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Thursday, Mar 28, 2024
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Receptos Sale Is a Familiar Story for S.D.

The tally is now 20. That’s how many of the largest companies in San Diego County in the past 11 years have been sold, relocated, went private or liquidated. Now another prominent, young biotech bids adieu.

Receptos Inc., No. 8 on the current list of largest local public companies, is being sold to New Jersey-based Celgene Corp. for $7.2 billion.

In 2014, No. 3 CareFusion was bought by BD (Becton, Dickinson and Co.) for $12.2 billion.

In 2013, No. 3 Life Technologies was bought by Thermo Fisher Scientific for $13.6 billion.

• • •

The value proposition of mobile social networking platform Rewind is promising: A well-designed connectedness that avoids the noise associated with traditional never-ending social media feeds. Anthony Duca and Todd Blanchard founded Encinitas-based NumberStation Inc., and they along with Rodney Rumford and Sunil Rawal are about 18 months into building Rewind, which uses a GIF format — a sort of time lapse of images that creates a moving picture. A Rewind stream is only available for 24 hours.

This phrase in a recent news release caught my attention: The mobile photo sharing industry is ripe for disruption. But mobile photo sharing changes frequently, and other than IPO-related stockholders, no one is making money. What’s to disrupt?

The reality is Wall Street is fascinated by marketing channels for millennials. Rewind launched in late April, was downloaded by Apple Watch users and quickly drew the attention in the startup world. Why? Rewind users spend 53 percent more time per session (49 seconds) than users of other social networking applications (32 seconds).

Maybe Rewind will be the next big thing. Or maybe it will vanish. Disruption takes no prisoners.

• • •

Techies at UC San Diego Extension’s Center for Research on the Regional Economy developed an algorithm to identify the hottest careers for new grads based on strong employment growth, competitive salaries and high-quality work environments.

The top are no surprises – No. 1 Software Developer/Applications, No. 2 Software Developer/Networks and No. 4 Market Research Analyst.

Mary Walshok, dean of UC San Diego Extension, said the hot careers reflect the evolution of the U.S. economy and its increased focus on globalization and technology.

But the list also includes Accountants/Auditors (No. 3), Personal Financial Planners (No. 8) and Elementary School Teachers (No. 9). The explanation is far less exciting but equally obvious: There are many more of those folks retiring than entering the workforce.

Editor-in-Chief Nels Jensen can be reached via njensen@sdbj.com.

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