SD BUSINESS JOURNAL DAILY ENEWS
Ambrx Secures $15M Payout From Bristol-Myers Squibb
La Jolla-based biotech Ambrx Inc. secured a $15 million payout from Bristol-Myers Squibb, with milestone payments tallying as much as $97 million.
Japan’s FTC Approves of Pending Acquisition of Cymer
Japan’s Fair Trade Commission gave its blessing on the pending acquisition of San Diego-based Cymer Inc. by ASML Holding NV, based in the Netherlands.
Excel Trust Sees Increase in 1st Quarter Revenue
Excel Trust Inc. saw first quarter revenue rise 38 percent from the same period a year ago, according to a statement from the San Diego-based real estate investment trust.
Abide Therapeutics Enters Drug Development Deal With Merck & Co. Inc.
La Jolla-based Abide Therapeutics Inc. has entered a drug development deal that could bring in up to $430 million with drug maker Merck & Co. Inc.
RedIT Opens ‘Data Park’ in Mexico City
San Diego-based RedIT announced it has opened a “data park” in Mexico City.
Honest Kitchen Is Offering Special Goat’s Milk Pet Food
It’s a mealtime treat with some bleat. The Honest Kitchen has augmented its pet-food line with Pro Bloom, a shelf-stable instant goat’s milk with digestive enzymes and probiotics.
Business Events Calendar
Business events in and around San Diego County for the week of May 6-May 12.
Life Technologies Reports Revenue of $963M for Q1
Revenue for Life Technologies was $963 million for the quarter ending March 31 — a 2.5 percent increase over the $939 million reported for the first quarter of 2012.
Smashburger Opens 11th San Diego County Restaurant
Fast-casual restaurant chain Smashburger has opened a new location in San Marcos, its 11th in San Diego County.
Sempra Energy Reports Net Income of $178M for Q1
Sempra Energy, San Diego’s parent to San Diego Gas & Electric and other entities, reported first quarter net income of $178 million, down from $226 million in net income for the first quarter of 2012.
Local Economic Index Increases 0.3% in March
Led by a drop in the number of unemployment claims, an index tracking San Diego’s economy increased 0.3 percent in March.
BioMed Reports Record Revenue for First Quarter
BioMed Realty Trust Inc. posted a company record $160.5 million in revenue for its first quarter ending March 31, an increase of 33.7 percent from the year-ago period.
U.S. Chamber of Commerce Foundation to Hold ‘Hiring Our Heroes’ Job Fair
The U.S. Chamber of Commerce Foundation is hosting a Hiring Our Heroes job fair at Camp Pendleton May 7 aimed at the spouses of active duty, guard, reserves, and retired veterans.
Millennium Laboratories Appoints W. Brock Hardaway as CEO
San Diego-based clinical diagnostic lab Millennium Laboratories has appointed health care executive W. Brock Hardaway as its new CEO.
San Diego Business Journal's Fastest Growing Companies Nominations Close Today
Nominations for the San Diego Business Journal’s Annual Fastest Growing Private Companies will close today, May 3.
DexCom Inc. Reports Revenue of $27.8M for Q1
Revenue for San Diego diabetes testing equipment maker DexCom Inc. rose to $27.8 million for the first quarter of 2013.
Three More Eateries Confirmed for $40M Headquarters Project
The Cheesecake Factory, Eddie V’s and Seasons 52 have joined the roster of new restaurants set to debut at The Headquarters, the $40 million retail center being developed in downtown San Diego by Terramar Retail Centers, in the former Old Police Headquarters building.
San Diego Gas & Electric Launches $1M Environmental Champions Initiative
San Diego Gas & Electric has launched a new Environmental Champions initiative, in which it’s donating $1 million to fund local environmental nonprofit organizations in San Diego and southern Orange counties.
Clothing Retailer Madewell Opening at Fashion Valley
Casual clothing retailer Madewell Inc. is scheduled to open its first San Diego County store May 7 at Fashion Valley mall.
Leap Wireless Reports Net Loss of $111.3M for Q1
Leap Wireless International Inc., the San Diego flat-rate wireless carrier that does business under the Cricket brand, reported a first quarter net loss attributed to common shareholders of $111.3 million compared with a net loss of $98.4 million in the like quarter of 2012.
