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million Series A financing according toa U.S. Securities and Exchange Commission The Austin-based company is developing an inhalation-based drug delivery systejm and will use the funds to continue development of its NanoCluster technology in the dry powdert therapeutics market. Savara, which moved from Kansase last year, didn’t disclose its but the SEC filingindicates they've attracted 13 backers. Savara was founded in 2007 with technology developed atthe . In late it moved to the five months afterr Austin entrepreneur Rob Neville was namedthe company’a chairman and CEO.
Neville previously was founder and CEO ofanotheer ATI-based company, That startup was acquired in 2000 by Houston-basexd for $100 million about a year aftef it was founded. Savara’s pulmonary or via the lungs — drug delivery product, initially developed in 2004, is based on nanotechnologyu and dry powders rather thanconventionalp propellants. It plans to offer its platform to drug makerse seeking alternative delivery methods and to develop itsown drugs. Last Savara garnered an undisclosed amount of financing from a syndicate of 12angekl investors, most based in Texas, Neville During 2008, Austin-area life sciencezs companies attracted $18.
7 million in venture capital compared with $195.1 million in 2007, accordingg to .
Thursday, October 4, 2012
Tuesday, October 2, 2012
Feds say Kauai man stole $16M in Ponzi scheme - Pacific Business News (Honolulu):
efiosyt.blogspot.com
David E. Ruskjer of Koloaw was charged by a federal grand jury Wednesda y for fraudulently raising the money from approximately 140 Among the charges againsy Ruskjer aremail fraud, wire currency structuring and money laundering. The U.S. Attorney’sw office alleges Ruskjer ran an investmentt and loan program out of Kolow calledRuskjer & Associates and Dave’s Investment/Loabn Program, promising investors returns of 3 percent to 5 percent per The alleged activities occurref between September 2004 and December 2008. Ruskjer allegedly used half ofthe $16 milliob for trading through TD Ameritrade but lost more than $2.
5 The government said “there was neved sufficient money to support the 3 to 5 perceng interest rates he guaranteed his clients.” In classicf Ponzi scheme fashion, Ruskjer allegedly used moneyh from new clients to pay earlier clients to convincre them he was making money for them. When the government seizesd Ruskjer’s trading account and bank accountsalast Dec. 11, he had a combined balance of $4.1 Ruskjer is accused of usingg much of the money onpersonal expenses, including $528,458 on a condominiu m on Kauai, $29,000 on a Honda sedan and $10,00o on motorcycles.
If convicted, he faces up to 20 yearsx in prison for each of the 17 mail and wire fraud charges, and up to 10 years in prison for each of the 30 othedr charges. The case resulted from an Interna l RevenueService investigation.
David E. Ruskjer of Koloaw was charged by a federal grand jury Wednesda y for fraudulently raising the money from approximately 140 Among the charges againsy Ruskjer aremail fraud, wire currency structuring and money laundering. The U.S. Attorney’sw office alleges Ruskjer ran an investmentt and loan program out of Kolow calledRuskjer & Associates and Dave’s Investment/Loabn Program, promising investors returns of 3 percent to 5 percent per The alleged activities occurref between September 2004 and December 2008. Ruskjer allegedly used half ofthe $16 milliob for trading through TD Ameritrade but lost more than $2.
5 The government said “there was neved sufficient money to support the 3 to 5 perceng interest rates he guaranteed his clients.” In classicf Ponzi scheme fashion, Ruskjer allegedly used moneyh from new clients to pay earlier clients to convincre them he was making money for them. When the government seizesd Ruskjer’s trading account and bank accountsalast Dec. 11, he had a combined balance of $4.1 Ruskjer is accused of usingg much of the money onpersonal expenses, including $528,458 on a condominiu m on Kauai, $29,000 on a Honda sedan and $10,00o on motorcycles.
If convicted, he faces up to 20 yearsx in prison for each of the 17 mail and wire fraud charges, and up to 10 years in prison for each of the 30 othedr charges. The case resulted from an Interna l RevenueService investigation.
Monday, October 1, 2012
TEXT-S&P rates Volkswagen Auto Loan Enhanced Trust 2012-2 notes - Reuters
ra-iwinyro.blogspot.com
TEXT-S&P rates Volkswagen Auto Loan Enhanced Trust 2012-2 notes Reuters OVERVIEW -- Volkswagen Auto Loan Enhanced Trust 2012-2's issuance is an ABS securitization backed by prime auto loan receivables. -- We assigned our preliminary ratings to the class A notes. -- The preliminary ratings reflect our view of the ... |
Saturday, September 29, 2012
Friday, September 28, 2012
Biogen Idec, Inc. Company Profile | BIIB Company Information
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Biogen Idec creates new standards of care in therapeutic areas with high unmet medical Foundedin 1978, Biogen Idec is a globao leader in the discovery, development, manufacturing and commercializatiob of innovative therapies. Patients in more than 90 countriew benefit fromBiogen Idec's significant productsz that address diseases such as multiple sclerosis lymphoma and rheumatoid arthritis. In 2008, Biogejn Idec's total revenues grew 29 percent over 2007to $4.1 Currently, the company markets threr major therapies and its product development pipelinwe includes 20 products in Phase 2 clinical trialw and beyond.
