SD BUSINESS JOURNAL DAILY ENEWS
Mast Terminates Clinical Development of Sickle Cell Drug Following Poor Results; Co.'s Stock Plunges
The stock of local biotech Mast Therapeutics Inc. has plummeted nearly 80 percent following news of lousy clinical trial results.
L.A. County-based Xencor Inc. is expanding its operations into San Diego, the company announced Thursday.
San Diego-based public relations and marketing agency KCD PR has acquired Wall & Broadway, a boutique consulting firm that specializes in clients in the fintech sector, the company announced this week.
The San Diego office of general contractor BNBuilders has been hired to renovate an existing biomedical laboratory at California Institute of Technology (Caltech) in Pasadena. A company statement said the guaranteed maximum price for the project is approximately $8.48 million.
An Irvine buyer recorded as Bankers Hill Holdings LLC has acquired a 13-unit apartment building in San Diego’s Bankers Hill neighborhood for approximately $3.89 million, according to CoStar Group and public data.
Novatel Wireless has agreed to sell its MiFi wireless hotspot business for $50 million cash.
San Diego-based Tealium Inc. said on Sept. 21 that it received an additional $35 million in venture capital.
An affiliate of Encinitas-based Comprehensive Dermatology Group has purchased an office condominium building in Encinitas for approximately $2.2 million, according to CoStar Group and public data.
Dmitry Shapiro, former CEO of Veoh Networks and more recently a Google executive, is reportedly setting up a company in San Diego called GoMeta Inc.
Cobham, which operates the former Remec business in San Diego, said it received orders worth tens of millions of dollars for radio frequency microelectronics to support the F-35 Lightning II fighter aircraft.
San Diego architecture and design firms AVRP Studios and Skyport Studio announced that they have merged, with the combined company now called AVRP Skyport Studios.
San Diego County hotels saw total revenue rise 3.7 percent from a year ago in the first eight months of 2016, topping $1.86 billion, even as occupancy dipped 0.3 percent to 79 percent, according to the latest monthly data from research firm STR.
A fully operational, 150-megawatt solar plant 14 miles west of El Centro is now providing energy to San Diego Gas & Electric Co. under a 25-year power purchase agreement, announced Omaha, Neb.-based project developer Tenaska.
Independent mortgage lender Guild Mortgage Company said Wednesday it has hired Wendy Wong as its first chief marketing officer and senior vice president.
San Diego-based Kleege Enterprises has acquired the Canyon Crest Estates mobile home park in Escondido for $9.35 million, according to brokerage firm Colliers International Group Inc.
KnuEdge Inc., the company founded by former NASA Administrator Dan Goldin, named Kate Dilligan executive vice president and general manager of its KnuVerse division, which has created military-grade voice recognition and authentication technology.
Local drugmaker Cidara Therapeutics Inc. has identified a new research target that could potentially treat bacterial infections that have formed resistance to multiple drugs on the market, the company said Wednesday.
A Honolulu- based joint venture, including Oceanside Sullivan LLC and Oceanside Takayama LLC, has purchased an Oceanside retail center for $7 million, according to brokerage firm Cushman & Wakefield.
Webroot Inc., a Colorado-based cybersecurity company, has acquired San Diego-based CyberFlow Analytics for undisclosed terms, the companies announced on Sept. 19.
C&C University LLC of San Diego has purchased a 16-unit North Park apartment property for $3.37 million, according to brokerage firm Marcus & Millichap.