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

Hyalex Orthopaedics takes $16m walk

The Stanford spinout has collected series A funding from investors including Johnson & Johnson and Osage University Partners.

Investors chip in for Ultrasoc’s series D

The Kent spinout has secured $6.4m in funding to bolster its commercialisation efforts.

Bicycle Therapeutics rides towards $52m series B

Novartis and GlaxoSmithKline have returned to back a series B round that also attracted Singapore state-backed Vertex Ventures and university venturing fund Cambridge Innovation Capital.

Tolerogenixx accepts seed round

The spinout of Heidelberg University Hospital has collected capital from High-Tech Gründerfonds.

Smith stays on top of Allied Minds

Appointed interim chief executive and president in March, Jill Smith has now been made the permanent head of the commercialisation firm.