The president of Chapel Hill-based pharmaceutical developer Cempra is leaving the company as it reported a $22.9 million net loss in the first quarter of 2017. President and Chief Commercial Officer David Moore plans to leave the company, according to a filing with the Securities and Exchange Commission released Friday....
Read More4D Health Science LLC, a telemedicine company, is seeking to raise $2 million in equity. As of the Form D’s filing, one investor purchased $50,000 of the offering. The company expects the sale, which began Feb. 2, to last less than a year. The private company did not disclose the intended use of the proceeds. 4D Health Science, run by Chief Executive Officer Kim Russell, incorporated in 2015. The company is made up of an entrepreneur, a medical equipment expert, a computer science professor and a physiotherapist. The company’s single product, GoPhysio, is a real-time motion-capture system that allows physical...
Read MoreSynShark LLC, a bioscience company developing a method to extract specialty chemicals from tobacco, plans to raise $500,000 using debt and stock options. SynShark manager Jason M. Ornstein filed a Form D disclosing the sale on March 2. So far, one investor has bought $213,000 of the offering, which began Jan. 27. The company expects this offering to last less than a year. Investors may purchase a portion of the remaining $287,000 offer with a minimum investment of $20,000. The company did not disclose its intentions for the funds, except that $50,000 of the proceeds will go to the...
Read More
Shares of Argos Therapeutics Inc. fell by more than 65 percent in pre-market trading Wednesday after the drug development company said it received a recommendation from an independent data monitoring committee that the company discontinue the Phase 3 trial for a drug intended to treat kidney cancer. In an...
Read More
Avadim Technologies Inc., an Asheville-based life sciences company, raised an additional $587,214 in equity financing following more than $3.2 million raised last month in private stock offerings. It is rumored that the private company is preparing for an initial public offering. Avadim Technologies filed a Form D, signed by...
Read More
