Oct. 16, 2006
Kovac Joins Burrill
Caroline Kovac, the former head of IBM's life sciences and healthcare divisions, has joined the prominent life sciences venture capital/merchant bank firm Burrill & Co. as Managing Director. "The translation of basic research and technology into the marketplace and the clinic is a personal passion, and I can think of no better place to pursue this than at Burrill," Kovac said.
RNAi Nobel Prize
Stanford's Andrew Fire and U. Mass Medical School's Craig Mello won the 2006 Nobel Prize in Physiology or Medicine for their 1998 discovery of RNA interference. The gene silencing mechanism is being adapted by firms such as Sirna Therapeutics and Alnylam as a promising therapeutic.
Hooray for Hood
The Institute of Systems Biology founder Leroy Hood has been awarded the Heinz Award for Technology, the Economy and Employment. Founder of ten biotechnology companies including Applied Biosystems, Hood is one of five winners of the $250,000 awards offered by the Heinz Family Foundation.
Nextrials has added ArQule as a clinical trial data collection and management customer. ArQule will replace a paper-based data collection system with Nextrials' Prism system in a Phase II study of a cancer drug.
Accelrys' NanoBiology Initiative has its first member: Italy's University of Trieste. The goal of the initiative is to develop scientific solutions that address critical challenges in drug delivery, diagnostics and bioengineering through multi-scale modeling.