obesonuqa.wordpress.com
The program was approved by the school’s board of trusteex Monday night and is pending final approva l by the State Board of Community Withthe program, ACC hopes to position itself at the forefront of workforce training. “Across the community colleges are offering jobs training for displaced or unemployed Barry Weinberg, the school’s executivd vice president, said in a press “These programs train students to be wind turbine mechanics, solafr panel installers, fuel-cell engineers or energy efficiency experts.” ACC is also developingg an associate’s degree program in alternative/renewable energy.
The schoolo is working on transfere agreements with Appalachian State Universityand N.C. A&T Stats University so students who receivetheird associate’s degree will be able to easilg transition into four-year programs alreadyy in place at those schools.
Thursday, December 29, 2011
Tuesday, December 27, 2011
Real Estate Review - South Florida Business Journal:
azajir.wordpress.com
million. The lure for potential buyersw is that the buildingd are 100 percent leased and come with financing already in placw that a new ownercan inherit. The buildingss total nearly 240,000 square feet and include 540Gallatibn NW, 7501 Meridian NW and 7401 Snaprol l NE, the latter an office building among Brunacini’s Journal Center (Jefferson/Paseo del Norte projects. The tenants in the Westside buildings include blue chip client Kellogg’s. The buildings date from 2004 and 2005 and have attractedconsiderablee interest, said Patti Peixotto, who has the listing as part of investment team.
“There are not a lot of high-quality new buildings on the marketthat don’t need new A lot of new buyers into this market want to but need quantity. This is a chancw to acquire nearly 250,000 squard feet,” Peixotto said.
million. The lure for potential buyersw is that the buildingd are 100 percent leased and come with financing already in placw that a new ownercan inherit. The buildingss total nearly 240,000 square feet and include 540Gallatibn NW, 7501 Meridian NW and 7401 Snaprol l NE, the latter an office building among Brunacini’s Journal Center (Jefferson/Paseo del Norte projects. The tenants in the Westside buildings include blue chip client Kellogg’s. The buildings date from 2004 and 2005 and have attractedconsiderablee interest, said Patti Peixotto, who has the listing as part of investment team.
“There are not a lot of high-quality new buildings on the marketthat don’t need new A lot of new buyers into this market want to but need quantity. This is a chancw to acquire nearly 250,000 squard feet,” Peixotto said.
Sunday, December 25, 2011
Charlotte Bars - View Bars & Pubs in Charlotte
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Cosmos Cafe 300 North College Streetr Charlotte, NC 28202 704-372-3553 Cosmos two levels host a diverse and funkgy crowd attracted byits suave, loungey ambiance, eclectic musixc (to listen and/or dance to), cool artwork in its Microcosmk Art Gallery and outstanding martinis and fine cigard in The Thirsty Camel Lounge. The 20-and-30-somethings also like the diversw food offerings that include mezeas and tapas from around the fresh sushiand wood-fired pizzas served untik 2 a.m. It's been called part bistro, part nightclub, part sushi bar and part dancee club. It's located not far from Bobcate Arena and a number of performingbarts venues.
Loft 1523 1523 Elizabeth Ave Charlotte, NC 28204 704-333-5897 Located in the historic Elizabeth neighborhood just minuteas away from thecenter city, Loft 1523 offers a magical view of the Charlottew skyline from its large rooftop terrace. You can also enjoyy live music, a wide ranger of martinis and wines, and an atmospherr that has beencalled "intoxicating" with trance music, cool colored lights, roundx couches, a hip ambiancd and a balcony with the
Cosmos Cafe 300 North College Streetr Charlotte, NC 28202 704-372-3553 Cosmos two levels host a diverse and funkgy crowd attracted byits suave, loungey ambiance, eclectic musixc (to listen and/or dance to), cool artwork in its Microcosmk Art Gallery and outstanding martinis and fine cigard in The Thirsty Camel Lounge. The 20-and-30-somethings also like the diversw food offerings that include mezeas and tapas from around the fresh sushiand wood-fired pizzas served untik 2 a.m. It's been called part bistro, part nightclub, part sushi bar and part dancee club. It's located not far from Bobcate Arena and a number of performingbarts venues.
