Turing Pharmaceuticals, a months-old biotech startup has repriced a 62-year-old drug called Daraprim from $13.50 per pill to a stunning $750 per pill. The drug is prescribed for toxoplasmosis and other types of infections.
Imprimis Pharmaceuticals, a San Diego-based pharmaceutical company, announced that it has created a customizable alternative to Daraprim that costs roughly $1 per pill. In response to this, Turning announced to lower the price of Daraprim to a point that is more affordable and is able to allow the company to make a profit Read More>>
Due to company’s poor financial performance, Yahoo’s CEO Marissa Mayer has inked a deal with Google to help rescue her firm. Google will provide Yahoo with search ads. However financial terms of the deal were not disclosed.
Yahoo will be narrowing its strategy for 2016 and will focus on fewer products with higher quality to achieve improved growth and profitability. Read More>>
Start-ups usually have budget restrictions and thus might not spend huge amount for marketing SEM campaign. However start-ups can still boost their search rankings. The best way is to have strategies that grow brand’s web presence and nurture relationships with journalist and bloggers. Also good old-fashioned networking as well as development and promotion of intriguing can play important role. Read More>>
To develop new products and services to advance astronautics and aeronautics, NASA is offering commercial startups initial no fee access to hundreds of its patented technologies. This means a non-exclusive, catalogue-like access to more than 1,200 patented technologies in 15 broad categories that range from aeronautics and communications to health, robotics and space propulsion.
The patent access initiative is managed by NASA’s Technology Transfer Program and is available only to companies formed with the express content of commercializing the licensed technologies. Read More>>
According to Gartner, by year-end 2017, more than 20 percent of enterprises will have digital risk services devoted to protecting business initiatives. Changes in computing fabric, devices and services formed by digital business continue to shape risk and security landscapes. Protecting information alone isn’t enough, it is important to ensure the confidentiality, integrity and availability of that information. Read More>>
The red-hot e-commerce startup Jet has shifted its business model. Originally, Jet used a Costco-esque model: Instead of making money on individual product sales, its profit would come from the $50-a-year membership fee. Recently Jet raised $225 million at a $600 million valuation and the company will try to make profit on each sale as it’s dropping the membership fee. Read More>>
Having spent more than two decades in the industry, Joe Dwyer has seen changes to the funding life cycle. A new trend has emerged in the industry, where venture capitalists are waiting until later in the risk curve to make larger investments in the companies that are showing the most promise. This trend has opened up a hole in the market, which has largely been filled by angel investors. Joe suggests that every company should also have a plan in case funding dries up or never arrives. Read More>>
When visiting Florida, Parisian Charlotte de Vilmorin – who has been in a wheelchair her entire life, found it very difficult to get around, because public transportation is not accessible and you cannot just grad a cab or rent a regular car. This lack of options inspired her to take matters in her hand and she confounded Wheeliz.
There are approximately 100,000 privately owned adapted cars in France, which may not be used every day. Wheeliz offers the opportunity for adopted car owners to earn extra money by renting out their vehicles and helping out someone who needs assistance with transportation. Read More>>
Over the past two years, New York-based BioDigital, a 3D human body modeling startup has worked closely with more than 100 organizations spanning all sectors of healthcare to tailor its virtual human body, comprising 7,000 objects modeled by hand, to specific use cases. Imagine a reality where surgeons practice difficult procedures on virtual renditions of their patients before walking into the operating room. Now that BioDigital is releasing its API to the public, this is possible. Read More>>
Cyber security companies are raising large rounds of financing from investors despite stock-market turmoil and unease in the venture-capital community. Global cyber security investments last year reached $2.5 billion and $1.7 billion in 2013, according to data firm CB Insights. Cyber-attacks will accelerate, and company budgets for cyber security spending will grow independent of what the economy does, said Bob Ackerman, security expert and founder of Allegis Capital. Read More>>