Mobile prescription management platform raises $1m seeding funding led by Atlas Venture and including SROne.

Toronto life sciences spin-out Xagenic closes $20m series B ahead of FDA submission.

Drive Capital, a venture capital firm backed with $50m from Ohio State University, hits its $250m fund goal in a year.

Purdue Research Foundation and Cook Medical partner on $12m evergreen fund for life science firms at Purdue University.

Madison Vaccines, a life sciences spin-out of the University of Wisconsin, secures $8m series A.

Health Insurer Independence Blue Cross unveils plans to invest up to $50m into venture funds and start-ups in the Philadelphia region.

Healthcare data warehousing and analytics company Health Catalyst has closed a $41m series C funding round from existing backers including strategic investors Kaiser Permanente Ventures and CHV Capital, for it to build out its healthcare analytics platform.

Leeds spin-out Evocutis aims to remodel its business into either selling or licensing its LabSkin product after disappointing 2013.