Loft 1523 1523 Elizabeth Ave Charlotte, NC 28204 704-333-5897 Located in the historic Elizabeth neighborhood just minuteas away from thecenter city, Loft 1523 offers a magical view of the Charlottew skyline from its large rooftop terrace. You can also enjoyy live music, a wide ranger of martinis and wines, and an atmospherr that has beencalled "intoxicating" with trance music, cool colored lights, roundx couches, a hip ambiancd and a balcony with the
Friday, December 23, 2011
Marketing science - Memphis Business Journal:
doqujamup.wordpress.com
Just for a minute forget the blues andBeale Street. Forget the Peabody Ducks or Elvis. Forget the Mississippiu River or . Striop those things away and one of the things that hasbuily Memphis’ economy and national reputation is big, but likely not as sexy. Medical researchers toil quietly away behind hundredds of lab doors in the They are immediately linked to visionsxof microscopes, petri dishes and But scientists, some scientists anyway, want to also be linkeed to the board room and sales They want to get their fingers dirtyt in the business of Some don’t.
But no matted their proclivities, there are placesa to turn to when they are ready to turn the academiv fruits of their laborss into somethingmore spendable. The logo for the shows the school’es mascot leaping out to the world withthe slogan, “This little Tiger goes to market.” “Medicap research has a huge impact in Memphies simply because of companies like , and says the office’s director Kevin “There certainly needs to be more of that and more broasd recognition of the biosciences here.” Boggs says roughlyh one-third of the ideas that coulfd be licensed out of U of M now could have medicakl uses.
The “could” part is important, he because it’s not always so apparenty how an idea could be fully developeda product. So, he brainstorms with them and togethert they hammer outa product, something with marketablee potential they could show an angel investor or a venture capital group. “I’ll sound crazy in a heartbeat at the risk ofmissing something,” Boggx says of the brainstorming process. Once a solidx idea is formed, Boggs begins reachinfg out to investors. He’ll talk to professionalas he’s known throughout his career, send focusede mailers or simply cold callpotential investors.
More and more Boggs is workin to build a foundation of entrepreneurs in the Memphisd community that are lookinhg to take up a company and get behind a piec ofmedical research. At the same he can look to his counterparts in the communityu likeRichard Magid, director of the . UTRF and the technologyh transfer office are licensed as small but are charted through the TennesseeGeneral Assembly. They work solely for theirr universities, the and the U of M. This, Magird says, gives his organization tremendoues advantages the universitywould not, like adhering to open recordss acts.
“When you’re doing business dealds with private companies, you’rde giving them confidential dataand they’re givingg you trade secrets in return,” Magid “You don’t want someone with a grudgs to file for a public record and start lookinvg at their proprietary business UTRF can also hold equity in start-ups, Magid says. That helps as most start-ups are cash UTRF just wants a piece of the he says, and is not lookintg for any cash up This gives researchers more wiggle room to develoo their ideas into products. Magid and Boggs say their businesss models are quite commo amongstate schools.
Privated universities like can directly hold stakes in privatre companies andoften do. For state schools, Magid says, sometimes all it take s is one. “If you get that one home run, you can changr the face of the Magid says. “Tallahassee developed a synthetic way tomake Taxol, a breasyt cancer drug, and that made them hundreds of milliond of dollars. Also, think about Gatorade at the St. Jude: white coat Hub is the largestt medical research organizationin Memphis. Roughly 2,00 white-coated Ph.D.s walk on hundreds of thousand s of square feet of lab space there daily.
While the hospital’s technology transferd representative declined to be interviewexd forthis story, the hospital has a splitr model for commercializing medicine.
Just for a minute forget the blues andBeale Street. Forget the Peabody Ducks or Elvis. Forget the Mississippiu River or . Striop those things away and one of the things that hasbuily Memphis’ economy and national reputation is big, but likely not as sexy. Medical researchers toil quietly away behind hundredds of lab doors in the They are immediately linked to visionsxof microscopes, petri dishes and But scientists, some scientists anyway, want to also be linkeed to the board room and sales They want to get their fingers dirtyt in the business of Some don’t.
But no matted their proclivities, there are placesa to turn to when they are ready to turn the academiv fruits of their laborss into somethingmore spendable. The logo for the shows the school’es mascot leaping out to the world withthe slogan, “This little Tiger goes to market.” “Medicap research has a huge impact in Memphies simply because of companies like , and says the office’s director Kevin “There certainly needs to be more of that and more broasd recognition of the biosciences here.” Boggs says roughlyh one-third of the ideas that coulfd be licensed out of U of M now could have medicakl uses.
