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  • FINANCIAL NEWS: Shanghai Pharma forming healthcare fund

    Shanghai Pharmaceuticals Holding Co. Ltd. (HKSE:02607; Shanghai:601607) partnered with Shanghai Real Power Capital Co. Ltd. to form a fund that will invest in medical e-commerce, therapeutics, medical equipment and …

    Published on 8/31/2015
  • FINANCIAL NEWS: Biotech, broader markets post gains

    Biotech stock indices rose sharply Wednesday after several days of instability. The BioCentury 100 surged 294.40 (4%) to 6,885.18, with gainers outnumbering decliners 96-4. The index remains 16% below its July 20 peak …

    Published on 8/26/2015
  • FINANCIAL NEWS: Merus raising EUR 72.8M series C

    Merus B.V. (Utrecht, the Netherlands), which develops bispecific antibodies for cancer, raised an undisclosed amount of money in the first tranche of a EUR 72.8 million ($83.6 million) series C round led by new …

    Published on 8/26/2015
  • FINANCIAL NEWS: IPO roundup: Mirna, RainDance

    Cancer company Mirna Therapeutics Inc. (Austin, Texas) filed to go public, while genetic research tool play RainDance Technologies Inc. (Billerica, Mass.) pulled its IPO.Mirna proposed to raise up to $80.5 million in an…

    Published on 8/25/2015
  • FINANCIAL NEWS: Hatteras raises $90M toward Fund V

    Hatteras Venture Partners raised $90 million in the first close of Hatteras Venture Partners V, which has a target of $150 million. Hatteras will invest the fund in early stage life sciences companies in the …

    Published on 8/24/2015
  • FINANCIAL NEWS: Syndax raises $80M in series C

    Syndax Pharmaceuticals Inc. (Waltham, Mass.) raised $80 million in a series C round led by Fidelity and Delos Capital. EcoR1 Capital, OrbiMed, Jennison Associates, Tavistock Life Sciences, Arrowpoint Partners, Cormorant…

    Published on 8/24/2015
  • FINANCIAL NEWS: Versant launches New York incubator

    Versant Ventures launched Highline Therapeutics (New York, N.Y.), a biotech incubator that will seek to launch companies based on academic discoveries in the Northeast U.S. Highline will be managed by Carlo Rizzuto, …

    Published on 8/24/2015
  • FINANCIAL NEWS: Biotech stocks sink amid broad selloff

    Biotech indices slumped amid a larger selloff Friday. The BioCentury 100 fell 139.52 (2%) to 6857.84, with decliners outnumbering gainers 63 to 35. The NASDAQ Biotechnology Index shed 110.94 (3%) to 3,563.26, the …

    Published on 8/21/2015
  • FINANCIAL NEWS: Intrexon raises $200M in follow-on

    Intrexon Corp. (NYSE:XON) raised $200 million through the sale of 4.9 million shares at $41 in a follow-on underwritten by JMP Securities; Stifel; Griffin Securities; and Wunderlich. Intrexon proposed the offering …

    Published on 8/21/2015
  • FINANCIAL NEWS: Aisling targeting $400M for Fund IV

    Aisling Capital expects to close a new venture fund by year end with a target of $400 million and a hard cap of $500 million, according to a document posted online by the Pennsylvania Public School Employees' Retirement…

    Published on 8/20/2015
  • FINANCIAL NEWS: Healthcare data analytics play Zephyr raises $17.5M

    Zephyr Health Inc. raised $17.5 million in a series C round led by new investor Google Ventures. Existing investors Kleiner Perkins Caufield & Byers and Icon Ventures (formerly Jafco Ventures) also participated. Zephyr …

    Published on 8/19/2015
  • FINANCIAL NEWS: Orbus raises $32.5M series A

    Orbus Therapeutics Inc. (Palo Alto, Calif.) raised $32.5 million in a series A round led by Longitude Capital, H.I.G. BioVentures and Adams Street Partners. Newly appointed Chairman Ernest Mario also participated. CEO …

    Published on 8/19/2015
  • FINANCIAL NEWS: Telesta raises $28.6M in private placement

    Telesta Therapeutics Inc. (TSX:TST; Pink:BNHLF) raised $28.6 million through the sale of 109 million shares at C$0.34 ($0.26) in a private placement led by Consonance Capital Investors; Boxer Capital of Tavistock Life …

