San Diego Business Journal


Recent and archived news stories on: Biotechnology, Doctors, Drugs, Health Insurance, HMO's/PPO's, Hospitals, Medical Devices, Nursing...
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Obalon Therapeutics Announces $75M IPO; Gets FDA Approval

San Diego’s Obalon Therapeutics is on a roll. After announcing a $75 million IPO on Friday, the company said this morning that it has received FDA approval of its lead product: the Obalon Balloon System.

Poseida Therapeutics Names Members of New Scientific Advisory Board

Poseida Therapeutics Inc., a local firm using gene editing to develop therapies, has announced its scientific advisory board.

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West Health Names Zia Agha Chief Medical Officer

Dr. Zia Agha has been promoted to become chief medical officer at West Health, a clinical research, advocacy and philanthropy organization based in San Diego.

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Synthetic Genomics Inc. May Have ‘Built’ Better Bacteria

BIOTECH: Vmax Could Be Replacement For E. Coli in Labs

Scientists at Synthetic Genomics Inc. have harnessed the fastest-growing organism on the planet to be the new workhorse of the biotech industry.

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Co. Plans to Launch New Medical Image Management System

MEDICINE: StatRad Raises $13M, Prepares Marketing Team

A local company that only three years ago expanded from teleradiology to cloud-based medical imaging services is about to transform again.

Lpath Inc. to Merge With Texas-Based Apollo Endosurgery

San Diego drug developer Lpath Inc. is calling it quits, and merging with Austin, Texas-based Apollo Endosurgery.

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Under The Microscope

MEDICINE: Co. Shares Its Lab Expertise to Cut Costs and Improve Care

In an industry where business models often promote outsourcing of health care services, San Diego-based blood and laboratory services company Accumen Inc. is growing quickly by doing the opposite: partnering with hospitals to make the most of their in-house blood transfusion and lab-testing operations. Since its first business deal five years ago this month, Accumen says its revenue has climbed 20 percent to 50 percent per year — unremarkable for a young company until you consider it became profitable its second year, paid cash in spring for a Michigan laboratory consulting

CardioCell LLC Retains Objective Capital Partners

San Diego biotech CardioCell LLC has retained Objective Capital Partners, an investment bank and mergers and acquisitions advisory firm, to help the company “manage growth,” the company said in a statement.

Three Physician Associations Form New Group

Three locally based independent physician associations have joined to create a new, for-profit administrative organization allowing San Diego County employers to negotiate directly with more than 800 doctors covering most medical specialties.

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Mike Eklund Named COO/CFO at DJO Global

Vista-based medical device maker DJO Global Inc. has recruited former Dell executive Mike Eklund to serve as the company’s new chief operating officer and chief financial officer.

Leadership Changes Announced at Three Life Science Cos.

Three San Diego life science companies made leadership changes over the holiday weekend.

Arena Pharmaceuticals Launches Independent Incubator

Local drugmaker Arena Pharmaceuticals Inc. has launched a new and independent incubator called Beacon Discovery, the company announced Sept. 1.

Sharp Chooses System to Integrate Its Electronic Health Record System With Affiliated Group

Sharp HealthCare has agreed to extend its Cerner Corp.-developed electronic health record system to Sharp Community Medical Group, one of the San Diego-based health system’s affiliated medical groups.

Zavante Therapeutics Secures $10 Million Loan

Zavante Therapeutics, a San Diego startup launched by biotech veterans last fall, has secured a $10 million loan from Square 1 Bank, a division of Pacific Western Bank.

Scripps Health Acquires Assets of Pacific Coast Women’s Health Medical Group

Scripps Health has acquired the assets of Pacific Coast Women’s Health Medical Group, whose physicians become part of Scripps Coastal Medical Group under a transaction announced Sept. 1.