Toronto’s AmacaThera is preparing clinical trials of a drug delivery hydrogel that could diminish the need for prescription opioid painkillers after surgery.

Strathclyde-founded dermatological device manufacturer Cutitronics has collected further investment from specialty chemicals supplier Croda as the pair aim to win business with personal care brands.

The university has helped launch 223 businesses, including 130 based on its IP, since an overhaul of its commercialisation strategy in 2013.

A round up of all the latest news on www.globaluniversityventuring.com for our subscribers.

Nanomaterials provider Nanogap, a spinout of University of Santiago de Compostela, received $2.1m from Repsol's Corporate Venture vehicle.

Microsoft, Bridgestone and Qualcomm all contributed to a series D round for MIT spinout ClearMotion, which emerged from stealth earlier last year with $130m in funding.

MIT molten metal production spinout Boston Metal has drawn funding from the Engine in its first publicly disclosed funding round.

University of Cambridge flow sensor spinout Flusso was previously backed by the university’s Cambridge Enterprise tech transfer office in June 2017.

Genomics data management and analysis platform DNAStack has secured a follow-on investment from Facit, building on the commercialisation unit's initial commitment in 2017.

University of Bristol Enterprise Fund has returned with more cash for irrigation system developer Lettus Grow, founded by Bristol graduates and students.