San Diego Business Journal


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

Congress Members, Researchers Push for More NIH Funding

U.S. Reps. Susan Davis and Scott Peters, both Democrats from San Diego, gathered with a group of the region’s medical research stakeholders to solicit Congress to increase funding for the National Institutes of Health, which funds much of the medical research taking place in this area.

By Meghana Keshavan March 21, 2014 2:18 p.m.   $$ Share
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Q3 Earnings Are Up at ResMed Inc.

Earnings for ResMed Inc. continue to rise, with a net income of $90 million for the quarter ended March 31 as compared with $84.9 from the previous year.

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Illumina’s Q1 Revenue Is Up 27%

Revenue for Illumina Inc. surged in the first quarter of 2014, thanks to the “astonishing demand” for a slew of newly released gene sequencing products, said CEO Jay Flatley.

Conference Will Help Create Links Among Industry, Innovators and Foreign Investors

“Making It in America” is the title of a three and half-day conference aimed at making connections for local innovators with business representatives from China, the Philippines, Thailand and Vietnam.

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AMN Healthcare Refinances Its Outstanding Credit Facilities

San Diego staffing company AMN Healthcare Services Inc. has refinanced its existing credit facilities.

$6.5M Donation to UCSD Will Fund Eye Research Lab

grateful patient has gifted University of California, San Diego $6.5 million to establish the Richard C. Atkinson Laboratory for Regenerative Ophthalmology at the university’s Shiley Eye Center.

The JOBS Act Boosts Biotech Community’s Access to Investment

This month marks the second anniversary of President Barack Obama’s Jumpstart Our Business Startups, or JOBS, Act.

Scripps Advance to Fill Need for Speed in Pharma

BIOTECH: Goal Is to Quickly Get Research To Development Phase

The Scripps Research Institute has formed a new drug discovery company called Scripps Advance to fast-track the translation of early-stage biomedical research into clinical development and, ultimately, commercialization.

Life Sciences See Stock Spotlight Dim as Challenges Take Focus

Biotech: Ups and Downs A Common Reality Among Industry’s Local Public Cos.

Public companies in San Diego’s biotech industry have been on quite the roller coaster, a trend reflected in how that sector is represented in the San Diego Business Journal’s new list of the 50 largest local public companies, ranked by revenue in fiscal 2013.

Covered California Reports 1.4M Enrolled

HEALTH: Signups Surge at End; 88% Eligible for Subsidies

The final surge of Covered California signups ended April 15 with more than 1.4 million enrolled, vastly exceeding initial estimates, despite some confusion in the signup process. However, the number of small businesses enrolled in the exchange’s Small Business Health Options Program, or SHOP, was much lower — about 1,150 signed up, representing about 4,900 employees and their dependents.

Vital Therapies Launches IPO

Vital Therapies Inc. has hit the public markets, but has priced its stock below the expected range, raising gross proceeds of $54 million by offering 4.5 million shares at $12 apiece.

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Nursing Care Facility in El Cajon Sold for $7.5 Million

Rocklin-based Auburn Manor Holding Corp. has purchased Chase Care Center, a skilled-nursing healthcare facility in El Cajon, for $7.5 million, according to CoStar Group and public data.

Zogenix Obtains Preliminary Injunction Against Massachusetts’ Ban of Painkiller

Zogenix Inc., the San Diego drugmaker embroiled in controversy over its new opioid painkiller Zohydro ER, finally has a win under its belt — it has successfully blocked an order from Massachusetts Governor Deval Patrick to ban the drug in that state.

BIO's Launches New System to Promote Cos. Connecting at June Convention

The Biotechnology Industry Organization, shortened to BIO, has launched its one-on-one partnering system that will help companies initiate private meetings and gain business contacts at its annual convention, which will be held this June in San Diego.

Senomyx’s Stock Gets a Boost from New Deal With PepsiCo

Stock for San Diego flavor maker Senomyx Inc. rose after signing a new deal with PepsiCo Inc. to develop chemicals that will “restore the desired salty taste in products with reduced salt.”

Incubator Gains Momentum, ‘Rock Stars’ Through Its Successes

Biotech: Janssen Labs Is Selective, Not Controlling Of Its Life Science Startups

A Torrey Pines-based life sciences incubator that began two years ago as an “experiment” by pharmaceutical and consumer product giant Johnson & Johnson has today shown more momentum than anyone back then would have imagined.