18 research outputs found

    Venture capital-backed firms, unavoidable value-destroying trade sales, and fair value protections

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    This paper investigates the implications of the fair value protections contemplated by the standard corporate contract (i.e., the standard contract form for which corporate law provides) for the entrepreneurā€“venture capitalist relationship, focusing, in particular, on unavoidable value-destroying trade sales. First, it demonstrates that the typical entrepreneurā€“venture capitalist contract does institutionalize the venture capitalistā€™s liquidity needs, allowing, under some circumstances, for counterintuitive instances of contractually-compliant value destruction. Unavoidable value-destroying trade sales are the most tangible example. Next, it argues that fair value protections can prevent the entrepreneur and venture capitalist from allocating the value that these transactions generate as they would want. Then, it shows that the reality of venture capital-backed firms calls for a process of adaptation of the standard corporate contract that has one major step in the deactivation or re-shaping of fair value protections. Finally, it argues that a standard corporate contract aiming to promote social welfare through venture capital should feature flexible fair value protections.info:eu-repo/semantics/publishedVersio

    A Synthetic Chloride Channel Restores Chloride Conductance in Human Cystic Fibrosis Epithelial Cells

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    Mutations in the gene-encoding cystic fibrosis transmembrane conductance regulator (CFTR) cause defective transepithelial transport of chloride (Clāˆ’) ions and fluid, thereby becoming responsible for the onset of cystic fibrosis (CF). One strategy to reduce the pathophysiology associated with CF is to increase Clāˆ’ transport through alternative pathways. In this paper, we demonstrate that a small synthetic molecule which forms Clāˆ’ channels to mediate Clāˆ’ transport across lipid bilayer membranes is capable of restoring Clāˆ’ permeability in human CF epithelial cells; as a result, it has the potential to become a lead compound for the treatment of human diseases associated with Clāˆ’ channel dysfunction

    Activation of PKC isoform Ī²I at the bloodā€“brain barrier rapidly decreases P-glycoprotein activity and enhances drug delivery to the brain

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    P-glycoprotein is an ATP (adenosine triphosphate)-driven drug efflux transporter that is highly expressed at the bloodā€“brain barrier (BBB) and is a major obstacle to the pharmacotherapy of central nervous system diseases, including brain tumors, neuro-AIDS, and epilepsy. Previous studies have shown that P-glycoprotein transport activity in rat brain capillaries is rapidly reduced by the proinflammatory cytokine, tumor necrosis factor-Ī± (TNF-Ī±) acting through protein kinase C (PKC)-dependent signaling. In this study, we used isolated rat brain capillaries to show that the TNF-Ī±-induced reduction of P-glycoprotein activity was prevented by a PKCĪ²I/II inhibitor, LY333531, and mimicked by a PKCĪ²I/II activator, 12-deoxyphorbol-13-phenylacetate-20-acetate (dPPA). Western blotting of brain capillary extracts with phospho-specific antibodies showed that dPPA activated PKCĪ²I, but not PKCĪ²II. Moreover, in intact rats, intracarotid infusion of dPPA potently increased brain accumulation of the P-glycoprotein substrate, [3H]-verapamil without compromising tight junction integrity. Thus, PKCĪ²I activation selectively reduced P-glycoprotein activity both in vitro and in vivo. Targeting PKCĪ²I at the BBB may prove to be an effective strategy for enhancing the delivery of small molecule therapeutics to the brain
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