HOUSING: Owner Repositions Property As Condominiums
Harkening back to the heady pre-recession days of the housing boom, a San Diego developer has converted a Bankers Hill apartment complex into condominiums that are selling at a price well below newer projects in the neighborhood.
Helen Torley joined Halozyme in 2014 as president and CEO. She has led the company to annual revenue of more than $350 million and a market cap of $2.6 billion.
M&A: Co. Will Operate as Armata Pharmaceuticals
Two companies, new name. San Diego-based AmpliPhi Biosciences and Marina del Rey’s C3J Therapeutics have merged, operating as Armata Pharmaceuticals, focused on antibiotic-resistant infections.
According to a press release, Billy Grenham, Chuze Fitness' new CMO. will be based in the company's San Diego headquarters.
Carlsbad’s Ra Medical Systems on May 16 sued Strata Skin Sciences and its board chair. The lawsuit alleges a campaign of false and misleading statements to financial partners before, during and after Ra Medical’s initial public offering.
AT&T Inc. is laying off 101 employees in San Diego County, representatives of the employees’ labor union said earlier this month. The cuts affect premises technicians who install new services and make repairs.
shipbuilding: Ship Costs $642M; Program Could Be $8B
General Dynamics NASSCO laid the keel for the first of up to 20 new U.S. Navy oilers — Navy auxiliary ships that refuel fighting ships in the middle of the ocean.
FUNDING: Investment Cycle Could Be Reaching Its End, Chairman Says
Tech Coast Angels, an angel investment group with five chapters across Southern California, invested $10.8 million into 58 startups last year. The total amount invested decreased slightly from 2017, when the group invested $14.2 million into 43 companies.
FOOD: Company Appeals to Millennial Tastes, Mindset
Food company Bonafide Provisions sells chicken, beef, turkey and frontier flavored broths and other bone broth-based food products in about 6,000 stores nationwide, including Jimbo’s…Naturally!, Sprouts Farmers Market and Whole Foods Market.
LEGAL: Harassment Laws Get Tougher in Protecting Workers
At the prestigious Salk Institute for Biological Studies in Torrey Pines, three female researchers had sued the organization for gender discrimination. Scientists Katherine Jones, Vicki Lundblad and Beverly Emerson filed lawsuits in 2017, claiming they were not given the same access to grant funding, salaries and promotions as their peers.
WORKFORCE: Policies And Protocols Must Be Announced, Instituted
New laws alone won’t be enough for substantive change. Companies also have to set a tone from the top for a good workplace.
TECHNOLOGY: Transit Agency Inks $68.2M, 5½-Year Deal
Cubic Corp. received a $68.2 million contract extension to maintain and support the fare collection system for the Los Angeles County Metropolitan Transportation Authority, or LA Metro.
DEFENSE: Rancho Bernardo Business Bought Back $2.2M of Its Stock
LRAD Corp., the maker of Long Range Acoustic Devices able to deliver sound over great distances intelligibly, reported net income of $1.18 million, or 4 cents per share, on total revenues of $10.2 million during its second quarter, which ended March 31.
ENERGY: Battery Maker Plans to Move to Larger Facility
Flux Power Holdings Inc., which produces advanced lithium batteries for small industrial vehicles, reported a net loss of $3.8 million, or 8 cents per diluted share, on net revenue of $1.75 million during its third quarter, which ended on March 31.
BIOTECH: BioNTech Plans to Establish a Local Research Facility
The recent acquisition of San Diego’s MabVax has been a long time coming. MabVax sold its cancer drug assets and its lab equipment to German company BioNTech, it was announced earlier this month.
BIOTECH: Co. Gets Licensing Fee From Argenx
San Diego-based Halozyme reported higher revenue and net income in first quarter results, thanks to the company’s platform technology. Looking forward, the company is heading for an inflection point.
RETAIL: Co. Bans Pet Foods Containing Certain Ingredients
Petco Animal Supplies Inc., a San Diego-based pet supply retailer, in conjunction with JustFoodForDogs, a California-headquartered company that makes preservative-free food for dogs, will open its first health and wellness kitchen for dogs at its flagship store in New York City.
BEVERGE: It Plans To Add Production Capacity to Vista HQ
Vista-Based NuZee Inc., a specialty coffee company founded in 2011 and with 15 local employees, will open a new facility in Texas. According to a news release, the Plano, Texas, location will support the company’s pour over co-packing services business.