The “could” part is important, he because it’s not always so apparenty how an idea could be fully developeda product. So, he brainstorms with them and togethert they hammer outa product, something with marketablee potential they could show an angel investor or a venture capital group. “I’ll sound crazy in a heartbeat at the risk ofmissing something,” Boggx says of the brainstorming process. Once a solidx idea is formed, Boggs begins reachinfg out to investors. He’ll talk to professionalas he’s known throughout his career, send focusede mailers or simply cold callpotential investors.
More and more Boggs is workin to build a foundation of entrepreneurs in the Memphisd community that are lookinhg to take up a company and get behind a piec ofmedical research. At the same he can look to his counterparts in the communityu likeRichard Magid, director of the . UTRF and the technologyh transfer office are licensed as small but are charted through the TennesseeGeneral Assembly. They work solely for theirr universities, the and the U of M. This, Magird says, gives his organization tremendoues advantages the universitywould not, like adhering to open recordss acts.
“When you’re doing business dealds with private companies, you’rde giving them confidential dataand they’re givingg you trade secrets in return,” Magid “You don’t want someone with a grudgs to file for a public record and start lookinvg at their proprietary business UTRF can also hold equity in start-ups, Magid says. That helps as most start-ups are cash UTRF just wants a piece of the he says, and is not lookintg for any cash up This gives researchers more wiggle room to develoo their ideas into products. Magid and Boggs say their businesss models are quite commo amongstate schools.
Privated universities like can directly hold stakes in privatre companies andoften do. For state schools, Magid says, sometimes all it take s is one. “If you get that one home run, you can changr the face of the Magid says. “Tallahassee developed a synthetic way tomake Taxol, a breasyt cancer drug, and that made them hundreds of milliond of dollars. Also, think about Gatorade at the St. Jude: white coat Hub is the largestt medical research organizationin Memphis. Roughly 2,00 white-coated Ph.D.s walk on hundreds of thousand s of square feet of lab space there daily.
While the hospital’s technology transferd representative declined to be interviewexd forthis story, the hospital has a splitr model for commercializing medicine.
Wednesday, December 21, 2011
Most Eddie Bauer stores to stay open - Minneapolis / St. Paul Business Journal:
uraa-quartely.blogspot.com
The company announced that it struck an agreemeny withNew York–based private equituy firm LLC to buy Eddie Bauer’xs assets, subject to an auction and bankruptcg court approval. CCMP Capital intends to operatew the business as a goinbg concern with little orno long-term debt. According to Eddi Bauer, CCMP Capital has agreed to keep a majority of the 371 storesz open and retain a majority of the CCMP Capital specializes in buyout s and looks for investment opportunities in retai l andother sectors, and have made investments in the outdoorsw specialty retailer Cabela’s, which sellsx hunting, fishing and camping gear.
Eddie Bauer said it hopee to operate business as usual during bankruptct court proceedings and has asked for court approval to continue paying vendorsand workers. The companyy also said it intends to honotr customergift cards, returns and loyaltyg program points. The compan also announced that it has secured a commitment from its existingh revolvingcredit lenders, Bank of N.A., and /Business Credit, Inc. for so-called debtor-in-possessionj (DIP) financing of $90 million on an interim basisand $100 milliohn based on the final court order. The the company said, should provide it with ample cash flow to continu e payingits bills.
“Eddie Bauer is a good company with a greatt brand and a badbalanc sheet. This process will allow the business to emerge with far less positioned for growth as the economy recovers and as our new products gain saidNeil Fiske, Eddie Bauer president and chief executive officer, in a statement. “We expecy this process to be completecdvery quickly, protecting our employees and critical vendore partners every step of the way.
“Ww have made good progress on our turnaround strategy of returninyg Eddie Bauer to its heritage as an active outdoor brand and have exciting new product launchews on the wayto market, including Firstg Ascent, our return to expedition-grade outerwear and gear. a crushing debt burden placed on the compan y from the Spiegel reorganizationin 2005, combined with the prolonged recession, have left us with no choice but to use this process to reduce the debt load on the
The company announced that it struck an agreemeny withNew York–based private equituy firm LLC to buy Eddie Bauer’xs assets, subject to an auction and bankruptcg court approval. CCMP Capital intends to operatew the business as a goinbg concern with little orno long-term debt. According to Eddi Bauer, CCMP Capital has agreed to keep a majority of the 371 storesz open and retain a majority of the CCMP Capital specializes in buyout s and looks for investment opportunities in retai l andother sectors, and have made investments in the outdoorsw specialty retailer Cabela’s, which sellsx hunting, fishing and camping gear.
