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Endoart gets $10.5M for obesity device development

Endoart SA, a Swiss company which develops medical devices for the obese, said it has raised CHF13.5 million ($10.5 million) in a series C financing from venture capital funds for product development and clinical trials.

UK Chroma gets £30M for clinical trials

Chroma Therapeutics Ltd raised £30 million in a third private round, giving the chromatin specialist funding for the next three years and enabling it to advance the lead programme through Phase II clinical studies and bring two further products into the clinic.

Johnson and Johnson, RNID back UCL hearing research

Johnson & Johnson's Corporate Office of Science & Technology (COSAT) has agreed to fund a research programme on hearing loss conduced by University College London's (UCL) Ear Institute under a partnership between the pharmaceutical giant and RNID, a non-profit organisation for the hearing impaired in the UK.

Patent auction: many low bids, but some successes

Lots of buzz preceded what was billed as the world's first live, multi-lot technology patent auction on April 6, but reality failed to meet expectations for many of the inventors who put up 400-plus patents for sale.

Agency orders probe into clinical trials procedures

After finding nothing wrong with the specifics of the preclinical data, the product, or how the trial was conducted, the UK Medicines and Healthcare Products Regulatory Agency has ordered an investigation to changes in clinical trials procedures.

Biosensors defend the homeland

The DTI in the UK sent a Global Watch Mission team to California last year to look at biosensors and biosensing "major global industries, with the worldwide total annual sales of medical biosensors exceeding £2.8 billion in 2003". The team has just reported back.

Intellectual Property: Patents hit the auction block

A Chicago merchant bank will take a new twist on selling intellectual property next week when it holds a live auction to sell 400-plus patents from some of the most valued technology innovators in the world. Lori Valigra looks at the list.

Scotland's 'Interface' links businesses, researchers

The Scottish Funding Council has put up £870,000 in an initiative to provide a single point of access for matching the know-how within the country's 20 universities and research institutions with the needs of small- and medium-sized enterprises.

Funding: UK on the lookout for value for money

The UK budget last week set out measures to extract more value, improve quality and increase innovation from the billions the government spends on science. Nuala Moran looks into the small print.