Friday, September 28, 2012
Heart disease test maker Singulex files for $86M IPO
Alameda diagnostic test developer Singulex Inc. filed for an $86.25 million initial public offering Friday, promising a test to measure signs of heart disease at previously undetectable levels. Using the Jumpstart Our Business Startups, or JOBS, Act to qualify as an "emerging growth company," 15-year-old Singulex said in a filing with the Securities and Exchange Commission that its technology helps to earlier detect and monitor biomarkers of heart attacks, heart failure, stroke and other heart diseases.
Elan will shutter South S.F. center as it shifts R&D to new company
Elan Corp. will shutter its South San Francisco drug discovery operations as it shifts the work into a new publicly held company. The Irish biotech company (NASDAQ: ELN), which this summer saw a high-profile experimental Alzheimer's drug crash in late-stage clinical trials, will have no drug discovery or preclinical drug development programs by Dec. 31, it said in a Securities and Exchange Commission filing this week. Closing the South San Francisco facilities, where most of Elan's roughly 400 employees are housed, will translate into $160 million to $180 million in employee severance costs, facilities costs and other restructuring charges, according to the Tuesday filing.
Rheumatoid arthritis drug kick-starts Rigel, AstraZeneca
Rigel's Don Payan (left) and Raul Rodriguez. |
AvidBiotics nails DuPont deal to obliterate E. coli
AvidBiotics Corp.’s got a beef with its freshly minted multimillion-dollar deal with DuPont — and if things go as the small South San Francisco biotech company plans, it will have chicken and vegetables as well. AvidBiotics inked the deal Sept. 17 with DuPont’s health and nutrition business to develop a targeted protein to kill a strain of Escherichia coli, or E. coli, in meat processing plants. DuPont gave AvidBiotics upfront cash, took a minority stake in the eight-employee company and will pay all research and development costs.
Mission Bay roars to life: Biotechs, UCSF, residential developers jostle for space in S.F.'s newest neighborhood
QB3's Reg Kelly. |
Allopartis subsists on seed cash, Mission Bay incubator space
Allopartis CEO Robert Blazej. |
Executive Profile: Plexxikon's Kathleen Glaub
Kathleen Glaub. |
Thursday, September 27, 2012
Abaxis to get $17M in settlement with Cepheid
Medical products maker Abaxis Inc. will get $17.25 million in a settlement with Cepheid Inc. Sunnyvale-based Cepheid (NASDAQ: CPHD) will pay the money to Union City-based Abaxis (NASDAQ: ABAX) without admitting wrongdoing, but to "terminate all pending and future claims connected with the litigation." The dispute, in which both companies made claims and counterclaims, concerned several patents held by Abaxis over reagent and chemical compositions and processes.
A look inside UC Berkeley's new Energy Biosciences Institute building
The University of California, Berkeley, recently completed its $130 million, five-story Energy Biosciences Institute building. The 113,000-square-feet building at at 2151 Berkeley Way will feature modern facilities for scientific research, study and collaboration focusing on turning non-food crops into fuels. The structure, designed by SmithGroupJJRand built by Rudolph and Sletten, also comes with a myriad of green elements such as automated “smart” outside window shades, a lighting control system with building sensors, and an auto-adjusting air exchange system.
Onyx, Bayer win approval of colorectal cancer drug regorafenib
Onyx CEO Tony Coles. |
Wednesday, September 26, 2012
BioMarin advances drugs for amino acid disease PKU, dwarfism
BioMarin's Jean-Jacques Bienaime. |
Third Rock biotech startups find work-share partner in Cytokinetics
Cytokinetics' Robert Blum. |
McKesson names Mark Walchirk president of U.S. pharmaceutical unit
Mark Walchirk. |
Tuesday, September 25, 2012
Desmond-Hellmann: UCSF must be 'nimble and competitive'
UCSF Chancellor Susan Desmond-Hellmann. |
McKesson to build $37M medical device distribution center in Virginia
McKesson Corp., the San Francisco-based drug distribution and health care information technology giant, plans to build a $36.9 million distribution center in Frederick County, Virginia, for its medical-surgical division. The new center will create 205 jobs in the area, adding to the 1,000 McKesson jobs in Virginia.
Monday, September 24, 2012
One-on-One with biotech executive Fran Heller
Fran Heller. |
Nodality picks Laura Brege as new president, CEO
New Nodality President and CEO Laura Brege. |
Friday, September 21, 2012
Astex dumps experimental lung cancer drug
Astex CEO James Manuso. |
European panel recommends Avastin for type of ovarian cancer patients
Avastin, the world's best-selling cancer drug from Swiss drug maker Roche, received a positive opinion Friday from a European Union group to treat a subset of ovarian cancer patients. The Committee for Medicinal Products for Human Use, or CHMP, essentially recommended that EU authorities approve Avastin in combination with the chemotherapy agents carboplatin and gemcitabine to treat women with recurrent, platinum-sensitive ovarian cancer, the company said Friday.
