In its third year of mentoring and investing in cybersecurity start-ups in Northern Virginia, state-funded start-up accelerator Mach37 is starting to show it can churn out self-sustaining businesses.
Venture capital has been on a good run over the past few years across a range of sectors; even with recent slowdown relative to 2014-2015, venture-backed investments remain above historic averages. In fact, the first three quarters of 2016 alone are already higher than the annual rate of venture investing in all but two years since 2002.
Quasi-public venture capital firm MassVentures reports that its SBIR Targeted Technologies (START) program has invested $12 million into 50 companies that need more time to commercialize high-risk, high-reward technologies — and those companies have leveraged that state investment to raise an additional $278 million in outside capital.
Becton, Dickinson and Co. (NYSE:BDX) presented their roadmap for the future on their recent analyst day briefing. The presentation laid out ambitious plans that management has set out for the company through to 2019, including targeting top line expansion and double-digit bottom line expansion to be driven by margin improvements. The management has also set out to increase dividends through to 2019, through roughly $11 billion in operating cash flow (OCF) generation.
QIAGEN and CosmosID, a leading genomic big data company, today announced the launch of a metagenomics analysis plugin for the QIAGEN Microbial Genomics Pro Suite and CLC Genomics Workbench. The launch of the Cosmos ID plugin expands QIAGEN’s industry leading platform for NGS bioinformatics and strengthens its role as a provider of Sample to Insight metagenomics solutions.
Seeking to deliver the “final nail in the coffin for HIV,” NIH scientists have kicked off a large clinical trial of a vaccine regimen this week in South Africa.
Under a collaboration that includes GlaxoSmithKline and Sanofi Pasteur, the National Institute of Allergy and Infectious Diseases started a phase 2b/3 trial of a new vaccine regimen in 5,400 sexually active men and women aged 18 to 35 who don’t have the infection. They’ll receive five injections over a year.
Scientific efforts to find cures for cancer will be severely hampered if the scientific community does not change the ways in which patient data is collected, shared, and analyzed. The development of targeted therapies and immunotherapies — the two biggest hopes for cancer cures — depend on the existence of large data sets comprising patients’ genetic and clinical information. Today, that data is fragmented and guarded in silos. Indeed, the well-kept secret in the cancer space is that progress in finding cures is being impeded as much by the lack of sharing by the players in the precision medicine ecosystem as it is by the stubbornness of the underlying science.
A $65 million building was dedicated Monday afternoon at the East Baltimore Development Inc. project that will include a business incubator, research space and a Starbucks job training site.
The University of Virginia Health System has named its first-ever Chief Innovation Officer, a position that’s expected to bridge the gap between research and treatment.
UVA is home to revolutionizing research and technology but newly-hired CIO Jeff Keller will facilitate in putting the research to use.
House and Senate leaders announced late Friday night that they had finally hammered out a deal on landmark legislation designed to speed federal approval of new drugs and devices and boost funding of medical research.
But what Republican lawmakers call the “final” version of the 21st Century Cures Act is actually still in negotiation with Senate Democrats, a senior Democratic aide told STAT on Sunday.