Posts filtered by tags: Wisconsin blog main[x]


Bio Roundup: Golumbeski’s Legacy, CRISPR Moratorium, Rebate Week & More

While all eyes in the biopharmaceutical world are currently trained on Bristol-Myers Squibb’s proposal to buy Celgene for $74 billion, it wasn’t that long ago that another company’s gaze was fixed on the Summit, NJ, drug maker.In the early 2000s, before the FDA approved Celgene’s flagship multiple myeloma drug lenalidomide (Revlimid), Novartis (NYSE: NVS considered buying the company. It passed, unwilling to risk billions on an unapproved drug. Those details came from biopharma dealmaker George...
Tags: Deals, Startups, China, Ipo, Cancer, Trends, Investing, Merck, Colorectal Cancer, Multiple Sclerosis, Harvard University, Health Insurance, Astrazeneca, Center For Medicare And Medicaid Services, Fda, National

WI Watchlist: Foxconn Fund, UW Accelerator, MSOE A.I. Hall & More

It’s time to catch up on Wisconsin innovation news:—Jason Franklin will manage the Wisconn Valley Venture Fund, a $100 million fund formed last August by Foxconn Technology Group and three leading Wisconsin businesses and organizations: Advocate Aurora Health, Northwestern Mutual, and Johnson Controls (NYSE: JCI). Foxconn, a Taiwanese manufacturing giant, has said it’s building a massive (and controversial) electronics factory in southeastern Wisconsin.Franklin is a University of Wisconsin-Madi...
Tags: Deals, Startups, Education, Trends, Tech, It, Vc, Software, Healthcare, Nvidia, Wisconsin, Silicon Valley, Andreessen Horowitz, Cleantech, Foxconn, Life Sciences

The Life, Troubles, and Celgene Legacy of Deal Guru George Golumbeski

George Golumbeski is one of the most prolific dealmakers in the biopharmaceutical world. But the deal that changed his life is a pact he made with himself when he was ten years old.Playing with friends in front of his house in Hampton, VA, he watched his mother drag his dead-drunk father, a U.S. Air Force veteran who did a short stint in Vietnam, out of his car. Pretending to sleep in his bedroom, he’d often hear his parents screaming at each other.“I can’t end up like this,” he remembers think...
Tags: Deals, Ipo, Events, Trends, People, Depression, National, Novartis, Vietnam, Biotech, Illumina, New Enterprise Associates, Life Sciences, University Of Wisconsin, Genentech, UCB

Bright Cellars Uncorks $8.5M Round for Wine Subscription Service

A few years ago, the frothiest market in tech was arguably startups selling subscriptions to boxes of curated goods, such as clothing, beauty products, and food, which would arrive on customers’ doorsteps each month.The buzz around this area of e-commerce may have subsided a bit, but there are still a ton of box subscription startups plugging away. One of them, five-year-old Bright Cellars, apparently has amassed enough traction to score a fresh round of venture funding. The Milwaukee-based sta...
Tags: Deals, Startups, Milwaukee, Trends, Tech, Mit, Vc, Software, Aol, Wisconsin, Revolution Ventures, Steve Case, National blog main, Boston blog main, Xperience, San Francisco blog main

Tasso Gets $6M For Device That Lets Users Self-Collect Blood Samples

Tasso, a Seattle-based startup that is developing an at-home blood sample collection device, announced Tuesday it has raised $6.1 million from investors. The new money will support its effort to launch sales of the device, Tasso OnDemand, in the coming months, and to add staff, Tasso says.Vertical Venture Partners, a Silicon Valley-based investment fund, led the funding round, Tasso says. Other participants included Techstars and Cedars-Sinai, a Los Angeles-based network of hospitals and clinic...
Tags: Deals, Startups, Los Angeles, Trends, Department Of Defense, Vc, Darpa, Food And Drug Administration, Silicon Valley, National Institutes of Health, Fda, Biotech, Seattle, Nih, TechStars, Life Sciences

WI Watchlist: Kauffman Ranking, Driverless Shuttles, Space Research

Here are some of the latest headlines from Wisconsin’s innovation community:—Well, it’s not last place, but it’s still not a great showing for Wisconsin in the latest assessment of entrepreneurial activity in each state by the Ewing Marion Kauffman Foundation. Wisconsin ranked 45th in the foundation’s “early-stage entrepreneurship index” , which examined a variety of data from 2017. The index is a modified version of the group’s annual national entrepreneurship report, which went on hiatus las...
Tags: Deals, Startups, Space, Jobs, Entrepreneurship, Trends, Tech, It, Nasa, Vc, Software, M&a, Wisconsin, Autonomous Vehicles, Self-driving Cars, Driverless Cars