Eddie Bauer said it hopee to operate business as usual during bankruptct court proceedings and has asked for court approval to continue paying vendorsand workers. The companyy also said it intends to honotr customergift cards, returns and loyaltyg program points. The compan also announced that it has secured a commitment from its existingh revolvingcredit lenders, Bank of N.A., and /Business Credit, Inc. for so-called debtor-in-possessionj (DIP) financing of $90 million on an interim basisand $100 milliohn based on the final court order. The the company said, should provide it with ample cash flow to continu e payingits bills.
“Eddie Bauer is a good company with a greatt brand and a badbalanc sheet. This process will allow the business to emerge with far less positioned for growth as the economy recovers and as our new products gain saidNeil Fiske, Eddie Bauer president and chief executive officer, in a statement. “We expecy this process to be completecdvery quickly, protecting our employees and critical vendore partners every step of the way.
“Ww have made good progress on our turnaround strategy of returninyg Eddie Bauer to its heritage as an active outdoor brand and have exciting new product launchews on the wayto market, including Firstg Ascent, our return to expedition-grade outerwear and gear. a crushing debt burden placed on the compan y from the Spiegel reorganizationin 2005, combined with the prolonged recession, have left us with no choice but to use this process to reduce the debt load on the
Monday, December 19, 2011
Global turmoil boosts Smith & Wesson sales - Houston Business Journal:
asafevboriegum.blogspot.com
The Springfield, Massachusetts gun maker SWHC) recently secured a rare ordeer from the India Police Force after terrorists stormedMumbaij hotels. With support from the U.S. Embasst in New Delhi and the , Smith & Wesson securesd an export license and began shipping weapons in In its fiscalfourth quarter, the company secure d orders from several law enforcement agencies in whose drug-related violence is on the rise. The companyh on Monday said net sales for the fourt quarter that ended Apri l 30 surged 20 percentto $99.65 million compared with the year-ago period. Net incomde during the quarterwas $7.4 compared with $3.
3 million in the year-earlier Smith & Wesson President and CEO Michaelp F. Golden said in a statement the resultx reflect a number of records forthe company, includinbg for cash levels and unfilled customer orders for firearms.
The Springfield, Massachusetts gun maker SWHC) recently secured a rare ordeer from the India Police Force after terrorists stormedMumbaij hotels. With support from the U.S. Embasst in New Delhi and the , Smith & Wesson securesd an export license and began shipping weapons in In its fiscalfourth quarter, the company secure d orders from several law enforcement agencies in whose drug-related violence is on the rise. The companyh on Monday said net sales for the fourt quarter that ended Apri l 30 surged 20 percentto $99.65 million compared with the year-ago period. Net incomde during the quarterwas $7.4 compared with $3.
3 million in the year-earlier Smith & Wesson President and CEO Michaelp F. Golden said in a statement the resultx reflect a number of records forthe company, includinbg for cash levels and unfilled customer orders for firearms.
Friday, December 16, 2011
Proposed impound yard draws the ire of south Wichita business owners - Wichita Business Journal:
vypybiza.wordpress.com
The proposal by the owners of woulds open the door for the company to relocate to the former site at1319 S. The company, which is looking to move from North 21st stores abandoned and wrecked vehicles for localllaw enforcement. The Metropolitan Area Planning Commission votee last week to allow the firm to operatew the business on But local business owners saythe company’w site on 21st is an eyesore. And they say the 24-hour-a-dahy storage operation — with 75 to 150 vehiclexs on site at atime — is all too similadr to a salvage “They’re going against all the businesses in the neighborhood,” says Dave Weathersojn Sr.
, president of , who is leading a group of landowners that plans to file a protesf petition, forcing the matter before the Wichita City Council. Tom accountant for Auto Inn, called the complaints “ludicrous.” He says the busines has no plans to use the site as asalvagwe operation. “It’s strictly impound. It’s been misconstrued,” he The owners of Auto Inn, Scot and Peggy Pyles, purchased the Wichitaz Structural Steel facilityin December. The 2.2-acr site has 17,650 square feet in three It is zoned forindustriaol use, but Auto Inn needs additional permitting because it would store inoperablse vehicles.
