Connecticut News

Friday, May 18, 2012

Accelerated Orthopedic Technologies raises $150K
Accelerated Orthopedic Technologies of Guilford, Conn., a company developing proprietary tools for obtaining, shaping and implanting cartilage grafts, has raised $150,000 in debt financing from a $400,000 offering from two investors, according to federal filings.

Wednesday, May 16, 2012

Greenskies to put solar panels on 27 Walmart stores
Greenskies Renewable Energy LLC has been tasked with providing crystalline solar panels to more than half of Walmart’s Massachusetts stores. The Middletown, Conn.-based company will help the retail giant become the largest user of solar power in the Bay State, according Walmart Senior Director of Energy David Ozment.

Wednesday, May 2, 2012

EU approves Biodel patent for diabetes drug
Biodel Inc. (Nasdaq: BIOD) in Danbury, Conn. has received a notice of allowance from the European Patent Office for patent claims covering its ultra-rapid-acting insulin formulations intended for the treatment of patients with diabetes.

Tuesday, April 24, 2012

Alexion sees Q1 revenue boost
Alexion Pharmaceuticals, Inc. (NASDAQ: ALXN) of Cheshire, Conn., maker of the paroxysmal nocturnal hemoglobinuria (PNH) drug Soliris, on Tuesday reported that in the first quarter of 2012, net product sales reached $244.7 million, an increase of 47 percent from the same period in 2011.

Tuesday, April 17, 2012

Skystream secures Series A investment
Skystream Markets Inc., a company with headquarters in Stamford, Conn., and offices in Boston and New York City, which runs a platform for transactions in the renewable energy markets, has received its first outside investment and is moving more of its business to the New England area.
NextCloud Inc. expands to Connecticut, raises $1.2M
NextCloud Inc., a Sacramento, Calif.-based cloud services provider, has received its first outside investment and will open a site in Connecticut in the next month or two, according to Founder John Reeves.

Monday, April 16, 2012

Lawsuit filed against Connecticut’s Evolution1
Avon, Conn.-based healthcare IT company Evolution1 Inc. is being sued by a Florida company claiming misappropriation of trade secrets, breach of contract, unfair competition and other illegal activities.

Wednesday, April 4, 2012

Tangoe closes public offering of 9.2M shares
Tangoe Inc. (NASDAQ: TNGO) of Orange, Conn., which provides software and services to manage communications-related usage and expenses, today announced the closing of its previously announced registered public offering of 9.2 million shares of its common stock at a price to the public of $18.50 per share.

Tuesday, April 3, 2012

Cara Therapeutics completes Phase 1 trial of pain drug
Pain and inflammation treatment company Cara Therapeutics Inc. of Shelton, Conn., said today that it has completed a successful first-in-man Phase 1 clinical trial of an oral formulation of its post-operative pain reliever, CR845, that it started last November.

Thursday, March 22, 2012

Connecticut biotech raises $2.56M round
Infectious disease treatment developer BioRelix Inc. of New Haven, Conn., has raised all $2,558,096 of a promissory notes and warrants offering, according to a regulatory document.
Sustainable Waste raises funds to turn trash into power
Sustainable Waste Power Solutions Inc. has secured $30,000 in equity funding of a $30 million offering, according to documents filed with the U.S. Securities and Exchange Commission Wednesday.

Wednesday, March 21, 2012

Innovatient rakes in another round
Innovatient Solutions, Inc. of Farmington, Conn. doubled its offering from last May to $3.2 million and collected another $735,000 in equity funding, according to documents filed with the U.S. Securities and Exchange Commission today.

Tuesday, March 20, 2012

CoActiv’s inks distribution deal with CXR
CoActiv Medical of Ridgefield, Conn. announced a distribution agreement with Capital X-Ray (CXR) of Tallassee, Ala., an independent x-ray dealer in the Southeast.

Monday, March 19, 2012

Mutualink gets $6M in equity funding
Mutualink Inc., a Wallingford, Conn.-based telecommunications company with research and development facility in Westford, Mass., has received $6 million in funding, according to federal filings.

Thursday, March 15, 2012

Blog: Tech Collective shines the light on STEM, encourages GRRL power
There have been a slew of tech-related awards given to students in Connecticut, Massachusetts and Rhode Island–a sure sign that students are excited about science and technology.

Tuesday, March 13, 2012

Synbody gets injection of $750K seed round
Synbody Biotechnology, Inc., a start-up biotechnology company in Farmington, Conn., received it’s first seed funding of $750,000, said CEO Paul Hallenbeck.

Thursday, March 8, 2012

Alexion sees positive results for HPP drug candidate
Alexion Pharmaceuticals Inc. (Nasdaq: ALXN) shares were up almost 2 percent to $85.33 in noontime trading after the Cheshire, Conn. company announced that the New England Journal of Medicine has published data from a successful Phase 2 study of its investigational targeted enzyme replacement therapy.

Friday, March 2, 2012

Connecticut Innovations names $25K winners
Nine teams of entrepreneurs from Connecticut will receive $25,000 each from Connecticut Innovations’ TechStart Fund to bring their product to market.

Wednesday, February 22, 2012

Merck pens license deal with Protein Sciences
Protein Sciences Corp. has closed a non-exclusive deal with Merck & Co. Inc. to license its insect cell line to use in Merck’s vaccine research.
Tangoe taps UK’s ttMobiles for purchase
Three months, three acquisitions for Tangoe Inc., which Tuesday announced it had purchased ttMobiles Limited, a UK-based provider of mobile communications management solutions and services for undisclosed terms.