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San Diego-based Orexigen Therapeutics Inc. will soon reapply for regulatory approval of its weight-loss pill, Contrave, after reporting that interim results from a large-scale study showed the drug doesn’t significantly increase heart disease risk in patients.
The U.S. Navy destroyer USS McCampbell became the first ship to go to sea with a new shipboard computing network dubbed Canes, system integrator Northrop Grumman announced on Nov. 25.
Software: MacPhun Bringing High-End Photo Editing to Pros, Hobbyists
A Del Mar-based software company focused on Mac-based applications for photo editing is hoping its latest, modestly priced product will tap into a growing desire among consumers to improve and share their digital photographs and give professionals a powerful tool for less cost.
BIOPHARMA: Latest Deal Gives Company Way to Fight Cancer with Targeted Toxin
San Diego-based Sorrento Therapeutics Inc., with the $12 million acquisition of Concortis Biosystems Inc., is rounding out what has been a pivotal year for the company.
Avalon Ventures and GlaxoSmithKline PLC have launched their first company, Sitari Therapeutics Inc., with a $10 million Series A financing from the companies’ $495 million joint funding alliance.
Tenaska, the Omaha, Neb.-based majority owner of a 130 megawatt solar farm in Imperial County, refinanced $319.4 million in debt through a private placement.
Vital Therapies Inc. announced it is postponing its $75 million initial public offering, citing poor market conditions, according to equity research firm Renaissance Capital.
Shipbuilder General Dynamics NASSCO of San Diego has been awarded a modification of approximately $12.1 million, under a previously awarded contract for work on the USS Somerset.
Locally based craft beer brewer Ballast Point has signed a 15-year, $16 million lease deal to occupy a 106,584-square-foot industrial facility in San Diego’s Miramar submarket.
San Diego-based Lumena Pharmaceuticals Inc. announced its drug LUM001 has received a positive opinion for orphan drug designation from a European regulatory committee.
San Diego-based CareFusion Corp. said it will acquire Vital Signs, a division of GE Healthcare, for $500 million as CareFusion moves to increase its respiratory care and anesthesiology businesses.
A Silicon Valley firm has put some San Diego know-how into a new tool to detect malicious software.
Shares for San Diego’s Cadence Pharmaceuticals Inc. shot up 34 percent — to a two year high — following a favorable ruling from the U.S. District Court for the District of Delaware in a patent lawsuit against Exela Pharma Sciences Inc.
PHARMA: Zogenix Raises Funds and Bolsters Sales Force
San Diego-based Zogenix Inc. plans to use most of the proceeds from a recent $60 million public offering to triple its sales force and commercialize its newly approved narcotic painkiller, Zohydro.
MANUFACTURING: Co. Meets Variety of Needs for Containment, Transport
Body bags are hardly a pleasant topic of conversation, but someone has to make them to serve a niche market need.