StemCells gains $20M award for Alzheimer's program; GlobeImmune sets terms for $60M IPO;

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> The California Institute for Regenerative Medicine has approved an award of up to $20 million for StemCells' ($STEM) work on Alzheimer's disease. The money is intended to fuel pre-clinical work through to a potential IND. Release

> Boulder, CO-based GlobeImmune has set its terms for a proposed IPO. The biotech is looking for a range of $11 to $13 a share in an offering that could raise $60 million. Investors have also indicated a willingness to buy up to $16 million of shares, a strategy that has become an industry standard for developers looking to go public. Story

> The U.K.'s Karus Therapeutics, which is working on inflammatory disease and cancer, has rounded up a $7.6 million venture tranche. The financing was led by new investors SV Life Sciences, New Leaf Ventures, Novo A/S and International Biotechnology Trust with angel investors and the IP Group joining in. Release

> Aileron Therapeutics is expanding into endocrine and metabolic diseases and preparing to launch development of its first stapled peptide drug candidate, ALRN-5281, next year. Release

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