Tau Therapeutics and Xdynia Merge to Form Cavion

Posted by on Aug 29, 2014 in Newsroom | 0 comments

CHARLOTTESVILLE, VA. - Tau Therapeutics LLC and Xdynia LLC announced today that they have merged; the surviving entity in the merger, Tau Therapeutics LLC, has been renamed Cavion LLC. The merger was approved by the managers and shareholders of both Tau Therapeutics and Xdynia. The name “Cavion” reflects the combined company’s therapeutic approach of selectively inhibiting the Cav3 ion channel (T-type calcium channel). “I am excited to continue Xdynia’s mission to improve the lives of patients with neuropathic pain as part of Cavion.” Both Tau Therapeutics and Xdynia have been...

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UF biotech startup develops painless insulin injection

Posted by on Aug 27, 2014 in Newsroom | 0 comments

GAINESVILLE, FL. – A UF biotechnology startup has launched a $1 million campaign to create a painless solution for insulin injections.  Prometheon Pharma has launched an Indiegogo campaign to begin the research and development of a biodegradable, needle-free insulin patch to improve the lives of millions living with Type 1 and Type 2 diabetes.  The biotech startup was formed in 2011 by former UF faculty member Stephen Hsu.  The patches will be almost transparent and vary in size depending on the insulin dose, said Hsu, the chief executive officer and founder of...

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NeoGenomics Closes $34.6M Public Offering

Posted by on Aug 25, 2014 in Newsroom | 0 comments

FT. MYERS, FL. –  NeoGenomics, Inc., a leading provider of cancer-focused genetic testing services, today announced that it has closed on the public offering of an additional 1.05 million shares of common stock at an offering price of $4.60 per share as a result of the exercise in full of the underwriters’ over-allotment option.   The total gross proceeds of the offering, including the exercise in full of the over-allotment option were approximately $37.0 million from the sale of a total of 8.05 million common shares. The net proceeds to the Company, after deducting the...

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Dignify Therapeutics Awarded SBIR Grant for Bladder and Bowel Therapy

Posted by on Aug 24, 2014 in Newsroom | 0 comments

RESEARCH TRIANGLE PARK, N.C. — Dignify Therapeutics LLC, a drug development company focused on restoring bladder and bowel control to people with spinal injury, spina bifida, and other neurological conditions, has been awarded a Phase 1 Small Business Innovation Research (SBIR) grant in the amount of $159,000 from the Eunice Kennedy Shriver National Institute of Child Health and Human Development of the National Institutes of Health (NIH). Dignify is developing novel pharmaceutical treatments for bladder and bowel dysfunction which will significantly improve the quality-of-life for...

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NC Biotechnology Center Will Invest $1 Million In Bio-Defense, Agriculture

Posted by on Aug 24, 2014 in Newsroom | 0 comments

RESEARCH TRIANGLE PARK, N.C. – The North Carolina Biotechnology Center is investing $1 million in its budget in bio-defense and agricultural projects. The funds come from the legislature’s budget adjustments for this fiscal year, which Governor Pat McCrory signed earlier this month. The nonprofit had asked for an extra $7.3 million this year, but incoming president and CEO Doug Edgeton says the money will still go a long way to help companies that are developing measures to fight bioterrorism and produce food for the defense industry. “How do you supply the largest employer...

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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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