STARTUP: ‘Shark Tank’ Boosts Interest; Co. Battles Knock Offs
Founded in 2016 by CEO Noel Durity, a San Diego-based real estate broker, Twist It Up Comb came about after Durity realized using an actual tennis racket in a circular motion to twist his afro-centric hair was not only functional, but also cost-effective and sanitary; most twisting products currently in the market are porous sponges that tend to wear out after time.
According to a news release, Societe self-distributed for seven years, since launching in 2012.
PROPERTY: Two Million Square Feet Project May Draw Other Companies
A four-story distribution center that would be among the largest industrial buildings in San Diego County is being built for Amazon on a 65-acrce site in Otay Mesa.
RETAIL: Plans Complete Line of Hemp-Based Products Free of THC
For the last 20 years or so, Gina Champion-Cain has made a name for herself in San Diego, mostly in the real estate, hospitality and retail industries.
BIOTECH: Contraceptive Gel Is Part of CEO's Health Mission for Women
Evofem Biosciences wants to be the next big thing in birth control. After a long road, the San Diego biotech finds itself in a pivotal stretch.
Under the deal, Saudi Aramco would take a 25 percent stake in Sempra LNG's Port Arthur, Texas plant, which has yet to be financed and built. Sempra would export 5 million metric tons of LNG per year to Saudi Aramco.
SOFTWARE: Co.’s Interactive Marketing Gets Some Big Attention
Tiled, a Rancho Bernardo startup that helps companies make interactive marketing content, raised $1.5 million in a seed round that closed on May 20.
LEGAL: Qualcomm Case To Take Time to Play Out
It seemed like Qualcomm Inc. was in the clear after the company struck a settlement with Apple Inc. The deal removed several of Qualcomm’s largest legal obstacles, and returned one of its largest customers for the next six years.
PHARMA: $50M Series A to Target Energy, Metabolism Disorders
Former Lumena Pharmaceuticals Inc. executives are at it again. San Diego’s Reneo Pharmaceuticals emerged from stealth mode on May 20 with a $50 million Series A round to tackle metabolism and energy disorders.
PROPERTY: Tenant Demand Still Robust; Rents Increase
San Diego’s life sciences cluster produced only 77,600 square feet of occupancy growth in the first quarter of the year.
BIOTECH: BioNTech Plans to Establish a Local Research Facility
The recent acquisition of San Diego’s MabVax has been a long time coming. MabVax sold its cancer drug assets and its lab equipment to German company BioNTech, it was announced earlier this month.
DEFENSE: Rancho Bernardo Business Bought Back $2.2M of Its Stock
LRAD Corp., the maker of Long Range Acoustic Devices able to deliver sound over great distances intelligibly, reported net income of $1.18 million, or 4 cents per share, on total revenues of $10.2 million during its second quarter, which ended March 31.
FOOD: Company Appeals to Millennial Tastes, Mindset
Food company Bonafide Provisions sells chicken, beef, turkey and frontier flavored broths and other bone broth-based food products in about 6,000 stores nationwide, including Jimbo’s…Naturally!, Sprouts Farmers Market and Whole Foods Market.
According to a press release, this victory comes after other wins against Surf Waves, Ltd., and Flowrider Surf, Ltd., both affiliates of Whitewater West Industries.