San Diego biotech raises $90 million to treat infections in people with weak immune systems
SAN DIEGO — San Diego biotech company Amplyx Pharmaceuticals announced Tuesday that it has completed a $53 million extension to its Series C funding round, bringing the total for the round to $90 million.Sofinnova Venture Partners led the round, with participation from more than seven investment firms that had contributed in earlier rounds. Pfizer and Adage Capital Management joined the mix as new investors.The funds will mainly go toward testing two experimental drugs central to Amplyx’s mission — treating microbes that are usually harmless, but which can kill a person without a healthy immun...
The San Diego Union-Tribune
Nets' Spencer Dinwiddie's long-shot crowdfunding campaign off to slow start
Spencer Dinwiddie’s attempt at crowdfunding his free agency hasn’t taken off yet.As of Sunday afternoon, the business-driven Dinwiddie had raised less than $1,000 on his GoFundMe page, well short of the pace necessary to finish with his stated goal of $24,632,630. He opened the page Friday and accumulating $1,000 every two days would require 136 years of fundraising to reach the target.The second highest donation, as of Sunday afternoon, was $69 from a Nets fan who added the message, “Knicks are Poopiepoopbuttbuttsoup.”So maybe this is not being taken so seriously. Or a kindergartner has dispo...
New York Daily News
Lee Schafer: There's still resilience in tech startups in middle of the US
MINNEAPOLIS — One of the most optimistic reports in years about the venture capital available for startup companies in our region appeared this week, in the middle of a pandemic when it’s hard to feel great about anything.It is a good news story, though, even if more venture capital may not be the perfect measure of the health of a region’s entrepreneurial community. More beats less, no matter the economic environment.And the report’s details jump out for what they show about entrepreneurship here: that middle-of-the-country entrepreneurs seem to get more work done with less money.It might be ...
Star Tribune (Minneapolis)
Internet governing body blocks sale of Pa. based registry of .org domains to private equity firm
Dot-org, or “.org,” is one of the oldest and largest domains on the Internet — a digital home for more than 10.5 million websites, many of them nonprofits.The group that operates this massive registry is itself a Pennsylvania charitable organization — Public Interest Registry — and has been up for sale for months to a private equity firm.Hundreds of groups, including several Pennsylvania nonprofits, opposed the deal through a petition called “SaveDotOrg,” saying they were alarmed about the possibilities of increased prices and other ways the new owners could seek to turn a profit.On Thursday n...
The Philadelphia Inquirer
Bernie Sanders' bid for president is over but his campaign is active … and going after former hospital owner
PHILADELPHIA — Sen. Bernie Sanders’ bid for the presidency is over. Again. But the democratic socialist’s agenda marches on. Again.This time, the remnants of Sanders’ campaign are waging a social media pressure war, slamming former Hahnemann University Hospital owner Joel Freedman for keeping the facility closed during the coronavirus pandemic. It’s a throwback to when Sanders joined nurses and health-care workers last summer to protest the hospital’s closure.Text messages sent from the Bernie 2020 campaign to people in the Philadelphia area last weekend put Freedman, a millionaire private equ...
The Philadelphia Inquirer