SD FINANCE
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Doing Their Share
FINANCE: Local Biotech IPOs Were Market Forces in 2013This has been a banner year for the life sciences initial public offering. Despite a recent downtick in IPO activity, San Diego has been a national leader in biotechnology and medical device companies going public this year. December 7, 2013 midnight $$ Share
Glacier Water Revenue Increases 13.2% for Q3
Glacier Water Services, the Vista operator of drinking water vending machines, reported third quarter revenue of $35.4 million, up 13.2 percent compared with the like quarter of last year.
Senhwa Biosciences Raises $17M in Financing Round
Senhwa Biosciences Inc., a cancer drug company based in Taiwan and San Diego, has raised $17 million in a Series B financing round.
Coalition Launching Campaign to Overturn Linkage Fee Hike
San Diego opponents of a newly approved increase in commercial developer “linkage” fees plan to launch a signature drive aimed at overturning the decision or placing it before voters.
Survey Finds Local Employers Hesitant About Hiring
San Diego employers expect to hire at a cautious pace for the first quarter of 2014, according to the Manpower Employment Outlook Survey.
Pathfinder Partners Buys Seattle Condo Development for $13.2 Million
San Diego-based investment firm Pathfinder Partners LLC has purchased a Seattle condominium development for $13.2 million, marking its fifth acquisition in that market.
Salk Institute Names Alan Gold and David Hale to Its Board
The Salk Institute for Biological Studies in La Jolla has appointed two veteran businessmen to its board – Alan Gold, Chairman and CEO of BioMed Realty Trust, and venture capitalist David Hale, CEO of Hale BioPharma Ventures LLC.
WD-40 Co. Announces Dividend Increase
WD-40 Co. announced a 10 percent increase of its regular quarterly dividend to $0.34 per share, payable Jan. 31, 2014, to stockholders of record on Jan. 6, 2014.
Accelrys Acquires Irish Software Company for $50 Million
San Diego-based life sciences software company Accelrys Inc. has acquired Ireland-based Qumas for $50 million in cash.
Buyers Give Companies Billions of Reasons to Sell in 2013
ACQUISITIONS: Big Deals Dominate the Scene in 2013 As San Diego Is Sellers Market
A soaring stock market spurred a spate of San Diego company acquisitions this year, with six exceeding billion-dollar valuations.
Volunteers Raise $300K Walking Off Thanksgiving Day Turkey
Kudos/Giving Column
Father Joe’s Villages 12th annual Thanksgiving Day 5Krun/walk fundraiser drew more than 8,000 people. Presented by Wells Fargo, the event organizers reported a net of about $300,000 toward the outreach programs Father Joe’s makes to those in need in the San Diego community.
Cubic Corp. Announces $70M Defense Contract, Reports Earnings
San Diego-based Cubic Corp. said that its defense systems subsidiary received a contract worth more than $70 million from an overseas customer.
Newport Beach Firm Buys Escondido Office Building for $22.3 Million
Peregrine Realty Partners of Newport Beach has purchased La Terraza Corporate Plaza, an office building in Escondido, for $22.3 million, according to brokerage services company CBRE, which represented the buyer and seller.
San Diego Economic Index Drops Slightly in October
An index measuring San Diego’s economy fell 0.4 percent in October, the first time it’s dropped since August of 2012.
Ligand Pharmaceuticals Raises Q4 and 2013 Forecast
Ligand Pharmaceuticals Inc. has grown its revenue and net income guidance, due to better-than-expected sales of its Captisol product.
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