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Omeros stock IPO closes lower in first two days of trading
Omeros Corporation, a Seattle-based biopharmaceutical company, saw its stock price close lower in its first two days of trading after the company's initial public offering (IPO) on October 8, 2009. The company had priced its offering of 6.82 million shares at $10 each, but saw shares close trading at $8.46 on October 9. The Seattle Times reported that "Omeros, the first Pacific Northwest-based company to go public in nearly two years, was also the first early-stage pharmaceutical company nationally to do so since 2007." Related external links (will open a new window):Omeros, Worst Performing IPO of 2009, Casts Shadow Over Other Aspiring Biotechs
Xconomy - Seattle - October 27, 2009
Omeros stock sinks in market debut
The Seattle Times - Seattle - October 9, 2009
Omeros Prices IPO at $68.2 Million
The New York Times - New York - October 8, 2009
Related WTC links:
Omeros is a WTC client
Washington Technology Center Awards $485,261 in Research Funding
Posted 1/14/2009
Omeros awarded $465,000 grant for Parkinson's research
Posted 1/13/2009
- end of post -Labels: 43rd_district, Company_and_Client_News, Funding, Life_Sciences, Omeros, RTD, Seattle
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Oct. 14, 2009 -- Foresight seminar: How Small Businesses Can Successfully Commercialize Technology
Washington Small Business Development Centers and Washington Technology Center present this must-see seminar, based on Foresight Science & Technology's instruction to SBIR awardees of the agencies Foresight supports as an SBIR Commercialization Support Contractor. The seminar provides an overview of the process of commercialization including how to * Determine entry markets * Find customers * Develop a commercialization strategy * Find commercialization partners and funding * Value your technology * Determine royalty rates * Develop a term sheet * Conduct negotiations The presentation includes many real-world examples and attendees are encouraged to ask questions. Speaker:Phyl Speser, J.D., Ph.D., author of the best selling text book, "The Art & Science of Technology Transfer" Location:WSU West Pike Tower Building 520 Pike Street, Suite 1101 Seattle, WA Parking available: Pike Tower Bldg., Convention Center; Washington Athletic Club. Registration:$20 Space limited to 35 registrants. Deadline Oct. 9, 2009. - more in full post - - continued below -
Foresight Science & Technology commercializes between 500-800 new technologies each year. Among our customers, we serve as a Commercialization Support Contractor for the US DOE, EPA, NSF, NIST, USDA, DOD, and NIH Small Business Innovation Research Programs as well as state programs in Connecticut, Massachusetts, Pennsylvania, Indiana, etc. The company also supports individual small and large business, universities and technical institutes, government laboratories, and foundations such as the Wallace Coulter Foundation and the Kauffman Foundation. For more information on services and customers see http://www.ForesightST.com.
Dr. Phyl Speser has been called one of the founders of the modern practice of technology transfer by Ashley Stevens, President of the Association of University Technology Managers and Executive Director of the technology transfer office at Boston University; He has supported successful commercialization of technologies in fields from optics to software and pharmaceuticals to wind power. His is also the author of many publications on technology transfer, commercialization, and science policy - including the best selling textbook The Art and Science of Technology Transfer (John Wiley and Sons, 2006) and a frequent presenter at professional meetings. Dr. Speser is a member of the Bar Association of the District of Columbia, the Association of University Technology Managers (where he is on the Public Policy Committee) and the Licensing Executives Society (where he is Chair, Strategic Alliance Committee). He served two terms on the Board of the Technology Transfer Society, is a recipient of their Certificate of Appreciation (1991). He also was Chairman of its Task Force on National Technology Transfer Policy (1989-1991), and received Best Paper, Annual Meeting (1987). He was a gubernatorial appointment to the Board of the Washington Technology Center from 1994 to 1997. Dr. Speser has taught intellectual property at the State University of New York at Buffalo Law School, anthropology at The American University, Washington, DC, and political science at the Universitat Mannheim, Germany and the State University of New York at Buffalo. Prior to founding Foresight, he was Special Assistant for Science Policy at the Federation of American Scientists. He was the lead lobbyist for the Small Business Innovation Development Act, developer of the STTR concept with Roland Tibbetts, and a lobbyist for the Technology Transfer Act of 1989, among other legislation. During the 1980's, he also was the point person for the science community on the Federal budget as Executive Director of the National Coalition for Science & Technology. Dr. Speser holds a Ph.D. and a J.D. from the State University of New York at Buffalo.
