Jan. 13, 2012
CAMBRIDGE, Mass. — Medicine could be the latest field to join the natural ingredients craze, thanks to a new startup in Cambridge. Warp Drive Bio came out of the woodwork this week with $125 million in new funding. The company hopes to examine the genetic makeup of plants, animals and other organisms to find hot new drugs. Warp is backed by Boston firm Third Rock Ventures, Greylock Partners and French pharmaceutical giant Sanofi. The startup has an elite roster of founders, including Harvard genomics expert George Church.
In mobile innovation news, Mitt Romney is using software from Cambridge-based Jumptap to create targeted mobile campaign ads. And Boston-based Apperian has been selected to power AT&T’s new mobile app management system.
Meanwhile, Massachusetts regained the number-two spot in venture funding and deals last quarter, behind California and ahead of New York, according to a report from CB Insights. Nationally, 2011 saw the most venture dollars and deals of any year in the past decade.
And on a sad note, Jerome Rubin, a cofounder of Massachusetts-based E Ink, which makes the display for the Amazon Kindle, passed away this week. He was 86.
The weekly roundup of business, technology and life science news from our partners at Xconomy.com airs every Friday on 89.7 Boston Public Radio.
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