Health Tech

Two Austin biotech companies reached fundraising milestones

In the inaugural edition of "512talk," our weekly video chat of the week's tech news, reporters Lori Hawkins and Lilly Rockwell discuss the two Austin biotech companies that dominated the news this week. 

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Austin's Aeglea BioTherapeutics makes $50 million on IPO

Austin officially has another publicly traded company.  Aeglea BioTherapeutics Inc. on Thursday raised $50 million in an initial public offering, with an initial share price of $10. In its first day of trading on the Nasdaq exchange the stock closed...

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Austin's Lumos Pharma raises $34 million to fight rare genetic disease

An Austin biotech company that's developing a new therapy for a rare genetic disease has raised $34 million to launch clinical tests. Lumos Pharma, founded in 2011, will use the money to test and commercialize a therapeutic treatment for those suffering...

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Austin's Aeglea BioTherapeutics plans $72 million stock offering

Austin-based biomedical company Aeglea BioTherapeutics on Monday set the terms for an initial public offering of stock that could raise up to $72 million. The company, which develops drug therapies to fight cancer, plans to sell as many as 4.03 million...

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Austin startup Smarthome Hero gets seed money

Austin startup SmartHome Hero has raised a round of seed funding from Digitech, a newly formed venture capital firm. Financial terms of the investment were not disclosed. Founded in 2014, SmartHome Hero is developing a service that provides energy...

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Austin-based Vermillion reports 4th quarter loss of $5 million

 Austin-based medical diagnostics company Vermillion Inc. on Thursday reported a loss of $5 million in its fourth quarter.  On a per-share basis, the company said it had a loss of 10 cents.  The company, which develops tests to help physicians diagnose...

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Open Source

Central Texas angel group is most active in U.S.

Last year felt like a busy one for startups raising money from local angel investors.  Now a new report confirms it. The Central Texas Angel Network was the most active individual angel group in the country in 2015, according to a new Halo report...

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Austin-based startup Embark aims to make mark with DNA testing for dogs

Austin startup Embark said Tuesday it plans to offer one of the most exhaustive saliva-based DNA tests for dogs on the market. The company says the tests can help arm owners with information about how to treat hereditary diseases or other disorders...

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CEO: Austin deal launched Under Armour’s digital makeover

Two years ago, Under Armour was riding high as a top sports apparel and footwear maker. Then the Baltimore company bought a small Austin fitness technology company called MapMyFitness that set it on a new course. MapMyFitness, which Under Armour acquired...

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Science fiction or real life? Bioelectronics could heal bones, cure diseases, SXSW panel says

The human body is not that different from a computer. Coursing through our bodies are electrical impulses, which is essentially how our central nervous system controls functioning of our organs, which tend to be responsible for many chronic disease...

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