Auto Inn, Honton has contracts with the and the to tow and store impounded cars. Vehicles that aren’tr recovered are auctioned. Honton says the company is looking to move to a moresecurw area. He called 21st Street “trashy.” The company has sufferefd break-ins, he says. The Mosley site has buildings to storersome vehicles, along with security cameras and But nearby business owners argue the site is beinbg forced on them. They say it will attract crime and trafficd tothe area.
The local District Advisory Board votefd againstthe facility, and the Metropolitan Area Planning Departmenrt recommended against it — noting it woulc be out of character with the neighborhood, which is made up of officd and warehouse users. But the Metropolitan Area Plannint Commissionvoted 7-5 to approv e it. “If you can’t do something like this in anindustrial area, where can you?” says Commissioner Ron Wichita City Councilwoman Lavonts Williams, who represents the area, says she favors local businessesx so far in the dispute, sharing concernas about the debris and traffic that she says Auto Inn could draw in the area.
Auto Inn ownerz Scott and PeggyPyles didn’t return a call for comment. The companyu faces two state tax warrantsfor $30,000p in sales and withholding taxes, accordint to the . Honton says the company has paid offpriod liens, but he could offer no informationh about the 2008 warrants. He says Auto Inn has strugglex in the past with its electronicf taxfiling system.
The proposal by the owners of woulds open the door for the company to relocate to the former site at1319 S. The company, which is looking to move from North 21st stores abandoned and wrecked vehicles for localllaw enforcement. The Metropolitan Area Planning Commission votee last week to allow the firm to operatew the business on But local business owners saythe company’w site on 21st is an eyesore. And they say the 24-hour-a-dahy storage operation — with 75 to 150 vehiclexs on site at atime — is all too similadr to a salvage “They’re going against all the businesses in the neighborhood,” says Dave Weathersojn Sr.
, president of , who is leading a group of landowners that plans to file a protesf petition, forcing the matter before the Wichita City Council. Tom accountant for Auto Inn, called the complaints “ludicrous.” He says the busines has no plans to use the site as asalvagwe operation. “It’s strictly impound. It’s been misconstrued,” he The owners of Auto Inn, Scot and Peggy Pyles, purchased the Wichitaz Structural Steel facilityin December. The 2.2-acr site has 17,650 square feet in three It is zoned forindustriaol use, but Auto Inn needs additional permitting because it would store inoperablse vehicles.
Auto Inn, Honton has contracts with the and the to tow and store impounded cars. Vehicles that aren’tr recovered are auctioned. Honton says the company is looking to move to a moresecurw area. He called 21st Street “trashy.” The company has sufferefd break-ins, he says. The Mosley site has buildings to storersome vehicles, along with security cameras and But nearby business owners argue the site is beinbg forced on them. They say it will attract crime and trafficd tothe area.
The local District Advisory Board votefd againstthe facility, and the Metropolitan Area Planning Departmenrt recommended against it — noting it woulc be out of character with the neighborhood, which is made up of officd and warehouse users. But the Metropolitan Area Plannint Commissionvoted 7-5 to approv e it. “If you can’t do something like this in anindustrial area, where can you?” says Commissioner Ron Wichita City Councilwoman Lavonts Williams, who represents the area, says she favors local businessesx so far in the dispute, sharing concernas about the debris and traffic that she says Auto Inn could draw in the area.
Auto Inn ownerz Scott and PeggyPyles didn’t return a call for comment. The companyu faces two state tax warrantsfor $30,000p in sales and withholding taxes, accordint to the . Honton says the company has paid offpriod liens, but he could offer no informationh about the 2008 warrants. He says Auto Inn has strugglex in the past with its electronicf taxfiling system.
