Merck Scooping Up Cancer Drug Developer Immune Design for $300M

Four months after Immune Design halted a late-stage study for its lead cancer vaccine and saw its stock price cut nearly in half, the immunotherapy | Continue reading


@xconomy.com | 16 hours ago

Software Startup Portfolium Acquired by Salt Lake City’s Instructure

The software of Portfolium, a San Diego startup that hosts online portfolios for students trying to showcase their achievements to potential employers, is | Continue reading


@xconomy.com | 1 day ago

Self-Driving Cars in Boston Blinded by Solar Glare at Traffic Lights

Solar glare is making it tough for some self-driving cars being tested in Boston to read whether traffic lights are red, yellow, or green. MIT spinout | Continue reading


@xconomy.com | 1 day ago

Starboard Ups Bristol-Myers Stake Ahead of Vote on Celgene Deal

Activist hedge fund Starboard Value has boosted its stake in Bristol-Myers Squibb and nominated five candidates to serve on the pharmaceutical giant’s | Continue reading


@xconomy.com | 1 day ago

Peloton Therapeutics Raises $150M to Advance Kidney Cancer Therapy

Dallas---Peloton Therapeutics, which is developing small molecule drugs to treat cancer, announced Wednesday that it has raised $150 million in a Series E | Continue reading


@xconomy.com | 1 day ago

Menlo Ventures Devotes New $500M Fund to Mid-Stage Growth Companies

Menlo Ventures, like many other Silicon Valley venture capital firms, has at times looked for big returns from spotting early-stage companies with great | Continue reading


@xconomy.com | 1 day ago

Detroit Urban Solutions Seeks to Amplify the Regional Tech Ecosystem

TechTown Detroit, Wayne State University, and NextEnergy have formed a new consortium to advance the Motor City’s tech ecosystem and apply new innovations | Continue reading


@xconomy.com | 1 day ago

GenCure Plans Adult Stem Cell Lab at San Antonio “Innovation Center”

San Antonio---GenCure, a subsidiary of life sciences nonprofit BioBridge Global, expects to open a biomanufacturing laboratory this year at a new | Continue reading


@xconomy.com | 2 days ago

Amazon Leads Rivian’s $700M Round, Hinting at Possible Auto Ambitions

Rivian, a Plymouth, MI-based company getting set to launch sales of its brawny, high-end electric vehicles, will be able to give those efforts a boost | Continue reading


@xconomy.com | 2 days ago

Cloud Tech Firm Nasuni Takes in $25M in Telstra-Led Funding Round

It wasn't the monthly bank statement that made Nasuni, a Boston-based cloud storage technology startup, run out and raise $25 million in venture funding. | Continue reading


@xconomy.com | 2 days ago

Digital Guardian Taps CA Technologies Cyber Exec as Its New CEO

Digital Guardian, a cybersecurity business focused on data loss prevention, has tapped a CA Technologies executive to lead the Waltham, MA-based company | Continue reading


@xconomy.com | 2 days ago

Rapid7, Raytheon, Recorded Future Join Cyber Madness in Boston on April 8

It takes a healthy imagination to pinpoint all the cybersecurity risks baked into today’s Internet-connected, cloud-managed, Web-hungry world---let alone | Continue reading


@xconomy.com | 2 days ago

With New Data, Intercept On Track for First-Ever Approved NASH Drug

The first-ever marketed medicine for the fatty liver disease known as nonalcoholic steatohepatitis, or NASH, could be on the horizon. The data, from a | Continue reading


@xconomy.com | 2 days ago

Funds for Richard’s Rainwater, New CPRIT Executive, & More TX Tech

---Pinpoint, an Austin startup that makes analytics tool to measure software engineering’s contribution to businesses, has raised $13.5 million in a | Continue reading


@xconomy.com | 6 days ago

Bayer Snaps Up Rights to Two Cancer Drugs from Lilly’s $8B Loxo Deal

Bayer has just reclaimed some rights to two drugs from Loxo Oncology, which means it’s going to take more work for Loxo’s buyer, Eli Lilly, to justify the | Continue reading


@xconomy.com | 6 days ago

Bill Maris Fund Section 32 Notches Two Wins with Life Science Exits

Section 32, a venture capital firm headquartered near San Diego that launched in 2017 with a $151 million fund, has had a big month. The firm, based in | Continue reading


