WALTHAM, MA--Augmenix Inc., a privately held company developing minimally invasive hydrogel products to improve outcomes following cancer radiotherapy announced closure of $10.8 million Series D fundraising. Participants in this latest round of financing included a new investor, Excelestar Ventures as well as certain individuals. Existing investors CHV II, Catalyst Health Ventures and Sparta Group also participated.
These funds are anticipated to see Augmenix through to SpaceOAR® System approval and US market launch, with commercialization activities expected to commence in earnest in 2015.
Augmenix also announced the expiration of the option earlier granted to Varian Medical Systems, under which Varian had the right to acquire the rest of Augmenix upon achievement of certain milestones.
Ocular Therapeutix (Nasdaq:OCUL), a biopharmaceutical company focused on the development and commercialization of innovative therapies for diseases and conditions of the eye, will visit the NASDAQ MarketSite in Times Square in celebration of its initial public offering (IPO) which occurred on The NASDAQ Stock Market on July 25, 2014.
SAN FRANCISCO--Boku, Inc. has developed technology and mobile network operator (MNO) relationships that make advanced mobile payments technology available in India, one of the largest of the "BRIC" nations. By opening India to direct carrier billing based mobile payments, merchants all over the world now have access to a huge market with 1.2 billion people.
The 2014 George Pólya Prize has been awarded to Nikhil Srivastava along with Adam Marcus and Daniel A. Spielman for the introduction and development of the method of interlacing polynomials, and for its use in the solution of the 50-year-olf Kadison-Singer problem. They will receive receive an engraved medal and share the cash award of $20,000.
A World Bank Feature Story
Born and raised in a thatched one-room hut in rural Tamil Nadu, twenty-two year old Enita now spends her day amidst mounds of brightly colored lace, sewing fancy lingerie for the high-fashion stores of western capitals. A hint of jasmine fills the air and lilting Bollywood music keeps time with the gentle hum of machines on the air-conditioned factory floor.
NEW DELHI--The Confederation of Indian Industry's Centre of Excellence for Sustainable Development (CESD) celebrated the Indian debut of the EPEAT® environmental-rating system for electronics with an event in Delhi co-hosted with the Green Electronics Council.
BOSTON — Actifio, the copy data virtualization company, announced the addition of three proven industry veterans — Ratan Tipirneni, M.J. Golibart and Bjorn Engelhardt — to its global management team. The three represent a combined 75 years experience in enterprise technology, and all have longstanding relationships with existing Actifio team members.
Rakesh Khurana, professor of sociology and organizational behavior at Harvard University, and co-master of Cabot House, became dean of Harvard College on July 1, 2014, according to Harvard University. Founded in 1636, Harvard College, one of two schools within Harvard University awarding undergraduate degrees, is the oldest institution of higher learning in the United States.
WALTHAM, MA--Care.com , the world's largest online destination for finding and managing family care that was co-founded by Zenobia Moochhala, has acquired Citrus Lane, a social commerce platform designed for moms, for $48.6 million. The acquisition has been completed for consideration of $22.9 million cash and $8.1 million in equity at close.
The U.S. Department of State has selected five Fulbright Foreign Students to participate in the second Millennial Trains Project (MTP) voyage across the United States from August 7-17th. As an enrichment component of the Fulbright Foreign Student exchange program, the MTP will provide 25 participants with an in-depth understanding of life in the United States
External Affairs Minister of India Sushma Swaraj and Secretary of State John F. Kerry led their respective delegations to the fifth annual India-U.S. Strategic Dialogue in New Delhi. The two sides recognized that the decisive mandate provided by the Indian people to their new Government provided a unique opportunity to re-energize this relationship. They expressed confidence that the Summit Meeting between Prime Minister Narendra Modi and President Barack Obama in Washington D.C. in September 2014 would generate new dynamism in the relationship.
The U.S. Department of State recently updated its fact sheet on U.S.-India Counterterrorism and Homeland Security Cooperation. Here is the unedited text: "Accelerating our partnership following the 2008 Mumbai terrorist attacks, the United States and India continue to expand their counterterrorism and homeland security cooperation, enhancing global as well as bilateral security through ongoing dialogues, capacity building initiatives, and multilateral efforts such as the Global Counter-Terrorism Forum.
In previous years we suggested purchasing Virginia Land Preservation Credits. A dollar of tax credit could be purchased for 75 or 80 cents, saving a significant amount of money on state taxes. In recent years, however, some of these credits were challenged. Some of the people who purchased them had to redo their tax returns. Now, 88 cents is one of the best prices available. You still have to pay short-term capital gains on what you save. As a result, we are not recommending them this year.
In December 2009, Tristina Elmes owed more money than she could pay in taxes and found herself in tax court. The IRS wanted to collect as much as they could as quickly as possible. During an IRS summons, Elmes chose to plead the Fifth Amendment because she didn't trust the IRS in its fishing expedition.