Draper Lab gets $30M from Florida

Fueled with $30 million from Florida's innovation incentive program, an MIT spin-off--Draper Laboratory--is ramping up plans to recruit about 165 R&D staffers at the University of South Florida in Tampa and St. Petersburg. Recruits, most with a master's or PhD, will be put to work developing bioMEMS, tiny machines the width of a human hair that can be dispatched in the body to scout for chemical changes or act as drug delivery vessels. Report

Suggested Articles

Across its 15-year history, Omega Funds has a hand in a clutch of high-profile biotechs such as Editas Medicine and Juno Therapeutics.

After Novartis’ near $10 billion buyout of The Medicines Company, many thought cardiovascular therapies were hot again.

Mutations in RIPK1 can cause uncontrolled cell death and inflammation, researchers discovered by studying families with an autoimmune disorder.