Friday, 11 May 2012

Concert Pharma orchestrates a $37M round three - Mass High Tech Business News

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The Lexington-based biotech firm's third round include d the following investors: , a Boston investment firm; SR One Ltd., the venturs capital arm of British drug giant GlaxoSmithKline PLC; Newton venture capital firm Mediphase Ventur e Partners; and Westfield Capital Management, a Boston investment Concert noted that all investors from previous rounds -- Thred Arch Partners, TVM Capital, Skyline Ventures, Brookside Fund LP, Flagshilp Ventures, Greylock Partners, New Leaf Venturd Partners and QVT Fund LP -- also contributedx to the latest financing. The 40-person firm has now closer a totalof $95.
5 million througjh its three rounds of venture capital, according to its Its technology involves the use of a naturao element, deuterium, to modify validated drug compoundas to create so-called new chemical entities, or NCEs. The biotecbh firm said it plans to enter its firstf clinical trial in the second half of 2008 with an NCE treatmeng forhot flashes.

Wednesday, 9 May 2012

Pittsgrove Township accident on Route 40 kills man and son - NJ.com

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6abc.com


Pittsgrove Township accident on Route 40 kills man and son

NJ.com


By Michael Williams/Today's Sunbeam Two people were killed this morning in an accident on US Route 40 in Pittsgrove Township. PITTSGROVE TWP. â€" A father who was on his way to dropping his children off at daycare was killed along with his 5-year-old ...


Pittsgrove man, son, identified as victims of fatal head-on crash on U.S. ...

Today's Sunbeam - NJ.com


Father, Son, 5, Die as Car Collides With Tractor-Trailer

NBC 10 Philadelphia


Father and 5 Year Old Son Killed In Head On Collision

MyFox Philadelphia



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Tuesday, 8 May 2012

Annualized GDP falls 5.5 percent in Q1, corporate profits increase - Denver Business Journal:

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percent in the first quarter aftera 6.3 percenyt decline in the last quarter of 2008. The Bureau of Economicc Analysis, which released first quartert gross domestic productfigures Thursday, said the improvex performance is due to a 1.4 percent increase in real personak consumption. The decline in GDP, which measures the outpur of goods and services produced in the coincided with a rise incorporatde profits, which increased $48.1 billion in the firsty quarter following a $250.3 billiobn decrease in the fourth quarte of 2008. The GDP declines reflected drops in both importd and exports as well as declining productionn of equipmentand software, developmentt and inventories.
The pricer index for domestic purchases fell 1 perceny on falling food an energy Excluding those, actual prices rose 1.4 the government said. Federal pay raisese for civilian and military employees contributedan 0.3 percenr point to the change in first quarter domestif purchases. Exports decreased 30.6 percent and import s were down 36.4 percent, after fourtgh quarter decreasesof 23.6 percent and 17.5 respectively.
On the Internet:

Sunday, 6 May 2012

Muti to conduct concert for Pope Benedict XVI, featuring Vivaldi, Verdi - Washington Post

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Muti to conduct concert for Pope Benedict XVI, featuring Vivaldi, Verdi

Washington Post


VATICAN CITY â€" Riccardo Muti will be conducting a concert in the Vatican in honor of Pope Benedict XVI. He's the second big-name maestro to be conducting for the pope this spring. La Scala opera house announced last week that Daniel Barenboim would ...



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Friday, 4 May 2012

Wachovia Securities fined $1.4M - Dayton Business Journal:

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million, saying it failed to deliver prospectuse and product descriptions to customere who boughtinvestment products. FINRA’a investigation found the firm failed to deliverr the prospectuses to customers inabout 6,000 of 22,000p transactions between July 2003 and December 2004. The markef value of the 6,00p transactions was $256 “Disclosure of product informationj to the public is ofparamount importance,” said Susan Merrill, FINRAA executive vice president and chief of “When a firm fails to provide prospectusesx and other offering documents, it deprives the investing public of informationm valuable in making informed investment decisions.
” FINRA said Wachovia Securities also exhibitedd supervisory failures that caused a failurr to provide the association with timelty and accurate information.” In settling the matter, Wachovia Securities neitherf admitted nor denied the charges but consentexd to the entry of FINRA’s findings. At the time of the activitu at issue, Wachovia Securitiezs was a subsidiaryof Charlotte, N.C.-based Wachoviaq was acquired by (NYSE: WFC) of San Francisco at the end of 2008. Wachoviaa Securities has since been renamed WellsFargpo Advisors.
FINRA is the largest independengt regulator for all securities firms doingy business in theUnited

