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Newborn and pediatric screening test firm Baebies has now raised $28.3M from 173 investors

by WRAL TechWire May 27, 2021 .
DURHAM – An amended SEC filing from Durham-based baebies, inc., signed by CEO Richard M. West, says the company has raised a total of $28,273,444 from 173 investors since the date of first sale in late 2016.
Baebies develops newborn screening and pediatric testing solutions.
The fundraising is an equity round, according to the filing.
The company, which was awarded a $11.6 million contract in April to develop a diagnostic platform to identify sepsis in neonatal and pediatric patients, using its FINDER platform. It utilizes digital microfluids technology, which can quickly and efficiently read a small fluid sample, analyzing the sample to screen for a variety of disorders. ....

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Applied LifeSciences & Systems raises $7M, to accelerate commercialization of poultry tech

by WRAL TechWire May 14, 2021 .
MORRISVILLE – New funding in the form of $7 million in A Series B fROUND will accelerate the commercialization of the automated and individualized poultry vaccination systems, SAYS Morrisville-based Applied LifeSciences & Systems, or ALSS.
The round was co-led by Merck Animal Health and Mountain Group Partners, and included an investment from Oval Park Capital, a Raleigh-based early-stage investment firm, which was also an early investor.
According to the company, its high-speed imaging, feature recognition, artificial intelligence, robotics, and microfluidics proprietary technologies are integrated in a system developed to address a significant challenge for the commercial poultry industry: successful, efficient vaccinations. ....

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Baebies Awarded $11.6M to develop diagnostic platform to ID sepsis

DURHAM – Baebies will receive up to $11.6 million in non-dilutive funding to support the development of a near-patient and rapid diagnostic testing platform to identify sepsis, specifically for neonatal and pediatric patients, from CARB-X.
The award consists of nearly $4 million in initial funding and an additional $7.7 million in funding based on milestones achieved by the company, and comes from the global nonprofit partnership that provides funding and support for any project that aims to address drug-resistant bacteria as noted by the U.S. Centers for Disease Control and Prevention and the World Health Organization.
“There is a critical need for a rapid and easy-to-use diagnostic platform for bacteremia – especially for the newborn population given the low circulating blood volume available for testing. Through this CARB-X partnership, the development of blood culture and identification of bacteria on our FINDER platform not only enables clinicians to receive re ....

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NC Commerce: Secretary Sanders Begins Commerce Service Focusing on Innovation, Entrepreneurship, and Inclusion

NC Commerce: Secretary Sanders Begins Commerce Service Focusing on Innovation, Entrepreneurship, and Inclusion
nccommerce.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from nccommerce.com Daily Mail and Mail on Sunday newspapers.

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Startup Spotlight: 29 emerging companies across NC share $1.5M in One NC Small Business Program grants

by Barry Teater, NCBiotech writer February 8, 2021 .
RESEARCH TRIANGLE PARK – Twenty-nine technology companies across North Carolina – about half of them working in the life sciences – have received grants totaling $1.5 million to foster job creation and promote research and technological development in response to the COVID-19 pandemic.
The grants were awarded by the One North Carolina Small Business Program with funds from the state’s share of the $2.2 trillion federal Coronavirus Aid, Relief and Economic Security (CARES) Act of 2020.
The program is administered by the Office of Science, Technology, & Innovation, a division of the N.C. Department of Commerce, on behalf of the Board of Science, Technology & Innovation, which encourages, promotes, and supports scientific, engineering, and industrial research applications in the state. ....

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