San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Cannabis Drug Maker Quadrupling Footprint in Carlsbad

Cannabis has so far been relegated to the supplement and medical marijuana industries, with no FDA-approved drug (derived from the plant) available on the market. But a pharmaceutical company in Carlsbad is hoping to change that and it is about to quadruple in size.

By Brittany Meiling March 22, 2017 5:27 p.m. share »

Navy Awards Cubic Contract Worth $20 Million

Cubic Corp. said that its Mission Solutions division received a U.S. Navy award for delivery of a person-portable common data link. The deal could ultimately be worth more than $20 million.

By Brad Graves March 22, 2017 5:11 p.m. share »

Imprimis Pharmaceuticals to Raise $3.1 Million in Stock Offering

San Diego’s Imprimis Pharmaceuticals, a maker of compounded drugs, is raising $3.1 million in a stock offering to two accredited investors.

By Brittany Meiling March 22, 2017 4:32 p.m. share »

3 Things Spurring Fast-Growing Tech Sector

Companies that operate trains, trucks and other fleet vehicles are installing internet-connected systems that collect video on drivers, and video on road conditions. Competitors Lytx and SmartDrive, both privately held, boast impressive growth (details below) though neither reveals sales figures.

By Brad Graves March 22, 2017 4:28 p.m. share »

Salka to Sell Wind Farm

Salka LLC has arranged to sell a wind farm it is redeveloping in the Bay Area.

By John Cox March 22, 2017 4:26 p.m. share »

SDSU Seeks to Acquire Land For Its Own Projects at Stadium Site

Presenting what is now the third alternative plan for Mission Valley since the departure of the San Diego Chargers, San Diego State University is seeking to acquire 47 acres at the city-owned site of Qualcomm Stadium to build its own stadium and other university facilities.

By Lou Hirsh March 22, 2017 12:49 p.m. share »

La Jolla Pharmaceutical Plans $100 Million Public Offering

Local drugmaker La Jolla Pharmaceutical Co. plans to raise up to $100 million in a public offering of its stock.

By Brittany Meiling March 22, 2017 12:46 p.m. share »
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Developer Completes $9.25M Remodeling at Chula Vista Retail Center

San Diego developer Brixton Capital has completed a $9.25 million remodeling at the Gateway Marketplace retail center in Chula Vista.

By Lou Hirsh March 22, 2017 10:53 a.m. share »
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Help Wanted: Partner to Work With City on New Accelerator

The City of San Diego is launching plans to build out a new startup accelerator complete with a coworking space, resources for entrepreneurs, and potentially seed capital for startups.

By Brittany Meiling March 21, 2017 5:25 p.m. share »

Here’s How San Diego Hotels Are Performing in 2017

So far, so good.

By Lou Hirsh March 21, 2017 5:10 p.m. share »

GA-ASI Moves to Next Phase of Gremlins Competition

Poway-based General Atomics Aeronautical Systems Inc. is going on to the next phase of the Defense Department’s Gremlins competition.

By Brad Graves March 21, 2017 4:48 p.m. share »

Medsphere Takes Electronic Health Record Product to Detroit

Carlsbad-based health-care IT company Medsphere Systems Corp. said it has implemented its cloud-based electronic health record system at two hospitals in the Detroit area.

By John Cox March 21, 2017 4:17 p.m. share »

How Many S.D. Companies Offer Health Insurance? The Answer Might Surprise You

No sooner has Congress taken up a proposal to replace the Affordable Care Act than a local survey highlights how widely – or narrowly – San Diego County’s business community has adopted the legislation better known as Obamacare.

By John Cox March 21, 2017 4:07 p.m. share »

Navy Awards $13.3 Million Contract

The U.S. Navy awarded New Hampshire-based Environmental Alternatives Inc. a contract covering engineering and technical services for disassembly and radiological inspection and cleaning of LM2500 single-shank turbine gas generator assemblies. The Navy uses such turbines to drive surface ships such as Arleigh Burke-class destroyers and Ticonderoga-class cruisers.

By Brad Graves March 21, 2017 3:44 p.m. share »

Oceanside Staffing Firm Acquires Michigan Company

Oceanside-based Impact Staffing has been acquired by Trillium Staffing, a staffing firm headquartered in Kalamazoo, Mich.

By Sarah de Crescenzo March 21, 2017 2:21 p.m. share »
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Andaz San Diego Hotel Completes $4 Million Makeover

Operators of the Andaz San Diego hotel, in downtown’s Gaslamp Quarter, have completed a $4 million makeover of the property’s guest rooms and meeting spaces.

By Lou Hirsh March 21, 2017 11:20 a.m. share »
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Aqua Design Raised 5X its Goal in 4th Kickstarter

San Diego startup Aqua Design Innovations has launched its fourth Kickstarter, raising five times its fundraising goal in the campaign’s first hour.

By Brittany Meiling March 21, 2017 9:44 a.m. share »
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Robert Struble Appointed CEO of Vista-Based Directed

Former digital radio executive Robert J. “Bob” Struble has been appointed CEO of Directed, a vehicle security, remote start and connected car services company based in Vista.

By John Cox March 20, 2017 2:33 p.m. share »
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Kearny Mesa Office Campus Owner Gets $34.3M in Financing

Property owner Klein Investment Family Limited Partnership has obtained $34.3 million in acquisition financing on a Kearny Mesa office campus, according to MetroGroup Realty Finance, which arranged the financing.

By Lou Hirsh March 20, 2017 2:15 p.m. share »

Shareholder, Sorrento Settling Legal Dispute

Sorrento Therapeutics Inc. has finally received a stamp of approval from an activist minority shareholder who sued the local drugmaker last summer. The parties say dismissal of the lawsuits is on the horizon.

By Brittany Meiling March 20, 2017 2:08 p.m. share »