University of Michigan has become the latest academic institution to strike a $130m fund partnership with Deerfield Management.

The oncology diagnostics technology provider has filed to go public in the US, with Legend Holdings and Eli Lilly set to exit through the flotation.

UPMC's ID Connect has absorbed Merck & Co's Ilúm Health Solutions to boost its client base and services offering.

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

Babylon Health led a series B round for the healthcare measurement kiosk provider that also featured Rush University Medical Center for Health.

Appliance manufacturer Gree bought $89m of shares in an initial public offering in which the oncology therapy developer floated at the top of its range.

WuXi AppTec's Corporate Venture Fund and GV participated in a round that came two years after the drug discovery system developer raised money at a unicorn valuation.

CRUK and Cambridge precision cancer diagnostics spinout Inivata has secured $25m from NeoGenomics as part of a deal that includes an acquisition option.

Cancer diagnostics technology developer Inivata has secured $25m from NeoGenomics to take its total funding to more than $128m.

Roche has purchased Stratos Group's DNA sequencing spinoff five years after its corporate venturing subsidiary contributed to a $30m series B round.