Delaware

Delaware oncology startup raises $70M, highest in region

Published

2 years ago

January 17, 2024

Delaware oncology startup raises M, highest in region

Money Moves is a column where we chart the raises, mergers and other funding news of tech companies across the region on the third Wednesday of the month. Have a tip? Email us at delaware@technical.ly.

Health and the environment are the big winners in this month’s roundup of deals, investments and grants in Delaware.

Hydrogen, in particular, is an area that is doing especially well lately. Aside from Delaware’s inclusion in the Mid-Atlantic Clean Hydrogen Hub and some recent groundbreaking industry news from Versogen, Delaware-based Gore just made an overseas deal that could be another step toward making cars powered by hydrogen fuel cell systems widely accessible.

Add in some news in fintech, manufacturing, higher ed and agriculture, and Delaware looks to be doing well in its niche areas.

Here’s the first Delaware Money Moves of 2024:

Delaware precision medicine startup had the region’s biggest deal in Q4 2023

Synnovation Therapeutics, a precision oncology startup based at the Innovation Space at the Delaware Experimental Station, raised $69.9 million in December. That made it Greater Philadelphia’s largest venture capital deal of Q4 2023, according to the latest Venture Monitor report from PitchBook and the National Venture Capital Association.

Executive Director Hui Wang previously worked for Incyte, including as its associate director of small molecule therapy oncology programs. According to a recent report in BioWorld, the life sciences company and 2023 RealLIST Startups honoree has synthesized inhibitors called phosphatidylinositol 3-kinase α (PI3Kα) that may be used to treat cancer and other conditions.

Synnovation declined to comment at the moment about its plans for the funding.

Gore, Hyundai and Kia made a next-gen EV deal

A Hyundai Tucson FCEV fuel cell vehicle. (Flickr/DENNIS SCHROEDER/NREL)

Newark-based W.L. Gore and Associates closed a deal in Seoul, Korea with automakers Hyundai Motor Company and Kia Corporation. The three will collaborate on the development of advanced polymer electrolyte membrane (PEM) for hydrogen fuel cell systems for electric vehicles. Financial figures were not disclosed.

Gore has been developing advanced materials for the auto industry for decades, and has a history of collaboration with Hyundai and Kia.

“We look forward to advancing our long-standing partnership with Hyundai Motor and Kia,” said Michelle Augustine, leader of Gore’s Clean Energy Business Group, via press release. “Leveraging our advanced PEM technology solutions, we will work together with Hyundai Motor and Kia to enable them to deliver fuel cell vehicles that provide a performance and cost advantage to consumers.”

More Money Moves

Companies:
Gore / Wilmington University

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Delaware

Delaware needs to take care of littering

Published

10 hours ago

January 27, 2026

Press Room

A letter to the editor expresses a reader’s opinion and, as such, is not reflective of the editorial opinions of this newspaper.

To submit a letter to the editor for publishing, send an email to viewpoints@capegazette.com. All letters are considered at the discretion of the newsroom and published as space allows. Due to the large volume of submissions, we cannot acknowledge receipt of each submission. Letters must include a phone number and address for verification. Keep letters to 400 words or fewer. We reserve the right to edit for content or length. Letters should be responsive to issues addressed in the Cape Gazette rather than content from other publications or media. Letters should focus on local issues, not national topics or personalities. Only one letter per author will be published every 30 days regarding a particular topic. Authors may submit a second letter within that time period if it pertains to a different issue. Letters may not be critical of personalities or specific businesses. Criticism of public figures is permissible. Endorsement letters for political candidates are no longer accepted. Letters must be the author’s original work, and may not be generated by artificial intelligence tools. Templates, form letters and letters containing language similar to other submissions will not be published.

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Delaware

Shooting in Wilmington, Delaware, leaves teen, man injured, police say

Published

22 hours ago

January 26, 2026

Press Room

Shooting in Wilmington, Delaware, leaves teen, man injured, police say

Updated on: January 26, 2026 / 9:21 PM EST
/ CBS Philadelphia

A teenager and a 21-year-old man were injured in a shooting in Wilmington, Delaware, Monday afternoon, police said.

The shooting happened in the area of East 23rd and North Pine streets at around 2:30 p.m., according to Wilmington police.

The 21-year-old man was placed in critical condition at the hospital, while the 16-year-old was placed in stable condition, police said.

The shooting is under investigation.

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Delaware

Delaware snow totals for Jan. 25 top out at 10 inches, says NWS

Published

1 day ago

January 26, 2026

Press Room

Delaware snow totals for Jan. 25 top out at 10 inches, says NWS

The Jan. 25 snowstorm was the Wilmington area’s biggest single snowfall since the January 2016 blizzard, according to the National Weather Service.

At Wilmington Airport near New Castle, 8.3 inches of snow was recorded. On Jan. 22-23, 2016, 16.1 inches fell at the airport.

The Jan. 25 daily snowfall record at the airport, set in 2000, is 10.0 inches.

The airport has recorded 15.6 inches of snowfall this snow season. The normal amount through Jan. 25 is 7.6 inches.

Here are snow totals for other places in Delaware, according to the National Weather Service and the Delaware Environmental Observing System’s Snow Monitoring Network.

New Castle County snow totals for Jan. 25

Here is the snowfall reported, with the provider in parentheses:

Bear: 10.0 inches at 11 p.m. (public)
Wilmington area: 9.0 inches at 8 p.m. (public)
Holiday Hills area, Brandywine Hundred: 8.7 inches at 9 p.m. (trained spotter)
Pike Creek: 8.5 inches at 10 p.m. (trained spotter)
New Castle County Airport: 8.3 inches at midnight (Automated Surface Observing System)
Twin Oaks, Brandywine Hundred: 8.1 inches at 8 p.m. (trained spotter)
New Castle: 8.0 inches at 6:46 p.m. (public)
Talleyville area: 8.0 inches at 3:15 p.m. (public)
Hockessin: 7.8 inches at 10:15 p.m. (trained spotter)
Newark: 7.5 inches at 6 p.m. (trained spotter)
Blackbird: 7.3 inches (DEOS)
Talley: 6.9 inches (DEOS)
Glasgow: 6.8 inches (DEOS)
Port Penn: 6.8 inches (DEOS)
Newark: 6.7 inches (DEOS)
White Clay Creek: 6.7 inches (DEOS)
Claymont: 6.3 inches (DEOS)
Greenville: 6.4 inches (DEOS)
Prices Corner: 6.3 inches (DEOS)
Hockessin: 6.2 inches (DEOS)
New Castle: 6.0 inches (DEOS)

Kent County snow totals for Jan. 25

Here is the snowfall reported, with the provider in parentheses:

Dover: 6.5 inches at 9:10 a.m. (public)
Dover Air Force Base: 6.5 inches at 11:55 a.m. (Automated Surface Observing System)
Smyrna: 6.5 inches (DEOS)
Woodside: 6.3 inches at 3 p.m. (trained spotter)
Camden: 6.0 inches at 11:38 a.m. (trained spotter)
Smyrna: 6.0 inches at 9:38 a.m. (trained spotter)
Magnolia: 5.6 inches at 1 p.m. (trained spotter)
Dover: 5.5 inches at 11 a.m. (public)
Dover: 5.4 inches (DEOS)
Harrington: 5.4 inches (DEOS)
West Dover: 5.3 inches (DEOS)
Frederica: 4.5 inches (DEOS)
Woodside: 4.5 inches (DEOS)