@xconomy.com | 6 days ago

Google Confirms New Madison Office, Part of $13B National Expansion

Google confirmed this week that it will expand its satellite office in Madison, WI, as part of a $13 billion investment in data centers and offices | Continue reading


@xconomy.com | 6 days ago

Boston Tech Watch: Student Loans, Google in Kendall Square & More

General Electric may have backed off its plans for Boston, but at least it's not leaving town. A student loan startup in Boston eyes help from Capitol | Continue reading


@xconomy.com | 6 days ago

Bio Roundup: Trump’s Scalps, Policy Pressure, NASH Crash & More

While politicians continue to debate what kind of healthcare system is best for the American people, the mostly U.S.-based pharmaceutical industry is | Continue reading


@xconomy.com | 6 days ago

Why Did Amazon Buy Eero? Wi-Fi Users Covet Simplicity, Security

Being able to call on Alexa, the voice of Amazon’s Echo virtual assistants, to play a song or read a weather forecast requires a working Internet | Continue reading


@xconomy.com | 9 days ago

Losing “Scalps”? Despite Pharma Fear, A Split on Trump Rx-Price Plans

Despite angry presidential tweets and other anti-pharma rhetoric, the drug industry has benefited under the Trump administration, thanks in part to a | Continue reading


@xconomy.com | 9 days ago

May Mobility Snags $22M Investment, Will Expand to New Cities in ’19

May Mobility, an Ann Arbor, MI-based startup developing self-driving shuttles, today announced that it has raised a $22 million Series A funding round. | Continue reading


@xconomy.com | 9 days ago

Neurogene Emerges with $68M to Advance Gene Therapies to the Clinic

Neurogene is breaking into gene therapy with $68.5 million in new funding to support research on experimental treatments for rare, genetic brain | Continue reading


@xconomy.com | 9 days ago

Providence St. Joseph Acquires Seattle Blockchain Startup Lumedic

Providence St. Joseph Health said Monday it has acquired Lumedic, a startup developing blockchain-based software aimed at improving how healthcare | Continue reading


@xconomy.com | 10 days ago

Endeavor Robotics Goes for $385M in Deal with Oregon’s FLIR Systems

Military robot-maker Endeavor Robotics is being bought by FLIR Systems for $385 million in an all-cash deal designed to bolster the Oregon-based company's | Continue reading


@xconomy.com | 10 days ago

Meeting Low Expectations, Gilead’s Top NASH Drug Fails 1st Major Test

Gilead Sciences (NASDAQ: ]) said after market close Monday that its most advanced candidate to treat the fatty liver disease known as NASH failed the | Continue reading


@xconomy.com | 10 days ago

Houston Health IT Firm Decisio Forms Partnership with GE Healthcare

Houston---Houston medtech startup Decisio Health is partnering with GE Healthcare to accelerate a broader deployment of its critical care dashboard. | Continue reading


@xconomy.com | 10 days ago

San Antonio Life Science Business Acelity Cuts 260 Jobs in Texas, NC

San Antonio---Acelity, a decades-old San Antonio life sciences company known for its wound-healing technologies and tissue-repair products, plans to lay | Continue reading


@xconomy.com | 10 days ago

AbbVie Joins Myeloma Race with $90M Deal for Rights to Teneobio Drug

AbbVie is paying $90 million up front for rights to a multiple myeloma drug from Teneobio that’s now being prepared for tests in humans. The Teneobio | Continue reading


@xconomy.com | 10 days ago

Qualcomm Sells Medical Device Connectivity Business to PE Firm

Francisco Partners, a San Francisco-based private equity firm, said Monday it has acquired Qualcomm Life, a subsidiary of the San Diego chipmaker that | Continue reading


@xconomy.com | 10 days ago

Roundup: Riser Leaving TechTown, STEM Summit, U-M AV News, and More

Let’s catch up on Michigan’s latest innovation news: ---Earlier this month, U.S. Rep. Debbie Dingell (D-MI 12) announced that the University of Michigan | Continue reading


@xconomy.com | 10 days ago

Emergency Services Cloud Software Maker RapidDeploy Nets $12M

Austin---Public safety software developer RapidDeploy has raised $12 million in a Series A funding round. Investors include GreatPoint Ventures and | Continue reading


