Biogen Idec (Nasdaq: BIIB) has agreed to acquire Syntonix Pharmaceuticals Inc., a Waltham, Mass.-based drug company focused on chronic diseases like hemophilia. The deal includes an additional $40 million cash payment, plus up to $80 million in milestone earn-outs. It is expected to close later this quarter. Syntonix has raised over $64 million, including a […]
North Dakota Television Holdings LLC has closed the sale of its television stations to Hoak Media LLC for an undisclosed amount. The deal represents an exit for North Dakota Television shareholders The Wicks Group of Companies, JPMorgan Partners and Halyard Capital.
Smith & Wesson Holding Corp. (Nasdaq: SWHC) has completed its acquisition of Rochester, N.H.-based hunting arms maker Thompson/Center Arms Inc. from TGV Partners. No financial terms were disclosed. www.tcarms.com
Huron Capital has sold its position in Prostech Products Inc., a San Antonio, Texas-based manufacturer of exothermic temporary heat sources and catheters, for an undisclosed amount. Buyers were company management and existing individual shareholders, plus some commercial lenders. In 2003, Huron partnered with Pristech management to capitalize the Company and fund the spinoff of a […]
John Madigan has left Madison Dearborn Partners, where he had been serving as a special partner. The move was made to remove possible conflicts of interest related to Madison Dearborn's interest in Tribune Co., of which Madigan previously served as chairman and CEO. He also is on the board of a foundation that is Tribune's […]
Krisztina Zsebo has been named a venture partner with Enterprise Partners. She joined the firm as a principal in 2004, and later assumed additional responsibilities as an entrepreneur-in-residence. For the past two years, Zsebo has been the president and CEO of Celladon, an Enterprise-backed developer of treatments for congestive heart failure. ww.epvc.com
Randy Guggenheimer III has joined Burrill & Co. as a managing director of merchant banking. He has spent the past 15 years with Lehman Brothers, including time as co-head of healthcare M&A. www.burrillandco.com
Orna Berry, a venture partner with Gemini Israel Funds, was unanimously elected as the next chairperson of the Israel Venture Association, replacing Yoram Oron, founder and managing partner of Vertex Venture Capital. www.iva.co.il
Cardinal Partners is raising up to $175 million for its third healthcare-focused venture capital fund, according to a regulatory filing. The Princeton, N.J.-based firm already has secured more than $68 million in commitments from LPs like the State Teachers Retirement System of Ohio. www.cardinalpartners.com
Synosis Therapeutics Inc., a South San Francisco, Calif.-based CNS drug company spun out of EuroVentures early last year, has raised $32.5 million in VC funding from Versant Ventures, Abingworth Management, 5AM Ventures and Novo AS. It also has signed a partnership with Roche, which includes Synosis acquiring five Roche drug candidates, including four Phase I […]