Bethesda-based Telcare Inc. has secured more than $25 million in equity funding.
Telcare, the developer of the first FDA-cleared wireless glucose monitoring system for people with diabetes, will use the funds for marketing, sales, research and development and ongoing operations.
Sequoia Capital led the round, which includes backing from existing investor, Qualcomm Inc., acting through itsQualcomm Life Fund.
Voting is currently open for the South by Southwest (SXSW) PanelPicker! SXSW has evolved to become one of the largest interactive media, technology and innovation conferences in the country. While panels span topics from ‘Art and Inspiration’ to ‘Science and Space Exploration’, the ‘Government or Citizen Engagement’ track has been receiving a lot of attention in recent years. Of the 3,123 proposals this year, 82 have been tagged as “Government or Citizen Engagement.”
Show your support for by voting for Entrepreneurs-in-Residence: Not Just for VCs! Venture capital firms have utilized the services of ‘Entrepreneurs-in-Residence’ (EIRs), seasoned innovators with functional expertise to help spur entrepreneurship and fill gaps in expertise. Now, imagine combining the “innovation mojo” of EIRs with some of the government’s brightest intrapreneurs to solve the nation’s most pressing challenges.
If you thought buying stock in mobile health (mHealth) companies was a good idea, it is. But if you decided to invest in the overall digital health sector – which includes mHealth, B2B apps and consumer services such as ZocDoc – you’d be brilliant. And, probably very rich.
Private financing by venture capitalists more than tripled in the first half of 2012, according to a study by financial services company Burrill & Company, as reported by Richard MacManus at ReadWriteWeb. This follows a June report from nonprofit foundation Rock Health that showed “skyrocketing” VC funding in the healthcare sector.
The Johns Hopkins Technology Transfer Office (JHTT) is the University’s intellectual property administration center, serving Johns Hopkins researchers and inventors as a licensing, patent, and technology commercialization office and acting as an active liaison to parties interested in leveraging JHU research or materials for academic or corporate endeavors. SNNLive spoke with Wesley Blakeslee, Executive Director of Johns Hopkins Technology Transfer Office at the BioMaryland booth at the BIO International Convention 2012 in Boston, MA.
Maryland’s economic development office has formed a partnership with a Paris region to team on disease research and translational medicine.
The letter of intent for the partnership was signed Wednesday at the Bio 2012 International Convention in Boston by Christian Johansson, secretary of the Maryland Department of Business and Economic Development, and Paris Medicen Del. Gen. Francois Chevillard. The Paris Medicen region is considered a life sciences hub in France’s capital city.
The Tech Council of Maryland (TCM), Maryland’s largest technology trade association with more than 400 biotechnology and technology members employing more than 200,000 in the region, announced that it has moved into a new headquarters at 9210 Corporate Blvd., Suite 470 in Rockville, a short distance from its previous offices on Key West Ave. All phone numbers and e-mail addresses for TCM staff remain the same.
“The move to Corporate Blvd. accomplishes several things for the association,” said Art Jacoby, TCM’s CEO. “The space offers us a far better layout, which enables improved internal teaming, communication and productivity. And, it’s ‘right-sized,’ so we’re achieving some operating expense savings, as well. The staff and I are very excited and see this move as a fresh start the plans we have to strengthen TCM in the future.”
Counter-intuitive as it may be, investing in areas that pharma is abandoning could yield great returns for investors. Just look at anti-bacterials in the ’90s and 2000s, says VC Bruce Booth in a Forbes column. So where should investors be looking today? Neuroscience, heart failure and obesity.
The shortage of cancer drugs that’s plagued hospitals for almost two years now has eased, although not completely, according to cancer doctors.
A recent study by Johns Hopkins researchers brings a reality check to the potential (and the limits) of genome sequencing in predicting disease.
The 12th Annual Maryland Incubator Company of the Year Awards, supported by the Maryland Department of Business and Economic Development (DBED), the Maryland Technology Development Corporation (TEDCO), McGladrey, Inc. and Saul Ewing, is coming up.
The ceremony will recognize the achievement and potential among 18 current and graduate companies within Maryland’s incubator network. Chris Brandenburg from Millennial Media, who received the 2008 information technology Incubator Company of the Year award, will be the keynote speaker. The event will also feature technology demonstrations by the finalist companies.
The incubator at University of Maryland, Baltimore County has gotten an influx of new tenants, the majority of whom are responding to the increased demand for cyber security.
bwtech@UMBC Research and Technology Park currently hosts 86 incubator and early-stage tenants and 14 affiliated companies and organizations, according to Gregory Simmons, the park’s vice president for institutional advancement.
Of the tenants, nearly 20 have joined the park in the past 18 months alone. They include Fearless Solutions, Rogue Technology, AIS (Assured Information Security) Inc., all of which are in the cyber security field. Simmons says that most of the new tenants are also in that field, often in the area of securing data and networks, in medical, defense and financial services, among others.
