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

The UPMC Enterprises-backed mental health tool provider had raised more than $21m but is shuttering after failing to secure an acquisition.

Nucor has become a minority shareholder in Notre Dame chrome plating spinout Trion Coatings and will build the spinout’s first manufacturing facility at its own base in Indiana.

The nanopore sequencing platform developer has closed a $15.5m series 3 round backed by Tsingyuan Ventures.

Duke University spinout Cereius has signed up BioInnovation Capital to its series A round as it looks to commercialise a radiotherapeutic approach for brain tumours.

UMCG spinout CC Diagnostics has been backed by Carduso Capital as it moves closer to the launch of its cervical cancer screening technology.

The Groningen spinout is developing antibiotics that could help overcome increasing bacterial resistance to existing drugs.