Bio Roundup: Pharma in DC, Bristol-Cel in Trouble, Roche Gets A Spark

Could a shareholder revolt doom the planned marriage of Bristol-Myers Squibb and Celgene? Analysts have hinted at the possibility since the two companies shook hands in January, but the threat became real this week.Bristol (NYSE: BMY) and Celgene (NASDAQ: CELG) have campaignned heavily, starting with a joint presentation by their CEOs at the J.P. Morgan Healthcare Conference in January. Celgene drugs that should come to market the next two years will unlock $15 billion in annual revenue. The co...
Tags: Deals, Startups, Ge, Trends, Merck, Vc, Astrazeneca, Fda, National, Bristol, Novartis, Pfizer, Life Sciences, Clinical Trials, Celgene, Amgen

WI Watchlist: Rockwell, Wellbe, Generac, API Healthcare & More

Here’s a roundup of recent news from Wisconsin’s high-tech industries:—Rockwell Automation (NYSE: ROK), the Milwaukee-based seller of hardware and software that enables industrial automation, is forming a joint venture with Houston-based Schlumberger (NYSE: SLB), a maker of products for drilling and other tasks in the oil and gas industry. The new venture, called Sensia, plans to sell software-based automation products and services aimed at helping oil and gas customers improve their operationa...
Tags: Deals, Startups, Internet Of Things, Fashion, Ge, Milwaukee, Connected Devices, Trends, Tech, It, Vc, Software, Healthcare, M&a, Wisconsin, Iot

Bio Roundup: NASH News, Merck Strikes, Digital Tokens & More

The growing epidemic of the fatty liver disease known as NASH, which has no FDA-approved treatment, has led to a frenzied race among drug companies. This week, one company, Intercept Pharmaceuticals, solidified its lead. But how much will being first to the finish line mean when all is said and done?Intercept (NASDAQ: ICPT) reported interim data from a Phase 3 study showing its drug, obeticholic acid (OCA), reduced liver scarring in NASH patients. The results should be enough to support an appr...
Tags: Deals, Startups, Drugs, Cancer, Trends, Investing, Merck, Leukemia, Acne, Inflammatory Bowel Disease, Xerox, Astrazeneca, Fda, National, Pfizer, Abbvie

WI Watchlist: FluGen, Propeller Health, Gener8tor, EnSync

Here are some of the latest headlines from Wisconsin’s innovation community:—FluGen, a Madison-based company trying to develop a universal influenza vaccine, topline, preliminary data from a Phase 2 study that demonstrated its M2SR vaccine proved effective in countering a “mismatched” flu virus.The flu virus that makes its rounds each year doesn’t always match the viral strain contained in the annual vaccines administered to people, reducing their effectiveness. FluGen is trying to commercial...
Tags: Deals, Startups, Mobile, Apps, Internet Of Things, Connected Devices, Trends, Tech, It, Vc, Software, Healthcare, Wisconsin, Orion, Flu, Vaccine

WI Watchlist: Epic Systems, M-WERC, Nordic, Dianomi Therapeutics

It’s time to catch up on some recent headlines from Wisconsin’s innovation community:—Dianomi Therapeutics, a Madison-based life sciences startup, said it received a $3 million investment from San Diego-based Ligand Pharmaceuticals (NASDAQ: LGND). The investment includes $2 million in equity funding and $1 million in convertible debt financing, according to a Dianomi spokesperson.As part of the deal, Ligand said it will provide technical and scientific advisory services to Dianomi for a year, a...
Tags: Deals, Energy, Startups, Trends, Tech, Vc, Biologics, Veterans Affairs, Va, San Diego, M&a, Wisconsin, Cleantech, Digital Health, Electronic Health Records, Life Sciences

Bio Roundup: Alzheimer’s Fail, Drug Price Plan, Gene Therapies & More

Pharmaceutical companies typically raise prescription drug prices at the start of each year and this year was no different. The increases were the latest reminder that, despite President Trump’s fiery campaign rhetoric, the administration had done little to actually lower drug prices. But a new plan aimed at the secretive rebate deals between pharma companies and pharmacy benefit managers could change things.Insurers, or their intermediaries, negotiate with pharma companies for pricing discount...
Tags: Deals, Startups, Ipo, Cancer, Trends, Investing, Alzheimer's Disease, Chuck Grassley, Medicare, SEC, National, Novartis, Pfizer, Parkinson's Disease, Biotech, Vaccines