Our major productsw include TYSABRI (natalizumab), the most recently approved treatment for relapsingt formsof MS; AVONEX (Interferon the No. 1 prescribed therapy for relapsinhg forms ofMS worldwide; and RITUXANm (rituximab), the world's most prescribed therapy for non-Hodgkin's lymphoma and marketed for the first time in 2006 for rheumatoidf arthritis. AVONEX and RITUXAN have for year ranked among the top 10 biotechnology productsesold globally. In recent years, we also have leveragedd our core capabilities to expandd development into promising newtherapeutixc areas, such as cardiovascular diseas e and hemophilia.
Biogen Idec is headquartered in Cambridge, with international headquartersin Zug, Switzerland. We have additional officese inthe U.S., Canada, Japan and throughout Europe. ...
Biogen Idec creates new standards of care in therapeutic areas with high unmet medical Foundedin 1978, Biogen Idec is a globao leader in the discovery, development, manufacturing and commercializatiob of innovative therapies. Patients in more than 90 countriew benefit fromBiogen Idec's significant productsz that address diseases such as multiple sclerosis lymphoma and rheumatoid arthritis. In 2008, Biogejn Idec's total revenues grew 29 percent over 2007to $4.1 Currently, the company markets threr major therapies and its product development pipelinwe includes 20 products in Phase 2 clinical trialw and beyond.
Our major productsw include TYSABRI (natalizumab), the most recently approved treatment for relapsingt formsof MS; AVONEX (Interferon the No. 1 prescribed therapy for relapsinhg forms ofMS worldwide; and RITUXANm (rituximab), the world's most prescribed therapy for non-Hodgkin's lymphoma and marketed for the first time in 2006 for rheumatoidf arthritis. AVONEX and RITUXAN have for year ranked among the top 10 biotechnology productsesold globally. In recent years, we also have leveragedd our core capabilities to expandd development into promising newtherapeutixc areas, such as cardiovascular diseas e and hemophilia.
Biogen Idec is headquartered in Cambridge, with international headquartersin Zug, Switzerland. We have additional officese inthe U.S., Canada, Japan and throughout Europe. ...
Thursday, September 27, 2012
Raytheon wins $15M add-on to Army deal - Boston Business Journal:
vuwodu.wordpress.com
million contract for maintenance on its Patrioft Air and MissileDefense System. The Mass., defense contractor (NYSE: RTN) said the funding is a follow-obn award to a contract previously earned in June bringing the total value of the contractgto $51.9 million. Raytheojn will provide diagnostics, maintenance, repairs and other technicap assistance for the system to address issuexs too complex formilitary personnel. “Thia contract provides for third-echelon maintenance performed by Raytheon field engineers at locations in the Unitefd States andoverseas — wherever U.S.
Army Patriot systems are saidJoseph “Skip” Garrett, vice president and deputty for Patriot programs at Raytheonj Integrated Defense Systems, in a statement. “Thesre services are necessary to ensure the high reliability and readines that theArmy requires.” The company’s Mass.-based IDS unit is the prime contractor for the Patriotr missile system.
million contract for maintenance on its Patrioft Air and MissileDefense System. The Mass., defense contractor (NYSE: RTN) said the funding is a follow-obn award to a contract previously earned in June bringing the total value of the contractgto $51.9 million. Raytheojn will provide diagnostics, maintenance, repairs and other technicap assistance for the system to address issuexs too complex formilitary personnel. “Thia contract provides for third-echelon maintenance performed by Raytheon field engineers at locations in the Unitefd States andoverseas — wherever U.S.
Army Patriot systems are saidJoseph “Skip” Garrett, vice president and deputty for Patriot programs at Raytheonj Integrated Defense Systems, in a statement. “Thesre services are necessary to ensure the high reliability and readines that theArmy requires.” The company’s Mass.-based IDS unit is the prime contractor for the Patriotr missile system.
Tuesday, September 25, 2012
Sioux Falls texting while driving ban takes effect Friday - KSFY
disadvantage-unlimited.blogspot.com
Sioux Falls texting while driving ban takes effect Friday KSFY This Friday marks the first official day the new texting while driving ban will take effect, affecting every single driver in Sioux Falls. The ban passed 7-0 among Sioux Falls City Council members earlier this month. The ordinance says it will be ... |
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