The funds will be used for intellectual property costs and to prepare for clinical trials that will bring the company one step closer to gaining regulatory approval for its first product-which was designed to reduce the risk of life-threatening, catheter-related infections in hemodialysis patients.
Industry
Inter Savings Bank was closed by regulators; its deposits and "essentially all" of its assets have been acquired by Missouri-based Great Southern Bank.
The acquisition includes the light construction and "hardscape" product assets of New York-based Stone Construction Equipment, Inc.
Companies that participated in Bloomington-based TenKsolar's recent round of financing include South Korea-based Hanwha Corporation and European venture capital firm ESB Novusmodus.
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Companies that participated in Bloomington-based TenKsolar's recent round of financing include South Korea-based Hanwha Corporation and European venture capital firm ESB Novusmodus.
The competing OverDrive e-book lending service allows local library patrons to borrow digital titles for their own devices-but the new 3M Cloud Library system lets St. Paul library visitors check out an e-reader device, as well.
The buyer-California-based Cosmi-claims that it is now the United States' second-largest retail publisher of personal computer games and the largest retail publisher in the value software category.
Ice Cube, who claims to "make a mean cup of coffee," told food magazine Bon AppŽtit that his morning routine includes waking up at 5:30 or 6 a.m. and enjoying either Peace Coffee or Starbucks.
8thBridge's new Graphite platform allows consumers to interact with brands and products in new ways through Facebook; for example, marketers can use customized buttons to extend beyond Facebook's built-in "like" function to include words like "want," "love," "need," or "own."
More than 400 local business professionals are conducting mock interviews this week to assist local youth as they prepare for the summer job search.
The health insurance giant has joined a coalition of corporations that aim to collectively hire 100,000 military service members and veterans within the next eight years.
Eden Prairie-based Phillips & Temro Industries is closing a plant in Canada and moving some of its operations to Minnesota-which will result in 80 new local jobs.
A federal administrative judge has ordered Minnetrista-based Jimmy John's franchisee MikLin Enterprises to reinstate six employees that it fired last year after they publicly protested the franchisee's sick-leave policy.
The local office, which employs about 60, will move in October from its office space in the Hyatt Regency Hotel to the AT&T Tower in downtown Minneapolis.
Heat Mining Company's novel "CO2 plume geothermal" method involves extracting underground heat and using it to generate electricity.
SightLine Partners is raising money for a venture fund that will invest in later-stage medical device companies.
Half of Minnesota businesses expect the state economy to improve in the quarter that ends in late May-and 40 percent plan to increase headcount during that period, according to Twin Cities Business' quarterly economic indicator survey.
Lots of development was stalled by the recession, but these are the poster child
The Met Council and Dakota County squabble over paint.
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