San Diego Business Journal


Recent and archived news stories on: Biotechnology, Doctors, Drugs, Health Insurance, HMO's/PPO's, Hospitals, Medical Devices, Nursing...

Company’s Expanding Roles Bring a Change in Its Name

MEDICINE: Millennium Health Brings Three Sets Of Tools to the TableSan Diego-based Millennium Laboratories Inc. announced recently that it has changed its name to Millennium Health LLC.

By BRITTANY MEILING September 5, 2014 3:40 p.m.   $$ Share

ResMed Inc. Posts $380.4 Million in First-Quarter Revenue

San Diego-based ResMed Inc., a medical technology company making devices for sleep-related breathing disorders, announced revenue of $380.4 million for the quarter ending Sept. 30, a 6 percent increase compared to the same quarter last year.

Fraden Corp. Develops Thermometer for Smartphones

Just in time to meet the Ebola outbreak demand for detecting fever, San Diego-based Fraden Corp. announced that it received a second U.S. patent for augmenting any smartphone with an instant non-contact infrared thermometer.

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Edico Genome Announces Launch of Dragen Processor

Edico Genome Inc., a San Diego-based company that makes integrated circuits for processing genomic data, announced the broad commercial launch of its flagship Dragen processor.

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Otonomy Names Yost Chief Commercial Officer

San Diego-based Otonomy Inc., a clinical-stage biopharmaceutical company, announced the appointment of Anthony Yost as chief commercial officer.

Apricus Receives $10M in Financing to Pursue Licensing Deal

San Diego-based Apricus Biosciences Inc. announced that it has acquired $10 million in financing to purchase licensing from Finland-based Forendo Pharma to develop and commercialize an investigational treatment for urological conditions in men.

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Epic Sciences Names Giske to CIO Position

Epic Sciences Inc. announced the appointment of Michael Giske as chief information officer.

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Medical Community Finding Some Success in Treating PTSD

HEALTH: Variety Of Treatments Used to Deal With the Disorder

Military health care organizations in San Diego are investing in research to help staunch undiagnosed post-traumatic stress disorder among soldiers and veterans and to find out which treatments actually work.

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Synthetic Biology Seen as Game Changer for Drug Development

BIOTECH: Process To Be More Efficient And More Expansive

The phrase “synthetic biology” might sound like an oxymoron meant for science fiction novels, but it’s not for Synthorx Inc., a small biotechnology company in Torrey Pines. Synthorx is developing a new — and a little bit scary — way to create and protect life.

Medical Device Tax Repeal Likely DOA

BIOTECH: Local Companies Say Many Jobs Are on the Line

Last month the U.S. House of Representatives voted in favor of a bill that would repeal part of the Affordable Care Act — a 2.3 percent medical device excise tax expected to generate $30 billion in 10 years. However, experts say prospects look bleak for the U.S. Senate and president to follow suit.

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Orexigen Therapeutics Earns $70 Million Milestone Payment

Orexigen Therapeutics Inc. announced it has earned a $70 million milestone payment from partner Takeda Pharmaceuticals related to the shipment of Contrave to pharmacy wholesalers in preparation for commercial launch.

Batu Biologics Signs Licensing Agreement With UC San Diego

Batu Biologics Inc., an immunotherapy company developing a cancer vaccine, announced the signing of a license agreement with the Regents of the University of California, San Diego granting exclusive rights to peptide drugs developed at UC San Diego that have been proven to stimulate cancer-killing immune responses.

Vassiliadis Gives $8.5M for Jacobs Medical Center

Local philanthropist Carol Vassiliadis has donated gifts totaling $8.5 million to the University of California, San Diego for the future development of the Jacobs Medical Center.

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Three Companies Selected for Inaugural Illumina Accelerator

Illumina Inc. announced the selection of three startup companies for the inaugural Illumina Accelerator funding cycle. The companies are Encoded Genomics Inc., EpiBiome Inc., and Xcell Biosciences Inc.

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Aethlon Medical Device Used in Treatment of Ebola Patient

Aethlon Medical Inc., a San Diego-based medical device company, announced the first use of Hemopurifier therapy on a patient infected with Ebola virus.

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Cytori Completes $13.5M Registered Direct Offering

Cytori Therapeutics Inc. announced that it has completed the sale of shares of its Series A 3.6 percent convertible preferred stock pursuant to a registered direct offering representing gross proceeds of about $13.5 million.