held biopharmaceutical company, jointly announced that they have entered into an amendment to the definitive agreement to merge the two companies. Targacept and Catalyst previously announced entering into the definitive merger agreement on March 5, 2015. On April 6, 2015, Targacept disclosed the termination, effective June 1, 2015, of the research and license agreement between Catalyst and Wyeth LLC (a wholly owned subsidiary of Pfizer), which governs the...

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NuSirt Biopharma Raises $6 Million in Series C Funding

Posted by on May 14, 2015 in Newsroom | 0 comments

NASHVILLE, TN. – NuSirt Biopharma, a company dedicated to improving the lives of those with chronic metabolic diseases, announced it has raised $6 million in Series C financing, of which $2 million has been funded. Hatteras Venture Partners was joined by existing stockholders, including Mountain Group Partners and TriStar Technology Ventures. “Lowering the effective doses of medicines may make it more likely for patients to comply with their doctors’ orders and therefore be better able to manage their health conditions.” NuSirt will use this additional funding to expand research...

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Virginia biotech company moves operations to Research Park

Posted by on May 12, 2015 in Newsroom | 0 comments

RICHMOND, VA –  A company that is working on ways to fight antibiotic-resistant infections has moved its local operations into the Virginia BioTechnology Research Park. AmpliPhi BioSciences Corp. moved from its office in the Innsbrook Corporate Center in western Henrico County into the downtown Richmond research park in early May, the company and the park announced Monday. “It is essentially all of our financial and accounting business operations that are based here,” said Baxter Phillips III, the company’s chief business officer. AmpliPhi already had lab space in the research...

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Cartiva, Inc. Closes $8.5 Million Financing

Posted by on May 12, 2015 in Newsroom | 0 comments

ALPHARETTA, GA. – Cartiva, Inc., a developer of innovative products for the treatment of cartilage injuries and osteoarthritis, announced that it has secured $8.5 million in an oversubscribed Series D financing led by New Enterprise Associates (NEA) and with participation by new investor Windham Ventures Partners. “With deep knowledge and years of experience in sales channel development, strategic planning and launching new and innovative orthopedic medical devices, his appointment strengthens the executive leadership team and adds significant operational and commercial...

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Precision BioSciences raises $25.6M

Posted by on May 11, 2015 in Newsroom | 0 comments

RESEARCH TRIANGLE PARK, N.C. – Precision BioSciences, the genome editing company, today announced the closing of a $25.6 million Series A financing led by venBio. Joining in the oversubscribed financing are Fidelity Biosciences, Amgen Ventures, Baxter Ventures, Osage University Partners, the Longevity Fund, and two well-known public market investors. Robert Adelman of venBio and Ben Auspitz of Fidelity Biosciences will join Precision’s Board alongside Precision’s Chief Executive Officer, Matthew Kane and Chief Scientific Officer, Derek Jantz. “We are thrilled to welcome such a...

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Growth in biotech trade show mirrors growing industry

Posted by on May 9, 2015 in Newsroom | 0 comments

ALACHUA, FL. – Signs of a growing biotech industry could be seen in all directions this week during the 12th annual BioFlorida Celebration of Biotechnology on the grounds of RTI Surgical at Progress Park. Three more tents were added this year to accommodate 94 tables, up from 80 last year, to house the trade show’s biotech companies and businesses offering lab equipment, patent attorneys and construction services, among others. Down the hill and across U.S. 441, site work continued to prepare for construction of the first of four buildings in Foundation Park, offering much-needed...

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