San Diego Business Journal

SD BUSINESS JOURNAL DAILY ENEWS

Waiting Period Ends for Proposed CareFusion, Becton Deal

Becton, Dickinson and Co. and CareFusion Corp. announced that the waiting period mandated under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 regarding Becton’s proposed acquisition of San Diego-based CareFusion expired on Nov. 19.

LRAD Corp. Reports Net Income of $3.3 Million for Fiscal 2014

LRAD Corp., the Rancho Bernardo maker of high-volume acoustic devices used by the military and law enforcement, reported net income of $3.3 million for fiscal 2014, up 164 percent from the $1.3 million recorded in fiscal 2013.

Neothetics to Sell 4.65 Million Shares to Raise $65.1 Million

San Diego-based Neothetics Inc., a developer of cosmetic therapies, said it will sell 4.65 million shares at $14 apiece in an initial public offering. The gross total to be raised is $65.1 million.

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North Park Apartment Complex Sells for $3.28 Million

Bill N. Shepard Trust of El Cajon has acquired an 18-unit apartment complex in San Diego’s North Park neighborhood for approximately $3.28 million, according to CoStar Group and public data.

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SeaPort Airlines Plans New Local Service to San Felipe

SeaPort Airlines plans to begin non-stop service between San Diego and San Felipe, in the Mexico state of Baja California, on Dec. 15.

Seven More Cities Join HERO Program

Seven more cities in San Diego County officially launched Home Energy Renovation Opportunity programs allowing home owners and commercial property owners to install energy and water efficiency improvements without any capital outlay and repayments made on property tax bills.

$60 Million East Village Apartment Project Approved

Civic San Diego, the city’s downtown project oversight agency, has approved plans for the $60 million Broadstone Makers Quarter, a 269-unit mixed-use apartment project to be built in East Village.

PetCo Purchases Online Supplier Drs. Foster and Smith

Petco, the San Diego-based pet supplies retailer that operates about 1,300 stores, said it agreed to purchase Wisconsin-based Drs. Foster and Smith, an online pet supply company that specializes in pet care and education, for an undisclosed price.

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Qualcomm Executives Discuss Revenue Expectations

Qualcomm Inc. executives spoke about long-term growth with New York analysts on Wednesday, saying the company expects revenue — which was $26.5 billion in fiscal 2014 — to grow at a compound annual growth rate of 8-10 percent through fiscal 2019.

Jack in the Box Reports Quarterly, Fiscal 2014 Results

Shares of Jack in the Box were popping by nearly $4 in midday trading Nov. 19 on the Nasdaq exchange, pushing the stock above $75, following the release of the company’s quarterly and fiscal 2014 results.

Receptos' Pricing Puts Public Offering of Common Stock at $360M

Receptos Inc., a biopharmaceutical company developing drug candidates to treat immune and metabolic diseases, announced the pricing of an underwritten public offering at $360 million for 3,600,000 shares of its common stock at a price to the public of $100 per share.

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SDSU Begins Work on $143 Million Mixed-Use Project

San Diego State University has broken ground on South Campus Plaza, a $143 million mixed-use student housing and retail project slated for completion in fall 2016.

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BioMed Realty and Broad Institute Form Strategic Partnership to Promote Innovation

San Diego-based BioMed Realty Trust Inc. and the Broad Institute of MIT and Harvard announced a strategic partnership to foster innovation and promote relationships between academia and the life science industry.

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Chargers Blood Drive Set for November 25

The 36th annual Chargers Blood Drive, sponsored by San Diego County Credit Union, will be held on Tuesday, Nov. 25 from 9 a.m. to 6 p.m. at the Town and Country Resort Hotel & Convention Center in Mission Valley.

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SoCal Penske Dealer Group Acquires Drew Ford

SoCal Penske Dealer Group of Los Angeles has acquired Drew Ford and Drew Hyundai in La Mesa, both part of a family-run dealership company established in 1927, for an undisclosed price.

Isaac Capital Group Purchases $5 Million in Stock in Dataram Corp.

Isaac Capital Group LLC, a San Diego-based private investment firm, said it closed a $5 million preferred stock purchase in Dataram Corp., a New Jersey-based manufacturer of computer memory and software products.

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Imperial Beach Apartment Property Sells for $5.5 Million

Imperial Beach Resort LLC of Henderson, Nev., has purchased Beach Town Rentals, a 31-unit apartment property in Imperial Beach, for $5.5 million, according to CoStar Group and public data.

PsychArmor Gets $1 Million Donation to Open Center

PsychArmor, a nonprofit that helps veterans and their families, recently received a $1 million donation from the Rebecca Moores Foundation. The grant will help launch the Moores Center for Military Service Providers, which will assist civilian mental health practitioners who care for veterans, as well as others who provide similar services.

Allylix Inc. Acquired by Swiss Company

Evolva Holding SA announced it has agreed to acquire San Diego-based Allylix Inc. in an all-stock transaction.

Organovo Releases Commercial Version of 3D Liver Tissue

Organovo Holdings Inc., a company that creates human tissues by 3-D bioprinting, announced the release of a commercial version of its bioprinted human liver tissue, specifically designed for testing drug toxicity.