San Diego Business Journal


Local Group Applies to FDIC to Create New Bank

A group of San Diegans this month filed an application with the Federal Deposit Insurance Corp. seeking approval to form a new community bank.

Court Dismisses Lawsuit over Tourism Marketing District Fee

The Superior Court of California has issued a tentative ruling dismissing a lawsuit filed over a hotelier-approved assessment on hotel room bills, which funds operations of the San Diego Tourism Marketing District.

Qualcomm Life, Philips Partnering on Connected Health Devices, Informatics

San Diego wireless medical device company Qualcomm Life Inc. will leverage the health-care data management expertise of Netherlands-based Royal Philips under a partnership announced Aug. 31.

Senomyx Receives Approval to Sell Flavor Ingredients in China

Senomyx Inc., a local biotech that makes flavor enhancers, has landed regulatory approval in China to sell two of its product ingredients: Sweetmyx SR96 and Bittermyx BB68.

Salk Institute to Co-Lead Effort to Find Treatments for Schizophrenia, Bipolar Disorder

San Diego research facility Salk Institute for Biological Studies is co-leading a $15.4 million stem cell-based effort to find drugs that work against schizophrenia and bipolar disorder.

Nobel Prize Winning UCSD Professor Roger Tsien Dies

Roger Tsien, the University of California, San Diego School of Medicine professor who shared the 2008 Nobel Prize in chemistry, has died at the age of 64.

Palomar Health Joins American Joint Replacement Registry

Palomar Health announced it has joined the American Joint Replacement Registry, a move that will give the Escondido-based health-care system reports and a database allowing it to compare its own performance with national benchmarks, ideally leading to better patient care.

Qelzal Corp. Names Benson Its CEO.

Qelzal Corp. has named Rob Benson its CEO.

ICW Group Insurance Cos. Names Guthrie to Newly Created VP Role

San Diego-based ICW Group Insurance Cos. on Aug. 31 named Kristin Guthrie vice president of customer experience, a newly created position.

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Orexigen Therapeutics Enters Commercialization Agreement With Canadian Company

Local drugmaker Orexigen Therapeutics Inc. has inked a commercialization deal with Valeant Canada, a subsidiary of the global pharma Valeant Pharmaceuticals International Inc.

Qualcomm and Boehringer Ingelheim to Work on Digital Tracking Device to Monitor Inhaler Use

San Diego-based Qualcomm Inc. and Boehringer Ingelheim Pharmaceuticals Inc. announced Aug. 30 that they will jointly develop a small, wireless device to track patients’ use of the Connecticut company’s Respimat inhaler for patients with chronic obstructive pulmonary disease.

Hylton Named Executive Director of Contextual Robotics Institute at UCSD

Officials at the University of California, San Diego announced on Aug. 29 that Todd Hylton of Brain Corp. is joining the university’s Contextual Robotics Institute as executive director.

Biocept Inc. Announces Deal With Teneovita for Marketing, Distributing Diagnostic in Canada

San Diego’s Biocept Inc. has struck a new deal with Teneovita Medical under which the Vancouver-based provider will market and distribute Biocept's liquid biopsy testing services.

Cubic Corp. Receives $80M Task Order for Military Training Support

Kearny Mesa-based Cubic Corp. said on Aug. 29 that it received a five-year, $80 million task order to support aviation training at five U.S. Navy and U.S. Marine Corps bases.

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Developer Begins Work on $25M Chula Vista Apartment Project

Los Angeles-based LaTerra Development LLC has started construction on Stone Creek Casitas, a $25 million project in Chula Vista that will have 97 garden-style apartments.

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Maritime Museum Debuting Tours of San Salvador Replica

A $6.2 million replica of the ship that first brought explorer Juan Rodriguez Cabrillo to local shores in 1542 is scheduled to make its public debut for tours Sept. 3-5 at the Maritime Museum of San Diego.

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Miramar Industrial Building Sells for $3.94 Million

A San Diego buyer recorded as RM-Use LLC has acquired a Miramar industrial building for approximately $3.94 million, according to CoStar Group and public data.

Scripps Partnering With MD Anderson for Cancer Care Program

Scripps Health joined the University of Texas MD Anderson Cancer Center Aug. 29 in announcing an agreement to partner on the creation of Scripps MD Anderson Cancer Center, a clinically integrated, comprehensive regional program based in San Diego that will compete against the area’s most prominent cancer care provider, UC San Diego Health System.

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Oceanside Retail Center Sold for $23.2 Million

Illinois-based InvenTrust Properties Corp. has acquired the Old Grove Marketplace retail center in Oceanside for approximately $23.2 million, the company announced.

Datron Gets $495M Foreign Military Sales Contract

Afghanistan continues to be a plum market for Datron World Communications.