- end of post -Labels: Events, Funding, Partner_News_and_More, SBIR, Seattle, WTC_News
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Modumetal, UW Partnership Receives Funding for Anti-Corrosion Technology
Modumetal to develop an innovative commercial anti-corrosion technology in partnership with University of Washington's Department of Materials Science and Engineering. - more in full post - - continued below -
SEATTLE – May 20, 2009 – Washington Technology Center (WTC) has awarded an Entrepreneur's Access grant to the University of Washington to support an advanced material research collaboration with Modumetal, Inc. of Seattle, Washington.
Modumetal, Inc., a Seattle-based developer of nanostructured materials, is collaborating with the University of Washington's Department of Materials Science and Engineering on a project titled "Functionally-Graded Preceramic Polymer Coating for Corrosion Resistant Commercial Sulfuric Acid Pipelines."
"We are excited about this opportunity to partner with the exceptional researchers at the University of Washington to create this cutting-edge material for new commercial anti-corrosion application," says Leslie Warren, Modumetal's Project Manager and senior engineer in this effort. Christina Lomasney, the company's CEO confirms that "with support from partners like the WTC and University of Washington, Modumetal is poised to create a new technology that will have broad industrial application and will result in new jobs and economic growth in our region."
Sulfuric acid is a highly corrosive substance used extensively in industrial processes. Typical anti-corrosion coatings have a weakness – if breached, they leave the metal surface underneath the coating vulnerable to acid attack. Modumetal has a unique production method that eliminates this surface weakness by allowing anti-corrosion materials to be functionally combined with metal.
With this project, the team of Modumetal and UW Professor Rajendra Bordia, Ph.D., plans to modify a preceramic polymer system developed at the University to merge with a functionally graded materials system developed by Modumetal for corrosion protection of commercial sulfuric acid production pipelines for ConocoPhillips.
"This project combines the research that has been done at the University of Washington and at Modumetal to develop a novel solution for a significant problem in the area of corrosion," said Dr. Bordia. "The short term EA funding from WTC gives us a chance to initiate this joint development and prepares us for long term collaboration with Modumetal. The need for corrosion resistant coatings is widespread and the proposed solution that we will be exploring with Modumetal has the potential to impact a broad range of industries."
Modumetal expects that successful application of this technology will lead to many opportunities in the $300 million corrosion-prevention market.
The $5,000 award for this project comes from an Entrepreneur's Access grant from Washington Technology Center (WTC). WTC competitively awards around $1 million in state funding annually for research and technology development projects. State funding enables collaboration between companies and non-profit research institutions on technology projects that show strong potential for commercializing products and creating jobs. Since 1996, the state has funded 330 research and technology development projects.
"This grant is a great example of state government at its best," said Washington State Representative Jamie Pedersen (D-Seattle). "The seed money from WTC, combined with world-class research facilities at the University of Washington and the innovative entrepreneurs at Modumetal, will create jobs and help the state maintain its lead in technology."
More information about the research and technology development program is available online at http://www.watechcenter.org/rtd.
About Modumetal, Inc.
Modumetal (www.modumetal.com) was co-founded in 2006 in Seattle, WA to realize the commercial potential of a unique class of advanced materials. Modumetal is creating revolutionary nanolaminated and functionally-graded materials that will change design and manufacturing forever by dramatically improving the structural, corrosion and high temperature performance of coatings, bulk materials and parts. Modumetal represents a whole new way of producing parts and is leveraging nanotechnology to achieve this unprecedented performance. Modumetal is made by a "green" electrochemical manufacturing approach, which reduces the carbon footprint of conventional metals manufacturing at the same time that it redefines materials performance.
