Showing posts with label Venture. Show all posts
Showing posts with label Venture. Show all posts

Saturday, 17 August 2013

Life sciences venture capital dips again

Life sciences venture capital dips again | 2013-08-03 | Indianapolis Business Journal | IBJ.com@import url("/css/shared/default.css");/* START: Codes for all IE6+ browsers */#menu {font-size: 12px;position: absolute;z-index: 99;top: 142px;left: 0px;height: 35px;margin: 0px;padding: 0px;display: block} #menu ul.level-1 {display: inline-block;margin: 0;padding: 0;list-style: none;zoom: 100%;height: 42px;background-repeat: no-repeat;}#menu ul.level-1 div.sub-menu {position: absolute;left: -9999px;display: none;white-space: nowrap;}.new {background-color:#000099;}#menu ul.level-1 .left div.sub-menu {position: absolute;right: auto;left: -9999px;display: none;}#menu ul.level-1 .right div.sub-menu {position: absolute;left: auto;right: -9999px;display: none;}#menu ul.level-1 li.level-1-li {float: left;display: block;position: relative;padding-top: 0;height: 42px;}#menu TABLE a {font-size:12px;} #menu ul.level-1 li.left {float: left;display: block;position: relative;padding-top: 0;margin: 0;}#menu ul.level-1 li.right {float: left;display: block;position: relative;padding-top: 0;margin: 0;} #menu ul.level-1 li.level-1-li a.level-1-a {color: #FFFFFF;font-weight: bold;float: left;display: block;height: 35px;line-height: 35px;text-decoration: none;padding: 0 15px 0 15px;text-align: center;background-image: url(/images/global/nav_bg.jpg);background-repeat: repeat-x;border-right: 1px solid #2a5290;}#menu ul.level-1 li.level-1-li.hover a.level-1-a,#menu ul.level-1 li.level-1-li.active a.level-1-a{color:#69AAf1;}#menu ul.level-1 li.left a.level-1-a {float: left;display: block;height: 35px;line-height: 35px;text-decoration: none;padding: 0 15px 0 15px;text-align: center;}#menu ul.level-1 li.right a.level-1-a {float: left;display: block;height: 35px;line-height: 35px;text-decoration: none;font-weight: bold;padding: 0 15px 0px 15px;border-right: 0px none;} #menu ul.level-1 li.first a.level-1-a {background-image: url(/images/global/nav_bg_left.jpg);background-repeat: no-repeat;}#menu ul.level-1 li.last a.level-1-a {background-image: url(/images/global/nav_right.jpg);background-repeat: no-repeat;background-position: top right;}#menu ul.level-2 li.first, #menu ul.level-2 li.last {background-image: none;} /* END: Codes for all IE6+ browsers */ /* START: This block of CSS is only used by post-IE6 browsers */ #menu ul.level-2 {display: inline-block;margin: 0;padding: 0;list-style: none; 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Print and Online Subscriptions Print & Online Subscriptions   IBJ eNews and eAlerts IBJ Daily & Other eNews Alerts   Print and Online Trial Subscriptions Trial Subscriptions   Subscription Renewal Subscription Renewals & Address Changes   Print and Online Subscriptions Subscription Services Q & A   IBJ.com   Life sciences venture capital dips again Venture capital surged in the first half of 2012, to $51.6 million in Indiana. But the pace of activity here fell off sharply in the second half of last year, and remained sluggish into 2013.

 

