San Diego Business Journal

SDBJ WEEKLY EDITION

In Case of Success Break Glass

LEADERSHIP: In a Time of Solid Ceilings, These 2 Women Shattered StereotypesIn a recent study conducted by The Center for Women’s Business Research, with support from Wal-Mart Stores Inc. and the National Women’s Business Council, the economic impact of the estimated 8 million U.S. majority women-owned businesses is $3 trillion.

By Marion Webb July 3, 2014 3:05 p.m.   $$ Share

Ligand Inks Licensing Deal With Georgia Co.

Ligand Pharmaceuticals Inc. announced the signing of a commercial license agreement with Atlanta, Georgia-based Avion Pharmaceuticals LLC for the development and commercialization of four Captisol-enabled programs.

25th Anniversary Is a Celebration of Community, Giving

Jackson Design & Remodeling decided to come up with a unique way to celebrate 25 years in business in San Diego.

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Port Has Reason to Be Picky With the Kind of Cargo Received

What will the Port of San Diego look like circa 2064? I waded into the port’s effort to create a master plan for its next 50 years (see page 1), and on the way got to thinking about cargo operations.

Balboa Thrift and Loan Stays on Profitable Path of Car Loans

Balboa Thrift and Loan, based in Chula Vista and one of the last six thrift and loans in the state, just keeps on truckin’, racking up profits despite more competitors in its chosen niche — auto lending.

For a Luxury Ride, Hang Your Saddle at Hacienda Elegante

The featured home in this week’s column is in Fallbrook, right on the edge of Bonsall, just 10 minutes from the San Luis Rey Downs Training Center. The property, a horse lover’s dream, which the now retired horse breeder calls Hacienda Eleganté.

Vista Brewer Is Bringing Its Craft(s) to Mercado Del Barrio

Experts at a recent craft beer summit in North County pointed out that brewers from that region have some work to do when it comes to boosting their profile in places such as the city of San Diego, which has its own crowded contingent of beer makers running their own tasting rooms and brewpubs.

SeaWorld Is Looking to Counter a Recent Tide of Criticism

TOURISM: New Orca Enclosures and Research Efforts Pledged By Park

SeaWorld Entertainment Inc. plans to spend several hundred million dollars to overhaul its performing-whale enclosures, including a near doubling of its orca environment in San Diego, amid other moves to bolster its investments in marine research.

Imprimis Sees Opportunity in Cataract Surgery Drug Compound

PHARMA: Co. Looks For Broad Applications To Common Problems

A San Diego-based pharmaceutical company is hoping to grab market share in the ophthalmology space by combating expensive post-cataract surgery drugs with a cheaper and more efficient alternative.

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Potential Matches Put Under A Microscope at New Dating Site

SERVICE: DNA Analysis Is Used to Find That Special Someone

San Diego is home to countless institutes, laboratories and research collaborations aiming to find better uses for advancements in genetic sequencing. Yet, there is one market that seems an unlikely match for DNA analysis — online dating.

Chargers’ Worth Put At $995M

The value of the San Diego Chargers increased by $46 million or 5 percent over the past year to $995 million, according to the annual Forbes report on the National Football League.

Nisen Named to CEO Post at Sanford-Burnham

HEALTH: He Sees Need for ‘Constellation’ Of New Relationships

Sanford-Burnham Medical Research Institute announced that the board of trustees has appointed Perry Nisen as CEO and holder of the Donald Bren chief executive chair for the institute’s La Jolla-based headquarters.

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Platform Gives ERs a New Cardiac Device Tool

HEALTH: Co. Just Signed an Enterprise Deal With Sharp

Geneva Health Care Inc., a San Diego-based medical technology company has developed a platform that receives data from cardiac devices and converts it into usable information for health care providers. The data is presented in a dashboard that is integrated into the provider’s internal computer system so that physicians and medical staff can quickly identify the urgency of a patient’s needs.

Stone Gathers a Crowd and Funds With Beer Offering

The region is crazy with new business activities. As of early last week, Stone Brewing Co. had raised close to $1.9 million from about 11,160-plus funders at crowdfunding site Indiegogo.com to underwrite its inventive “Stone Groundbreaking Collaborations” pre-sale event.

Looking to Grow, Co. Returns to S.D. Roots

FOOD: Kashi Given Some Independence From Kellogg

Kashi, the San Diego homegrown natural cereal business that had its local office closed last year by owner Kellogg Co. and moved to Michigan, is returning to its roots.

Triton Put Through Paces By Northrop

DEFENSE: Navy to Buy 68 of the Rugged Aircraft

As the people of Rancho Bernardo went about their business Aug. 19, an operator in one of Northrop Grumman Corp.’s secure office buildings there took control of a U.S. Navy Triton — a large unmanned aircraft — during the middle of its flight over the western United States.