Packers, Microsoft Play to Green Bay’s Strengths With TitletownTech

As Jill Enos tries to improve the environment for entrepreneurs in Green Bay, WI, she says she has studied how communities such as Boulder, CO, Kansas City, MO, and Wilmington, NC, have attempted to build startup hubs.The key? Don’t try to be something you’re not.That means, for example, focusing on sectors that have been historical drivers of the local economy and that have an established local talent pool, and trying to nurture new technology-enabled ventures that cater to the region’s needs,...
Tags: Deals, Startups, Media, Microsoft, Environment, Sports, Trends, Supply Chain, Tech, Water, It, People, Vc, Software, Incubator, Healthcare

WI Watchlist: Foxconn Jobs, Marquette Esports, Rockwell Deal & More

It’s time to catch up on some recent headlines from Wisconsin’s innovation community, including the launch of a varsity esports program at Marquette University and American Family Insurance’s vague plans for a downtown Milwaukee office that will invest in technology initiatives. Read on for details.—Foxconn Technology Group, the Taiwanese electronics manufacturer that is building a massive plant in southeastern Wisconsin that could eventually employ 13,000 people, missed its hiring goal in 2018...
Tags: Deals, Startups, Internet Of Things, Jobs, Milwaukee, Trends, Tech, Vc, Software, M&a, Wisconsin, Scott Walker, Tax credits, Iot, Esports, Hiring

Equidate, Re-Named Forge Global, Boosts Series B to $85M

Equidate, one of the trading platforms that help employees sell their shares in pre-IPO unicorn companies, rolled out a new name today and announced a $35 million expansion of its $50 million funding round publicized in July.Re-branded as Forge Global, the five-year-old company plans to continue broadening the services it developed as many venture capital-backed companies—“unicorns” already supposedly worth billions of dollars, at least on paper—delayed going public, even while some of their st...
Tags: Deals, Startups, Lyft, Uber, Spotify, Spacex, Pinterest, Entrepreneurship, Ipo, Funding, San Francisco, Trends, Tech, Snapchat, Vc, Dropbox

EBSCO Health Buys HealthDecision to Push Joint Decision-Making Tools

Cardiologist Jon Keevil’s decision three years ago to hang up his stethoscope and focus full time on his digital health startup, HealthDecision, seems to have paid off.His startup was just acquired by EBSCO Health, a business of Ipswich, MA-based EBSCO Information Services, which provides libraries with access to research databases, e-books and e-journals, magazine subscriptions, and other content and services. The firm’s healthcare business sells digital versions of clinical books and medical ...
Tags: Deals, Startups, Trends, Tech, It, Vc, Software, Ebsco, Healthcare, M&a, Wisconsin, Premier, Elsevier, Digital Health, Healthtech, EBSCO Information Services

Access HealthNet Snags $1M to Help Lower Employers’ Healthcare Costs

Access HealthNet, a startup developing software designed to help employers save money on their workers’ healthcare, has raised $1 million in debt funding from a dozen investors, according to a securities filing.Wauwatosa, WI-based Access HealthNet works with its business clients to help them find the lowest prices for common medical procedures. Specifically, the digital tools the startup is developing help users determine, among all the healthcare providers covered under an employee health plan...
Tags: Deals, Startups, Trends, Tech, Vc, Software, Healthcare, Wisconsin, Healthtech, Exabyte, National blog main, Wisconsin blog main, Wisconsin top stories, BrightStar Wisconsin Foundation, HealthNet, Wauwatosa WI

WI Watchlist: Fiserv, Promega, Arrowhead, Basic-code, EnSync & More

The biggest news of the week from Wisconsin’s high-tech sectors was by far Brookfield-based Fiserv’s (NASDAQ: FISV) massive $22 billion deal to acquire First Data (NYSE: FDC). Meanwhile, here are some headlines and happenings you might’ve missed:—Basic-code raised nearly $250,000 in equity funding, according to an SEC filing. The Brookfield, WI-based startup, which offers sales analysis and forecasting software, pulled in more than $736,000 in equity financing last February. Founder and preside...
Tags: Deals, Energy, Startups, Trends, Tech, Vc, Software, Wisconsin, Brookfield, SEC, Cleantech, Life Sciences, Resmed, Fiserv, Exabyte, Wisconsin Economic Development Corp

