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Monday, Jan 30, 2023
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Local Biotechs Bring Home The VC Bacon

San Diego life science startups Aragon Pharmaceuticals and Tandem Diabetes Care were big winners in raising capital during the third quarter, according to the most recent National Venture Capital Association/PricewaterhouseCoopers Money Tree survey. Aragon Pharmaceuticals raised $50 million, while Tandem Diabetes Care raised $36 million during the quarter. San Diego has managed to hold its own in terms of raising capital from VCs, according to a survey news release, bucking a nationwide trend in which investments are trending downward. Twenty local emerging businesses raised just over $241 million during the third quarter, compared with 24 businesses raising close to $218 million during the like period a year ago. San Diego continues to attract investor interest in the life sciences, despite a retreat nationwide because of concerns over the long investment terms coupled with high research costs and uncertainties of regulatory approval on the part of the FDA … San Diego new car and truck registrations were up 27 percent for the first three quarters of the year, beating out 26 percent achieved statewide, according to a recent report from the California New Car Dealers Association. The total number of new cars and light trucks registered through the first nine months of the year were 93,822 in 2012 compared with 73,822 in 2011. For the quarter, statewide registrations were up 34 percent … The San Diego East County Chamber of Commerce is partnering with Grossmont College to a present a series of “how-to” workshops to help area small businesses improve employee productivity and performance. The series kicks off Oct. 30 with a workshop, generational diversity in the workplace, according to chamber CEO and President Scott Alevy. For more information, click on eastcountychamber.org … Space and Naval Warfare Systems Command, better known as Spawar, is co-hosting its annual Wounded Warrior Hiring and Support Conference here for government, military and industry leaders, hiring managers, recruiters, wounded warriors and veterans Oct. 29-30. The forum promotes career development and long-term employment, emphasizing the importance of education and training, and includes speakers, career and employer workshops, networking opportunities, and an awards ceremony that will feature San Diego Mayor Jerry Sanders. For more information visit, http://www.navsea.navy.mil/WoundedWarrior.aspx… Till next week!

Contributing Editor Tom York pens the SDBJ Insider, and you can reach him with column tips and tidbits at tyork@sdbj.com.

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