San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Business Calendar for Week of October 20, 2014

Some of the business events scheduled in the county for the week of October 20, 2014.

Registrar Validates Signatures for Potential Vote on Minimum Wage

Registrar of Voters has validated signatures collected by opponents of a recently approved hike in San Diego’s minimum wage, meaning enforcement will be delayed until the issue is decided by voters.

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Orexigen Therapeutics Earns $70 Million Milestone Payment

Orexigen Therapeutics Inc. announced it has earned a $70 million milestone payment from partner Takeda Pharmaceuticals related to the shipment of Contrave to pharmacy wholesalers in preparation for commercial launch.

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Hilton Plans New Canopy Hotel in Downtown San Diego

Virginia-based Hilton Worldwide has a large new tower-style hotel planned for East Village, as part of a national rollout of a new upscale brand called Canopy by Hilton.

Region Ranks Sixth in Q3 Venture Capital Dollars

Twenty one San Diego area businessesattracted about $220 million in venture capital during the third quarter, according to the Dow Jones VentureSource report.

New Qualcomm Robotics Accelerator to Support Early-Stage Companies

Qualcomm Inc. and Colorado-based Techstars announced plans to start an incubator program for early stage companies that specialize in robots. Qualcomm (Nasdaq: QCOM) pledged to put more than $1 million into the project.

Batu Biologics Signs Licensing Agreement With UC San Diego

Batu Biologics Inc., an immunotherapy company developing a cancer vaccine, announced the signing of a license agreement with the Regents of the University of California, San Diego granting exclusive rights to peptide drugs developed at UC San Diego that have been proven to stimulate cancer-killing immune responses.

The Search Is On – Emerging Generation Award Nominations Close October 24

The San Diego Business Journal is accepting nominations for the 2014 Emerging Generation Awards, which honors up-and-coming leaders in their 20s.

Vassiliadis Gives $8.5M for Jacobs Medical Center

Local philanthropist Carol Vassiliadis has donated gifts totaling $8.5 million to the University of California, San Diego for the future development of the Jacobs Medical Center.

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New Tenants Join Lineup at Regency’s Balboa Mesa Center

Locally-based Chicken Charlie’s, long known for its deep-fried offerings at the San Diego County Fair and fairs in Los Angeles and Orange counties, is among 14 new tenants recently signed to leases at Balboa Mesa Shopping Center in San Diego’s Clairemont neighborhood, according to property owner Regency Centers.

Seacoast Commerce Bank Reports Q3 Results

Seacoast Commerce Bank, based in San Diego, reported third quarter net income of $1 million, compared with net income of $250,000 for the like quarter of last year.

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Spirit Airlines Plans New Local Nonstop Service to Denver

Florida-based discount carrier Spirit Airlines plans to offer new daily nonstop service from San Diego to Denver starting Jan. 5, 2015.

Former Mayor O’Connor Makes List of California’s Top 500 Tax Debtors

Former San Diego Mayor Maureen O’Connor was on the latest list of California’s Top 500 Tax Debtors released by the state’s Franchise Tax Board.

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Three Companies Selected for Inaugural Illumina Accelerator

Illumina Inc. announced the selection of three startup companies for the inaugural Illumina Accelerator funding cycle. The companies are Encoded Genomics Inc., EpiBiome Inc., and Xcell Biosciences Inc.

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Qualcomm to Buy British Company for $2.5 Billion

Qualcomm Inc. said Oct. 15 that it has agreed to buy CSR plc, a British fabless semiconductor company, for $2.5 billion in cash.

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Cisterra Expects June Completion for New Sempra Headquarters Tower

San Diego-based Cisterra Development is anticipating a June 2015 completion for the new headquarters building for Sempra Energy, currently under construction in downtown’s East Village neighborhood.

County Investment Pool Receives High Rating

San Diego County’s investment pool, used by local agencies for their short term cash needs, received Standard & Poor’s highest ratings for credit quality and volatility again based on its past fiscal year results, said County Treasurer-Tax Collector Dan McAllister.

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Work Progressing on $43 Million Senior Care Facility in Chula Vista

Construction is progressing on a new $43 million retirement and care community in Chula Vista, being built by St. Paul’s Senior Homes & Services.

Lawsuit Filed Against Carlsbad Resort Over Poinsettia Fire

A lawsuit filed by property owners blames the Omni La Costa Resort & Spa in Carlsbad for starting the Poinsettia Fire, which destroyed several homes and businesses in May.

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Aethlon Medical Device Used in Treatment of Ebola Patient

Aethlon Medical Inc., a San Diego-based medical device company, announced the first use of Hemopurifier therapy on a patient infected with Ebola virus.