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23 October 2017

News round up 23 October 2017

A round up of all the latest news on www.globaluniversityventuring.com for our subscribers.

Author: Thierry Heles, editor

Illinois universities team up

Researchers at University of Chicago and University of Illinois at Urbana-Champaign will join forces at the Polsky Centre for Entrepreneurship and Innovation.

Eli Lilly injects $53m into CureVac

The equity investment is part of a cancer vaccine development deal between Tübingen spinout CureVac and Eli Lilly that could eventually reach more than $1.7bn in size. 

Aventamed tunes up $2.1m investment

The cash will allow Aventamed to seek regulatory approvals to sell its Solo earplant device in the US, having already launched in European markets.

Blade cuts to final tranche of $45m round

The Johns Hopkins spinout has passed a clinical milestone to trigger the final part of a series B round backed by Osage University Partners.

Forty Seven sums up $75m series B

Stanford spinout Forty Seven is working on an immuno-oncology treatment to fight the overproduction of proteins which inhibit the immune response to cancer.

Prenetics passes series B test with $40m

The genetic testing service, spun out from City University of Hong Kong, took its total funding to approximately $53m with a round co-led by Alibaba and Beyond Ventures.

Touchstone acquisition becomes unconditional

Commercialisation firm IP Group has firm acceptances for around 97% of Touchstone’s share capital and will compulsorily purchase the rest.

Mission Bio’s series A readout hits $10m

USCF spinout Mission Bio is piloting its genomics-based platform to assess acute myeloid leukaemia.

Duke casts Talented investment

Occupational learning app developer Talented has secured an undisclosed sum from a Duke University-backed incubator, the Startup Lab at the Centre for Advanced Hindsight.

PCI unveils better deal for inventors

University of Pennsylvania inventors will now be paid their cut of licensing fees faster while also benefiting from a reduced initial deduction.

UK proposes knowledge excellence framework

Universities could lose access to grants under government plans for a knowledge sharing benchmark to help close the UK’s commercialisation gap on the US.

Trio triangulates $6.6m for collaboration

The universities of Manchester, Leeds and Sheffield have received government funding to improve the commercialisation ecosystem in northern England.

UK watchdog clears Touchstone-IP Group merger

The Competition & Markets Authority decision has allowed IP Group to confirm that its offer will become unconditional on November 9.

LimeBike rides $50m series B

LimeBike, an app-controlled bike sharing platform, has secured funding from StartX to help it expand to 30 US markets by the end of 2017.

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