SCIENCE: Organovo Raises Funds to Advance Novel Tissue Technology
Backers stepped up and invested $6.5 million in Organovo Inc.
HOSPITALS: PPH and Scripps Health Standouts In Performance Report
Two local health systems, Palomar Pomerado Health and Scripps Health, were named to a list of the best-performing health care groups in the nation, based on a data analysis by New York-based business information company Thomson Reuters.
STARTUPS: Stimulating New Business Is Goal of Petition
The City of San Diego needs to step up its game if it wants the brightest graduates from UC San Diego and other universities to grow companies locally
Applied Proteomics Inc., an emerging diagnostics company focused on protein analysis, said recently that it relocated its corporate headquarters to San Diego from Glendale and appointed veteran diagnostic developer Peter Klemm as its first CEO.
INCUBATOR: Downtown Expansion Seeks to Foster A ‘South of Market’ Vibe
For every 15 startups that apply to be part of San Diego’s nonprofit EvoNexus incubator, 14 are turned away, said Kevin Hell, the pro-bono chairman of EvoNexus and former chief executive of local software firm DivX Inc., which was bought out in 2010.
LIFE SCIENCES: Local Firms To Hire 2,770, Biocom Report Says
Few people know more about the local biotechnology industry than Joe Panetta. But the leader of the San Diego-based life sciences trade association was quite surprised by the results of his group’s first economic impact report.
BIOTECH: CEO Flatley to Shareholders: Hold Tight
All eyes in San Diego’s life science industry are on Illumina Inc. The La Jolla-based genetic analysis company is the target of a $5.7 billion hostile takeover bid from Swiss drugmaker Roche Holding AG.
BIOTECH: Life Makes Key Hire to Head Its Diagnostics Business
Life Technologies Corp. wants to stake a claim in the burgeoning personalized medicine space.
MEDICINE: It Will Be in Pharmacies This Month; Huge Sales Are Predicted
Third time’s a charm for San Diego-based Amylin Pharmaceuticals Inc.
TECHNOLOGY: Big Rig Ultracapacitor Hits the Road
The energy-storage business at Maxwell Technologies Inc. continues to drive sales in a big way for the San Diego-based company
Health Care: Federal Court Approves the Sale of Bankrupt Center
UC San Diego Health System announced that it will move forward with its planned purchase of the private nonprofit Nevada Cancer Institute, a 142,000-square-foot treatment and research facility in Las Vegas that recently filed for bankruptcy.
BEVERAGES: Uses Patent Strategy to Protect Firm’s Carbonated Concepts
Health and fitness have played major roles in David Jenkins’ life, for as long as he can remember.
MEDICINE: Convenient Monitoring an Option for Those on Blood Thinner
In 2002, business partners Tim Cady and Mark Howard capitalized on the growing need — and desire — among people with diabetes to test their blood glucose levels at home.
BIOTECH: Successful Companies Draw More Talent, Startups to Area
What keeps San Diego County’s biotech cluster churning? Some industry observers say that success is simply in its DNA.
ACQUISITION: $10M Cosmetics Brand to Be Marketed to Physicians
Carlsbad’s SkinMedica Inc. is getting into the mineral makeup action.
BIOTECH: Enzyme Removes Filter Cake And Is Biodegradable
Filter cake is in the crosshairs at industrial biotech company Verenium Corp.
HEALTH CARE: Predictable Process for Device Makers Goa
The head of the Food and Drug Administration’s medical device unit stopped in San Diego last week for a series of one-on-one meetings with some of the area’s largest device makers
HEALTH CARE: Increasing Market Share a Goal of Branding Campaign
The UC San Diego Health System, which operates hospitals in Hillcrest and La Jolla, has launched a major branding campaign in a move to grab more market share in North County
CONFERENCE: Companies’ Performances And Products in Spotlight
Executive offices were empty last week at many of San Diego’s biotechnology and health care companies as CEOs flocked to San Francisco for the 30th Annual J.P. Morgan Healthcare Conference.
