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N.C. State spinout company wins VC backing to develop antimicrobial drugs

Locus Biosciences, which is using new gene editing technology to create drugs that destroy antibiotic-resistance bacteria, has raised $19 million. Artis Ventures led the round, joined by Tencent Holdings Ltd., Abstract Ventures and others. Locus, based in Morrisville, got its start with loans from the North Carolina Biotechnology Center.

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Franklin County company raided by feds may be connected to escort website

YOUNGSVILLE, N.C. (WNCN) – Two days after Bolma Star Services was raided by Homeland Security Investigations, CBS North Carolina is learning that company may be connected to an escort advertising website. According to court documents, a former employee and industry insiders, Eros.com and ErosGuide.com were run out of Bolma Star Services in Youngsville. RELATED: Homeland […]

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Sprout shareholders buy back “female Viagra” company

Valeant Pharmaceuticals is selling Sprout Pharmaceuticals back to shareholders of the company that came up with the female libido-enhancing pill, Addyi. Valeant will also provide a $25 million loan for operating expenses. Former Sprout CEO Cindy Whitehead is expected to lead the company. In return, Valeant will get 6 percent of royalties from sales of […]

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NC company offers apology, pays expenses after child’s grave marker repossessed

HICKORY, N.C. (WBTV) — The owner of a monument company that repossessed a 5-year-old’s grave marker after a dispute says they will replace the marker at no expense to the family. It’s been nearly a year since Wayne and Crystal Leatherman buried their 5-year-old son, Jake, after he lost a long battle with leukemia. Crystal […]

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