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Montco firm targeting neurodegenerative diseases raises $1.6M

May 19, 2016

Pharmaceuticals said Wednesday it has completed a private stock sale that raised $1.6 million. Investors in the equity financing included Ben Franklin Technology Partners of Southeastern Pennsylvania. The proceeds from the financing will be used by the Radnor-based company to advance the development of its lead compound MP101, a neuro-protective agent. The money will also […]

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Ben Franklin Tech, more raise funds to honor late Brenda Gavin

May 19, 2016

Ben Franklin Technology Partners, the Alliance of Women Entrepreneurs, and the Philadelphia Alliance for Capital and Technologies (PACT) have joined forces in tribute to Brenda Gavin’s legacy by raising contributions, in her name, to AWE Ventures-Powered by Ben Franklin. Gavin, one of the country’s first female venture capitalists who helped guide dozens of Philadelphia-area biotechnology […]

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Solid growth, but more work ahead for Philly’s life sciences sector

May 19, 2016

After thorough examination, the results are in: Philadelphia’s health and life sciences scene is doing better than ever. This was the consensus of a group of key industry leaders during a Philly Tech Week 2016 presented by Comcast panel discussion in the Center City offices of the Public Health Management Corporation. Conveners, startups and major […]

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Phila. med tech startup working on multimillion dollar government contract

May 19, 2016

In a recent job notice on its website, med tech startup Biomeme announced it’s working on a multimillion dollar contract with the U.S. government. Biomeme’s co-founder, Jesse van Westrienen, declined to elaborate further citing the deal’s ongoing negotiations, but such a partnership would be a big win for one of Philadelphia’s most promising startups, which […]

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Delco tech company raises $1.1 million

April 28, 2016

Versify Solutions, a Glen Mills-based asset-management software provider to the electric generation and utility industries, has raised $1.1 million, according to an SEC filing. The management team at Versify declined to comment on the round. One of its primary investors, SJF Ventures, did not respond to request for comment. Versify has now raised a total […]

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