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A roundup of the latest high-tech and life science news from regional firms:
• Atlanta-based game firm lands $22 million deal
ATLANTA – The internationally known Shaolin Temple in China and Wolverine Asset Management have signed a $22 million deal to develop an “edutainment” with Atlanta-based
The agreement was signed at the Shaolin Temple, which is famed for its martial arts, in China earlier this week.
The first project is expected to generate $147 million annually, according to EARI.
• PhaseBio will move to Pennsylvania, newspaper says
MORRISVILLE, N.C. – Biotech startup is moving to Pennsylvania, according to the Triangle Business Journal.
“I can’t give you any details other than we’ve been told that we’re moving to Pennsylvania,” a spokesperson told the paper.
Last month, PhaseBio, which is developing drug purification and production technology as well as protein engineering and protein-based therapeutics, closed on $25 million in new financing.
The company, which also has licensed technology from Duke University, closed on a new round of investment led by New Enterprise Associates and OSI Investment Management.
Existing investors Hatteras Venture Partners, Johnson & Johnson Development Corporation and Fletcher Spaght Ventures also invested.
• Golden Leaf Foundation backs Triad incubator move
GREENSBORO, N.C. – The is helping the move its headquarters in Greensboro, according to the Triad Business Journal.
Golden Leaf will provide the center with $200,000. The incubator is looking to raise $4 million to renovate a structure that was donated to it, the newspaper said.