Health Technology

The present looks good but the future is more of a mystery to Wisconsin biotechnology executives, according to the first quarterly survey of the biotech and medical device industry. The survey, conducted by the Wisconsin Biotechnology and Medical Device Association and the state Department of...

Two consumer advocacy groups that support rejection of stem cell patents held by the Wisconsin Alumni Research Foundation have filed formal comments saying that attempts to amend the patents should not save them from being overturned. In comments submitted last week, the Foundation for Taxpayer...

The Milwaukee-based Fiserv has agreed to sell nearly all of its healthcare businesses to UnitedHealthcare for $775 million in cash. The divestiture will increase Fiserv's focus on the financial services industry, and establish UnitedHealthcare in the market for customized benefit services. ...

Three more Wisconsin technology companies have been qualified under the Act 255 angel and venture investment tax credit program. Investors who commit angel or venture capital to either Windlift, LLC, Centrose, LLC, or SymbiontWeb, Inc., will be eligible to receive the tax credits....

BioSystem Development has raised $600,000 in a second round of equity financing from Silicon Pastures, Marshfield Investment Partners, Chippewa Valley Investment Partners, and Central Wisconsin Angel Investors. The company also has appointed Craig Hutchison, former president and CEO of Perry Judd's, as its new chief...

The NASDAQ Listing Qualifications Panel has granted Merge Healthcare more time to regain compliance with its financial reporting. The panel has informed the Milwaukee medical software developer that it has until Jan. 29, 2008, to complete restated financial reports or face delisting. ...

GE Healthcare has established a new design project to inspire breakthroughs in home healthcare technology inventions, and it will collaborate with undergraduate students at the Art Center College of Design in Pasadena, Calif., to look for breakthrough technology....

Citing his expertise in chemistry, the Germantown-based Cambridge Major Laboratories has added University of Illinois professor John Hartwig as scientific advisor. Cambridge Major produces pharmaceutical intermediates and other organic chemicals for pharmaceutical and biotechnology companies....