Novartis, Medtronic and SinoPharm will exit the stem cell-based diabetes therapy developer in an acquisition by Vertex Pharmaceuticals.

The Stanford-backed consumer credit management platform has now raised $110m altogether, and the latest round will fund hiring and technology development.

UCL and Francis Crick-founded Achilles has raised series B funding at a reported $228m valuation and will now look to advance lung cancer and melanoma treatments.

Antibiotics developer MGB Biopharma's lead candidate exploits University of Strathclyde research, and it has just raised an undislcosed amount of new capital.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Regional TTO Satt AxLR has joined forces with University of Reunion Island to evaluate the latter's commercialisation opportunities.

Run by Miami University students, VC unit RedHawk Ventures will seek $1.5m for a new fund to back university-linked startups.

Stanford-StartX Fund-backed healthcare servies platform Luma Health has taken its overall funding to almost $26m.

UChicago Startup Investment Program is among a group of backers that provided $47m to support the launch of a Florida-focused home insurance carrier, the first of Kin's subsidiaries to underwrite its own policies.

Dushant Pathak has revealed his intention to leave UC Davis next week, standing down as associate vice-chancellor for innovation and tech commercialisation.