MEDICINE: Therapy Aimed at Sickest 20% Of Those Afflicted
San Diego-based startup Elevation Pharmaceuticals Inc. has raised $32 million in a second round of financing that will help the company advance its lead product candidate, an aerosol therapy for people with chronic obstructive pulmonary disease.
BIOTECH: Biogen Idec Aims to Bring Treatment For Disorder to Market
Carlsbad-based Isis Pharmaceuticals Inc. said it has entered into agreement with biotechnology giant Biogen Idec of Weston, Mass., to develop and commercialize an investigational drug for a rare genetic disorder
MEDICINE: Company To Post Profit for 2011; Outlook for 2012 Is Good
While many San Diego companies were taking it slow in the weeks leading up to 2012, Carmel Valley-based biopharmaceutical firm Santarus Inc. was taking action on plans to expand its product portfolio.
BIOTECH: Drug-Development Company’s Exit a Good Sign For Venture Funding Climate
One of the world’s largest pharmaceutical players, Takeda Pharmaceutical Co. Ltd., is gobbling up La Jolla-based drug-development company Intellikine Inc
HEALTH CARE: Both Are Part of Firm’s New Molecular Product Line
San Diego-based Quidel Corp. said the Food and Drug Administration has cleared the company’s first two molecular diagnostic tests for infectious diseases.
TECHNOLOGY: Apps Provide Support, Tools For Addicts, Caregivers
A Solana Beach company founded by a former venture capitalist who almost died from drugs and alcohol has raised $7 million in funding
HEALTH CARE: Firm Finds Nonsurgical Way To Ease Back Problems
It’s not every day that you hear a surgeon extol the benefits of not having surgery. But that’s what you’ll get if you to talk to Kamshad Raiszadeh
Pennsylvania biopharmaceutical company said that it would pay millions — possibly more than $90 million — to acquire Carmel Valley-based Meritage Pharma Inc
How well did you sleep last night? Did you get enough exercise today? Consumers are increasingly turning to tiny, noninvasive personal health gadgets that track the body’s biometric information and then provide an objective, quantitative answer.
HEALTH CARE: ACOs Aim to Lower Costs, Improve Quality of Care for Medicare Patients
One of the most-discussed provisions of the federal health care reform law is going into effect, turning the concept of an accountable care organization into a business reality for at least one major health system in San Diego.
BIOTECH: The Lack Of Funds for Innovation May Damage Field
Money doesn’t come easy for life science startups in San Diego, said David L. Gollaher
ENERGY: Soitec Factory, Powerlink, Smart Meters Part of Clean-Tech Efforts
Renewable energy has a starring role in the story of San Diego Gas & Electric Co. in 2012.
A Pennsylvania biopharmaceutical company said Dec. 22 that it would pay millions — possibly more than $90 million — to acquire Carmel Valley-based Meritage Pharma Inc., which is developing a drug to treat a rare disease that causes an allergic inflammation of the esophagus.
MANUFACTURING: Soitec to Invest $150M In Building, Upgrades
Soitec Solar Inc. has finally found a home for its massive San Diego solar-panel factory. The company said on Dec. 15 that it will purchase a 176,000-square-foot industrial building on nearly 15 acres of a Rancho Bernardo business park, where it has the space it needs to potentially double its production capacity.
BIOTECH: Allylix Has Raised $15 Million in Venture Funding Since ’05
Allylix Inc. has carved out a promising niche in the $20 billion flavor and fragrance industry by focusing on a class of organic chemicals called terpenes.
TECHNOLOGY: Achates’ New Diesel Engine Geared To Increasing Efficiency
Achates Power Inc. has developed a new kind of diesel engine that’s lighter weight and more fuel efficient than conventional diesel engines used in cars and trucks today — and because it has fewer parts, the engine is as much as 15 percent cheaper to produce, said the company’s co-founder and chief scientist, James Lemke.
