The deal is the largest such agreement Purdue has signed with a corporate, though it follows a long history of collaboration between the two partners.

Innoetics has been acquired by Samsung in the largest exit for a Greek spinout in decades

Diabetes treatment spinout Alms Therapeutics signed up Cap Innov'Est and Morningside Venture Capital as investors after previously tapping regional tech transfer office Satt Conectus for funding.

Building on a University of Warwick and EPFL research partnership, ByzGen has licensed patents through Crossword Cybersecurity to develop blockchain-powered data management applicatioins for national defence and security purposes.

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

Multi-university venturing fund Uniseed has invested $500,000 in smartphone cardiac monitoring developer Cardihab.

Interface Polymers has secured funding as it prepares to shape its materials adhesive concept into a commercial product.

Ultrasound simulator developer Medaphor will pay up to $4.9m in shares to acquire University of Oxford spinout Intelligent Ultrasound.

The fund, which has already made its first investments, will offer between $50,000 and $200,000 to both spinouts and student startups.

AbbVie Ventures is among the backers of a $30m series A round for Disarm Therapeutics, a biotechnology spinout from Washington University in St Louis.