Stay current on news from Wisconsin’s innovation community with these recent headlines:
—The U.S. Department of Transportation selected the University of Wisconsin-Madison as one of 10 “proving ground” pilot sites where researchers will test and share information on technologies underpinning driverless cars and trucks. Some of the testing will happen in the Madison area, but other parts of the state—including Plymouth, WI, home of the Road America race track—are also expected to get in on the action, the Wisconsin State Journalreported. More than 60 organizations applied in hopes of being selected as a proving ground site, the agency said.
—The price tag on Stratatech, acquired by the United Kingdom-based pharmaceuticals company Mallinckrodt (NYSE: MNK) last year, has now been revealed as $76 million cash, according to a regulatory filing. When Mallinckrodt announced the deal to acquire the Madison-based developer of cell-based skin tissue for burn victims and others, no financial details were disclosed. Filings now also show that Mallinckrodt could be on the hook for up to an additional $121 million in milestone payments under the terms of the deal. Read the full story here.