Biotech Property Deals Will Soon Surpass 2013

REAL ESTATE: Life Sciences Activity, IPOs Create Demand

A potent blend of initial public offerings, merger and acquisition activity and steady venture capital funding have made life-science properties the hot commodity in San Diego real estate leasing so far in 2014.

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Co. Plays a Part in New Plane Production

AVIATION: Edge-Tech Supplies Molds and Parts

Edge-Tech Design and Manufacturing has a seat on Icon Aircraft Inc.’s sporty little A5 aircraft — and it hopes to see revenue take off if aircraft sales do.

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Port of Commerce?

PROPERTY: Businesses Ready to Defend Turf as Port Shapes Its Big Picture

A view of the Port of San Diego from 10,000 feet shows a diverse place, with small businesses, heavy industry, hotels and restaurants, U.S. Navy installations, parks, wetlands, marinas, cargo terminals and more.

Children’s Museum Project Brings Art, Creativity to the Masses

The New Children’s Museum in downtown San Diego will continue its popular Mass Creativity project for a third year in 2015, supported by a $30,000 grant from the National Endowment for the Arts, the Museum announced.

Whistleblower Laws Call for Sound, Clearly Defined Policies

LAW: Proliferation of Lawsuits Emphasizes Scope of the Problem

A tidal wave of new lawsuits claiming retaliation against so-called whistleblowers has been hitting business owners in recent years.

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YOU CAN’T TAKE IT WITH YOU

LAW: Trade Secret Agreements Are a Must to Protect Assets

When it comes to protecting trade secrets, the biggest obstacle businesses often face is overcoming their employees’ inability to keep their work confidential. It’s human nature to share information, especially when you’ve learned something new and exciting, said Ned Israelsen, managing partner of the San Diego law firm of Knobbe, Martens, Olson & Bear LLP.

Procopio Partner Elected to Lead San Diego Chapter of ACG

Procopio, Cory, Hargreaves & Savitch LLP partner Dennis Doucette was elected board president of the Association for Corporate Growth. Doucette, who leads Procopio’s corporate and securities practice group, has been on the ACG’s board for five years and has chaired its programs committee for the past 18 months.

Silvergate Shifts Strategy to Make More Nonqualified Mortgages

Silvergate Bank changed its lending strategy from making qualified mortgages to making nonqualified ones, or those that aren’t bought by the two major government-sponsored entities, Fannie Mae and Freddie Mac.

Qualcomm Working to Keep Sixth-Grade Girls Steeped in STEM

Hats, hats and more hats. Nope, this is not opening day at Del Mar. We’re on the top floor of one of Qualcomm Inc.’s buildings in Mira Mesa. The room is alive with the energy of a few dozen sixth-grade girls. They’re assembling short-crowned, wide-brimmed hats with imaginative decorations on top — and computer controls.

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CEO Gathered Leadership Lessons Along Unusual Career Path

HEALTH: Van Gorder’s Book Is About Building Up a Place and People

Chris Van Gorder has earned a reputation in San Diego as an influential leader in health care management, frequently receiving national attention for contributions to the profession. Now the Scripps Health CEO has permanently added his name in the history books of leadership and management by putting his name on the shelf with them.

A Stroke of Luck Brought Financial Adviser to Golf Franchise

SPORT: Players’ Swings Evaluated With Motion Sensors, Video

Suzanne LaTour was looking to improve her golf game and ended up owning a national franchise that provides golf lessons.

App Maker Brings Human Touch to Technological Twists, Turns

TECH: Medium- and Small-Sized Businesses Are Targeted Customers

Wide open. That is how Nathan Keating of BuildFire describes the opportunity for creating smartphone apps.

Scripps Research Names Paulson Acting President

Aqua Sphere — a swimming equipmeThe Scripps Research Institute appointed James Paulson as acting president and CEO, the institute’s board of trustees announced Aug. 11.

Mirati Narrows Focus to Fewer Forms of Cancer

BIOTECH: FDA Grants Orphan Drug Status to Promising New Therapy

Mirati Therapeutics Inc., a public company in San Diego developing medicines for targeted oncology, is one step closer to achieving regulatory approval for its cancer drug Mocetinostat.

Calif. Tribes Put Off Pushing Internet Poker Bill

Gaming: Viejas, Brown Agree on New Compact To Change Revenue Sharing

The likelihood of an Internet poker bill passing the California Legislature decreased as the days of August passed, meaning that California’s American Indian tribes will have to stick with conventional revenue sources — traditional casinos — until at least the 2015 session.