About Washington Technology Center
Washington Technology Center is a statewide economic development organization focused on technology and innovation. We spark ideas, form connections between people and resources, and foster job growth to position Washington state as a national technology leader. As an organization, Washington Technology Center channels state, federal, and private resources to help companies develop and commercialize new products and technologies. Our 15,000-square-foot Microfabrication Laboratory provides companies and university researchers access to facilities and specialized equipment for micro-electromechanical systems (MEMS) research and product/process development. The impact of Washington Technology Center's work has generated more than $600 million in additional investment for Washington companies and researchers. For more information how Washington Technology Center can help research and development projects succeed, visit www.watechcenter.org or call 206-685-1920.
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Related WTC links:
Modumetal is a WTC client
- end of post -Labels: Company_and_Client_News, Defense_and_Security, Funding, MEMS_and_Nanotechnology, Modumetal, RTD, Seattle, UW, WTC_News
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SBIR cost proposal and government accounting workshops in Seattle March 31 and Vancouver, WA April 1
Washington Technology Center presents a workshop featuring Jim Greenwood of Greenwood Consulting Group, well-known SBIR/STTR consultants. The session focuses on the cost proposal and accounting for SBIR and STTR awards. It covers basic terms and concepts including direct versus indirect rates, allowable and unallowable costs, cost proposal format variations between Federal agencies, and includes an exercise to estimate the indirect/facilities & administrative rate for your business. The workshop will be offered in the Seattle area March 31 and at Washington State University Vancouver April 1. - more in full post - - continued below -
Who should attend: CEOs, CFOs, CTOs; Researchers, Universities' Office of Grants & Sponsored Research; CPAs & Yellow Book Auditors
Extra Feature: Pre-registered attendees are eligible for indirect rate calculation review or SBIR / STTR cost proposal critique from Greenwood Consulting Group within one year of attendance. Limited number of consultations available.
Fee: $75 for pre-registrations by 3/27; $85 at the door. Event includes continental breakfast and box lunch.
Questions: contact Suzanne Mitchell at (509) 372-5146.
Locations:
March 31, 2009
Lynnwood Convention Center
3711 196th Street SW
Lynnwood, WA 98036
Get directions from Google Maps
Register for this location
April 1, 2009
Washington State University Vancouver
Firstenburg Student Commons
14204 NE Salmon Creek Avenue
Vancouver, WA 98686
Get directions from Google Maps
Register for this location
Agenda:
7:30am - Continental breakfast; on-site registration; Welcome & Introductions
8:00 - Government Accounting Concepts, FAR, Cost Proposal Format
Tracking Expense & Estimating Costs; Cost Proposal formats of different
SBIR / STTR Agencies
12:00pm - Working Lunch - box lunch provided for pre-registered attendees
12:30 - Exercise: preparing basic Phase I SBIR Cost proposal
2:00pm - Workshop close; Questions; Networking
Related external links (will open a new window):
Register for the Seattle area workshop
Register for the WSU Vancouver workshop
- end of post -Labels: Events, Funding, Seattle, Vancouver, WTC_News
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3TIER launches global wind prospecting tool
3TIER, a Seattle-based provider of wind, solar and hydro energy assessment forecasting, announced expansion of its FirstLook ® Prospecting tool, providing free access to average wind speed ranges throughout the world. “This intuitive and interactive tool provides a free, initial assessment of global wind resources,” says Kenneth Westrick, CEO and founder of 3TIER. “We developed this map as part of REmapping the World,™ a sophisticated renewable energy resource mapping initiative we launched in March 2008 to address the biggest barrier to global renewable energy adoption – the lack of information.” Related external links (will open a new window):Read the 3TIER press release
Navigate the map at http://firstlook.3tier.com
Learn more about wind forecasting and 3TIER at The Wall Street Journal
Related WTC links:
3TIER is a WTC client
3TIER receives $10M in venture funding
- end of post -Labels: 3TIER, Company_and_Client_News, Energy, RTD, Seattle, UW
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JEOL provides more details on first electron beam lithography machine in Northwest
