Steve Burrill may have encountered some difficulty raising local money for a planned $1 billion fund to back the Elk Run BioBusiness Center in Pine Island, Minn.But that hasn’t stopped the famed San Francisco-based investor from seeking other opportunities around the world.Burrill told Dow Jones Newswires Wednesday that he will partner with Austral Capital Partners [...]

Obstetricians, nurse-midwives and labor and delivery nurses now have a powerful — and inexpensive — tool for assessing a woman’s risk of delivering a baby too early. CerviLenz.The disposable device made by CerviLenz Inc. — a Chagrin Falls, Ohio, startup — was introduced today at the American Academy of Obstetricians and Gynecologists annual meeting in [...]

Backers of the Elk Run BioBusiness Park in Pine Island, Minnesota have hired the Minneapolis office of CB Richard Ellis to recruit tenants for the 200 acre property.CB Richard Ellis, the nation’s largest commercial firm, recently established a LifeScience team based in Minneapolis to focus on biotechnology, pharma, health care, and medical device industries.The team, [...]

ATS Medical Inc. (NASDAQ:ATSI) stock has been a dog for quite a while, never rising above $5 a share since 2004. Yet some investors stand to profit handsomely from Medtronic Inc.’s (NYSE:MDT) proposed $370 million acquisition of the company.In 2007, ATS Medical, desperate for cash, sold stock to San Francisco venture capital firm Alta Partners [...]

In a speech at the annual meeting of the Rochester Economic Development Corp., Burrill was still short on details on the Elk Run BioBusiness Park in Pine Island.

Burrill is having trouble finding local money for the $500 million of the Elk Run fund that will purchase direct equity stakes in start-ups housed at the planned Elk Run Biosciences Center. So it’s no surprise that Coordinate is trying to appeal to the state’s sense of economic pride.

EnteroMedics is dangling precariously off a cliff. Last fall, initial results from its Empower clinical study failed to meet the company’s goals.

From MRI-friendly pacemakers to artificial heart valves, Medtronic is poised to release a dizzying array of new products over the next two years.

Sources say Burrill is nowhere near $1 billion. Depending on whom you ask, Burrill has secured anywhere from zero dollars to $250 million.