San Diego Business Journal


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

Kevin Sayer Named President/CEO of DexCom Inc.

DexCom Inc. announced that Kevin Sayer, currently the company's president and chief operating officer, has assumed the role of president and chief executive officer.

GlySens Announces Close of $12 Million Series C round

San Diego-based GlySens Inc., a medical technology company, announced Monday that it has closed a $12 million Series C investment round.

PocketDerm Raises $2.85 Million From Sale of Securities

San Diego-based PocketDerm LLC, a dermatology-targeted telehealth startup, has raised $2.85 million from the sale of securities, according to a recent regulatory filing with the Securities and Exchange Commission.

FDA Approves Clinical Testing of Aethlon's Ebola Treatment

San Diego-based Aethlon Medical Inc., a medical device company developing therapies for infectious diseases and cancer, announced that the U.S. Food and Drug Administration (FDA) has approved a clinical protocol to treat Ebola-infected individuals in the U.S. with the Aethlon Hemopurifier.

Kaiser Mental Health Clinicians to Strike Over Staffing Issues

Kaiser Permanente’s 2,600 California mental health clinicians — psychologists, therapists and social workers represented by the National Union of Healthcare Workers (NUHW) — will launch a statewide strike on Monday, Jan. 12, to protest Kaiser’s alleged failure to provide its patients with timely, quality mental health care, according to a recent press release issued by the NUHW.

Hera Therapeutics Raises $1.7 Million in Equity Financing

Hera Therapeutics Inc., a biotech startup operating in the Janssen Labs incubator, has raised $1.7 million in equity financing from 19 investors, according to a Dec. 23 filing with the U.S. Securities and Exchange Commission.

Billionaire Soon-Shiong Invests $48M in Conkwest Inc.

For the second time this month, Dr. Patrick Soon-Shiong, a biomedical entrepreneur Forbes says is worth $13 billion, has invested in a San Diego biotech company.

Avacen Inc. Launches $2 Million Crowdfunding Campaign

Avacen Inc. announced that it has launched a $2 million crowdfunding campaign to support the possible expanded use of its flagship product, the Avacen 100.

AltheaDx Planning Potential $69 Million IPO

San Diego-based AltheaDx Inc., which uses diagnostic tests and bioinformatics to help doctors identify the personalized drugs based on a patient’s genetic make-up, plans to raise as much as $69 million in an initial public offering.

Device-Maker BeneChill Inc. Seeks to Raise $14.6 Million

BeneChill Inc., a startup established in San Diego eight years ago to develop a rapid-chilling technology to treat patients suffering from heart attacks and brain injuries, intends to raise more than $14.6 million through an initial public offering.

ResMed Wins Patent Infringement Case Against Chinese Firm

Medical device company ResMed announced a victory in a patent infringement action against Chinese medical device manufacturer BMC Medical Co. Ltd.

AMN Healthcare Acquires Nebraska Company

AMN Healthcare Services Inc., the San Diego-based medical staffing firm, said it acquired Avantas, an Omaha, Neb. firm that provides clinical management services, for a price that could reach $25 million.

Court Ruling Against Utah Company Is Good News for Pathway Genomics

An appeals court has ruled against Salt Lake City-based Myriad Genetics Inc. regarding its gene sequencing patents used for breast and ovarian cancers. This ruling is not only good for defendant Ambry Genetics Corp., but for San Diego-based Pathway Genomics Corp., which has also been sued by Myriad.

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'Celebrity' Endorsement Boosts Isis Stock Price

Shares of Isis Pharmaceuticals Inc. soared to a record high the morning of December 19 following an endorsement by financial personality and former hedge fund manager Jim Cramer.

Royal Philips to Buy Volcano Corp. for $1 Billion

BIOTECH: S.D. Company’s Imaging Prowess Draws Buyer

Royal Philips NV agreed to buy San Diego-based Volcano Corp. for $1 billion to expand catheter-based imaging of the heart and blood vessels as part of a wider refocus on more profitiable markets, such as medical gear.