SDBJ WEEKLY EDITION
More than 1,000 attendees at the 2-1-1 San Diego Annual Connections Luncheon recently netted $250,000 to support the community health and disaster support service and to recognize the local heroes providing San Diegans with health care resources.
Kandace Patton Watson is the chair of Kilpatrick Townsend & Stockton LLP’s mergers and acquisitions, securities and corporate team in Southern California and leads the corporate department’s Southern California health and life sciences and medical devices teams. Watson has extensive experience representing companies, corporate boards and executives in complex transactions and in numerous industries, with an emphasis on health care and pharmaceutical, biotechnology, Internet and media, software and technology, and food and beverage companies.
Business: Determining Value Can Involve a Variety Of Factors and Approaches
If you’re planning to buy a business, it’s essential to establish its value before making an offer. Many factors must be taken into consideration in order to get a good return on your investment and minimize your risks.
SALES: M&As Bring Up Legal, Financial and Even Emotional Issues
Selling a business is a complex undertaking that requires patience and careful planning to maximize your company’s market value.
The recovery may be happening slowly in some industries like construction, but most banks are feeling flush these days.
Paul Jacobs has just stepped aside as CEO at Qualcomm Inc., but he still has a lot of ideas about where the company can go next.
No official word at press time on whether any of San Diego County’s RadioShack stores — numbering 34, according to the retailer’s website — will get the axe as the Texas-based company carries out plans to close up to 1,100 of its more than 5,000 U.S. locations, amid continued sales woes. But one thing has rec
Medical: Founder and Employees Also Admit Responsibility for Omissions
Valor Medical Inc. has been fined $250,000 for intentionally withholding from the Food and Drug Administration unfavorable test results indicating the toxicity of its brain aneurism treatment — an offense that Assistant U.S. Attorney Melanie Pierson said was “perpetrated for the purpose of commercial profit.”
Dining: Plans Include Opening First Location In Texas, More Locally
For San Diego-based restaurant operator Premier Food Concepts LLC, the recipe for growth is a careful blending of healthy menu items, strategic site selections and patience.
TECH: A Rating System Invites Comment to Open Dialogue Among Strangers
Some businesses depend on great technology or a great location. Duncan McLaren’s Encinitas-based business rides on the strength of the selfie.
San Diego life sciences and technology nonprofit Connect has appointed veteran health care and investment banking executive Greg McKee as its new CEO after a lengthy search.
Balboa Park Celebration Inc., the nonprofit organization formed to put on a year-long series of events to commemorate the 1915 Panama California Exposition, voted to disband and cede its authority to the city of San Diego.
BIOTECH: Venter Envisions Shift to Preventive Medicine Through Genomics Research
San Diego super scientist J. Craig Venter has launched a new company, Human Longevity Inc., with an ambitious — albeit ambiguous — pursuit: make people live longer.
BIOTECH: Enzymes Are Targeted to Treat A Variety of Conditions
San Diego-based Abide Therapeutics Inc. has partnered with biotech titan Celgene Corp. to develop new drugs in inflammation and immunology, receiving $50 million upfront in the deal.
San Diego software startup Tower App Development said last week it is conducting a direct public offering, or DPO, at its website to raise the working capital it needs to complete development of its first mobile app, which CEO Tony Silva claims will revolutionize users online experience with social networks. Silva said the little-used DPO, limited to high net-worth investors residing in the Golden State, allows the company to sell shares directly without brokers and underwriters. Meanwhile, the SEC is set to announce this summer rules that will allow any investor anywhere to purchase shares in new companies through equity crowdfunding as part of the JOBS Act of 2012.
Hospitality: ‘War Rooms’ Leverage Proximity to Courtroom
The recently completed $15 million renovation of downtown’s Westin San Diego included the addition of what some might call a turbo-charged version of a conference facility, tailored specifically to lawyers.
DEFENSE: Datron’s ‘Loaners’ Also Part of Marketing Strategy
Few San Diego County companies view Afghanistan as a business opportunity.
Development: Automobile Distributor’s, City’s Plans Clash
A longstanding dispute between Pasha Automotive Services, one of the Port of San Diego’s most successful tenants, and National City has prompted the port district to reassess its zoning in the area, a process that could take about two years.
Retail: Approach to Selling Fixtures Attracts High-end Malls
San Diego-based Pirch is raising its national profile as it opens news stores and competes in the hyper-competitive home improvement retail industry.
PHARMA: Patient Benefits, Patent Lawsuits Are All Part of the Mix
Adamis Pharmaceuticals Corp. stands unique among San Diego’s many drugmakers: It’s going generic.
Underground Elephant is funding the adoption of a police K-9 for the San Diego Police Foundation and the San Diego Police Department in honor of their service to the community. In addition to the police canine, adoption costs will cover the canine’s food, veterinary care and training equipment.
INSURANCE: Mandate Extended Until 2016 for Medium-Size Businesses
The recent decision by the Obama administration to delay some requirements of the Affordable Care Act is giving local employers more time to comply with rules that will require them to provide affordable health insurance to employees.
INSURANCE: Insurers Find Acquisition Is a Good Growth Strategy
The recent acquisition of longtime San Diego insurance brokerage Barney & Barney LLC by Marsh & McLennan Agency LLC is part of an industry trend, as large insurers increase their outreach by taking over regional companies.
The Business of Law Column
Seltzer Caplan McMahon Vitek has lost three of its rising stars to the growing trend of large-firm lawyers starting their own firms.
Most credit unions in California enjoyed fatter loan portfolios last year, driven largely by a surge in auto lending, according to a recent report from the California Credit Union League.
Biotechnology/Health Care Column
I’ll lead this week off with a couple of large financing rounds that have entered the fray in San Diego’s biotech sphere:
Dot-what? Lawyers and business executives recounted two sprawling technology stories during two evening presentations in late February.
INSURANCE: Video and Social Media Used to Make Case for Prompt Payments
Using the Internet and social media to publicize his struggle to end a protracted lawsuit, a San Diego businessman helped speed the payment of a nearly $2.2 million judgment for his elderly aunt who was severely injured in a 2011 auto accident.
TECH: Property for Program Must Bring Proper ‘Lifestyle’
An organization concerned with getting young companies on their feet is now thinking about putting a roof over its own head. Plug and Play San Diego, which has had a virtual presence in town, plans to be in its own quarters during the first half of 2015, its leaders said.
PROPERTY: Suburban And Business-Oriented Properties Are Sought
Experts say San Diego County, like the rest of the state, should continue to see rising demand for hotel real estate in 2014, sparked by an improving tourism climate, ample sources of investment capital and interest rates that remain historically low.