University of Iowa's medical diagnostics spinout IDx has collected $33m from investors including Optum, bringing the company’s total to $48m.

Alexion will pay $400m upfront for Baxalta-backed Syntimmune, with up to an additional $800m on offer if the autoimmune disease drug developer hits all its milestones.

PharmEasy took its total funding past the $100m mark, six months after collecting some $30m from investors including Manipal Education and Medical Group.

Grubhub agreed to acquire student-focused food delivery app Tapingo, which had raised $36m from investors including Qualcomm Ventures.

Novo has co-led the series B round together with Omega Funds, adding to a $51.5m series A co-led by GlaxoSmithKline and Pfizer in 2016.

QuayChain has been formed by Allied Minds to commercialise an IoT hub for industrial sites such as airports, warehouses and transport hubs.

Stanford University’s StartX Fund has joined Bain Capital Ventures, Ironfire Ventures and SharesPost for blockchain technology developer CoinAlpha’s opening round.

BMW and Baidu are among the investors in sensor technology developer Lunewave's seed round, which will go towards building autonomous vehicle sensors based on the Luneburg principle.

Stanford-StartX Fund-backed microbial diagnostics and wellness product developer UBiome has raised $83m in series C funding.