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Cempra gets $10M milestone for its antibiotic development in Japan

North Carolina antibiotics maker Cempra has received a $10 million milestone payment from a Japanese drugmaker – indicative of the country’s need for a next-gen antibiotic. Toyama Pharmaceutical, a subsidiary of Fujifilm Holdings, owns exclusive rights to develop and commercialize Cempra’s new antibiotic, solithromycin, in Japan for respiratory tract infections like pneumonia. Though U.S. usage is number […]

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Devices & Diagnostics

Applying neuromodulation to acute heart failure nets NC device startup a $13M series A

Neurostimulation devices that send mild electrical pulses to target nerves are arguably the fastest-growing segment of the medical devices sector. They’re primarily being commercialized in neurology and urology but are apparently showing promise in cardiology too. A startup called NeuroTronik spun out of medical device incubator Synecor last year says it’s raised a $13.1 million […]