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GLOBALFOUNDRIES Announces Strategic Customer Engagement with STMicroelectronics

One of the world's leading suppliers of semiconductor solutions, ST will partner with GLOBALFOUNDRIES to produce products based on 40nm Low Power (LP) bulk silicon technology. The 40nm LP process is ideal for the next generation of wireless applications, handheld devices, and consumer electronics, which require excellent performance and long battery life.

Posted: Jul 29th, 2009

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Cerulean Pharma Raises $10 Million to Advance Nanopharmaceutical Product

Cerulean intends to use the proceeds from the financing to advance the clinical development of IT-101, a cyclodextrin-based camptothecin nanoparticle recently in-licensed from Calando Pharmaceuticals, Inc., and to accelerate the preclinical development of nanoparticle-based drugs using both Cerulean's pre-existing nanoparticle-based technology as well as the in-licensed cyclodextrin-based nanoparticle technology.

Posted: Jul 28th, 2009

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NanoDynamics Headed for Liquidation

The Buffalo News reports that Buffalo, NY based NanoDynamics, once lauded for its high-tech job growth potential, is now headed for liquidation. On Monday, the company filed for Chapter 7 bankruptcy, about a week after ceasing operations.

Posted: Jul 28th, 2009

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