Business briefs

Feb. 25, 2013 @ 06:39 PM

TearScience gets $70 million in funding

MORRISVILLE — TearScience Inc., a private medical device company, announced Monday it has secured up to $70 million in funding from HealthCare Royalty Partners.

The company said it plans to use the funding for commercialization efforts. The company wants to establish its system as the standard of care for evaporative dry eye.

“HealthCare Royalty Partners’ funding and partnership will provide TearScience the financial resources to build on our success and fully execute on our global commercialization efforts,” Tim Willis, president and CEO of TearScience, said in a news release.

AT&T details investment in Durham, Chapel Hill

DURHAM – AT&T said it has invested nearly $100 million in its Durham-Chapel Hill area wireless and wireline networks between 2010 and 2012.

The company said in a news release Monday those investments were focused on expanding the company’s 4G LTE mobile Internet coverage and improving the performance of its networks.

AT&T 4G LTE, a wireless network technology that aims to provide faster mobile Internet speeds and improved performance on a variety of smartphones and tablets, is available in select markets.

The company said it made upgrades in the Durham and Chapel Hill areas last year that included activating new cell sites, adding capacity, upgrading cell sites to provide 4G LTE mobile Internet speeds, deploying high-capacity ethernet connections to cell sites and adding or upgrading distributed antenna systems, which boost wireless coverage and capacity in buildings and at major venues like convention halls or sports arenas.

AT&T launched 4G LTE in Durham in February of last year and in Chapel Hill in January 2012, the company said in the release.