$16M for Blackwave, Memsic Sets IPO Range, Hologic Prices $1.5B Worth of Notes, and the Rest of Last Weeks Wheeling and Dealing
Summary
$16M for Blackwave, Memsic Sets IPO Range, Hologic Prices $1.5B Worth of Notes, and the Rest of Last Week’s Wheeling and Dealing Xconomy Boston — Last week saw a little blip in the action among companies working on aspects of fixed and mobile media delivery—or is it the beginning of a trend?—Billerica, MA’s Reef Point Systems and Gaithersburg, MD-based NexTone Communications merged to form NextPoint Networks.—Cambridge, MA-based Aveo Pharmaceuticals forged an agreement with Eli Lilly to help the pharma giant figure out which patients respond best to an experimental cancer drug.Financial terms of the deal were not disclosed, but Malorye explains how this is representative of Big Pharma’s growing interest in so-called biomarkers.—Hologic (NASDAQ: HOLX), a Bedford, MA-based maker of imaging tools and medical devices focused on the women’s healthcare market, priced $1.5 billion worth of convertible senior notes to mature in 2037.
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