With New Cash and Facilities, Phoenix Transitions Out Of Startup Mode

It’s often not obvious precisely when an early-stage business reaches the point where it outgrows the “startup” label.Case in point: Madison, WI-based Phoenix, which sells neutron generators and provides image-reading services to organizations in industries ranging from healthcare to renewable energy to aerospace and defense.“From a cultural standpoint, everybody’s starting to feel the maturation of the company,” says Evan Sengbusch, Phoenix’s president. The company “still has the startup cultu...
Tags: Deals, Startups, Trends, Tech, Vc, Wisconsin, Manufacturing, Accelerators, Phoenix, Particle Accelerators, Exabyte, National blog main, Wisconsin blog main, Wisconsin top stories, Madison WI, Medical imaging

Fiserv to Buy First Data for $22B as Fintech Consolidation Continues

The mega-deals keep on coming. Today, it’s a massive acquisition in financial technology: Fiserv has struck an agreement to acquire First Data in an all-stock transaction valued at $22 billion.The deal has been approved by both companies’ boards but still needs to be accepted by shareholders and regulators. Assuming it closes as expected later this year, it would combine two big players in financial services and payments processing.Fiserv (NASDAQ: FISV), a 35-year-old company based in Brookfiel...
Tags: Deals, Mobile, Apps, Trends, Tech, It, Software, M&a, Square, Wisconsin, Payments, Stripe, Fintech, Izettle, First Data, Worldpay

After 33 Exits in 5 Years, WI Seeks “More and Bigger” Startup Deals

When Propeller Health’s founders initially tried to raise funding for their new healthcare technology venture, many of the investors they spoke with were hesitant to take the risk.It was the early part of this decade, and Propeller was navigating the FDA’s regulatory process for medical devices. The company believed it had a chance to become one of the first to earn market clearance from the agency for a software product, says Propeller co-founder and CEO David Van Sickle. Propeller’s idea for ...
Tags: Deals, Startups, Mobile, Apps, Internet Of Things, Education, Connected Devices, Trends, Tech, It, Cybersecurity, Walgreens, Vc, Software, Healthcare, M&a

Goods Unite Us Raises $500K to Track Corporate Political Leanings

Goods Unite Us, a Madison, WI-based startup seeking to inform shoppers about the political leanings of corporations they purchase products and services from, says it closed a $500,000 seed funding round last week.MaSa Partners, Humble Rogue Ventures, and Mark Bakken, a Madison-based entrepreneur and investor, co-led the round, Goods Unite Us says.Launched in 2017, Goods Unite Us aims to increase transparency around corporate money in politics by providing users with information on political con...
Tags: Deals, Startups, Politics, Trends, Tech, E-commerce, Mobile Apps, Vc, Software, Wisconsin, Glassdoor, Political Campaigns, Exabyte, Amy Miller, Brian Potts, National blog main

WI Watchlist: Northwestern Mutual, Epic, Exact Sciences, Propeller

It’s time to catch up on notable headlines from Wisconsin’s innovation community:—Northwestern Mutual, the Milwaukee-based insurance and wealth management services giant, has hired Souheil Badran as chief innovation officer. Badran was previously president of the Americas region for Alipay, the online payments platform operated by Ant Financial, the Alibaba-owned fintech firm.Badran’s new role was previously held by Alexa von Tobel, the well-known fintech entrepreneur who left Northwestern Mutu...
Tags: Deals, Startups, Mobile, Apps, Internet Of Things, New York, Connected Devices, Americas, Trends, Tech, It, Walgreens, Software, Healthcare, Alibaba, Wisconsin

Bio Roundup: #JPM19 Notes, Loxo Buyout, Black Diamond’s Cash & More

Diabetes drugs are Eli Lilly’s bread and butter, but the pharmaceutical giant hasn’t lost its appetite for cancer drugs. It grabbed hold of a few more this week by betting $8 billion on Loxo Oncology.Loxo (NASDAQ: LOXO) has made a name for itself by becoming one of just two companies ever to earn an FDA approval for a drug that targets a tumor’s DNA fingerprint, no matter where in the body that cancer is found. The drug, larotrectinib, targets rare tumor abnormalities known as NTRK fusions. The...
Tags: Deals, Startups, Ipo, Cancer, Trends, Medicare, SEC, Fda, National, GlaxoSmithKline, Allergan, Shire, Biotech, Medical Device, Postpartum Depression, Bernie Sanders

