Statewide: Triangle region, May 2014
STATEWIDE Triangle Region
UNC gene work attracts Baxter
MORRISVILLE — Lenovo Group paid Reno, Nev.-based Unwired Planet $100 million for 21 sets of patents, including ones for mobile-phone technologies. In a separate deal, Lenovo acquired more than 3,800 sets of patents, mostly smartphone-related, from Tokyo-based NEC Corp. for an undisclosed amount. The patents will help the Beijing-based computer-maker, which has its North American headquarters here, develop its smartphone and mobile PC businesses.
RALEIGH — State Employees’ Credit Union is buying 8,000 PCs from Lenovo, which will assemble them at its plant in Guilford County. The computer-maker has about 300 of its 2,500 North Carolina employees at the Whitsett plant. The credit union will replace computers at all 253 branches and five operations centers.
DURHAM — Michelle Berrey was named president and CEO of Chimerix April 9. She joined the drug-development company as chief medical officer in 2012 and will retain that position. She replaces Kenneth Moch, CEO since 2010, who resigned abruptly a month after first refusing and then agreeing to provide a critically ill Virginia boy with an experimental anti-viral drug.
RALEIGH — Aseptia raised $28 million for an expansion at Wright Foods’ plant in Troy. The food-processor, based here, uses technology developed at N.C. State University to make fruit sauces, vegetables, soups and beverages that have a long shelf life without using preservatives or refrigeration. Investors include Raleigh-based Lookout Capital, Durham-based SJF Ventures and Prudential Social Investments, an asset-management group for Newark, N.J.-based Prudential Financial.
MORRISVILLE — Clinipace Worldwide acquired Hong Kong-based Choice Pharma, expanding its workforce from 520 to 640 in 30 countries. The digital contract-research organization, which
uses technology to cut costs of clinical trials, will keep its headquarters here and expects no layoffs. Financial terms were not disclosed.
RALEIGH — Baxano Surgical raised $10 million from two unnamed investors to continue development of a surgical product to treat degenerative spine conditions. The medical-device company was formed in 2013 after Wilmington-based TranS1 acquired San Jose, Calif.-based Baxano.