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Technology Update
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Business New Haven
7/13/1998
By: BNH
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Pioneer Doubles
CuraGen Funding
NEW HAVEN - Pioneer Hi-Bred International Inc. of Des Moines, the world's leading supplier of agricultural genetics, announced that it will double its financial support for CuraGen Corp. from $2.5 million a year to a minimum of $5 million, expanding the five-year agreement that went into effect last year. Under the amended agreement, the two companies will continue to apply CuraGen's integrated GeneCalling process suite, including proprietary technologies and information systems, to discover genes for improving agricultural seed performance. CuraGen, which completed an IPO in March, also collaborates with Biogen of Cambridge, Mass., and Genentech, located in San Francisco.
Hyperion Joins Forces
With Arbor Software
STAMFORD - The boards of directors of Hyperion Software Corp. and Arbor Software Corp. of Sunnyvale, Calif., have approved an agreement to merge the two companies under the name Hyperion Solutions Corp. The proposed combination will create a global leader in the nearly $1 billion analytic applications marketplace, with more than $350 million in revenues, 1,800 employees, and a total market capitalization of about $1.3 billion. The transaction, which grants Hyperion shareholders 60 percent of the new company's stock, must be approved by regulators and each company's shareholders, but is expected to close later this summer.
Pfizer-Neurogen Collaboration Extended
BRANFORD - Neurogen Corp. and Pfizer Inc. have agreed to a one-year extension (beginning in November) of their three-year collaboration to develop a drug for obesity that works through the neuropeptide Y (NPY) neurotransmitter. Neurogen has conducted Phase I human clinical trials of its first NPY compound, NGD 95-1, and is looking to test several new compounds in addition to NGD 95-1. Currently the two companies also collaborate on three programs that involve the GABA neurotransmitter, focusing on developing drugs to treat anxiety, insomnia and dementia.
Bristol Strengthens
Global Presence
DANBURY - A leading provider of cross-platform development solutions, Bristol Technology recently announced the opening of a research and development center in Bangalore, India. The company says the Bangalore center is ideally located for recruiting strong new engineering talent and will focus on the Wind/U family of Windows and UNIX cross-platform development products. Founded seven years ago, Bristol already has a European subsidiary in Amersfoort, the Netherlands, and was listed last year among the 500 fastest-growing U.S. companies by Inc. magazine.
Calendar
New Firewall Technologies. Professional Network Services of Trumbull will present a free seminar on how to achieve integrated, enterprise-wide solutions for network security and demonstrate how a “firewall” can protect your corporate information and technology assets. Sessions will take place on July 14 at 18 Lindeman Drive, Trumbull, and July 15 at the Rocky Hill Marriott Hotel. Both run from 8:30 to 11:30 a.m. For particulars, call 203-373-1339, ext. 6
NASA Business Conference. The seventh annual NASA Technology & Business Conference will provide information on developing business opportunities with NASA, including how to capture prime NASA contracts and subcontracts, how to initiate and build relationships with NASA representatives, and how to promote your company's expertise and capabilities to NASA. The conference will take place August 18-19 at the Sheraton Hotel in Burlington, Vt. Call 800-861-5037 to learn more.
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