USC’s Technology incubator Nurtures Local Tech Startups

Posted by on Aug 20, 2014 in Newsroom | 0 comments

COLUMBIA, S.C. - When you think of tech companies, incubators or startups, South Carolina is still probably one of the last places that comes to mind. But with its new Office of Economic Engagement, which launched in the summer of last year, and a steadily growing incubator program, the University of South Carolina is working to change any misconceptions about tech startups not meshing well with the Palmetto State. Just last week, USC’s Technology incubator held a graduation ceremony for seven companies that were ready to transition into the larger business community. One of the...

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North Carolina Roundup: BioCryst, Biotech Center, Validic, & More

Posted by on Aug 20, 2014 in Newsroom | 0 comments

RESEARCH TRIANGLE PARK, N.C. – Here are this week’s headlines in North Carolina tech and biotech news: —BioCryst Pharmaceuticals (NASDAQ: BCRX) is moving toward Phase 1 clinical trials of its experimental treatment for Ebola and Marburg viruses with $4.1 million in new funding. The money from the National Institute for Allergy and Infectious Disease is the latest award in a five-year contract valued at up to $22 million for the Durham company. In addition to safety studies of the compound BCX4430 in humans, BioCryst will also assess dosing of the antiviral in tests in monkeys. To...

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Coqui Pharma to build facility in Alachua, FL

Posted by on Aug 20, 2014 in Newsroom | 0 comments

ALACHUA, FL - Coqui RadioPharmaceuticals announced Tuesday that it has selected the city of Alachua to build its $250 million medical radioisotope production facility, expected to employ 164 people at an average salary of nearly $75,000. The 100,000-square-foot facility will be built on 25 acres of land owned by the University of Florida Foundation south of Progress Park, between County Road 241 and San Felasco Hammock State Preserve. The facility will make nuclear radioisotopes used in medical diagnoses and treatments for diseases such as cancer, Alzheimer’s, renal disease and bone...

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Altor BioScience Awarded SBIR Phase II Grant by NCI

Posted by on Aug 20, 2014 in Newsroom | 0 comments

MIRAMAR, FL. - Altor BioScience Corporation (Altor), a leading developer of cancer immunotherapies, announced today that it has been awarded a Small Business Innovation Research (SBIR) Phase II grant by the National Cancer Institute (NCI) for the clinical development of ALT-803, a proprietary interleukin-15 (IL-15) superagonist protein complex, against non-muscle invasive bladder cancer (NMIBC). NCI ranks bladder cancer as the 6thmost common cancer in the U.S., and approximately 70 percent of patients with bladder cancer have NMIBC at diagnosis, making it one of the most prevalent cancers in...

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HealthQuest Capital Raises $110M for Debut Fund with Medtech Focus

Posted by on Aug 19, 2014 in Newsroom | 0 comments

HealthQuest Capital, founded last year by Sofinnova Ventures partner Garheng Kong, says it has raised $110 million for its debut fund and already has invested in several medical technology and patient care products. While HealthQuest is staying close to Sofinnova—sharing its Menlo Park, CA, office and back office resources—Kong says the firm has a different strategy. Where Sofinnova has raised nearly $1 billion for its two most recent funds to invest mainly in biopharmaceuticals, HealthQuest set out to raise just $50 million for its first fund to invest in medical devices, diagnostics,...

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Akron Biotechnology, LLC Named 2014 Florida Companies to Watch Winner

Posted by on Aug 19, 2014 in Newsroom | 0 comments

BOCA RATON, FL. - Akron Biotechnology, LLC (Akron Biotech) is proud to be selected as one of fifty leading second-stage companies selected from more than 500 nominations statewide, as this year’s Florida Companies to WatchSM winners. All 2014 winners will join an esteemed group of 150 Florida alumni honored over the past three years. “Florida Companies to Watch is honored to recognize another outstanding group of stage-two companies” Florida Companies to Watch is an awards program that celebrates privately held second-stage companies headquartered in the state. To be eligible,...

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