Prolacta Starts Drug Development

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Since its founding in 1999, Duarte-based Prolacta Bioscience Inc. has been chiefly focused on supplying human breast milk-based nutritional products for premature and critically ill infants to hospitals and other health care providers.

The business has had its share of ups and downs over the years, including weathering a contamination scare that rocked the industry a decade ago. But now, Prolacta has unveiled a new business line: drug development. The company has spent the past several years researching and developing what it claims is the first drug made from human milk. The drug aims to boost immunity in patients who have undergone stem cell transplants to combat blood cancers.

Last month, Prolacta announced that researchers at nearby City of Hope – also based in Duarte – had dosed the first patient with the drug to initiate a Phase 2a clinical trial. It’s a major step in what will likely be a years-long process costing well over $100 million to bring the drug to the U.S. Food and Drug Administration for approval and eventually to market.

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Portable Drone Detection: WhiteFox Defense Technologies Unveils Scorpion 3

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WhiteFox Defense Technologies, a global technology company based in California, has announced the release of Scorpion 3, a lightweight, portable drone detection solution. This announcement comes at a time when regional conflicts, such as those in Ukraine and Israel, have increased the demand for advanced solutions to counter drone threats.

Scorpion 3 is designed to provide efficient and reliable situational awareness in any dynamic environment. It can be coupled with other WhiteFox mitigation solutions to protect personnel, critical infrastructure, and preserve airspace sovereignty. The system is portable and user-friendly, making it a preferred choice for security forces.

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WHICH COLORADO VENTURE CAPITAL STARTUPS ARE SHAPING FINANCE IN 2023?

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In the beautiful backdrop of Colorado, lies an array of venture capital companies that are driving the evolution in industries such as finance, biotechnology, sports, and food. With Colorado being home to a rapidly expanding tech industry, a growing pool of ambitious entrepreneurs, and an established venture capital ecosystem, some of these companies stand out among the rest. We are going to take a closer look at fifteen of these venture capital startups, discuss their unique approaches and offerings, and highlight why they are worth watching.

Colorado’s venture capital scene is vibrant and diverse. From early-stage investment firms to fintech innovators, and companies focusing on specific industries such as life sciences or technology, there is no shortage of unique approaches and propositions. What becomes evident when looking at these companies, is their commitment to funding and fueling the next generation of innovative startups and their high potential for future success.

As venture capital becomes increasingly accessible to a wider variety of people and companies, these Colorado VC firms are distinguishing themselves from the pack with fresh investment strategies and sectors of interest. Here are fifteen worth noting:

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Deft is building e-commerce search to help you find the right product quickly

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E-commerce search startup Deft is releasing a multimodal search function for users to get better results. The company, which opened its service to beta users in May, has rolled out the new search experience so users don’t have to describe the item in words.

The company is trying to solve the problem of finding the right item without spending hours looking for a product. Often users end up with subpar results while searching for products because their search query description won’t match the details of listed items. The startup is relying on different techniques, including building its own parser and knowledge graph combined with large language models (LLMs) and multimodal search.

Deft was founded in 2019 by Alex Gunnarson and Zach Hudson. Gunnarson started working on the idea after he couldn’t find a specific type of couch online even after putting in different parameters and descriptions. It took him hours to find a perfect result for his search, so Gunnarson decided to build a solution with Hudson.

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SubjectWell Acquires PatientCentra

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Acquisition unlocks ability to recruit for global trials, as well as rare disease and oncology indications

AUSTIN, Texas — SubjectWell, the patient access marketplace that connects patients with chronic health conditions to new care options, today announced the acquisition of PatientCentra, an MD Connect, Inc. business. Located in Waltham, MA, PatientCentra offers full-service, global patient recruitment capabilities plus an in-house agency for the development of tailored, patient-centric recruitment journeys. Through this acquisition, SubjectWell now serves the patient recruitment needs of any international clinical study, while expanding its ability to recruit for rare disease and oncology indications.

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