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Should Startups Announce Their Funding?

Both Sides of the Table

Understanding “The Funding Angle” I sit at enough board meetings to hear conflicting advice given to entrepreneurs about how to handle PR and announcements at startups. Is Funding a Worthy Announcement? There are reasons you may delay funding announcement but rarely reasons not to announce. But trust me on this.

Startup 355
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Celgene-Seeded PharmAkea Sells Last Fibrotic Drug Candidate to Galecto

Xconomy

When a group of scientists from Amira Pharmaceuticals wanted to start a new biotech after the company’s 2011 acquisition by Bristol-Myers Squibb , Celgene provided seed funding. Eventually Celgene kicked in $35 million more for a research collaboration, an equity stake, and an exclusive option to acquire the startup, PharmAkea Therapeutics.

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Can AI Tools, $76M Lead BlackThorn to Targeted Pysch Drugs?

Xconomy

The new Series B round will give San Francisco-based BlackThorn—a startup spun out of the Scripps Research Institute in 2013—the backing to run human tests of two experimental treatments. One, headed for Phase 2 testing by next year, is being developed for mood or anxiety disorders.

Tool 78
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How to Kick Start Your Community’s Startup Scene

Both Sides of the Table

The basic components are obvious: talented founders, great engineers, angel money, venture capital, access to larger corporates (for business, funding & talent), great education / research (for IP breakthroughs) and a sufficient ecosystem of mentors, advisors, executive coaches and mavens. CincyTech today has $28.5

Startup 390
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BlackThorn Emerges With $40M, New Weapons Against Neuro Disorders

Xconomy

As Xconomy reported last year, South San Francisco, CA-based BlackThorn was spun out of Scripps Research Institute , which on its website lists the company as one of its 2013 spinouts. It’s emerging from clinical research.”.

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After “Hubris” and Its HCV Collapse, Can Vertex Avoid Same Mistakes?

Xconomy

In three years, Vertex went from having a billion-dollar hepatitis C business to zero—abandoning the research completely. Called sofosbuvir (Sovaldi), the drug won FDA approval in December 2013. Telaprevir’s sales cratered, and Vertex axed 15 percent of its workforce in October 2013. Then it exited HCV research entirely.

Startup 40
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Bio Roundup: Precision Med and Google, Heron, Lilly, Sarepta & More

Xconomy

Koch Institute for Integrative Cancer Research founding director Tyler Jacks has spent decades making important contributions in cancer research, but until forming Cambridge, MA-based Dragonfly Therapeutics, he’d never spun a startup out of his own lab at MIT. —David H.

Google 40