Tucson-based Cancer Prevention Pharmaceuticals Inc. announced the launch of a three-year, Phase III colon-cancer-prevention trial in collaboration with the National Cancer Institute and SWOG (formerly the Southwest Oncology Group), an NCI-supported clinical-trials group.
Tucson-based artificial heart maker SynCardia Systems Inc., a Desert Angels portfolio company, has raised $19 million in new, long-term growth capital from investors including a major health-care investment fund. The investment round includes a $15 million, structured financing arrangement with New York-based Athyrium Opportunities Fund, as well as a $4 million follow-on equity investment from existing shareholders.
Read more: Tucson-based SynCardia lands $19M investment
Inside Tucson Business
August 16, 2012
By Patrick McNamara
Article Summary: Accelr8 Technology Corporation plans to relocate its corporate headquarters from Denver to Tucson. The medical diagnosis and instrumentation firm intends to have its new facility in Tucson up and running early next year. It will be located at 3950 S Country Club Rd near the University of Arizona Medical Center – South Campus.
For more details, visit the full ITB article at the link below:
Ridgetop’s radiation-hardened micro-device being developed for particle accelerators
July 31, 2012 • David Wichner Arizona Daily Star
A Tucson-area company that has long specialized in predicting failure is prognosticating success with technology to help scientists unlock the secret life of atoms.
Ridgetop Group recently won two Small Business Innovation Research contracts worth $1 million each from the U.S. Department of Energy to develop analog-to-digital signal processor chips for particle accelerators used in research.
Particle accelerators are used by physicists to smash sub-atomic particles together to learn about the elemental building blocks of matter – sometimes discovering whole new classes of particles in the process.
Fla.-based Roper buys Sunquest in 1 of biggest merger deals here
July 21, 2012 - Phil Villarreal Arizona Daily Star
In a $1.42 billion deal, Roper Industries has bought Tucson medical software developer Sunquest Information Systems Inc.
The all-cash merger announced Monday includes cash tax benefits totaling $25 million.
The deal is believed to be among the highest dollar-figure mergers in Tucson-area history, ranking alongside Roche Holding AG’s $3.4 billion purchase of Oro Valley’s Ventana Medical Systems in 2008 and Texas Instruments’ $7.6 billion purchase of Burr-Brown Corp. in 2000.
Raytheon Awarded $636 Million Exoatmospheric Kill Vehicle Contract by the Missile Defense Agency for Work to be Performed by RMS in Tucson
Raytheon Awarded $636 Million for Exoatmospheric Kill Vehicle
Raytheon awarded $636 million for Exoatmospheric Kill Vehicle
TUCSON, Ariz., July 9, 2012 /PRNewswire/ — Raytheon Company (NYSE: RTN) was awarded a $636 million development and sustainment contract to provide the Exoatmospheric Kill Vehicle to The Boeing Company, which is the prime contractor for the Ground-based Midcourse Defense program. Raytheon booked the award during its second quarter.
EKV represents the centerpiece for the Missile Defense Agency’s GMD as the intercept component of the Ground Based Interceptor, also known as GBI, which is designed to engage high-speed ballistic missile warheads in space.
“When it comes to developing, testing and deploying technologies that enable the intercept of threats in space, Raytheon is a world leader,” said Dr. Taylor W. Lawrence, Raytheon Missile Systems president. “We are proud to contribute to our nation’s first line of defense against the threat of ballistic missiles.”
Harry A. George has more than 38 years of experience in founding, operating and investing in successful rapid growth technology related companies and was awarded an honorary Doctor of Science degree from the UA Eller College of Management. He was recognized at the UA for serving on the board of the Arizona Center for Innovation and was a member of the advisory committee of the MBA program at the Eller School of Business for six years. George also is chair of a TREO task force developing an entrepreneurial economic blueprint for Tucson.
US Navy awards Raytheon $338 million for Tomahawk
TUCSON, Ariz., June 8, 2012 /PRNewswire/ — The U.S. Navy awarded Raytheon Company (NYSE: RTN) a $338 million contract for the Tomahawk Block IV tactical cruise missile. The contract, which was announced by the Department of Defense on June 7, includes replenishment of weapons used during Operation ODYSSEY DAWN and procurement for the government’s fiscal year 2012.
“Tomahawk Block IV is important for U.S. national security because it enables commanders to precisely engage heavily-defended and high-value targets from extremely long distances,” said Capt. Joseph Mauser, the U.S. Navy’s Tomahawk program manager. “With more than 2,000 combat uses and 500 successful tests, Tomahawk has proven highly reliable and effective.”
The contract calls for Raytheon to build and deliver the Tomahawk Block IV cruise missiles, and provide warranties, flight test and life-cycle support. Production is scheduled to begin this year.
Cancer Prevention Pharmaceuticals (CPP), a Desert Angels portfolio company, received a $229,875 grant from the Arizona Innovation Challenge. CPP was the only life sciences company to win the challenge. In addition, five other Arizona start-ups from other fields received grants ranging from $170,000 to $250,000. Another Arizona Innovation Challenge will occur in the fall.
Read more about CPP’s win: http://www.azbio.org/cpp-arizona-innovation-challenge-winner
Read more about the challenge: http://www.azcentral.com/arizonarepublic/business/articles/2012/05/15/20120515start-ups-get-state-innovation-grants.html
Over 200,000 Arizonans Participate in First Arizona SciTech Festival Celebrating Science, Technology, Engineering and Math (STEM)
“Underscoring the success of a collaborative celebration of both the achievements and promise of Arizona’s world-class science and engineering community, the Arizona Technology Council Foundation, Arizona State University and Arizona Science Center revealed today that over 200,000 citizens participated in the state’s first Arizona SciTech Festival. The Festival was organized as a series of events held over six weeks centered during February, 2012 to coincide with Arizona’s centennial.”