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...

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.

MEI Pharma Raises $46 Million in Public Offering

MEI Pharma Inc., a clinical-stage oncology company, announced that it has raised about $46 million from the sale of 11.5 million shares of its common stock.

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AMN Healthcare to Acquire 3 Brands From OGH LLC

AMN Healthcare Services Inc., a San Diego-based health care staffing company, announced an agreement to acquire Onward Healthcare, Locum Leaders and Medefis from OGH LLC for $82.5 million.

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Halozyme Therapeutics, Janssen Biotech Sign Agreement

Halozyme Therapeutics Inc., a San Diego-based biopharmaceutical company, will receive $15 million as an initial payment from Pennsylvania-based Janssen Biotech Inc. as part of a collaboration and license agreement to develop and commercialize products combining Halozyme’s technology with Janssen’s compounds.

Royal Philips NV Buys Volcano Corp. for $1 Billion

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

Rock My World Adds New Feature to Music App

Downtown-based Rock My World has trotted out a new feature on its RockMyRun music app for iPhones — one that plays tunes in synch with a listener’s heartbeat.