@xconomy.com | 10 days ago

GV Taps Ex-Agios CEO Schenkein to Lead Life Science Investments

It hasn’t taken former Agios Pharmaceuticals CEO David Schenkein very long to find a new gig. Schenkein---the Genentech veteran who helped steer Agios | Continue reading


@xconomy.com | 10 days ago

Matching Amgen, Regeneron to Cut List Price of Heart Drug by 60%

Regeneron Pharmaceuticals and partner Sanofi are cutting the list price of their heart drug alirocumab (Praluent) by 60 percent, the latest | Continue reading


@xconomy.com | 10 days ago

Stably Tacks on $1.2M to Reduce Volatility in Digital Currencies

Stably, a Seattle-based startup developing a service it claims can reduce investors' exposure to volatility in Bitcoin and other digital currencies' | Continue reading


@xconomy.com | 13 days ago

DataRobot Predicts the Grammy Awards’ Song of the Year Is…

With everyone worrying that a robot or artificial intelligence model will take their jobs someday, why shouldn’t The Recording Academy fear its annual | Continue reading


@xconomy.com | 13 days ago

French Auto Supplier Valeo Moves Toward Mobility with New Innovations

Although the timeline for getting fully driverless cars on the road is in flux, the mobility industry is moving along at a rapid clip. Yet another huge | Continue reading


@xconomy.com | 13 days ago

Bio Roundup: New CRISPR Feud, A NY Splash, Pharma vs. Congress & More

If you’re into congressional spectacles, stay tuned later this month. A group of top biopharma executives---the full roster isn’t known yet---will testify | Continue reading


@xconomy.com | 13 days ago

Boston Tech Watch: Boston Dynamics, WeWork, Optimus Ride & Hydrow

Here’s a roundup of the week’s Boston technology news, featuring robots, trade war accounting, self-driving cars, acquisitions, co-working deals, and | Continue reading


@xconomy.com | 13 days ago

Genomenon Raises $2.5M, Plans to Increase Work with Pharma Customers

Genomenon, the Ann Arbor, MI-based genomics search engine startup, has raised $2.5 million in what the company calls a “seed extension” round. The equity | Continue reading


@xconomy.com | 13 days ago

WI Watchlist: Epic Systems, M-WERC, Nordic, Dianomi Therapeutics

It's time to catch up on some recent headlines from Wisconsin's innovation community: ---Dianomi Therapeutics, a Madison-based life sciences startup, said | Continue reading


@xconomy.com | 14 days ago

Gossamer Bio Adds $276M in Second Biotech “Unicorn” IPO of 2019

Gossamer Bio, the San Diego-based biotech founded by former Receptos executives, has raised $276 million in its initial public offering, a total that puts | Continue reading


@xconomy.com | 14 days ago

Carbonite Buys Webroot for $618M to Offer Security with a Safety Net

Data backup and storage company Carbonite has bought endpoint cybersecurity provider Webroot in a $618 million deal designed to stitch both together into | Continue reading


@xconomy.com | 14 days ago

Harpoon’s IPO Spears $76M as Prostate Cancer Drug Continues Testing

Cancer immunotherapy developer Harpoon Therapeutics is the latest biotech to enter the public markets, raising approximately $76 million in an initial | Continue reading


@xconomy.com | 14 days ago

Boeing Is Aerion’s Latest Partner in Supersonic Passenger Jet Effort

Seattle may no longer be home to the NBA’s Supersonics, but one of the city’s anchor businesses, Boeing, announced this week it expects to play a key role | Continue reading


@xconomy.com | 14 days ago

In Landmark Gene-Editing Study, Sangamo Reports Little Benefit

The first U.S. trial of a gene-editing medicine in humans isn't going well. Sangamo Therapeutics (NASDAQ: ]) reported Phase 1 results this morning for its | Continue reading


@xconomy.com | 14 days ago

Hypergiant in Space, Celltex & Saudi, Siete Foods’ $90M, & More TX Tech

Let’s catch up on the latest innovation news in Texas. ---Aeglea Biotherapeutics, an Austin biotech, raised $60 million in a secondary public stock | Continue reading


@xconomy.com | 14 days ago

Inventa BioTech, Formerly CytoBioScience, Replaces CEO

San Antonio---The CEO of Inventa BioTech, a life sciences business formerly known as CytoBioScience, is stepping down and being replaced by an interim | Continue reading


@xconomy.com | 14 days ago