    Published on 8/19/2015
  • FINANCIAL NEWS: Burning Rock raises $23.5M

    Bioinformatics company Burning Rock Biotech (Guangzhou, China) said it raised RMB150 million ($23.5 million) in a round of financing from Sequoia Capital, Legend Star, and JiFeng Capital. Burning Rock described the …

    Published on 8/18/2015
  • FINANCIAL NEWS: Celsus, Volution raising $75 million

    Celsus Therapeutics plc (NASDAQ:CLTX) said that after it reverse-merges with Volution Immuno Pharmaceuticals S.A. (Geneva, Switzerland) it will raise $75 million in a private placement led by Deerfield. Venrock, Vivo …

    Published on 8/18/2015
  • FINANCIAL NEWS: Illumina, Warburg Pincus, Sutter Hill form Helix

    Consumer genomics company Helix Opco LLC debuted on Tuesday with more than $100 million in funding. The company was formed by Illumina Inc. (NASDAQ:ILMN), Warburg Pincus and Sutter Hill Ventures.Helix plans to provide …

    Published on 8/18/2015
  • FINANCIAL NEWS: Wave raises $66M in series B round

    Wave Life Sciences Pte. Ltd. (Boston, Mass.) raised $66 million in a series B round led by new investor Foresite Capital. New investors Fidelity; New Leaf Venture Partners; Redmile Group; Jennison Associates; Cormorant …

    Published on 8/18/2015
  • FINANCIAL NEWS: Ascentage Pharma raises $15.5M in series A

    Ascentage Pharma Group Corp. Ltd. (Hong Kong, China) raised $15.5 million in a series A round led by Oriza Seed Capital and YuanMing Capital. EFung Capital; BioVenture Capital; Grains Valley Venture Capital; and …

    Published on 8/13/2015
  • FINANCIAL NEWS: Inotek raises $68.9M in follow-on

    Inotek Pharmaceuticals Corp. (NASDAQ:ITEK) raised $68.9 million through the sale of 5.4 million shares at $12.75 in a follow-on underwritten by Cowen; Piper Jaffray; and Nomura. The company filed to raise up to $57.5 …

    Published on 8/13/2015
  • FINANCIAL NEWS: Rhythm Metabolic raises $40M in series A

    The Rhythm Metabolic Inc. subsidiary of Rhythm Holding Co. LLC (Boston, Mass.) raised $40 million in a series A round led by new investor OrbiMed. New investors Deerfield Management; Wellington Management; and an …

    Published on 8/13/2015
  • FINANCIAL NEWS: Capital One buys GE's healthcare lending business for $9B

    Capital One Financial Corp. (NYSE:COF) will pay $9 billion to acquire the Healthcare Financial Services unit of General Electric Capital Corp. The price is equal to the unit's $8.5 billion in healthcare-related loans …

    Published on 8/12/2015
  • FINANCIAL NEWS: Checkmate debuts with $20M, Cytos deal

    Checkmate Pharmaceuticals Inc. (Cambridge, Mass.) raised $20 million in a series A round from Sofinnova Ventures and venBio. Checkmate also obtained an exclusive, worldwide license from Cytos Biotechnology AG (SIX:CYTN)…

    Published on 8/12/2015
  • FINANCIAL NEWS: Financial tracks

    Scott Braunstein joined Aisling Capital as an operating partner. Braunstein will continue in his current position as SVP of strategy and corporate development at Pacira Pharmaceuticals Inc. (NASDAQ:PCRX).

    Published on 8/12/2015
  • FINANCIAL NEWS: Ovid raises $75M in series B round

    Neurology play Ovid Therapeutics Inc. (New York, N.Y.) raised $75 million in a series B round led by new investor Fidelity. New investors Cowen; Sanofi-Genzyme BioVentures; Tekla Capital Management; Sphera Global …

    Published on 8/11/2015
  • FINANCIAL NEWS: PTC raises $125M in note deal

    PTC Therapeutics Inc. (NASDAQ:PTCT) raised $125 million through the sale of convertible senior unsecured notes. The notes bear 3% interest, mature on Aug. 15, 2022, and convert initially at $56.34 per share. The company…

    Published on 8/11/2015

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