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Recent and archived news stories on: Aerospace, Agribusiness, Chemicals, Electronics, Energy, Fabrication, Industrial, Plastics, Textiles...

Centurum IT Poised To Support Satellite Communications

Deal Could Extend 5 Years And Maxes Out at $59.4MThe following are selected defense contracts awarded to San Diego County companies in November.

Blenders’ Founder Sells 70% Equity Stake In Sunglasses Co.

CEO Says Team to Remain the Same; Co. to Keep P.B. HQs

In early October, Blenders Eyewear founder Chase Fisher told San Diego Business Journal the company had grown its revenue by 300% in the last two years.

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Blenders Eyewear Gets Acquired

According to a press release, Safilo Group, an international eyewear company, acquired 70% of Blenders Eyewear's equity.

Local Roots Kombucha Acquires Latitude 33 Brewing Facility

According to a press release, Local Roots' acquistion of Latitude 33's brewing facility includes the 16,000 square foot brewery and 20 fermentation vessels located in Vista.

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Neurocrine Pays $50 Million for Epilepsy Drug Candidate

PHARMA: Xenon Could Receive up to $1.7 Billion In Milestone Payments

Neurocrine Biosciences has plunked down $50 million upfront for a potential epilepsy treatment, the San Diego company’s second major licensing deal this year.

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Chicago-Based Company to Acquire Ballast Point

Chicago-based Kings & Convicts Brewing Co. reportedly to retain Ballast Point employees

Vivid Genomics Helps Drug Developers Design Better Trials

MEDICINE: Co. Sees Opportunity in Precision Medicine for Alzheimer's

Biogen’s plans to resurrect its failed Alzheimer’s drug sent shockwaves through the research community, including at local companies.

Banjo Co. Executes at Home and Abroad

RETAIL: Company’s Passion Seen in Craftsmanship, Marketing

When it comes to dueling banjos, Deering is a heavyweight champ.

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Tech Coast Angels Invests Again in Mercato and Discover Echo

Tech Coast Angels-San Diego is increasing its investment in two local companies: Mercato, the delivery startup for independent grocers, and Discover Echo, the microscope maker formerly known as Echo Labs. Mercato received an additional $1.1 million while Discover Echo received $1 million.

It’s Mirati Vs. Amgen As Drugmakers Target Mutated Gene

Bigger Sample Size, More Time Needed To Evaluate Drugs

An experimental drug from Mirati Therapeutics shrunk the tumors of some cancer patients with a common mutation, in an early-stage clinical trial.

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Wild Barrel Brewing Co. Opens Temecula Location

Wild Barrel Brewing Co. opens second location near the Promenade Temecula.

BAE Systems, Huntington Ingalls and NASSCO to Divide Shipyard Funds

$299M Added to Ship Repair Effort in Fiscal 2020

The U.S. Navy increased the overall amount of funding to repair certain surface ships in the Port of San Diego.

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Bumble Bee to Be Sold for $925M, Files for Bankruptcy

San Diego-based Bumble Bee Seafoods filed for Chapter 11 bankruptcy protection, saying in a statement that the move was a first step in selling the business. FCF Co. Ltd. has agreed to buy it for $925 million.

County Wineries Bring $58.6 Million Economic Impact

AG: Industry Had $41 Million in Gross Sales for 2018

The San Diego County Vintners Association has released its “2019 San Diego County Economic Impact of Wineries” report.

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Locals Put Down Roots in Hydroponics Farming

AGRICULTURE: With a Growing $8.1B Market, Farmers Create New Markets, Methods

According to a report released in May, the hydroponics market is estimated at $8.1 billion in 2019 and projected to reach $16 billion by 2025.

Merck Agrees to Buy Calporta in Deal That Could Be Worth $576M

Calporta Had Been Seeking a Buyer or Financial Backing

In 2017, Merck & Co. cut short a late-stage clinical trial of an Alzheimer’s drug because it wasn’t helping patients.

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