Big Deals, Life Sciences Push U.S. VC in 2018 to Dot-Com Boom Levels

Venture capital investments rose in 2018 to levels not seen since the heady days of 2000, the last year U.S. startups collectively took in more than $100 billion.That’s according to PitchBook and the National Venture Capital Association’s Venture Monitor report, released this week, which tallied nearly 9,000 deals made last year, through which venture investors sunk $130.9 billion into companies. That was about 500 fewer deals than in the year prior, but the total amount invested increased by $...
Tags: Deals, Startups, Lyft, Uber, Entrepreneurship, Funding, Trends, Vc, Software, Pwc, Venture Capital, Angel, National, WeWork, Magic Leap, Biotech

Microsoft, Kroger Advance Grocery Tech to Fend Off Amazon

From the cloud on down to the floors of supermarkets, the rivalry between Microsoft and Amazon spans many sectors in software, gadgets, and increasingly, retail.The Seattle-area tech giants are battling—both with one another, and other competitors—to further digitize grocery shopping. The latest salvo came on Monday from Microsoft (NASDAQ: MSFT), which announced new details of its partnership with Kroger (NYSE: KR), one of the leading grocery store chains in the U.S. The Cincinnati-based grocer...
Tags: Amazon, Deals, Microsoft, Whole Foods, Cloud Computing, Trends, Tech, Amazon Prime, Supermarkets, E-commerce, Software, Grocery Stores, Retail, Seattle, Cincinnati, Kroger

Bio-JPM Roundup: Lilly Buys Loxo, Sage’s Stock Soars, ALS Cash & More

The flow of biotech news is particularly heavy today, and for good reason. The annual J.P. Morgan Healthcare Conference, one of the biggest gatherings for the biopharmaceutical industry, kicked off today in San Francisco, and many companies, whether they’re speaking at the event or not, use this time to get their news out.Xconomy is on the ground covering the conference this week. In the meantime, here’s a short roundup of biotech news announced today.DEALS AND DATA—Eli Lilly (NYSE: LLY) is pay...
Tags: Deals, Startups, San Francisco, Trends, Investing, Vc, Venture Capital, Fda, National, GlaxoSmithKline, Biotech, Postpartum Depression, Life Sciences, Clinical Trials, Celgene, Gilead Sciences

WI Watchlist: Baird, Exact Sciences, Somna Therapeutics, & More

Happy New Year, readers. To kick off 2019, here are some recent headlines from Wisconsin’s innovation community:—The venture capital arm of Milwaukee-based Robert W. Baird & Co. is trying to raise $185 million for its fifth venture fund, according to a new SEC filing. The firm has yet to collect any of the money, the document shows.Baird’s venture group said it pulled in $185 million for its fourth fund in 2014, surpassing its $150 million target.—Germantown-based medical device company Somna T...
Tags: Deals, Startups, Milwaukee, Trends, Tech, Vc, Wisconsin, SEC, Fda, Life Sciences, Baird, Germantown, Robert W. Baird & Co, Exabyte, National blog main, Wisconsin blog main

From Alnylam to Zayner: Xconomy’s Top Innovation Stories of 2018

2018 was a year of ups and downs for the business and technology community. It was a year of big exits—both IPOs and acquisitions—for tech and life sciences companies. Venture funding remained strong, but more money went to fewer (and later-stage) companies overall. As the year winds down, we’re reflecting on the big innovation trends and developments that will carry over to next year.Storylines in various sectors helped shape the overall narrative in 2018. Cell and gene therapies, cancer immun...
Tags: Deals, Startups, Technology, Cloud Computing, Trends, Tech, IPOs, It, People, Cybersecurity, Analysis, Vc, Software, Bitcoin, Bill Gates, Innovation

CFOs: Prepare To Become Your Company’s Data Czar This Year

In mid-2018, Tom Bogan was the leader of business planning software company Adaptive Insights as it planned its own next steps. The Palo Alto, CA-based company was on the point of raising about $115 million in a June IPO that would have set its market value at around $705 million, according to PitchBook.But like Dustin Hoffman in “The Graduate,” the big enterprise software company Workday lured Adaptive Insights away from the IPO altar with a more attractive deal—a $1.55 billion acquisition off...
Tags: Deals, Startups, Cloud, Internet, Entrepreneurship, Ipo, Funding, San Francisco, Trends, Tech, Web, It, Excel, Software, Data Science, Innovation

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