Software locates kidney donors, but not funds
David Jacobs of Silverstone Solutions. |
UCSF eyes bigger Mission Bay play
Mission Bay (foreground). |
Thursday, September 20, 2012
Startup heart drug developer MyoKardia lands $38M Third Rock investment
James Spudich. |
Tuesday, September 18, 2012
UCSF nets $20M gift for new Mission Bay building
A $20 million gift to UCSF from philanthropist Charles Feeney will help pay for a new building housing the university's global health sciences program while adding to an awesome legacy by the co-founder of Duty Free Shoppers. In all, Feeney's Atlantic Philanthropies has given more than $292 million to theUniversity of California, San Francisco, making him the single-largest contributor to any campus in the UC system, the university said, and arguably the granddaddy of UCSF's Mission Bay campus.
J&J: 'Innovation center' could include life sciences incubator
Diego Miralles. |
One-on-One with Medivation CEO David Hung
Medivation's David Hung. |
Johnson & Johnson to open 'innovation centers' in Bay Area, globally
Johnson & Johnson will establish an innovation center in the Bay Area as part of a global plan to scout early innovation and boost partnerships with universities and biotech companies. The New Brunswick, N.J.-based drug, medical device and diagnostic powerhouse (NYSE: JNJ) said Tuesday that it will set up "innovation centers" over the next few months in San Francisco -- including a satellite in San Diego -- as well as Boston, London and China.
Monday, September 17, 2012
Threshold stock sinks on pancreatic cancer survival data
Threshold CEO Barry Selick. |
Chinese company to buy Complete Genomics, keep HQ in Mountain View
Complete Genomics' Cliff Reid. |
Friday, September 14, 2012
NovaBay lines up investment, Asian distribution deal
NovaBay Pharmaceuticals Inc. could receive investments of up to $5.5 million from a venture related to a Chinese drug company that signed a five-year marketing deal with NovaBay. Naqu Area Pioneer Pharma Co. Ltd. of Shanghai will pay the Emeryville-based company (NYSE MKT: NBY) $500,000 upfront to sell NovaBay's NeutroPhase skin and wound cleaner in Hong Kong, Macau, Taiwan, Singapore, Malaysia, Indonesia, Myanmar, Philippines, Thailand, Vietnam, Brunei, Cambodia and Laos. The commercial launches in select markets is expected by the end of this year, but others will have the product by 2014, NovaBay said Friday. NovaBay will receive up to $200,000 in milestone payments.
Impax and Teva settle suit with over generic ADHD drug
Impax Pharmaceuticals Inc. and partner Teva Pharmaceuticals USA Inc. settled litigation over a generic ADHD drug copied from one that belongs to Johnson & Johnson Inc. Hayward-based Impax (NASDAQ: IPXL) has a deal with Israel's Teva (NYSE: TEVA) to make a generic copy of Concerta, or methylphenidate hydrochloride extended release tablets. Teva Pharmaceuticals USA is based outside Philadelphia and also makes generic drugs. The two companies did not give details of their settlement with the two Johnson & Johnson (NYSE: JNJ) units, Janssen Pharmaceuticals Inc. and Alza Corp.
QB3's 'Startup in a Box' powers new wave of biotech startups
Caribou Biosciences CEO Rachel Haurwitz. |
Molecular diagnostic test developers, BayBio hunt for lab talent
David Levison of CardioDx. |
Labels:
BayBio,
CardioDx,
Hunter Labs,
San Jose State,
Siemens,
Veracyte,
XDx
Thursday, September 13, 2012
Napo seeks FDA OK of disputed drug for dog diarrhea
Napo CEO Lisa Conte. |
Tuesday, September 11, 2012
Andrew Gengos out, John Walker in as Neuraltus CEO
Andrew Gengos. |
Monday, September 10, 2012
Slideshow: Bayer opens its CoLaborator
Bayer HealthCare showcased its new CoLaborator incubator Monday under sunny skies, literally and figuratively. Leaders of young biotech companies Aronora Inc. and ProLynx LLC, and roughly 100 other guests, officially opened the 6,000-square-foot facility Monday on the ground floor of Bayer's Mission Bay research center. It was, Mayor Ed Lee said, proof that San Francisco is "the innovation capital of the world," linking small and large companies.
