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Boston’s Flex BioMedical follows $1 million to Wisconsin

Flex is developing a polymer-based joint lubricant to reduce pain and increase mobility in osteoarthritis patients. It's meant to replace hyaluronic acid injection treatments that in many cases keep pain away for six months to a year, but in some cases don't work at all. They want to be in clinical trials no later than 2011.

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Oncology drugmaker ProCertus closes on $2.1 million

The oncology drugmaker also said Tuesday it has started enrolling patients in a clinical trial to test whether its drug, DermX, can prevent radiodermatitis, a skin inflammation caused by radiation therapy. It's also developing ProDermaCel, which prevents hair loss, and OralX, which protects against radiation-induced inflammation on the digestive tract.