Press Releases

2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010

2015
Dec 2015 | Download as pdf

Martin Health System Unveils Xenex Germ-Zapping Robot™ more

Dec 2015 | Download as pdf

Jesuit High School Alumnus Donates Xenex Germ-Zapping Robot to His Alma Mater more

Dec 2015 | Download as pdf

BiO2 Medical Announces Successful Completion of the Angel® Catheter Pivotal Clinical Trial more

Dec 2015 | Download as pdf

Xenex Awarded Premier, Inc. Group Purchasing Contract to Offer Germ-Zapping Robot™ Room Disinfection Technology to Premier Member Hospitals more

Dec 2015 | Download as pdf

SA bioscience companies strike new deal to expand scope of stem cell research more

Dec 2015 | Download as pdf

TFS Corporation share price flat despite soaring earnings more

Dec 2015 | Download as pdf

TFS Corporation doubles quarterly profit more

Nov 2015 | Download as pdf

Innovation makes money grow on trees more

Nov 2015 | Download as pdf

Xenex Germ-Zapping Robot™ Destroys Ebola Virus & Anthrax Spores in New Study Performed at Texas Biomed Biosafety Level 4 Lab more

Nov 2015 | Download as pdf

Indian sandalwood oil producer ramps up production to supply new markets more

Nov 2015 | Download as pdf

Cytocentrics Inc. wins Innovator Award at recent event more

Nov 2015 | Download as pdf

Key Opinion Leader (KOL) Calls for New Standard to Close Port-Site Hernias in Lap and Robotic Surgeries more

Nov 2015 | Download as pdf

Surgical Site Infections Decrease 100% after Trinity Medical Center Implements Infection Control Bundle more

Oct 2015 | Download as pdf

Court Order Requires Tru-D to Cease False and Misleading Statements more

Oct 2015 | Download as pdf

Merck and DNAtrix Announce Phase 2 Immuno-Oncology Collaboration more

Sept 2015 | Download as pdf

San Antonio biotech firm CEO is heading west more

Sept 2015 | Download as pdf

Sandalwood grower smells a fortune more

Sept 2015 | Download as pdf

Explore the UV LED market that is expected to reach USD 369.58 million by 2020 more

August 2015 | Download as pdf

Ten Life Sciences Companies to Watch in Central Texas more

August 2015 | Download as pdf

San Antonio’s Xenex signs national contract with HealthTrust more

August 2015 | Download as pdf

Xenex Signs Agreement with HealthTrust; Germ-Zapping Robots™ Added to the HealthTrust Portfolio more

August 2015 | Download as pdf

Benzac® Intensive Spot Treatment Named Best Acne Treatment of 2015 by HEALTH Magazine more

August 2015 | Download as pdf

neoSurgical® Reports Commercial Milestone of 2000 US Procedures more

August 2015 | Download as pdf

Launch of latest hyaluronic acid based filler range more

August 2015 | Download as pdf

Galderma Laboratories Announces the Nationwide Availability of Benzac® more

August 2015 | Download as pdf

BioMed SA Celebrates 10th Anniversary more

August 2015 | Download as pdf

TFS completes US pharma acquisition more

July 2015 | Download as pdf

Finally, Good News for Anyone Looking for a Gentle Acne Treatment more

July 2015 | Download as pdf

4th Peer-Reviewed Study to Credit Xenex Germ-Zapping Robots for Infection Rate Decrease more

July 2015 | Download as pdf

A pair of biotech VCs take aim at raising SA’s status

Paul Castella packed up his family and his biotech startup roughly 14 years ago and moved them more than 1,700 miles from San Francisco to San Antonio.

Castella, a London native who has also lived in New York and Brussels, left the venture capital-rich Bay Area to plant roots in this unlikely South Texas city for a simple reason unrelated to corporate tax structure, cost of living or workforce availability.

He did so, he said, “because this is where the science was.

”Castella’s startup, Xenotope Diagnostics, was built around technology licensed from the University of Texas Health Science Center at San Antonio.

As it turned out, this was where the science was, but not the money. Castella, like others, expressed frustration regarding the availability of investment capital at the time.

Fortunately however, moving to be near the science also brought Castella close to Alan Dean, who was leading commercialization efforts at the Health Science Center as director of the Office of Technology Ventures. Together they would take on the lack of capital for biotech head on.

In 2008, they founded Targeted Technology, a San Antonio-based venture capital fund focused on life sciences. The idea was to get proactive in backing startups that could help San Antonio achieve critical mass in biotech.

