Novartis and GlaxoSmithKline have returned to back a series B round that also attracted Singapore state-backed Vertex Ventures and university venturing fund Cambridge Innovation Capital.

Appointed interim chief executive and president in March, Jill Smith has now been made the permanent head of the commercialisation firm.

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

The cleantech spinout has signed an agreement with University of Minnesota to commercialise research that converts organic waste materials into synthetic gas.

The Purdue Foundry Investment Fund reinvested in a $30m round for Symic that will support a phase 3 trial for a compound intended to improve vein graft surgery.

Linear Diagnostics has raised $390,000 from investors including the University of Birmingham Spinout Investment Fund.

IP Group is hoping to raise $260m as the firm reveals it has made a takeover bid for Touchstone Innovations and will establish a new subsidiary in Australia.

Semiconductor product makers MediaTek and Xilinx were among the participants in an eight-digit round for deep learning technology developer DeePhi Tech.

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