Weekly roundup of news from the past seven days.

This week’s news

 

Fusion sees its investments on the rise

Fusion IP records £1.2m pre-tax loss while the value its investments increase.

Invesco loses Woodford

Invesco fund manager Neil Woodford announces resignation after 25 years with the firm.

Spin-outs diagnose collaboration

Fusion Antibodies and Isca Diagnostics announce collaboration on antibodies.

PureVLC reshuffles at the top

PureVLC, an Edinburgh spin-out, announces new Chairman, board changes, and a new name.

AstraZeneca buys Spirogen for $440m

Pharmaceutical giant AstraZeneca writes $440m cheque for UCL spin-out Spirogen.

Precipio draws Innovations

Connecticut Innovations leads $1.8m series B in Yale-linked Precipio.

Yale observes Panorama

Edutech startup Panorama Education receives $4m seed round from backers including Mark Zuckerberg, Google, and Yale.

Tech leads in the UK

The UK’s technology sector underlined as a key generator of growth for the country.

Tech transfer changes at OSU

Oklahoma State University will appoint a new vice president for research and technology transfer as incumbent Stephen McKeever steps down after ten years.

Mercia backs CYP Design

CYP Design, a spin-out of De Montfort University, receives unspecified seed fund from investment firm Mercia.

Rochester gears up on tech transfer

The University of Rochester renames its TTO URVentures ahead of major push on commercialisation.

Osage backs Sideris $32m series A

University venture fund Osage University Partners backs Sideris Pharmaceuticals in $32m series A.

iCeutica wins FDA nod

University of Western Australia life sciences spin-out iCeutica has its lead drug approved by the FDA.

Sparqs fly with $2.75m

Queen’s University spin-out Sparq raises $2.75m for cleantech microinverters.

Aerie sets the price

Duke spin-out Aerie Pharmaceuticals sets its pre-IPO price range.

Funding Circle expands radius

Peer-to-peer lending platform Funding Circle extends reach across the Atlantic with $37m venture backing.