San Diego Business Journal

SD HEALTHCARE

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

Regulus Therapeutics Secures $30 Million Credit Facility

Regulus Therapeutics Inc. has entered into a $30 million loan and security agreement with Oxford Finance LLC, the company announced Monday. The infusion of cash gives the local biopharma the runway needed to progress its products through the clinic.

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Passing The Tests

Calbiotech Meets the Challenges of Moving and of Moving Up in the Life Science World

It’s a good sign when a company has to move into a larger space. Calbiotech Inc., which manufactures life science products, outgrew 11,000 square feet in Spring Valley and recently traded up to 22,000 square feet in El Cajon. It also recently hired six employees, giving it a headcount of 45.

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Illumina to Name Facility After Longtime CEO Jay Flatley

Medtech giant Illumina Inc. is dedicating an existing research and development building on its campus to its longtime CEO, Jay Flatley.

Breg Appoints Benjamin Hutson VP of Operations

Breg Inc., a provider of sports medicine products and services, announced recently that Benjamin Hutson has joined the company as vice president of operations.

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Preston Romm Named COO at Suneva Medical Inc.

Suneva Medical Inc., a facial skin care company in San Diego, has hired ex-Valeant Pharmaceuticals executive Preston Romm as the company’s new chief operating officer.

Venture Capital Continues Decline With Biotech Seeing Deepest Dip

Venture capital is down once again in San Diego, with a particularly noticeable decline in the region’s biotech sector.

Skin Care Co. Suneva Medical Receives $25 Million Round of Financing

Suneva Medical Inc., a facial skin care company in San Diego, has raised $25 million to boost commercialization of its products, the company announced.

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Kevin Lind Appointed CFO of Arena Pharmaceuticals

San Diego drugmaker Arena Pharmaceuticals Inc. has hired a permanent chief financial officer. The company announced Wednesday the appointment of Kevin R. Lind.

ValueGene Inc. Acquired by Integrated DNA Technologies

San Diego-based ValueGene Inc., a biotech services company for gene discovery, has been acquired by Integrated DNA Technologies.

Organovo, UCSF to Collaborate to Develop 3-D Bioprinted Tissue

Organovo Holdings, Inc., a San Diego-based 3-D bioprinting company, announced a collaboration with the University of California, San Francisco to develop 3-D bioprinted tissues for skeletal disease research. The collaboration is being funded by the nonprofit Methuselah Foundation.

Organovo Reports Quarterly, Annual Results

Organovo, the San Diego firm that “bioprints” three-dimensional human tissue, reported an uptick in annual revenue for fiscal 2016, according to an earnings report released June 9.

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Kratos Defense Contract Potentially Worth $22.3 Million

Kratos Defense & Security Solutions Inc. said on June 10 that it received a defense contract that could be worth as much as $22.3 million if its client exercises all of its options.

Connect Invites Tech Startups to Apply for Coming Phase of CapitalMatch Program

San Diego’s early-stage technology companies are invited to apply for Connect’s upcoming CapitalMatch, a program designed to link companies seeking funding with interested investors.

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AMN Keeps Making Strategic Acquisitions

MEDICINE: Latest Buy Is Health Information Co.

San Diego’s AMN Healthcare Inc., the largest health care staffing company in the nation, has snatched up its fifth health care company in less than two years. The acquisition of Franklin, Tenn.-based Peak Health Solutions, a health information management company, is expected to immediately boost AMN’s revenue.

Astute Medical Gets FDA OK to Modify Test to Extend Shelf Life

Local diagnostic maker Astute Medical Inc. received the OK from the U.S. Food and Drug Administration Thursday to make improvements to its lead product. The tweaks to the product will extend the test’s shelf life, possibly improving the test’s marketability to hospitals trying to optimize inventory.