3052 rounds · 1931 startups · 3553 investors
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AirXpanders reported positive results from its XPAND pivotal trial of the AeroForm tissue expander at a major plastic surgery meeting, showing faster expansion than saline devices, as it seeks US FDA clearance.
AirXpanders reports brisk early adoption of its AeroForm tissue expander after its Australian launch, citing surgeon training, hospital onboarding, and steps toward a US market entry.
AirXpanders' needle-free breast-reconstruction device is showcased at a major American plastic surgery conference, with trial results presented; the ASX-listed company awaits a US regulatory decision.
Also GBS Ventures·GBS Ventures
Breast reconstruction device maker AirXpanders has lodged a 510(k) regulatory submission with US authorities for its needle-free AeroForm tissue expander, following positive clinical trial results, as it moves toward entering the American market.
ASX-listed breast reconstruction device maker AirXpanders reports its pivotal XPAND trial met its primary endpoint, with results to go to the US regulator and be presented at a plastic surgery meeting in Boston.
Australian diabetes biotech Verva sold all its IP to two biotechs and entered liquidation with PKF Australia appointed; background recalls early Adipogen backing from Uniseed, QIC BioVentures and GBS Ventures.
GBS Ventures reports Novartis has agreed to acquire chronic-pain drug developer Spinifex Pharmaceuticals for US$200 million upfront plus milestones, recalling the company's 2005, 2008 and 2014 venture rounds and its Australian investors.
Also GBS Ventures·novartis.com·clinicalleader.com·Startup Daily·Startup Daily·anthillonline.com·@AuManufacturing·materresearch.org.au·Business News Australia
Chronic-pain drug developer Spinifex Pharmaceuticals has agreed to be bought by Novartis for US$200 million upfront plus undisclosed milestones, centred on its lead candidate EMA401.
Swiss pharmaceutical giant Novartis has agreed to acquire Australian drug developer Spinifex Pharma for $US200 million upfront, with up to $US500 million more in milestone payments.
Also Startup Daily
Pain-drug developer Spinifex Pharmaceuticals hires Dr Ronald Marcus as chief medical officer; CEO Tom McCarthy cites a recent $45 million raise backing further phase 2 trials of EMA401.
A brief GBS Ventures news post announcing Spinifex Pharmaceuticals' US$45 million Series C raise, with particulars left to an attached download.
GBS Ventures news stub linking to an attached document reporting Phase II trial results for Spinifex's EMA401, which showed the drug reduced pain in postherpetic neuralgia.
Hatchtech announced FDA sign-off on its DeOvo Phase 3 trials and two extra patents; its profile names GBS Venture Partners among the company's investors.
Melbourne drug developer Hatchtech raised A$12.6 million, with OneVentures Innovation Fund leading, to advance its head lice treatment toward Phase III trials; board changes brought in Richard Treagus and Hugh Alsop.
Australian medtech Endoluminal Sciences has licensed its technology for sealing leaks around artificial heart valves to Swiss valve maker Symetis for use in transcatheter valve products; backers of both companies are named.
A brief 2013 GBS Ventures news post pointing to a press release stating MEI Pharma has acquired the PI3-kinase delta inhibitor candidate PWT143; the post itself gives no deal terms or locations.
Two medical technology companies, Elastagen and Endoluminal Sciences, together received $4.5 million from the NSW Government's Medical Devices Fund, a competitive program backing local medical device development and commercialisation.
Also GBS Ventures
Air Liquide, through its start-up investment subsidiary ALIAD, has taken an equity stake in HYDREXIA, a Brisbane-based University of Queensland spin-off developing solid magnesium hydride hydrogen storage for industrial markets.
Heart-failure device developer Sunshine Heart, dual listed on NASDAQ and the ASX, closed an underwritten public share offering netting roughly $14 million, with Canaccord Genuity as sole book-runner.
The ASX and NASDAQ-listed heart device maker names an investment banking executive to its board, citing his deal experience, as it readies a key US trial and a European study.
GBS Ventures' news page points to an attached document announcing Sunshine Heart's appointment of Warren Watson to its board; the page itself carries only the headline and date.
GBS Ventures reposts a 2013 notice that Sunshine Heart signed a $25 million financing agreement with Aspire Capital Fund, with details only in an attached download.
