University of Twente’s ETC Solar has made its public debut as a subsidiary of a US-based Caltech spinout of the same name working on solar generation technology.

James Cook University has formed its first spinout, Paragen Bio, which will commercialise autoimmune disease therapies derived from a blood-sucking tropical parasite.

Ambys Medicines has raised $60m in a series A round backed by Takeda and signed a strategic partnership agreement with the corporate worth $80m.

ICL spinout Cagen raised an undisclosed sum from Imperial Innovations and UKI2S to commercialise protein nanocages for shielding therapeutic payloads.

Building on last year's records, Tech Launch Arizona has added another 16 spinouts to its portfolio in the fifth financial year since the office was formed.

Scripps Research Institute spinout BlackThorn Therapeutics will use Yale's Gemini-Dot technology to identify drug targets for neurobehavioural disorders.

Frontier IP will take a 31.8% shareholding in NTPE, an electronics printing technology spinout from Universidade Nova de Lisboa.

The result is a new record for University of Pittsburgh and includes two businesses delivering surgical apparatus and one developing a poisoning antibody.