Vestagen raises $7 mln, appoints new CEO

Posted by on Feb 9, 2016 in Newsroom | 0 comments

ORLANDO, FL. – Vestagen Technical Textiles, Inc., a medical technology company developing and marketing high performance apparel for healthcare and other demanding applications, today announced it has named Bill Bold Chief Executive Officer. He replaces Dale Pfost, PhD, who was serving as interim CEO and remains Chairman. Mr. Bold is also joining Vestagen’s Board of Directors. The company also reported that it has completed a $7.0 million financing, which was a planned extension of its previous financing. Advent Life Sciences and HealthQuest Capital led the financing, and other...

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New Capital for Venture Capital

Posted by on Feb 5, 2016 in Newsroom | 0 comments

CHARLOTTESVILLE, VA. – The University of Virginia’s hometown has long been a hub of innovation, but in the last five years Charlottesville has exploded with entrepreneurial growth. The National Venture Capital Association recently ranked Charlottesville as the fastest-growing venture capital ecosystem in the United States. Between 2010 and 2015, venture funding in Charlottesville jumped from $250,000 to $27.7 million invested in local companies, the organization said. UVA is a driving force behind this rapid growth. Nine leading companies in Charlottesville were the primary recipients...

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NC Biotechnology Center awards $1.6M in grants, loans

Posted by on Feb 5, 2016 in Newsroom | 0 comments

RESEARCH TRIANGLE PARK, N.C. – The North Carolina Biotechnology Center awarded more than $1.63 million in 18 loans and grants to propel the life science sector statewide during the quarter ended December 31, 2015. The total included nearly $600,000 awarded in the inaugural round of the Biotechnology Innovation Grant (BIG) program. BIG funding provides up to $100,000 to advance early-stage life science inventions at North Carolina research institutions that have significant commercial potential. The program is designed to help clarify whether an invention warrants a “go” or...

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Fred Eshelman to receive CED’s Life Science Leadership Award

Posted by on Jan 27, 2016 in Newsroom | 0 comments

DURHAM, N.C. – Veteran entrepreneur, philanthropist and investor Fred Eshelman will receive the Life Science Leadership Award at the 25th annual CED Life Science Conference in March. The founder of PPD in Wilmington as well as he fouding chairman of Furiex Pharmaceuticals, a PPD spinout, Eshelman also has donated millions of dollars to UNC-Chapel Hill and now is an investor in life science companies. “Fred Eshelman’s leadership in our life science community offers great inspiration to emerging innovators, especially as he continues his commitment to invest back into the...

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Georgia Bio Announces Innovation Award Winners

Posted by on Jan 26, 2016 in Newsroom | 0 comments

ATLANTA, GA. – Georgia Bio today announced recipients for the Innovation Award. The Innovation Award will be presented to NFANT Labs, LLC for their nfant® Feeding Solution product; Abeome Corporation for the Abeomouse; and Dr. Mark R. Prausnitz of the Georgia Institute of Technology. The Georgia Innovation Award honors the department, institution, company or individuals who are forging new ground by thinking outside traditional paradigms to create some unique technology. The recipients will receive their awards at the Georgia Bio Annual Awards Dinner January 28, 6 pm to 9 pm, at...

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Heat Biologics Seeks More Cash for Bladder Cancer Immunotherapy Push

Posted by on Jan 25, 2016 in Newsroom | 0 comments

DURHAM, N.C. – Cancer drug developer Heat Biologics is looking to raise $12.5 million through a stock offering as the company continues mid-stage clinical trials for its bladder cancer immunotherapy. Durham, NC-based Heat (NASDAQ: HTBX) disclosed the plans in a securities filing, but the company did not say how many shares it will sell, nor did it set a price or a date for the offering. The plans come less than a year after completing a $12.2 million stock offering. Cancer immunotherapy involves prompting the body’s immune system to recognize and fight cancer cells. Heat aims to...

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