Deals – Page 1577

Nestle digests Prometheus Labs

Nestlé Health Science, a subsidiary of Switzerland-based chocolate company Nestlé launched at the start of the year, will buy specialty pharmaceutical and diagnostic company Prometheus Laboratories for an undisclosed amount. Luis Cantarell, executive president of Nestlé Health Science, said: "This is a strategic move into gastrointestinal diagnostics. Prometheus’s leading edge diagnostics technology and outstanding sales force… Continue reading Nestle digests Prometheus Labs

Symantec snaps up Clearwell

Clearwell has raised $33m from Northgate Capital, which is majority funded by India-based industrial conglomerate Religare Enterprises, and venture capital firms DAG Ventures (formerly known as Duff Ackerman & Goodrich), Redpoint Ventures and Sequoia Capital.

Cameron Health beats with $107m

BoSci invested $30m in 2004 with an option to acquire the company and the company had in total raised about $180m before this latest round, according to news provider In Vivo

GreenRoad ploughs Virgin furrow

Shai Weiss, partner at Virgin Green Fund, said the fund was the largest single shareholder in GreenRoad.

PrimeTel reaches Intel

PrimeTel examines exit options.

9flats.com starts eVenture

German internet entrepreneur Stephan Uhrenbacher, the founder of the local review site Qype and the former head of northern European operations for the travel booking site Lastminute.com, launched 9flats in February.

Shire treats ulcer with deal

The $750m purchase price for Advanced BioHealing gives a 13 times return for Safeguard, which invested $26m.

Orphazyme snaps up CytRx assets

In February, Orphazyme Aps raised DKr22m ($4m) in a seed stage round from a consortium including local investor, Novo.

3M packs two more deals

3M New Ventures has invested in GoNano Technologies, a developer and manufacturer of nanomaterials for pollution control and sensory technologies, and Ecovative Design, which uses mushrooms for packaging.

Benu Networks connects with two

News provider Light Reading Cable said Comcast Interactive Capital and Motorola Mobility Ventures were the two strategic investors, alongside venture capital firm Spark Capital Partners.

Tepha starts C round with $5m

The company said its investors in its series A and B rounds, which raised $15m in total, including from Switzerland-based drugs company Novartis’ corporate venturing fund, and venture capital firms Vertical Group, Integra Ventures and Westfield Life Sciences Fund.

Category: Deals