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...

Sorrento Therapeutics Registers for Possible IPO for Animal Health Subsidiary

Sorrento Therapeutics Inc. has submitted a draft registration statement on a confidential basis with the U.S. Securities and Exchange Commission for a possible initial public offering of shares of common stock of its wholly-owned subsidiary, Ark Animal Health Inc.

Hillary Clinton Set for Keynote Conversation at BIO Convention

Former Secretary of State Hillary Clinton is scheduled to participate in a keynote conversation at the BIO International Convention at the San Diego Convention Center June 25, according to BIO.

Free Testing Cups Cost Company

A federal jury in Florida on June 16 decided that San Diego-based Millennium Laboratories violated laws against kickbacks by giving physicians free urine testing cups, and it awarded a Baltimore-based competitor nearly $15 million in mostly punitive damages.

Free Testing Cups Cost Millennium Laboratories $14.8M

A federal jury in Florida on Tuesday decided that San Diego-based Millennium Laboratories violated laws against kickbacks by giving physicians free urine testing cups, and it awarded a Baltimore-based competitor nearly $15 million in mostly punitive damages.

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CareFusion Launches New Line of Surgical Instruments

CareFusion announced the commercial launch of its new micro-laparoscopic line of surgical instruments.

La Jolla Pharmaceutical Enters Agreement With Stanford

La Jolla Pharmaceutical Co. has signed an option agreement with Stanford University that will add proprietary technology to its programs, the pharma company said.

RuiYi Gets $4M Loan From Sillicon Valley Bank

Debt financing follows $15 million equity financing.

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OncoSec Medical Inc. Reports YTD Results

OncoSec Medical Inc. reported a net loss of $8.5 million, or $0.05 per share, for the nine months ended April 30, 2014.

Sorrento Therapeutics Inc.'s Underwriters Are All In on Allotment Purchase

Sorrento Therapeutics Inc. announced that the underwriters of its previously announced public offering of 4,765,000 shares of its common stock have exercised in full their option to purchase an additional 714,750 shares of common stock from the company at $5.25 per share.

Organovo Holdings Inc. Reports 2014 Fiscal Year Results

San Diego-based Organovo Holdings Inc. reported revenues of $400,000 for the fiscal year ending March 31, 2014 compared with revenues of $1.2 million for the year ended Dec. 31, 2012.

Symposium Set to Offer Businesses Some Health Care Solutions June 19

Intercare Insurance Solutions, a HUB International Co., is holding a Corporate Wellness Symposium June 19.

So Long and Thanks for All the Health Care, Biotechnology News

(Editor’s note: This is the final column on biotechnology and health care from Meghana Keshavan, who leaves the San Diego Business Journal as of this issue to join a national online publication focused on innovation in the health care industry.)

Pfenex Seeking $74.8M in Initial Public Offering

Biotech: Company Sees Huge Market for Biosimilars As Patents on Biologics End

Pfenex Inc., a spinoff of Dow Chemical Co., is the latest San Diego biotech to file for an initial public offering. The company is looking to raise $74.8 million as it focuses development on a growing class of drugs called biosimilars, which are projected to make a large dent in big pharma sales as patents for biologic drugs expire.

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Orexigen Stock Slides After Delay of FDA Approval for Weight-Loss Drug

Possible approval of weight-loss drug pushed back to September.

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Oceanside Building Housing Surgery Center Sells for $4.8 Million

The property was fully leased.