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AnaptysBio Inc. could receive up to $125 million from a new partnership with Massachusetts cancer drugmaker Tesaro Inc., including $17 million upfront
Forbes recently named San Diego as the No. 1 city in which to launch a startup.
Last month, the nation’s top banking regulator, the Federal Deposit Insurance Corp., reported that the aggregate net profit of the nearly 7,000 banks in the nation last year increased 10 percent to $154.7 billion.
San Diego-based Sudberry Properties Inc. has purchased two Scripps Ranch buildings for $8 million, on a site where it plans to build a shopping center, according to CoStar Group and public data.
San Diego-based Retail Opportunity Investments Corp., also known as ROIC, has purchased Creekside Plaza, a six-building shopping center in Poway, for approximately $43.9 million, according to CoStar Group and public data.
Lumena Pharmaceuticals Inc. has closed a $45 million Series B round, and will use the funding to develop drugs for two diseases of the liver.
Bridgepoint Education Inc., the San Diego operator of Ashford University and the University of the Rockies, reported lower revenue and profit for the fourth quarter and 2013.
Solana Beach-based investment and development firm SR Commercial has acquired four Vista industrial buildings, totaling more than 168,000 square feet, for $15.2 million.
Tory Nixon, the San Diego division president for California Bank & Trust, was named division president to CB&T’s Northern California division as well.
The Unified Port of San Diego has approved a financing plan for a renovation of Kona Kai Resort at Shelter Island, under which hotel operators will obtain a maximum $16.5 million loan from Torrey Pines Bank.
San Diego’s unemployment rate increased to 7 percent in January from December’s rate of 6.5 percent, as the region’s net job loss during the month was 16,400, according to the latest report from the state’s Employment Development Department.
Intrexon Corp. has completed its acquisition of San Diego-based Medistem Inc., the acquiring company announced.
Novatel Wireless Inc., the San Diego-based maker of wireless modems and software, reported a 2013 fourth quarter net loss of $21.3 million, compared with a net loss of $14.9 million in the like quarter of 2012.
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