JEOL USA issued a press release giving more information on the Pacific Northwest's first-of-its-kind electron beam lithography tool. JEOL will install the tool to support nanoscience research when the University of Washington takes delivery of a JEOL JBX-6300FS e-beam system. The system will be installed in the state-funded Washington Technology Center Microfabrication Lab. Funding for the tool acquisition was provided through a state-supported STAR researchers’ grant to Michael Hochberg, Assistant Professor of Electrical Engineering, and a matching grant from the Washington Research Foundation. Related external links (will open a new window):More in the JEOL press release
- end of post -Labels: MEMS_and_Nanotechnology, Microfabrication_Lab, Seattle, UW, WTC_News
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Northstar Neuroscience announces plans to dissolve
Northstar Neuroscience, a medical device company developing therapies for the treatment of major depressive disorder, announced in a press release January 5, 2009 "that its Board of Directors has determined, in its best business judgment after consideration of potential strategic alternatives, that it is in the best interests of the company and its shareholders to liquidate the company's assets and to dissolve the company." Related external links (will open a new window):Read the press release from Northstar Neuroscience
- end of post -Labels: Closed, Company_and_Client_News, Life_Sciences, Northstar_Neuroscience, RTD, Seattle
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Insilicos Awarded $900K Grant From NIH
Insilicos announced that the National Institute of General Medical Sciences (part of the National Institutes of Health) has awarded the company a $900,000 grant to study Ensemble Learning. Ensemble Learning is a prediction technique that is particularly well-suited to the large data sets of biomedical research. Insilicos has received over $3 million in NIH grants, which support the company's research towards diagnostics for cardiovascular disease. Related external links (will open a new window):More in the Insilicos press release
Related WTC links:
Insilicos is a WTC client
- end of post -Labels: Company_and_Client_News, Insilicos, Life_Sciences, RTD, Seattle
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Seattle/Puget Sound Wave and Tidal Energy Symposium
Some 90 participants spent a full day at Bell Harbor Conference Center on September 22, 2008 hearing about the opportunities and challenges of producing energy from ocean and tidal resources. - more in full post - - continued below -
Speakers included Steve Klein, the CEO of Snohomish PUD, who spoke about its plans for pilots on both tidal energy and geothermal sources, Roger Garratt, the Director of Resource Acquisition and Emerging Technology at Puget Sound Energy, who emphasized the urgency of finding alternative energy sources to meet the Renewable Portfolio Standards for Washington, and a range of speakers from both the United Kingdom and the State of Washington covering topics from operating demonstrations, through early stage design of new technology to legislation and environmental permitting.
The Pacific Northwest is identified as the region with most potential in the United States for wave and tidal power generation. However, we are still in the early stages of pinpointing the most promising sites around Puget Sound and along the ocean coasts. Significantly more data and research is required to assess the possible impacts on the marine environment. The UK has been piloting a range of wave/tidal generators since the mid-1990's and is building some valuable experience. They are also conscious of the concentrated effort required to bring together the range of specialties and interests to allow a pilot. One UK speaker talking of a pilot turbine in Northern Ireland commented- "Strangford Lough is an inland body of water surrounded by committees."
At the end of the symposium there was considerable interest in building ways of staying in touch and sharing information so that we can collaborate and accelerate the innovation path for this energy source. Washington Technology Center is identifying how best to support that effort.
The symposium formed part of a UK trade mission that was going on to meetings in Oregon and attending the Oregon Wave Energy Conference later in the week. It was planned and delivered through the collective support of UK Trade & Investment, Port of Seattle, Washington Clean Technology Alliance, Washington Technology Center, and Washington State Department of Community Trade and Economic Development.
Contributed by Graham Evans
- end of post -Labels: Energy, Seattle
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