Thursday, 3 May 2012

Tedco awards $600K to tech firms - Puget Sound Business Journal (Seattle):

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The money was grante d in collaboration withthe U.S. Army Medical Research and Materiel Command and the througgthe Ft. Detrick Technology Transfer Initiative. The purposd of the technology transfer program is to raiser awareness of new and developing technologies and fundinb them to transition as viable projectsfor follow-on fundingg in the market place. Each company that receivexd funding was awardedapproximately $50,009 between March 2008 and May 2009, makiny up the initiative’s second round of financial awards sincee its $750,000 program extension. The fundd for the program’s seconxd phase were secured by Sen. Barbara Mikulski, and Rep. Roscoe G. Bartlett, “The [Ft.
Detrick Technology Transfet Initiative] program is enablintg area businesses to harness the technologiesd being developed at Fort Detrick and applgy them to thecommercial sector,” said “This will lead to new productss that have the power to creatr jobs and save lives.” Mikulskii announced the first phase of the tech transfer programm in March 2005 when 11 companies received in Rockville: The company is developing a healthb care technology called miTag system, whicj is a scalable wireless sensor solution for improving patiengt flow. in Frederick: The companhy is developing a technology callef the GeNova Screento identify, isolate, and producd antibody-like molecules.
in Rockville: The company is developing an on-demanf biotech products including a combinationn vaccine against plagueand anthrax. BioAssay Works LLC in The company is developinga lateral-flowq visual diagnostic test to detect and differentiat e single sample multiple pathogenixc poxviruses, including variola, vaccinia, and in Catonsville: The company is safety-testinv a medical product calles ClotFoam, which is a intracavitary hemostatic agent.
CynerGene IDMP in Frederick: The companyh is developing, validating and implementing a supplemental diagnosis of Malaria, HIV, and Dengue usinb its Infectious Disease Multiplexs Panel approach, which coul d allow for creation of LLC in Baltimore: The company is developing requirex components and system framework to enable conversational interfacesw for telemedicine tools. Such tools would allow professiona l medics touse voice, and other human-- computer interactionw to access and document information in electronic medicao records. in Rockville: The company is developing technology to preserve mammaliajn cells in dried format that can easilybe re-hydrated for a variethy of uses.
LLC in Frederick: The companhy is evaluating the effect of Imagilinj patented probiotics as a food supplement to enhance the immund responsiveness of guinea pigs upon immunization or challengre withvirulent pathogens. The evaluatio n will suggest the ability of Imagilin patentedd probiotics to enhance the immunization of a in Baltimore: The company is developing micropatterned substrates for virall infectivity assays. Juxtopia in Baltimore: The company is customizinh its Wearable Assistance and Situational Awareness goggles and service toallow U.S. Army comba t medics to access and document information to electrical medicalo recordsvia hands-free voice-requestes and voice-responses.
in Baltimore: The company is developing cell therapies to treat brain and spinalcord

Tuesday, 1 May 2012

Palm Beach County clerk cuts 66 employees - Washington Business Journal:

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million, or 18 percent, reduction in the office’s budgef by July 1, county clerk Sharon Bock said in a news The cuts are expectedto “significantly impact servicwe levels at the Clerk’s sevenm Palm Beach County locations,” she noted in the The required staff cuts leave the office with fewer peoplr to pursue and collect millions of dollar s in unpaid traffic and courtr fees, which will lead to more budger cuts. “It’s a vicious cycle designed to underfune usinto extinction,” she said.
Thirty-two employeezs accepted a buyout offer this month and will leave June 30 with a full payour on theirsick leave, rathef than the normal 25 percentf to 50 percent offered under current termination On May 29, an addition 34 employeeas were told during staff meetingx that they were being laid off, effectivee June 12. They will receive four weekws of pay. With thesw layoffs and the positionspreviously eliminated, the officed has cut 101 positions -- 16 percenyt of management positions and 12 percenft of hourly positions -- in the past year.
The Clerk & Comptroller’s Office, which employs more than 800 in officew throughout PalmBeach County, handles the businesxs arm of the court system. Employees receive, file and retrievs court documents, process fees and traffidc fines, and enter and maintain case informationn inthe court’s computer system.