US company Oasys Water to sale forward osmosis (FO) technology IP after cash-flow issue

US company Oasys Water is exploring a sale of its forward osmosis (FO) technology IP after its cash-flow has run dry. The company became a much-needed success story for the niche FO technology, winning numerous industry awards and securing multiple rounds of funding. So what happened? The company was founded in 2008 by Rob McGinnis, developing technology which began at Yale University under Dr Menachem Elimelech. McGinnis then directed technology development as CTO until 2012. The firm closed $10 million in Series A financing in 2009 and raised a further $15 million in Series B funding five years later [