Genetic sequencing startup raises $20M in growth equity capital

Genetic sequencing startup Tesis Labs has announced a $20 million of growth equity financing, marking the company’s first external raise since it was founded in early 2020.  This financing put the company at a post-money valuation of $520 million. The round began and ended in September of this year and it was led by Xcellerant … Read more

Arizona’s biotech community opposes waiving intellectual property rights of Covid-19 vaccines. Here’s what you need to know

intellectual property

Over the last couple months, you may have heard talk about waiving intellectual property protections of Covid-19 vaccines, in order to allow the manufacturing of these vaccines in other countries.  This is a complex issue, so let’s break it down. What is a TRIPS waiver and what would it do? The World Trade Organization (WTO) … Read more

SynCardia's heart beats for Wall Street, filed for IPO – updated

Tucson-based SynCardia Systems, a total artificial heart development, manufacturing and commercializing company, filed for IPO under the proposed symbol TAHT (total artificial heart temporary) and looking to raise $34.5 million according to NASDAQ. The company plans to issue 2.5 million shares with an over allotment option of $375,000 at $10-12 per share. The lead underwriter is Roth Capital … Read more

The Startup Journal: Unplugging makes you a better leader

When things don’t seem to be going your way at work, and you are getting a lot of “Nos,” it is good to step back and find time for yourself. Taking a break can help you get back on track to achieving your goals. Scarlett Spring, President of Visiongate, sits down with us in the … Read more

ZMapp, artificial hearts and cures – AZBio Awards honors biotech leaders

The Valley of the Sun consists of more than just dirt, golf courses and pools — it also holds most of the country’s Petri dishes and innovative minds in biotechnology. Home to over 1,300 life science companies, Arizona has become one of the fastest growing biotech sectors in the country, according to the Arizona Bioindustry … Read more