SD HEALTHCARERecent and archived news stories on: Biotechnology, Doctors, Drugs, Health Insurance, HMO's/PPO's, Hospitals, Medical Devices, Nursing...
BIOTECH: PwC Reports Q1 2013 Drop In Dollars and Deals
Lumena Pharmaceuticals Inc., a San Diego-based manufacturer of liver disease drugs, recently secured $23 million in Series A financing.
MEDICINE: UCSD Surgeons, Firm Develop Corrective Magnetic Rods
Implanted, growing magnetic rods — they sound like something out of a sci-fi movie.
BIOTECH: Funding Allows Firm Flexibility for Development
In rapid succession San Diego’s Ambrx Inc. has received sizable payouts from sizable drug companies, most recently penning a cancer drug development deal with New York-based Bristol-Myers Squibb.
It’s been a busy few weeks for San Diego’s biotechs. Acquisitions, partnership payouts and a number of IPOs are in the works—all signs that the sector, somewhat sluggish post-recession, is picking up its pace.
HEALTH: Bankrupt Facility Will Still Be Used as Hospice
A heated auction in federal bankruptcy court last week culminated in Scripps Health making a winning $16.55 million bid for San Diego Hospice’s eight-acre Hillcrest property.
Family-owned fixed auditorium seating provider Seating Concepts LLC, which was started in Mexico with just 5,000 in pesos in 1926, and moved to the U.S. in the 1980s, has announced that it has relocated its global corporate headquarters near Lindbergh Field in San Diego.
BIOTECH: Former Canadian Firm Developing BPH Treatment
Sophiris Biosciences Inc.’s story is one of immigration and, in a way, the pursuit of the American dream: It’s a Canadian-turned-American pharmaceutical company that’s using its newfound San Diego base to restructure and ramp up development plans for its drug that treats prostate enlargement.
RESEARCH: Biotech Innovations Are Fueling Cosmeceutical Competition
A handful of San Diego companies are competing in the lucrative high-end skincare market, using a grounding in real science to produce and promote their beauty wares.
BIOTECH: Carlsbad Facility Plans to Open Field to Citizen Scientists
Kevin Lustig has an eye for slogans. He’s the CEO of what he calls “the Amazon.com of biotechnology,” and his latest venture is opening “the world’s largest garage laboratory.”
MEDICINE: Venture Will Find and Further Promising Research
In a unique deal that will create and bankroll 10 new San Diego drug companies, La Jolla investment firm Avalon Ventures has teamed up with British drugmaker GlaxoSmithKline Plc to funnel up to $495 million into new startups over the next three years.
Social networking helps patients with life-threatening conditions find both valuable information and peer counsel — and drug companies are finding these forums highly useful in developing clinical trials and treatments.
San Diego-based Topera Inc. has announced a $25 million series C financing round to commercialize its medical device that treats irregular heartbeats.
San Diego-based medical device maker CareFusion Corp. announced it will pay the government about $41 million to resolve an investigation related to the company’s sales and marketing practices.
BofI Holding Inc., the San Diego-based parent of BofI Federal Bank, said it recently launched a healthcare finance unit that will focus on financing solutions to lower and middle market healthcare providers with needs ranging from $1 million to $30 million.