Thursday, August 11, 2005Caltech Chemist Gets Grant From Intel FounderPasadena-based Caltech announced yesterday that Nobel Prize-winning chemist Ahmed Zewail has received $18M from the Gordon and Betty Moore foundation to establish a new center for physical biology at the California Insitute of Technology. The new Ultrafast Science and Technology (UST) Center will focus on understanding the dynamic behavior of biological systems by combining physics and chemistry at the molecular level. Zewail received a Nobel Prize in Chemistry for his work in the field of femto (More info...)
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Bourne Supremacy Goes DigitalLos Angeles-based Vivendi Universal Games and Robert Ludlum, the best selling author of The Bourne Identity and The Bourne Supremacy said yesterday that they have agreed to publish computer games based on the books. VU Games will develop, publish, and distribute titles based on the Bourne books for a number of gaming platforms. Product information on the specific titles and platforms will be announced at a later date. The Ludlum spy thrillers were the basis for the popular movies of the same nam (More info...)
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Mpex Pharmaceutical Finds $32M Series BSan Diego-based Mpex Pharmaceuticals has raised a $32M Series B venture round of funding. Funding came from SV Life Sciences, HBM BioVentures, Aberdare Ventures, Adams Street Partners, as well as previous investors Western States Investment Group and Charitable Leadership Foundation. The company also said that it had raised $3.7M in an earlier Series A venture round. The company is developing biopharmaceuticals focused on small molecule drugs that can be used as antibacterials. The company's lea (More info...)
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Anadys Pharmaceuticals Raises $71.3M in IPOSan Diego-based Anadys Pharmaceuticals, a biotechnology firm developing medicines for treating viral and bacterial infections, has raised $71.3M in an IPO on the NASDAQ. The firm offered 5,750,000 shares of its stock at $12.40 per share. The IPO was managed by Credit Suisse First Boston, SG Cowen & Co., Piper Jaffray, and Needham & Company. The firm is backed by Coastview Capital, HBM Partners, Lotus BioScience, and Venrock Associates.
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Morpheus Caters To Content CreatorsLos Angeles-bsed StreamCast Networks is rolling out a new feature of its peer-to-peer file swapping network that the company says is geared towards content creators and copyright holders. The company said today that its Peer Response distribution platform will compensate content creators and copyright holders whenever a copy of their content is downloaded. StreamCast claimed that it expects to add one million video, music, game, and software titles in the next few months. Morpheus has partnered (More info...)
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Qualcomm Acquires Flarion Technologies For $600MSan Diego-based telecom giant Qualcomm announced this morning that it is acquiring New Jersey-based Flarion Technologies, a developer of mobile technology. Flarion develops Orthogonal Frequency Division Multiplex Access (OFDMA) technology and mobile broadband Internet protocol (IP) services. The deal is worth $600M in stock and cash, and also includes the assumption of options and warrants. Qualcomm also said that there is an earnout provision for an additional $205M in cash and stock on reachin (More info...)
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ValueClick To Acquire Fastclick For $214MWestlake Village-based ValueClick (VCLK) and Santa Barbara-based Fastclick (FSTC) announced this morning that they have entered into an agreement for ValueClick to acquire Fastclick. The deal is worth approximately $214M based on yesterday's closing prices of the two firms. Fastclick will become a wholly-owned subsidiary of ValueCLick. The deal is a stock exchange transaction, where each outstanding share of Fastclick common stock will be exchanged for 0.7928 of a share of ValueClick common sto (More info...)
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