Global University Venturing

IP Group's bid for Touchstone Innovations was unexpected and remains ambitious, but doubts remain over whether a merger would be the best way forward for either firm.

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

Universities-backed online education provider Coursera is reportedly valued at $800m after closing a series D round that will support its new enterprise-focused product.

The UT Horizon Fund has participated in a $14.3m series B round for Lung Therapeutics.

Chinese Academy of Sciences has led a series B round through Cash Capital, while an unnamed unit of the institution entered a strategic partnership with SpeedyCloud.

Serenta, which develops vaccines targeting chronic infections, has obtained a licence for a vaccine against bacteria that have proven resistant to antibiotics.

Stanley Ventures, the corporate venturing arm of Stanley Black & Decker, has provided an undisclosed amount to MIT spinout Veloxint.

The university has moved its incubator to a new campus and a bigger facility.

PharmaCell, a spinout of Brightlands Maastricht Health Campus, has been acquired by Lonza.

The Duke University spinout has secured capital from 10 unnamed investors.

Spun out of Queensland and Emory universities, the biotech developer has secured capital from Uniseed and the Medical Research Commercialisation Fund.