SDBJ WEEKLY EDITION
MEDICINE: Latest Buy Is Health Information Co.
San Diego’s AMN Healthcare Inc., the largest health care staffing company in the nation, has snatched up its fifth health care company in less than two years. The acquisition of Franklin, Tenn.-based Peak Health Solutions, a health information management company, is expected to immediately boost AMN’s revenue.
VOTE: Poll Results Change Playing Field for Businesses; Attention Turns to November
San Diego city voters on June 7 clearly favored a minimum wage increase that was vehemently opposed by much of the local business community.
Life Sciences’ Need for Space Spurs Developers to Pursue Spec Projects
The high demand for biotech office space in San Diego is boosting the confidence of traditionally cautious landlords. Rather than waiting to build a project until a tenant is lined up, life science construction companies are building sprawling campuses based on speculation alone.
MEDICINE: Ransomware Attacks Target Hospitals, Holding Critical Patient Data Hostage
T here’s a new threat bearing down on hospitals. Hackers are infiltrating systems, locking patient data in virtual vaults, and demanding money in exchange for the key.
TECH: City Contract Renewal May Be Big Driver of Growth
Matt Cole has New York on his mind. Cole runs the transportation equipment business at Kearny Mesa-based Cubic Corp., a company that wants to use the world of fare cards and subway gates as a stepping stone toward bigger things.
PROPERTY: Discount Retailers and Eateries Look to Add Locations
Seven years after the official end of the Great Recession, there’s still a distinct discount-minded focus among nationwide retail and restaurant chains looking to expand their footprint in the coming year.
Biz: Entrepreneurial Spirit Lets Loose in Unusual Biz Event
Thousands of aspiring, neophyte and seasoned entrepreneurs will head downtown next week for the city’s biggest — and most popular — startup event: San Diego Startup Week.
Court Rulings on IP May Threaten Future of Genomics Research
Life sciences companies in San Diego and around the nation are working to cope with legal decisions that restrict how they can secure patents for discoveries that involve the laws of nature.
WD-40 Counters The Counterfeiters Around the Globe
Imitation may be the sincerest form of flattery, but it’s a headache for WD-40 Co.
Taylor Guitars Among Premium Manufacturers Battling Trademark Violations
Musicians buy high-end guitars for their craftsmanship and superior performance, but overseas counterfeiters are deceiving some consumers with cheaply made copies.
DRUGS: Tougher Times in Pharma Add to Challenges
Avalon Ventures LLC is launching an additional startup out of its venture capital incubator in La Jolla. The firm, called PDI Therapeutics Inc., is jointly backed by British drugmaker GlaxoSmithKline plc and San Diego’s Avalon as part of an ongoing partnership.
BIOTECH: Exec Brings Co. to S.D. To Work on Stroke Treatment Device
Kleanthis Xanthopoulos, a veteran of San Diego’s biotech community, is heading up a new venture in La Jolla.
FINANCE: Some Say The Process Limits Company Focus
Quarterly earnings results grab the attention of nearly everyone in the financial world — investors, analysts, competitors, even reporters. They’re a brief glimpse into the inner workings of major corporations, with earnings per share even a few cents higher or lower than expected leading to serious stock spikes.
Implementing a CEO Transition Involves Many Complicated Factors for A Company
CEOs have tough jobs. There are many ways to go wrong and many ways to make stakeholders unhappy.
TOURISM: Town-Hall Meetings to Address Expansion
Prospects for an expansion of the San Diego Convention Center — contiguous, noncontiguous or none of the above — are likely to remain among much-debated city priorities in an election year filled with heated talk over possible hotel tax hikes and a proposed downtown football stadium.
BIOTECH: Key Resource Offered in Co.’s Lab Rentals
Two entrepreneurs in San Diego are applying “sharing economy” principles to a new frontier: science.
ScaleMatrix Offers To Put Its Highly Efficient Data Center Technology On-Site
Executives at ScaleMatrix think there might be more than one path to growing their company.
The Computer Revolution Keeps Reinventing Itself As the Possibilities of Progress Continue to Increase
With each passing year, computers get more capable. The rapid development of the technology continues to shape business — all business, even those far from the heart of the technology sector.
BIOTECH: Cos. Swallow Up Startups But Grow Presence
The growing presence of Big Pharma and global life science firms in San Diego has been at the heart of an age-old debate: do they help or hurt the region’s economy?
Local Real Estate Experts See Strong Demand and Low Vacancy Rates Pushing Up Commercial Rents
As nearly 40,000 new positions were created regionwide during the past year, job growth continued to fill San Diego County’s office, industrial and retail buildings during the first quarter of 2016.
Low Vacancy Rates and High Demand Are Pushing Apartment Rents Higher, And the Trend May Continue
Arecent report on rising rents, by the Lusk Center for Real Estate at the University of Southern California, painted a clear good news/bad news picture of San Diego County’s apartment property market so far in 2016.
PHARMA: Acadia Prepares To Launch Drug to Treat Parkinson’s Psychosis
Acadia Pharmaceuticals Inc. has earned the greenlight from regulators to sell a valuable antipsychotic drug. The medication, potentially worth billions, quells the hallucinations and delusions experienced by Parkinson’s disease patients. And it’s the first of its kind.
Border Region Puts Transportation Infrastructure In Place to Support Free-Flowing Trade, Business and Commutes
Government leaders from both sides of the border recently marked what they said were major milestones impacting the long term-economic viability of the region where Otay Mesa meets Mexico’s Baja California.
PHARMA: New Painkiller And Other Drugs Being Tested
It’s been a rocky year for Arena Pharmaceuticals Inc., but things are looking up with its latest experimental drug: a painkiller that mimics cannabis without the head high.
Adult Day Health Centers Among New Models for Aging Care
Every day in the U.S., 10,000 baby boomers reach age 65, about twice the rate of the prevous generation. By 2030, 18 percent of Americans will be at least 65, according to Pew Research Center projections.
Senior Housing Developments Include Wine Bars and Salons
A 309-unit senior community set to break ground later this year in Carlsbad is among the latest examples of developers adding resortlike amenities to attract the baby boomer generation into its next phase of housing.
FINANCE: Competition On Funding Platforms Intensifies Challenges
San Diego startups are finding that crowdfunding websites such as Kickstarter and Indiegogo are getting rather, well, crowded.
TECH: Q2 Tops Forecast; Restructuring Is on Track
One year ago, everyone was down on Qualcomm Inc.
SPORT: Teams Ranks 2nd In League Attendance
Even as Chargers fans gear up for an election battle to keep the football team in San Diego and the Padres struggle to come back from record-setting early-season futility, there is a bright spot in professional San Diego sports:
ENERGY: Regulators Reject 3 Pipeline Proposals
Sempra Energy’s Mexican arm has lost three bids in as many weeks to build and operate natural gas pipelines in Mexico, as the country’s state-owned electricity utility said Sempra’s proposals did not meet its standards.