San Diego Business Journal

SD HEALTHCARE

Recent and archived news stories on: Biotechnology, Doctors, Drugs, Health Insurance, HMO's/PPO's, Hospitals, Medical Devices, Nursing...

Tennessee Company Acquires Tri-City Emergency Medical Group Operations

TeamHealth Holdings Inc., a physician services organization based in Knoxville, Tenn., announced the acquisition of the operations of Tri-City Emergency Medical Group in Oceanside. Terms of the deal were not disclosed.

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Betting On Biotech

Life Sciences’ Need for Space Spurs Developers to Pursue Spec Projects

The high demand for biotech office space in San Diego is boosting the confidence of traditionally cautious landlords. Rather than waiting to build a project until a tenant is lined up, life science construction companies are building sprawling campuses based on speculation alone.

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Oncternal Therapeutics, Tokalas Merge and Form Biotech Company

San Diego-based companies Oncternal Therapeutics Inc. and Tokalas Inc. have merged and created a clinical-stage oncology company with two pipeline products.

Cognitive Medical Systems Partners with Accenture on Deal Worth Up to $22.3B

Cognitive Medical Systems, a San Diego-based company specializing in health IT software, announced May 31 that it will partner with Accenture on a multiple-award federal technology contract worth up to $22.3 billion.

BNBuilders Begins Remodel at Scripps La Jolla

BNBuilders, a general contractor with a San Diego office, announced the start of the remodel of the obstetrics unit at Scripps Memorial Hospital La Jolla May 31.

Orexigen Co-founder Resigns From the Board of Directors

San Diego drugmaker Orexigen Therapeutics Inc. announced May 27 that Dr. Eckard Weber, the company’s co-founder and former chairman, has resigned from the board of directors.

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Phoenix House California Names New Executive Director

Phoenix House California named Shawna Morris its executive director over the nonprofit's California locations, including Phoenix House San Diego.

Justice Department Sues Prime Healthcare

The U.S. Department of Justice on Wednesday announced that it has filed a Medicare-fraud lawsuit against Prime Healthcare Services Inc. of Ontario, which owns Alvarado Hospital in San Diego, where a whistleblower complaint initiated an investigation.

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Biotech Investor Makes San Diego the Center of His Ecosystem

FINANCE: Xanthopoulos Brings Leadership, Focus And Location to Companies

The growth of San Diego’s biotech hub is often credited to a small but active pool of “serial entrepreneurs.” As the historically vibrant ecosystem begins to dim in a down market, a few bold individuals with enough cash or clout to refuel the sector become increasingly valuable.

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Avalon, GSK Launch Their Eighth Startup

DRUGS: Tougher Times in Pharma Add to Challenges

Avalon Ventures LLC is launching an additional startup out of its venture capital incubator in La Jolla. The firm, called PDI Therapeutics Inc., is jointly backed by British drugmaker GlaxoSmithKline plc and San Diego’s Avalon as part of an ongoing partnership.

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Performing Under Pressure

BIOTECH: Exec Brings Co. to S.D. To Work on Stroke Treatment Device

Kleanthis Xanthopoulos, a veteran of San Diego’s biotech community, is heading up a new venture in La Jolla.

Qualcomm and Medtronic Team Up on Disposable Diabetes Tech

Qualcomm Life, the San Diego healthtech subsidiary of Qualcomm Inc., is teaming up with Medtronic Plc to develop disposable glucose monitoring systems for type 2 diabetes patients.

UC San Diego Key Partner in New Binational Institute

Advanced materials able to withstand extreme environments are the focus of a new binational institute inaugurated May 24.

La Jolla-Based Innovus Acquires Texas Firm

La Jolla’s Innovus Pharmaceuticals Inc., a commercial-stage drug company that makes over-the-counter medicine, has acquired Austin, Texas-based Beyond Human for $630,000 in cash.

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MDRejuvena Appoints Kriech as President and CEO

San Diego skin care firm MDRejuvena Inc. has appointed Randy Kriech as president and CEO of the company.