From rural Elk Run to Third World Chile, Burrill searches for capital

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 [...]

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CerviLenz debuts inexpensive device to indicate preterm births

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 [...]

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Elk Run project taps real estate giant to market property

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, [...]

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Select investors could make a killing on Medtronic/ATS Medical deal

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 [...]

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Night Read (Minnesota): Burrill bets $8 million on St. Paul biopharm start-up

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.

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New Minnesota biotech fund seeks $25 million with a little help from Steve Burrill and yours truly

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.

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EnteroMedics Inc.’s fate now in the hands of the FDA. Your guess is as good as mine.

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

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Medtronic CEO bullish on company’s future

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

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Wanted: Money for $1 billion Bioscience Project. Contact Steven Burrill

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

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