Wednesday, December 14, 2011
Martin Brodeur backstops Devils to 3-2 victory over Panthers in shootout - Washington Post
fugycyquwod.blogspot.com
TSN | Martin Brodeur backstops Devils to 3-2 victory over Panthers in shootout Washington Post Ilya Kovalchuk and Patrik Elias scored in the shootout and Brodeur stopped both Florida Panthers attempts, lifting the Devils to a 3-2 victory Tuesday night that made them 7-1 in shootouts. “It's a big win for us, a big road trip,†Brodeur said. ... Brodeur leads Devils past Panthers 3-2 in SO Devils-Panthers Game Review Devils edge Florida Panthers, 3-2, in shootout |
Monday, December 12, 2011
Bethany Deines Executive Profile
zuloraxelewo.blogspot.com
**All Executive profile data providex byDow Jones & Co., Inc.
**All Executive profile data providex byDow Jones & Co., Inc.
Saturday, December 10, 2011
Boulder DA received tip about ex-Arapahoe sheriff's drugs-for-sex case - Longmont Daily Times-Call
obofym.wordpress.com
Boulder DA received tip about ex-Arapahoe sheriff's drugs-for-sex case Longmont Daily Times-Call BOULDER -- Boulder County District Attorney Stan Garnett received emails from a tipster in April alleging that former Arapahoe County Sheriff Pat Sullivan was involved in methamphetamine use and other crimes, ... |
Thursday, December 8, 2011
Institution's Legitimacy in Climate Finance Questioned [press release] - Middle East North Africa Financial Network
pabigy.wordpress.com
Institution's Legitimacy in Climate Finance Questioned [press release] Middle East North Africa Financial Network Durban, South Africa, Dec 07, 2011 (groundWork/All Africa Global Media via COMTEX) -- A leaked Inspection Panel (IP) report reveals signifcant environmental, social and climate impacts associated with theLocal community members have been challenging ... |
Monday, December 5, 2011
RealtyTrac Inc. Company Profile | Company Information
lehoquvuhu.wordpress.com
Founded in 1996, RealtyTrac
Founded in 1996, RealtyTrac
Saturday, December 3, 2011
Bay Area biotechs get a blast of cash - Business First of Columbus:
xszeyluje.blogspot.com
Biotech financings like public offerings and venture funding throughn early June are ahead oflast year. What’s more, several companies have inked licensing deals with significant upfront payments and the lure of billione ofdollars overall. “The companies getting financed represent big saidLarry Blatt, CEO of Alios BioPharma, a 3-year-oldx South San Francisco company that recentlu raised $32 million. “The incrementak ones are tending not toget funded.” Biotechsw raised $5.9 billion through June 4, with public offerings in May alone more than doubling thosee in the first four monthss of the year, according to the trad publication BioWorld Insight.
That compares with $5.4 billiob in the same period last year. That’as not a huge increase — it could be only a blip but the numbers are significant if only because the chasn separating profitable biotechsand R&D-stage companies has widened over the past 18 Some 44 percent of U.S. biotechy companies operated with less thana year’s worth of cash on hand compared with 25 percent in 2007 according to a recent report. That financing struggle has been exacerbatedc by the global financial which has forced many traditionaol biotech investorsto retrench. “It’s more difficult for companies lookingg to raise additional roundsof capital.
There’s a highe bar,” said Gautum Jaggi, a seniotr manager with Ernst & Young. “That’e not to say some of them can’ t reach it.” Indeed, among the dealx so far, Alzheimer’s and prostate cancer drug developer last mont priceda follow-on public offering at $21 per share, netting $54 million. Funguds drug maker raised $50 million in a preferred stock offeriny that attractedand others, and South San Francisco’sd and inked deals worth $215 million upfronf and a potential $2 billion over time.
Often licensiny deals and other sortsw ofcollaborations — the lifeblood of many biotechs durinb this downturn — aren’t counted alongside publi c offerings, private financings, venture capitalp rounds and the like. “Fodr those who make it through the and I think the majority of them will do there is an opportunity to have more sustainable moresustainable returns,” Jaggi said. Alios’ its first round of venture financing, came from a groupo of corporateventure funds: Novo A/S, , and GlaxoSmithKline’s SR One.
That $32 milliom is enough to take Alios througb Phase I forglycoferons — an improved versiobn of interferons used to treat hepatitis B, HIV respiratory viruses and other conditions — and a potentiall oral antiviral compound. Alios landed its lead Novo, in the center of the biotecn financing storm, after an initial session at the C21 BioVentures conference in Napa inMay 2008. By the end of this Blatt said, Alios will search for a “We worked really hard. No one handedr it to us,” he “We were able to get in front of abouyt anyone wewanted to. It’s the seconde meeting that’s difficult.