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Subscribe to IBJ Most Read Most E-mailed Recent Comments Snooty Fox restaurant closes after 29 years Weatherman Wright feels wronged, leaving WTHR, report says Meteorologist Buchman leaves WISH-TV, as expected FBI searches City-County Building, makes multiple arrests in Land Bank probe WTHR meteorologist leaving for position in Texas Most Read Most E-mailed Recent Comments Group eyes vacant Illinois Street building for charter school A2SO4 architectural firm reopens after temporary closure Anthem tries new 'narrow network' strategy Chrysler confirms state investment of $374 million IU, Marian set to launch wave of docs Most Read Most E-mailed Recent Comments Jake's creepy obsession with every word I type aside, Carter also makes some giant leaps of stereotype. "Disciple, are you basically saying no one is in control at IMS?" No. Mark Miles is the latest guy in charge. "Whenever something you seemingly do not like occurs, you always start blaming it on things like 'the same self interested fools that have been trying to kill the sport for thirty years.' Who is in control at IMS? I thought it was the George family." Uh, the George family OWNS the track (and ultimately the series). The day-to-day management falls to Mark Miles and his team. "Wasn't one of the whole ideas behind Tony Jr's move to control the sport was to actually control the sport? Amazing, they run the show and they still can't control it. What does that say?" It says Mark Miles is allowing himself to be unduly influenced by Euro-centric road racing enthusiasts without regard for history and the approaches that have failed multiple times. "Sorry, you can keep trying to pass the buck to 'cart' and 'champcar' owners. 17 years since the second split, 8 years of total control after the merger. The buck stops with IMS and the Georges. They allowed Junior to run it, they put Bernard in, they brought Miles as the Sports Marketing Savior. It's theirs." One hallmark of those who are militantly pro-cart and whose only frame of reference post-dates 1979 is knee-jerk defensiveness whenever anything that could even remotely be construed as a slam on two of the series that did, in actual fact, die is uttered anywhere. The issues with which we must deal today have little to do with cart. They have been dead and gone for a long time. My big problem is a giant imbalance in scheduling in favor of non-ovals. I want a true balance. I do not want another futile attempt to try and make a form of racing popular in this country that has never been accepted by the mainstream long term. As long as people like Dan Anderson are going to be allowed to purge ovals to please road racers, and owners hire formula specialists from abroad, and the venue imbalance continues being top heavy with twisties I will continue urging common sense and respect for history. It may not do any good, but someone needs to speak up. There are plenty of great choices to allow ten ovals, five natural terrain road courses and five festivals o' speed. 50/50. That makes IndyCar more unique and versatile than anything else, could be an inspired marketing theme and would attract a great cross section of casual fans. IMHO it is high time for IndyCar to quit screwing around and kowtowing to owners who have a proven history of failure where running a series is concerned. Chris was fine. He is professional and polite- but his presentation -especially during dangerous weather-was nothing special while Angie's broadcasts were engaging and very helpful. The best weather person in Indy is Chuck Loftus -love idea of flat Chuck! Welcome Angie to a great team. Thank you Chris time for something new also. Greg, your comments in regards to renters are absurd. Lumping all renters into the category of 'frat boys' is very ignorant. In addition, you do realize that people can rent houses in Broad Ripple. Why aren't you up in arms about people that decide to rent their house out? Greg, renters can and do have an interest in their communities. The younger generation (read: me) doesn't feel the need to buy a permanent location for the long-term, and we've seen what "property values" are good for. But that doesn't mean we want to live in a pit. Renters want nice furnishings, good parks, proximity to necessities, and safe neighborhoods just like homeowners do. To say that all renters are frat boys is extremely ownist of you. The ignorance on display in some of these posts is astounding! This project is absolutely justified. I would assume from the comments here that several of you rarely, if ever, actually make it to downtown and have very little clue about an urban environment. To "The Burbs": Please, stay there! Or, you might want to actually check out Georgia St. on any Friday night during the summer, whenever there is Pacers game or tournament in town... its hardly the forlorn place you make it out to be. To "Fuzzy": Nevermind..... The circle, even if not the largest public space in the city, is certainly the most high profile. In fact, Monument Circle was recently named one of the great public spaces of the entire country. Anyone who would dismiss the need for this investment is simply out of touch. 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Friday, 16 August 2013

Venture capitalist Neff replacing Evans as AIT chief

Indianapolis venture capitalist Matt Neff is the new chairman and CEO of AIT Laboratories, the once-thriving drug-testing lab founded by Michael Evans.

It’s the latest in a string of leadership changes for the firm. Evans stepped aside as CEO in early 2012 and was replaced by Ron Thieme, who had been vice president of information technology. But the move didn’t work out, and Evans returned to the top job that fall.

Now, Evans, 69, is stepping aside again, and Neff is becoming chairman, president and CEO, effective Aug. 5.

Neff, meanwhile, is stepping down as CEO and president of CHV Capital, the venture capital arm of Indiana University Health, a post he held for six years.

Neff and Evans were not immediately available for comment Friday afternoon.

IBJ reported in January that AIT was in turnaround mode after failing to respond quickly to deep cuts in Medicare reimbursement rates for basic drug tests.

AIT, founded in 1990 by Evans, then an IU School of Medicine professor, had caught fire about 10 years ago when it became the nation’s pioneer in urine drug tests to help doctors monitor patients taking narcotics for chronic pain.

The company landed on Inc. magazine’s list of 5,000 fastest-growing private companies five years in a row.

