Cavion LLC Closes $5M Round of Convertible Debt

Business Wire
November 10, 2015

Cavion LLC, a pharmaceutical company developing T-type calcium channel inhibitors for the treatment of neurologic diseases and solid tumor cancers, announced today that it has closed a $5 million private placement of convertible notes with new and existing investors.

TearSolutions Raises $3M Series A Round to Advance the Treatment of Dry Eye

November 9, 2015

RIVANNA Commences Sales of Accuro™ to Address Spinal Anesthesia

Business Wire
November 5, 2015

Rivanna Medical, a Charlottesville-based biotechnology company, has announced that it has begun selling its Accuro device to anesthesia providers as a result of a successful product launch at the annual meeting of the American Society of Anesthesiologists (ASA) in San Diego. The company also announced that it is continuing discussions with three potential corporate partners.

Biologist Uncovers Fundamental New Strategy for Destroying Cancer Cells

UVa Today
October 28, 2015

CIT Announces FY2016 Solicitation for Commonwealth Research Commercialization Fund

$3.4 million in funding opportunities available for Virginia’s research community

October 27, 2015

The Center for Innovative Technology (CIT) has announced the Commonwealth Research Commercialization Fund (CRCF) Request for Proposals (RFP) for FY2016. The solicitation opens on October 30, 2015 and Letters of Intent (LOIs) are due by Friday, December 4. Award announcements are planned for early June 2016.

UVA-Based Public Benefit Company To Provide Safe Drinking Water

UVa Today
October 26, 2015

A new University of Virginia-inspired public benefit company with a global health mission, MadiDrop PBC, has opened administrative offices and a small production facility in Charlottesville, company officials announced at the 2015 Water and Health Conference, held in October at the University of North Carolina’s School of Global Public Health.

Mission Secure, a UVA Defense Company, Closes Second Round to Accelerate Cyber Security Technology

October 21, 2015

Mission Secure Inc. (MSi), a leading cyber physical system defense company, has announced completion of a second round of financing with existing investors. The investment group includes a private equity firm and several high net worth angel investors. Funds will be used to accelerate deployment of its patent-pending MSi Secure Sentinel Platform technology.

Virginia Biosciences Health Research Corporation Awards over $2 Million to Fund Bioscience Research Initiatives

October 14, 2015

The Virginia Biosciences Health Research Corporation (VBHRC/“the catalyst”) today announced that it has awarded $2.23 million in grants to five collaborative bioscience commercialization projects between Virginia’s research universities and private companies. These awards are being matched by federal grants and/or direct industry contribution at an amount in excess of $5 million.

TypeZero: Taking the Artificial Pancreas to the Next Level

A Sweet Life: The Diabetes Magazine
October 13, 2015

“Mommy, wouldn’t it be cool if a kid discovered a cure for diabetes as a science fair project?”

Licensing and Ventures Group Relocates to Thriving Startup Corridor: New Facility Offers Entrepreneurial Work Space

October 7, 2015

A building once devoted to the production of fizzy beverages has become a thriving hub of University and commercial activity. The former Coca-Cola Bottling Works, located on Preston Avenue, is now home to the University of Virginia’s Licensing and Ventures Group (LVG) as well as a bike shop, a gourmet café, and other food and retail outlets.