MedImmune, Roche and Genechem previously backed Ambit Biosciences, which is nearly to closing latest round.
Month: October 2010
Pfizer takes 40% of Teuto
US-listed drugs company Pfizer has agreed to acquire a 40% stake in Brazil-based generic drugmaker Laboratório Teuto Brasileiroa head of potential full acquisition from 2014. Pfizer will make an upfront payment of R$400m ($240m) and Teuto will be eligible to receive a performance-based milestone payment. Pfizer has an option to acquire the remaining 60% of… Continue reading Pfizer takes 40% of Teuto
MarkMonitor acquires DtecNet Software
MarkMonitor, a US-based brand protection company backed by commodities group Cargill’s corporate venturing unit, snaps up peer DtecNet.
SinoTech powers on for Nasdaq listing
SinoTech Energy will float 19.7 million American depositary shares (ADS), each representing two ordinary shares worth a maximum $4.75 each
REvolution in place for latest round
Regulatory filing reveals latest funding round for Revolution Analytics, a US-based provider of software and support for the open-source R statistics language previously backed by Intel Capital.
SiOnyx finds Coherent way to close round
Laser maker Coherent joins series B round for SiOnyx, a US-based developer of solar power semiconductors.
Solvay cornerstones Korea fund
Belgium-based chemicals group Solvay has provided half the money for a venture capital fund being raised to back nascent advanced materials companies. Solvay has provided €13m ($17.9m) for the Korea Advanced Materials Fund. The rest of the money is being committed by Korea Venture Investment Corp (KVIC), a government-backed fund of funds with $1.5bn of assets under… Continue reading Solvay cornerstones Korea fund
Hanwha Chemical catalyses 1366 Tech investment
Hanwha Chemical, which recently acquired China-based manufacturer SolarFun, said it will be a customer and investor in 1366.
Venture backers give up shares in Advasense
Israel-based news provider Calcalist said the investors “transferred all of their holdings in the company [Advasense] to three employees, for no compensation”.
Corus Entertainment ‘looks’ to start venturing
Canada-based news provider Financial Post said Corus Entertainment was “looking for a new executive to run an internal fund that will direct invest in digital media companies”.
Cisco serves up cash for Oversi
Cisco, Smac and BlueRun part of consortium for Oversi, an Israel-based provider of communication network efficiency services.
Docomo calls in on Evernote
NTT Docomo’s corporate venturing unit backs Evernote’s $20m series C round.
Siluria presides over $13m A round
Presidio Ventures, the corporate venturing unit of Japan-based trading and operating firm Sumitomo, joins first round of US-based gas conversion company Siluria Technologies.
AT&T sets up innovation centre
US phone operator AT&T sets up first of three innovation centres in California.