PERE reports listed French developer Altarea Cogedim gathered €600m in commitments for its Paris office value-added fund, surpassing its original target.
Brief November 2012 notice reporting that Sunshine Heart won unconditional American regulator clearance to run a pivotal United States trial of its C-Pulse heart device, with detail left to an attached document.
Profile of Australian biotech Spinifex Pharmaceuticals and its neuropathic pain drug EMA401, covering phase II trials, the science behind its AT2 approach, and its venture backers as it weighs a future series C.
University of Queensland spin-out Q-Sera has banked $900,000 from MRCF and Uniseed to develop snake venom-based blood collection tubes; the piece also recalls Vaxxas's $15 million round.
A January 2012 post on GBS Ventures' news page announces Julie Cherrington as the new board chair of Xenome, tasked with steering the company through a pivotal stage; details sit in an attached document.
A brief post on the venture firm's news page records that Xenome has completed an eight-million-dollar financing, referring readers to a downloadable file for particulars.
A one-line dated brief on the venture firm's site noting that company Uptake has received an approval described as Australian; no further detail appears in the item.
A bare stub on GBS Ventures' site dated December 2011, pointing readers to a downloadable ASX announcement about Sunshine Hearts; the page itself gives no details of the announcement's contents.
Australian pharmaceutical developer Hatchtech appoints Tim Waugh, a former Roche divisional vice president, as chief executive officer to lead development and commercialisation of its head lice treatment DeOvo and establish a United States presence.
A stub news post on GBS Ventures' site flagging that Sunshine Heart's feasibility trial findings were due for presentation at a cardiology conference, with an attached document available for download.
GBS Ventures announces it has fully wound down its 1998 biotech fund with returns in the top quartile of US peers, recalling portfolio listings, Dynamic Hearing's sale to Wolfson, and its $122.5m fourth fund.
A brief 2011 post from GBS Ventures linking to an attached ASX announcement about early results from Sunshine Heart's C-Pulse feasibility trial, released by Ohio State.
Wolfson Microelectronics has agreed to acquire Melbourne-based audio software firm Dynamic Hearing for up to AUD 5 million, gaining its audio processing technology, intellectual property and 22 employees.
Also GBS Ventures
Sydney medical device company Elastagen completed a first-in-human study of its synthetic elastin skin products and plans two further trials, targeting a European launch in early 2013.
A brief 2011 notice recording that Sunshine Heart brought in A$7.4 million through a two-part private placement, with the ASX filing attached for download.
A short GBS Ventures site notice recording that the HypoMon product won an Australian International Design Award, pointing readers to an attached AiMedics press release. No investment, financial or personnel details are given.
Profile of Sunshine Heart's C-Pulse heart pump, its US trials and trial funding plans, recalling the failure of fellow Australian device maker Ventracor during the global financial crisis.
A short GBS Ventures news post from May 2011 pointing readers to an attached CEO update document about Sunshine Heart; the page itself gives no details.
A brief GBS Ventures notice pointing readers to an attached document about the stock exchange's query to Sunshine Heart over a recent movement in its share price.
Sunshine Heart's CEO letter to investors reviews 2010: an A$13.2 million financing, C-Pulse trial growth at newly added hospitals, two senior R&D hires, and a website revamp.
ASX-listed heart device firm Sunshine Heart appoints US medtech executive Paul Buckman to its board, which now spans eight directors across Australia and the United States.
Sunshine Heart has completed an A$9.5m rights issue, following a September placement of A$3.7m. Backers GBS Venture Partners and CM Capital took full entitlements plus shortfall; proceeds fund US trials and European approval.
ChemGenex has signed a convertible note deal giving Cephalon up to A$15 million in notes, plus options over 19.9 percent of shares held by Stragen and Merck; major shareholders back the issue.
Also GBS Ventures
Sunshine Heart has locked in A$3.7 million from US institutional investors via Summer Street, with a larger rights issue of up to A$11 million still planned pending shareholder backing at an October meeting.
Sunshine Heart's chief executive reports to shareholders on the C-Pulse trial: halfway through its US feasibility study, first two minimally invasive implants completed and new hospitals in Australia, Canada and the US joining.
AIMEDICS announced $2.04 million in fresh backing from GBS Venture Partners' government-supported IIFF vehicle and a founding backer, to commercialise its HypoMon device that monitors low blood glucose overnight in people with diabetes.