“Companies need funding,” Dean said. “You can sit around in San Antonio and wait for that money to come from somewhere else. But that’s not going to happen very often.”

So far, Targeted Technology has raised more than $56 million and invested in about 17 companies, including 10 with headquarters in San Antonio. It has also invested in companies that have since moved to the Alamo City.

While Castella and Dean have quietly become key players in San Antonio’s push to become a legitimate biotech hub, one of Targeted Technology’s recent investments made such global noise that their collective impact is more palpable than ever.

Cytocentrics — a Rostock, Germany-based medical technology company that is receiving a hefty investment from Targeted Technology’s second fund — plans to move its headquarters to San Antonio. And while Alamo City officials believe the move will lead to creating hundreds of bioscience jobs, Cytocentrics CEO James Garvin says with certainty that none of it would have happened without Targeted Technology’s co-founders.

“This really has to do with Paul Castella and Alan Dean,” Garvin said. “They really put their arm around us and encouraged us to come. They said this would be the right place to be.”

Creating critical mass

About a year ago, Targeted Technology led the Series A funding round for Lexington, Kentucky-based medical tech company Bluegrass Vascular Technologies Inc. That company has since moved to San Antonio — partly because of the funding and partly because of Targeted Technology’s ability to recruit Gabrielle Niederauer to lead it.

Meanwhile, StemBioSys Inc., a San Antonio-based company working to commercialize its stem-cell technology, has also benefited from Targeted Technology funding.

“Capital is an essential element for any startup company, and Targeted Technology has provided access to that capital,” StemBioSys President and CEO Bob Hutchens said.

Castella and Dean are thinking about creating another fund that could funnel more critical investment dollars into other companies.

“I expect there will be a third fund,” Dean said. “I believe it will be more than$100 million.”

While Dean is no longer at the Health Science Center, the institution continues to benefit from his and Castella’s efforts.

“The Health Science Center’s primary asset for commercialization is health care technology, but only if that technology can be properly developed into a sustainable and marketable product,” said John Gebhard, senior executive director for the institution’s Office of Technology Commercialization.

“Targeted Technology’s fiscal and management resources are able to propel the Health Science Center’s technologies more efficiently than the university could do on its own.”

Castella said San Antonio needs to continue to build its assets in bioscience.

“We want to bring in more companies and people,” he said.

Targeted Technology has kept some of the key talent for itself, luring industry heavyweights such as Cathy Burzik and Gary Frashier, among others. Burzik previously was president and CEO of Kinetic Concepts Inc., while Frashier has founded several life science companies.

But it is Dean, Castella said, who has played a pivotal role by helping identify new investment opportunities.

“The main source of the deal flow for the company has been [Dean’s] relationships,” Castella said.

Leap of faith

Targeted Technology has faced its own funding challenges.

The biggest obstacle in launching it, Castella said, was getting more institutional investment, particularly because some institutions that might have been involved had “probably used up their dry powder on an earlier effort.”

Nevertheless, Targeted Technology has found its groove. And Dean said more companies will likely benefit from the kind of capital infusion Targeted Technology has provided other ventures.

“We haven’t changed our enthusiasm. The fire in our bellies has not diminished one bit,” said Dean, who splits his time between San Antonio and Birmingham, Alabama, where Targeted Technology has invested in a pair of companies.

And Dean believes that San Antonio “absolutely” can compete with bioscience hotbeds such as San Francisco in the long term.

His optimism is tied in large part to his confidence in Castella.

“I knew Paul was brilliant,” Dean said. “But he has exceeded even my expectations.”

For Castella’s part, he has been surprised by San Antonio’s biotech aptitude.

“When I was young, if you had given me a map of the world and told me to put a pin in it where I thought I would end up, I wouldn’t have chosen South Texas,” Castella said. “But that was out of ignorance.”

At the same time, Castella and Dean are aware that Targeted Technology has helped make San Antonio a better breeding ground for biotech.

“We have had an important impact, I believe,” Dean said. “We have helped a number of companies.”

And they’ve been able to make a difference even if they didn’t fully grasp where they were going when they started.

“It’s not like we had a great master plan,” Castella said. “It came out of the experience of trying to raise capital in San Antonio. That was holding things back. So we fixed it.”

Focusing Their Aim

To date, Targeted Technology has established two funds and focused its investments on companies pursuing ground-breaking and disruptive technologies that can improve the practice of medicine and patient outcomes.

The company’s emphasis is on medical devices, life science tools, biotech, diagnostics and specialty pharmaceuticals.