In 2009, Evans sold the company to employees for $90 million, with payments to him staggered over a number of years.

Evans used much of his windfall to pledge $48 million to Marian University’s new medical school.


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Sunday, 14 July 2013

Research Into Special Degradable Particles To Reduce Tooth Decay Wins Venture Prize Award - Could Bring Toothache Relief To Millions

Main Category: Dentistry
Article Date: 12 Jul 2013 - 2:00 PDT Current ratings for:
Research Into Special Degradable Particles To Reduce Tooth Decay Wins Venture Prize Award - Could Bring Toothache Relief To Millions
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Researchers have developed new degradable particles, about the same size as small holes in teeth, which are designed to enter these holes and physically block and repair decayed teeth.

These particles are special glasses and can be incorporated into toothpaste and will dissolve in the mouth releasing calcium and phosphate that form tooth mineral. This reduces tooth pain, cuts back on the incidences of tooth decay and repairs teeth.

This could bring relief to the estimated 20 million adults in UK (40 per cent of the UK adult population) who are prone to tooth sensitivity. Indeed, untreated tooth decay or cavities in permanent teeth is the most common of all 291 major diseases and injuries assessed in the latest Global Burden of Diseases study. It affects 35 per cent of the world's population.

The team behind this development, led by Professor Robert Hill from Queen Mary, University of London have won the £25,000 materials science Venture Prize, awarded by the Worshipful Company of Armourers and Brasiers.

"These new particles dissolve faster than existing ones and are also softer than tooth enamel," said Professor Hill. "They have a more expanded open structure and this allows water to go into the glass structure faster and the calcium and phosphate ions to come out faster. Also, while existing particles are significantly harder and abrade away the enamel during brushing, our new particles will be softer."

Tooth pain is associated with hot, cold or mechanical stimulation and is caused by fluid flow within small tubes located within the tooth. These tubes can become exposed as a result of the gums receding, hence the expression "long in the tooth" or through the loss of the outer enamel coating as a result of tooth decay, acid erosion or mechanical wear associated with tooth brushing. These new bioactive particles can also re-mineralise the holes via the release of calcium and phosphate ions.

"This is a hugely exciting development which could benefit millions of people not only throughout the UK and Europe but right across the world," said Professor Bill Bonfield, chairman of the Armourers & Brasiers Venture Prize judging panel. "It meets our aim to encourage innovative scientific entrepreneurship in the UK and provide funding, which is often difficult to source, to bring new materials science research like this to market."

In addition to Professor Hill, who is head of dental physical sciences at Barts and the London School of Medicine and Dentistry, Queen Mary. The team comprises: Dr David Gillam clinical lecturer and dentist, Dr Natalia Karpukhina an expert on bioactive glasses and Dr Pushkar Wadke from Queen Mary Innovations.

"This award will enable us to get our research from the laboratory into a prototype toothpaste, said Professor Hill. "The difficult step is getting money to enable the translation of research in the laboratory into commercial products. This is what the Venture Prize Award will enable us to do."

This development has come at an appropriate time. The latest Global Industry Analysts report outlined that the total world market for toothpaste is forecast to reach US$12.6 billion (£8.1billion) by the year 2015. This increase it outlines will be led by product innovations, rising population levels and greater awareness about oral hygiene.

Article adapted by Medical News Today from original press release. Click 'references' tab above for source.
Visit our dentistry section for the latest news on this subject.

Alongside Professor Bonfield on the judging panel were Cambridge based materials scientist Professor Sir Colin Humphreys, representatives from First Ventures which invests and advises high potential technology companies and Members of the Armourers & Brasiers Company.

The Armourers & Brasiers Company

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The Armourers & Brasiers Company. "Research Into Special Degradable Particles To Reduce Tooth Decay Wins Venture Prize Award - Could Bring Toothache Relief To Millions." Medical News Today. MediLexicon, Intl., 12 Jul. 2013. Web.
14 Jul. 2013. APA
The Armourers & Brasiers Company. (2013, July 12). "Research Into Special Degradable Particles To Reduce Tooth Decay Wins Venture Prize Award - Could Bring Toothache Relief To Millions." Medical News Today. Retrieved from
http://www.medicalnewstoday.com/releases/263250.php.

Please note: If no author information is provided, the source is cited instead.


'Research Into Special Degradable Particles To Reduce Tooth Decay Wins Venture Prize Award - Could Bring Toothache Relief To Millions'

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