Publicly held health care company Humana Inc. said that it acquired San Diego-based Anvita Inc., a company that specializes in analyzing health care data for pharmacy benefits managers, health insurance plans and other customers.
HEALTH CARE: Technology To Help Local Hospitals Lower Costs, Get More Business
At Tri-City Medical Center in Oceanside, everyone’s talking about the robotic wonder.
TECHNOLOGY: Seeks To Play Key Roles for Medical Device Makers
Qualcomm Inc. is putting more of its weight in the burgeoning wireless health space.
HEALTH CARE: Region A Hotbed for Circulating Tumor Cells Research
Cancer diagnoses usually require an invasive biopsy, with doctors using a needle or knife to remove sample cells from the suspected tumor. It’s effective, but painful.
BIOTECH: Small North County Firm Works to Transform Pharmaceutical Research
For the travel industry, there’s Expedia. For music, it’s Apple Inc.’s iTunes. For books, there’s Amazon.com.
GREEN: AdaptiveArc Is Moving Its R&D Facility to Otay Mesa
In cities around the world — and especially in highly populated developing nations — two key problems persist: “An overabundance of garbage and an extraordinary need for energy,” said Kris Skrinak, president of AdaptiveARC Inc.
GREEN: Car2go Launches Its Local Car-Sharing Service
Car2go N.A. LLC rolled out its fleet of 300, emissions-free Smart cars in San Diego on Nov. 18 as part of an on-demand car-sharing service that Mayor Jerry Sanders said will solidify the city’s standing as the nation’s electric vehicle capital.
MEDICINE: $75M Stock Sale to Further The Reach of Ofirmev
Cadence Pharmaceuticals Inc., a San Diego-based biopharmaceutical company focused on uses in the hospital setting, said it plans to sell $75 million of stock to raise money to expand the reach of its only product — an injectable acetaminophen drug called Ofirmev — and for other corporate purposes.
BIOTECH: ‘Amicable’ Split Opens Doors to Controlling Diabetes Drug
Analysts have been upbeat in the wake of Amylin Pharmaceuticals Inc.’s Nov. 8 announcement that it would be cutting ties with its decade-long partner Eli Lilly and Co. and taking on full control of its promising exenatide diabetes drug franchise.
RESEARCH: Stem Cell Facility Brings Together Scientific Powerhouses
The Sanford Consortium for Regenerative Medicine will open its $127 million collaborative research building on Nov. 29, bringing together five major local biomedical research organizations to search for cures using stem cell science.
HEALTH CARE: Infusion Boosts Perminova’s Plans to Expand Software Business
Perminova Inc., a startup that makes Web-based software for cardiac centers, has raised $7 million in venture capital to grow the company’s product offerings and expand its customer base beyond the two major hospitals it already serves.
RETAIL: Fashion and Function Converge for Eco-Friendly Bag Maker
You don’t have to be “a long-haired, unshaven hippy” to embrace an Earth-friendly lifestyle, said Belinda Coker, founder of the San Diego-based reusable bag company Envirosax LLC and its Australian parent company.
Innovation: Tailored Services Key to Fostering Loyalty; ‘Sticky’ Is Good
Online bill pay, mobile banking apps and remote check deposits are among the myriad of tech-driven bank services that make it easier for consumers and businesses to manage their cash. But those same services also serve a different function; they make it harder for a bank’s customers to take their money elsewhere.
MARKETING: Knowing Clients, Business Climate Make for Better Service
While the largest retail banks in the U.S. heavily market their colorful smartphone apps and urge customers to manage their finances online rather than visit a branch in person, the largest community banks in San Diego say their success hinges on taking the opposite approach — knowing their customers personally through one-on-one visits at the bank or even at customers’ offices.
MARKETING: Chase Offers Small Businesses a Stage For Increasing Their Sales
As economic recovery looms, banks see promise in small businesses and are heavily courting their accounts by offering easy online banking tools