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Ostendo Raising Funds to Advance Virtual Reality Display Technology

Xconomy

Adding to the confusion, the most-recent MoneyTree Report on San Diego venture capital activity shows that Ostendo raised almost $10 million in VC funding during the second quarter. Razi, Bussel, and Dull are also on the board of Ingenu, the San Diego wireless technology company known previously as On-Ramp Wireless.

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In Digital Device Boom, Tear Film Sees Window for Dry Eye Treatment

Xconomy

He’s the CEO of San Diego medical device startup Tear Film Innovations, which recently raised a. Come to think of it, do your eyes feel dry? Some eye doctors are finding more cases of dry eye in young adults, and even children. That has Rob Thornill seeing opportunity. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

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With $6M Investment, Histogen Aims to Grow Hair Business in China

Xconomy

Histogen, a San Diego-based regenerative medicine company with technology for growing skin cells and related products, said it has raised $6 million from an affiliate of Huapont Life Sciences, a healthcare products company based in Chongqing, China.

Invest 40
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Avalon Leads $18M in Early Funding for Cancer Immunotherapy Startup

Xconomy

Fortis Therapeutics, a new San Diego biotech, has raised $18 million in initial funding to develop drugs for hard-to-treat prostate and bone marrow cancers. San Diego’s Avalon Ventures led the Series A round, and has established Fortis at COI Pharma, the firm’s biotech incubator (which now houses 16 life sciences startups).

Avalon 40
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Retrophin Drug Licensed by Shkreli Shows Positive Phase 2 Results

Xconomy

San Diego-based Retrophin said that its drug, sparsentan, outperformed another drug sometimes used to manage a rare kidney disease, called focal segmental glomerulosclerosis (FSGS), in a Phase 2 clinical trial. He licensed the drug from San Diego-based Ligand Pharmaceuticals (NASDAQ: LGND ) in March 2012. on the Nasdaq.

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Pharma’s Productivity Problem: Finding More Blockbuster Drugs

Xconomy

A recent Wall Street Journal article that raised the possibility of Biogen as the target of another huge pharma buyout cited the lack of productivity as a major driver of M&A in the pharmaceutical industry. Losses in over-capitalized “vintage years” over the last two decades have left institutional investors (e.g.

Product 40
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Bio Roundup: Moderna Publishes, Life Science Cash, AdComm Votes & More

Xconomy

In the second quarter, 16 of the top 25 largest early-stage venture capital deals were investments in life science companies. The figures come from the National Venture Capital Association and financial research firm Pitchbook.