Fund I
Year closed: 2009
Amount raised: $12 million

Fund II
Year closed: 2014
Amount raised: $42.6 million

Source: http://www.bizjournals.com/sanantonio/print-edition/2015/07/10/a-pair-of-biotech-vcs-take-aim-at-raising-sa-s.html

July 10th 2015 back

July 2015 | Download as pdf

BiO2 Medical raises $4M for device that prevents embolism more

July 2015 | Download as pdf

How SA landed Cytocentrics more

July 2015 | Download as pdf

Sandalwood firm sticks to forecasts more

June 2015 | Download as pdf

Two New Studies Show Decrease in Hospital Acquired Infections after Xenex Germ-Zapping Robots Used for Room Disinfection more

June 2015 | Download as pdf

Xenex Offers Industry’s First HAI Reduction Guarantee; Multiple Hospitals Report Decrease in Infection Rates When Using Xenex Germ-Zapping Robots for Room Disinfection more

June 2015 | Download as pdf

Xenex to expand sales of ‘germ-zapping robots’ to more European nations more

June 2015 | Download as pdf

West Australian Indian sandalwood oil producer purchases American drug companies more

June 2015 | Download as pdf

Sandlewood grower to buy US-based pharmaceutical firms more

June 2015 | Download as pdf

Cytocentrics has big plans for San Antonio more

June 2015 | Download as pdf

TFS Corporation Limited jumps on acquisitions: What you need to know more

June 2015 | Download as pdf

Australian firm acquires multiple San Antonio bioscience companies; Deal could be worth $270 million more

June 2015 | Download as pdf

TFS To Acquire ViroXis And Santalis Pharma - Quick Facts more

June 2015 | Download as pdf

DNAtrix Collaborators Present Data on a Novel Oncolytic Adenovirus Expressing OX40 Ligand that Promotes Antitumor Immunity more

June 2015 | Download as pdf

San Antonio expected to become bigger global research player as result of Cytocentrics deal more

June 2015 | Download as pdf

Cytocentrics Wins $1 Million Incentive and Warm Welcome to San Antonio more

June 2015 | Download as pdf

San Antonio approves major incentive deal to lure German biotech firm more

June 2015 | Download as pdf

German Biosciences Company Relocating Headquarters to San Antonio more

June 2015 | Download as pdf

Cytocentrics looking to relocate HQ to San Antonio, create 300 jobs more

June 2015 | Download as pdf

Cytocentrics CEO: Biotech company passed up bigger financial offers to move to San Antonio more

May 2015 | Download as pdf

Milwaukee VA center cleared to use germ-zapping robots more

May 2015 | Download as pdf

GAO Affirms VA Contract for Mercury-Free UV Disinfection System, Milwaukee VA Hospital Orders Xenex Full-Spectrum™ Germ-Zapping Robots™ more

May 2015 | Download as pdf

Pivotal Investigation of BiO2 Medical's Angel Catheter Exceeds Enrollment Expectations more

May 2015 | Download as pdf

Alcyone Lifesciences and DNAtrix Enter Clinical Collaboration for Brain Cancer more

May 2015 | Download as pdf

Here’s why these 4 companies are soaring higher today more

May 2015 | Download as pdf

Harvard gets wood more

May 2015 | Download as pdf

2 Works for You helps teen diagnosed with brain cancer denied access to experimental treatment more

May 2015 | Download as pdf

Harvard University sees the good oil in NT sandalwood plantation more

May 2015 | Download as pdf

San Antonio bioscience companies to team up on critical research more

May 2015 | Download as pdf

Germ-zapping R2-D2 look-alike works at Renown more

May 2015 | Download as pdf

Are TFS Corporation Limited shares an absolute bargain? more

May 2015 | Download as pdf

Med tech start-up exits Bank of Ireland Seed Fund with US$21m valuation more

May 2015 | Download as pdf

Galway-based NeoSurgical exits Kernel Capital more

April 2015 | Download as pdf

Xenex sells Germ-Zapping robot to Iowa nonprofit hospital more

April 2015 | Download as pdf

Broadlawns Employs Xenex Robot to Eradicate Germs more

April 2015 | Download as pdf

Benzac® Acne Solutions Premieres Its First-Ever “Insta-Dramedy” Webseries more

April 2015 | Download as pdf

Sandalwood grower enlists F1 star more

April 2015 | Download as pdf

StemBioSys closes $8m in funding to help launch its stem cell culture system more

April 2015 | Download as pdf

Irish start-up neoSurgical has just signed an exclusive distribution deal for the US market. But, as founder and CEO Barry Russell explains, it has taken persistence and courage to get the company this far more