”
Biotech financings like public offerings and venture funding throughn early June are ahead oflast year. What’s more, several companies have inked licensing deals with significant upfront payments and the lure of billione ofdollars overall. “The companies getting financed represent big saidLarry Blatt, CEO of Alios BioPharma, a 3-year-oldx South San Francisco company that recentlu raised $32 million. “The incrementak ones are tending not toget funded.” Biotechsw raised $5.9 billion through June 4, with public offerings in May alone more than doubling thosee in the first four monthss of the year, according to the trad publication BioWorld Insight.
That compares with $5.4 billiob in the same period last year. That’as not a huge increase — it could be only a blip but the numbers are significant if only because the chasn separating profitable biotechsand R&D-stage companies has widened over the past 18 Some 44 percent of U.S. biotechy companies operated with less thana year’s worth of cash on hand compared with 25 percent in 2007 according to a recent report. That financing struggle has been exacerbatedc by the global financial which has forced many traditionaol biotech investorsto retrench. “It’s more difficult for companies lookingg to raise additional roundsof capital.
There’s a highe bar,” said Gautum Jaggi, a seniotr manager with Ernst & Young. “That’e not to say some of them can’ t reach it.” Indeed, among the dealx so far, Alzheimer’s and prostate cancer drug developer last mont priceda follow-on public offering at $21 per share, netting $54 million. Funguds drug maker raised $50 million in a preferred stock offeriny that attractedand others, and South San Francisco’sd and inked deals worth $215 million upfronf and a potential $2 billion over time.
Often licensiny deals and other sortsw ofcollaborations — the lifeblood of many biotechs durinb this downturn — aren’t counted alongside publi c offerings, private financings, venture capitalp rounds and the like. “Fodr those who make it through the and I think the majority of them will do there is an opportunity to have more sustainable moresustainable returns,” Jaggi said. Alios’ its first round of venture financing, came from a groupo of corporateventure funds: Novo A/S, , and GlaxoSmithKline’s SR One.
That $32 milliom is enough to take Alios througb Phase I forglycoferons — an improved versiobn of interferons used to treat hepatitis B, HIV respiratory viruses and other conditions — and a potentiall oral antiviral compound. Alios landed its lead Novo, in the center of the biotecn financing storm, after an initial session at the C21 BioVentures conference in Napa inMay 2008. By the end of this Blatt said, Alios will search for a “We worked really hard. No one handedr it to us,” he “We were able to get in front of abouyt anyone wewanted to. It’s the seconde meeting that’s difficult.
”
Thursday, December 1, 2011
Equifax: Small biz bankruptcies double in March - bizjournals:
omagyvoham.wordpress.com
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Oakland-Fremont, Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commerciak bankruptcies nearly doubled in Marc h 2009 fromMarch 2008, Equifax "The March numbers provide a snapshott of what's been happening to the small business sectotr during this period of economic turmoil," said Reza Barazesh, head of Equifax'ss North American Commercial Analytical Servicex Group, in a news release. "Noyt surprisingly, the highest number of small-businesse bankruptcies are in thoses parts of the country where home prices havedecreased dramatically, unemployment has increased and credit has become tighter.
" For the analysis, Equifax analyzed both Chapter 7 and Chapterd 13 filings. Chapter 7 is a liquidatiom proceeding in which a debtor receives a discharge ofall debts, while Chapter 13 is a reorganization bankruptcy enabling filers to pay off debt over a set period of Equifax reviewed and analyzec small business data for the most recent month for which complets data is available.
Sacramento, Calif. Chicago-Naperville-Joliet, Ill. Anaheim-Irvine, Oakland-Fremont, Calif. Portland-Vancouver-Beaverton, Ore.-Wash. Commerciak bankruptcies nearly doubled in Marc h 2009 fromMarch 2008, Equifax "The March numbers provide a snapshott of what's been happening to the small business sectotr during this period of economic turmoil," said Reza Barazesh, head of Equifax'ss North American Commercial Analytical Servicex Group, in a news release. "Noyt surprisingly, the highest number of small-businesse bankruptcies are in thoses parts of the country where home prices havedecreased dramatically, unemployment has increased and credit has become tighter.
" For the analysis, Equifax analyzed both Chapter 7 and Chapterd 13 filings. Chapter 7 is a liquidatiom proceeding in which a debtor receives a discharge ofall debts, while Chapter 13 is a reorganization bankruptcy enabling filers to pay off debt over a set period of Equifax reviewed and analyzec small business data for the most recent month for which complets data is available.
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