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The cost, risk, and time it takes to bring a new product to market has led some life sciences companies to get creative about how they fund their R&D efforts. Profitability has been constrained by pricing challenges, rising material costs, and more stringent regulations, among other pressures.

Recent research [1] from Deloitte found that R&D returns have declined to 1.9 percent, down from 10.1 percent in 2010 — the lowest level in nine years. Returns have been similarly affected by the growing…

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Since the 1940s, financial statement auditor’s reports have remained unchanged. But new modifications to an audit standard adopted by the Public Company Accounting Oversight Board (PCAOB) in 2017 substantially impact the financial statement auditor’s reports of life sciences companies in the very near future.

The expanded auditor’s report aims to give investors and other stakeholders greater transparency into matters arising from the audit that involved especially challenging, subjective,…

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For United Airlines, Delhi, India is still a no-go.

The Chicago-based carrier said on Friday that it will extend a previously announced suspension of its nonstop service between United’s hub at Newark Liberty International Airport (EWR) and Delhi, India (DEL) through at least July 31.

United initially suspended service for two weeks on April 5 before deciding to continue the suspension.

Why the continued suspension of the service until late July? A United spokesman had this to say late Friday:…

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TAP Air Portugal, the flagship carrier of Portugal, will make history in Chicago on Saturday, when the carrier launches the first-ever nonstop service between Chicago’s O’Hare International Airport and TAP’s home hub in Lisbon, a city fast rising in popularity among tourists.

The new service, which will operate five times a week in each direction, also will make history by operating with one of the world’s newest and most advanced aircraft — the widebody, twin-engine Airbus A-330neo, which…

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McDonald’s Corp. has unveiled its first fully-technologically-evolved outpost at Chicago’s O’Hare International Airport.

The newly remodeled McDonald’s, situated on the high-traffic international arrivals level at Terminal 5, features all the bells and whistles that McDonald’s has been adding over the past several years as it seeks to turn around a burger empire that millennials have largely abandoned for other options, which in turn have proceeded to eat into the Chicago-based burger…

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A group of retired Sears Holdings Corp. workers is seeking court approval to form a committee to protect their life insurance benefits, claiming that the bankrupt retailer wrongfully terminated policies for tens of thousands of former employees.

In a court filing, the retirees said the spouses of some retirees who recently died were deprived of life insurance payments earned from years of work at Sears, which filed for bankruptcy last year, reported Bloomberg.

The filing cited one instance where…

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This is a roundup of Chicago tech and startup companies that received venture capital investments during the month of May. If one was missed, contact info@chicagoinno.com.

Chicago tech and startup companies raised at least $274 million in venture capital throughout the month of May, according to data compiled by Chicago Inno.

The month’s monster funding amount was due to Tempus’ $200 million Series F round that now values the company at $3 billion. Other notable venture capital rounds in May…

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Chicago tech company BigTime Software has raised a new round of funding as it grows its B2B billing software business.

BigTime Software announced Thursday that it raised $14 million in a round led by Boston-based private equity firm Wavecrest Growth Partners, with participation from MassMutual Ventures and Migration Capital.

The tech company, which has offices in the Loop, has now raised more than $17 million to date. In 2011, BigTime raised a $2.7 million Series A round from investors, such…

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The biggest tech hires and promotions in Chicago over the past month are recapped.

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Here is what American’s huge contingent of flight attendants looks like by the numbers, as the airline prepares to honor them.

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