April 2015 | Download as pdf

Xenex exporting hospital-cleaning robots to Europe more

April 2015 | Download as pdf

Xenex Germ-Zapping Robots Arrive in Spain; Clece Chooses Xenex for Hospital Disinfection more

April 2015 | Download as pdf

Takes $8M to Build Homes For Stem Cells more

April 2015 | Download as pdf

San Antonio biomedical company StemBioSys scores major funding more

April 2015 | Download as pdf

Lexington Fire Department chosen to conduct trial on new EMS Equipment more

April 2015 | Download as pdf

Xenex Rebuts Clorox Attack Following NAD Press Release more

April 2015 | Download as pdf

San Antonio’s Xenex files lawsuit against Cloroxn more

April 2015 | Download as pdf

Lexington Fire Dept. Among First In Kentucky Testing New Device more

Mar 2015 | Download as pdf

Here’s why today is a good day to buy TFS Corporation Limited shares more

Mar 2015 | Download as pdf

Over-the-counter (OTC) remedies rescue consumers from skin and health issues that are—at the time—more pressing than fine lines and wrinkles more

Mar 2015 | Download as pdf

Germ-zapping Dalek-like robots trialed at King’s Lynn’s Queen Elizabeth Hospital to reduce the spread of infection more

Mar 2015 | Download as pdf

Seven Women Run Tech Startups in San Antonio to Watch more

Feb 2015 | Download as pdf

UV light from robots disinfects hospital rooms more

Feb 2015 | Download as pdf

TFS rises on upgraded guidance more

Feb 2015 | Download as pdf

Biological assets boost valuation for TFS more

Feb 2015 | Download as pdf

NPSF Patient Safety Coalition Welcomes Xenex more

Feb 2015 | Download as pdf

UV Disinfection Equipment Market is Expected to Reach $2.8 Billion by 2020 – Allied Market Research more

Feb 2015 | Download as pdf

Scent of success more

Feb 2015 | Download as pdf

BiO2 Medical Begins Enrollment for the Pivotal Investigation of the Angel® Catheter more

Feb 2015 | Download as pdf

Baptist Health's new germ-zapping robots use untraviolet light as a disinfectant more

Feb 2015 | Download as pdf

Baptist Health adds "cleaning robots" more

Feb 2015 | Download as pdf

The Only Full Spectrum™ Pulsed Xenon UV Disinfection System more

Feb 2015 | Download as pdf

Benzac® Acne Solutions Launches in the US more

Feb 2015 | Download as pdf

State of health care: Xenex CEO says company is winning war against deadly infections more

Feb 2015 | Download as pdf

The Health Cell to present event focusing on San Antonio’s health care and biosciences sector more

Feb 2015 | Download as pdf

San Antonio developing biotech executive talent more

Jan 2015 | Download as pdf

Xenex’s latest funding exceeds expectations, expands international opportunities more

Jan 2015 | Download as pdf

San Antonio bioscience company Xenex secures major funding more

Jan 2015 | Download as pdf

Germ-Zapping Robot Makes House Call for Texas Baby more

Jan 2015 | Download as pdf

Hospitals name their disinfecting robots to add personality more

Jan 2015 | Download as pdf

The robot will clean up now: More hospitals buying automated systems to reduce infections more

Jan 2015 | Download as pdf

New Study Shows Pulsed Xenon UV Light Effective in Reducing C. diff, MRSA and VRE in the Hospital Environment more

Jan 2015 | Download as pdf

Forecast: Three San Antonio biomedical companies to watch in 2015 more

Jan 2015 | Download as pdf

Here’s why these 4 stocks are soaring higher today more

Jan 2015 | Download as pdf

Sandalwood the good oil for US funds more

Jan 2015 | Download as pdf

Oil Investment Could Put A Smile On The Faces Of Harvard Students more

Jan 2015 | Download as pdf

Harvard takes stake in TFS more

Jan 2015 | Download as pdf

Aromatherapy at home can be easy more

Jan 2015 | Download as pdf

TFS up on US acne product launch more

Jan 2015 | Download as pdf

BiO2 Medical Receives IDE Approval to Initiate Pivotal Investigation of the Angel® Catheter more

Jan 2015 | Download as pdf

StemBioSys Inc. to Present at Biotech Showcase™ 2015 more

Jan 2015 | Download as pdf

Galderma Laboratories Launches Its First Over-the-Counter Acne Regimen, Benzac® Acne Solutions more