Kickstarter film project, ALS patients face life-and-death deadlines
Ben Harris, with son Rawdan and wife Rebecca. |
Bayer opens Mission Bay 'CoLaborator' with 2 tenants
Bayer's Chris Haskell. |
Friday, September 7, 2012
Pfizer taps Pleasanton's SFJ Pharma to run late-stage lung cancer trial
SFJ Pharmaceuticals Inc., a Pleasanton-based company formed to run clinical trials for large drug companies, will conduct a Phase III trial of Pfizer Inc.'s experimental lung cancer drug dacomitinib. Financial terms of the deal were not disclosed, but SFJ said it will fund and supervise the trial across sites in Asia and Europe that will help the world's largest drug maker (NYSE: PFE) submit dacomitinib for regulatory approval.
Genentech, 23andMe team up to discover if social media can point breast cancer researchers toward answers on Avastin
Genentech's Philippe Bishop. |
Proteus' body-monitoring chips look to reshape drug compliance
Proteus co-founder Dr. George Savage. |
Startup Bell Biosystems gives researchers a way to track, kill injected cells
CytomX's Dan Bell (far right) and team. |
While researchers believe stem cell therapies can overcome diabetes, Alzheimer’s, spinal cord injuries and a host of other conditions, they’ve faced one big-time head scratcher: showing what those millions of cells actually do once they are in the body. Caleb Bell thinks his young company, Bell Biosystems, has a solution. The company, which recently moved from the Stanford University student-run incubator StartX to the Molecular Medicine Research Institute in Sunnyvale, is working on a way to magnetize cells so that they can be localized, tracked and, if necessary, killed when they go astray.
CytomX preps 'probodies' for an invasion, partnerships
CytomX CEO Sean McCarthy. |
Stealthy Didimi pushes cells back to the starting line
If twins know each other better than anyone else, leaders of Didimi Inc. are counting on the same holding true for our cells. One of the companies on the growing roster of the QB3 East Bay Innovation Center, Didimi is focusing on a way to regenerate insulin-producing islet cells — from a patient’s own or someone else’s cells — as a treatment for Type 1 diabetes. Call it a cellular do-over or a scientific version of “Groundhog Day” with some potentially stunning implications.
Healthiest Employers: Bayer fosters culture of fitness with fun events
When Angela Elliot isn’t teaching aerobics to her colleagues, she’s out jogging with them on her lunch break. If she doesn’t show up, she feels guilty about it later. Elliott, a senior manager for Bayer Healthcare’s process validation group, is just one of many employees who lives up to the company’s motto of using science for a better life. The company’s focus on well-being has created a culture of health and fitness that encourages employees to encourage each other.
Jazz Pharma to sell women's health business for $95M
Jazz Pharmaceuticals will sell its women's heath business to specialty pharmaceutical company Meda for $95 million in cash. Jazz, which has an office in Palo Alto (NASDAQ:JAZZ) said in the release that the sale involves six products: Elestrin, Gastrocrom, Natelle One, AVC, Gesticare DHA and Urelle.
Thursday, September 6, 2012
Plant scientists keep switchgrass forever young to make fuel
They can't do it in people, but scientists think they can keep switchgrass "forever young" by inserting a new gene, thus making it more useful in creating biofuel. Geneticists from the University of California, Berkeley, and the U.S. Department of Agriculture did the work at the USDA's Plant Gene Expression Center in Albany. Sarah Hake, who runs the lab, and UC Berkeley's George Chuck inserted a new maize gene, called "Corngrass1" or Cg1, into Panicum virgatum, or switchgrass, thus keeping it in a "juvenile" state without flowers or seeds.
Thermo Fisher Scientific buys 22 acres, plans to build home for 400 employees
Thermo Fisher Scientific Inc., the Waltham, Mass.-based scientific instrument maker, plans to build out a new home in Fremont for its roughly 400 employees. Thermo Fisher confirmed that it bought 22 of 147 acres from Union Pacific that surround the Tesla Motors Inc. manufacturing plant. The company currently leases three facilities in Fremont that are within two miles of the parcel.
KaloBios pulls in $10M debt financing with option to borrow $5M more
KaloBios Pharmaceuticals Inc. raised $10 million, with an option to borrow an additional $5 million, in a debt financing with MidCap Financial SBIC LP. South San Francisco-based KaloBios will use the money to advance clinical development of its monoclonal antibody drugs, including Phase II trials of its severe asthma drug and a treatment for cystic fibrosis patients, and for general corporate purposes.
Astex, U.K. groups form blood cancer research pact
Astex Pharmaceuticals Inc. inked a research collaboration with Cancer Research Technology Ltd. and the Institute of Cancer Research in London to discover and develop drug candidates for blood cancer caused by epigenetics. Dublin-based Astex (NASDAQ: ASTX) did not disclose the value of the deal or say how long the collaboration would last.
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