NeurotechPharmaceuticals Inc. has raised $35 million in a Series B round to advance Phase II studies of its therapeutics for chronic retinal diseases. The Lincoln, R.I.-based company has three ongoing Phase II trials for its lead therapy candidate and its delivery system known as Encapsulated Cell Technology.

Creative Circle Advertising Solutions (CCAS), makers of the adQ: Intelligent classifieds web entry system, has expanded into the Asia Pacific region. The company also signed its second television news station client, NBC 7/39 San Diego. (more)

Slater-backed BioProcess Technologies, an innovative water filtration company, is seeing green - both environmentally and economically. The 10-person, privately held company, which just started marketing its products commercially in 2004 to municipalities, companies and farms, is turning a profit and expects to have several million dollars in revenue this year.

Slater-backed Selva Medical Inc., a medical device company developing a minimally invasive, laser-based treatment for the treatment of stroke and other cardiovascular conditions, was acquired by W.L. Gore & Associates’ Medical Products Division. W.L. Gore & Associates’ Medical Products Division has provided therapeutic solutions to complex medical problems for over three decades. The privately held company generates annual revenues in excess of $2 billion and has global operations in 45 locations around the world.

FarSounder was issued a U.S. patent for its sonar technology, the second patent the company received this year. FarSounder's sonar system generates 3-D images of what's on the ocean floor and is especially designed for shallow water imaging.

KMWorld magazine recognized Traction Software’s TeamPage as a "robust enterprise blog platform" in their Trend-Setting Products of 2006 review. Having received this award for the third consecutive year confirms Traction Software's continued innovation and leadership in the blog and wiki market.

A recent research report from Aite Group names Andera the leader in the fast-growing market for online account opening solutions, with more customers for account opening and funding than any other vendor. According to Eva Weber, analyst with Aite Group, “Andera is gaining traction, particularly among small and mid-tier institutions.”

Slater Technology Fund has renewed its lease for its biomedical incubator facility, extending the fund's commitment to the facility through September 2007. The 7,500-square feet of fully outfitted wet lab space in the Richmond Square Office complex on Providence's East Side is subsidized by Slater for use by biotechnology-based start-ups associated with the Fund.