San Diego Business Journal


Recent and archived news stories on: Biotechnology, Doctors, Drugs, Health Insurance, HMO's/PPO's, Hospitals, Medical Devices, Nursing...
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Acutus Medical Completes $26.2M Funding Round

Acutus Medical Inc., a San Diego-based medical device company developing tools for treating complex cardiac arrhythmias, announced it has completed a $26.2 million financing round to continue developing its imaging and mapping system.

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Ambit Biosciences to Be Acquired By Japanese Company

San Diego-based Ambit Biosciences Corp. and Japanese-based Daiichi Sankyo Company Ltd. jointly announced that they have entered into a merger agreement under which Daiichi Sankyo will acquire all of the outstanding common stock of Ambit Biosciences for approximately $315 million on a fully diluted basis or $15 per share.

Positive Results in a Meritage Pharma Trial May Be Step Toward Acquisition

San Diego-based Meritage Pharma Inc. announced positive final Phase 2 results of the company’s treatment for a chronic disease involving inflammation of the esophagus ─ eosinophilic esophagitis.

Aethlon Medical Announces Collaboration on Creating Diagnostic for CTE

San Diego-based Aethlon Medical Inc. and its diagnostic subsidiary, Exosome Sciences Inc., announced that a clinical collaboration with the Boston University CTE Center has been established to advance a blood-based diagnostic test that could identify chronic traumatic encephalopathy in living individuals – a disorder previously only detected upon autopsy.

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Company Turns Up Heat On Pain With New Medical Device

MEDICINE: Machine Warms Blood Providing Temporary Relief

Roughly one in five adults in the United States lives with arthritis, and patients spend $15.6 billion per year on prescription drugs to treat the pain and inflammation associated with the joint disorder.

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Ligand Pharmaceuticals Earns Milestone Payment From Merck

Ligand Pharmaceuticals Inc. announced that Merck & Co. Inc., known as MSD outside the United States and Canada, has received approval for its drug candidate,Noxafil, which was created using technology enabled by Ligand’s Captisol.

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Rehabilitation Center Renovation Is Completed

Renovation of the 14,172 square foot Sharp Memorial Hospital Rehabilitation Center is now complete at the location in Kearny Mesa.

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AMN Healthcare Announces Formation of Training Center

San Diego-based AMN Healthcare Services Inc., a national provider of health care staffing services, announced the establishment of the Center for Professional Advancement to train the future health care workforce for rapidly changing roles at hospitals and health systems.

Judge Tosses Out NuVasive Inc.'s 'Neurovision' Trademarks

A California federal judge on Sept. 24 canceled trademark registrations held by San Diego-based NuVasive Inc., a company developing medical devices for spine disorders, for the word “neurovision” after the company was found to have infringed its rival Neurovision Medical Products Inc.'s trademarks.

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Aethlon Announces Dengue Virus Treatment Agreement

Aethlon Medical Inc., a San Diego-based therapeutic device company, announced that it has entered into an agreement with Qualtran LLC that would expand human clinical studies of Aethlon’s Hemopurifier therapy to include individuals infected with dengue virus, a global health threat not currently addressed with approved drug or vaccine therapies.

Lpath Inc. Announces $12.5M Registered Direct Offering

Lpath Inc., a San Diego-based company working on bioactive lipid-targeted therapeutics, announced that it has entered into definitive agreements to sell 3,605,042 registered shares of common stock and 3,605,042 unregistered warrants in a registered direct offering totaling $12.5 million.

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Covering Insurance Costs Part of the Plan for These Companies

Of the 100 companies featured in the Aug. 18 issue of the San Diego Business Journal named among the “Best Places to Work” in San Diego County, only ten pay 100 percent of an employee’s health insurance premiums.

Sharp Memorial Hospital Rehabilitation Center Renovation Completed

Renovation of the 14,172 square foot Sharp Memorial Hospital Rehabilitation Center is now complete at the location in Kearny Mesa.

Contender Is Ready For Food-Safety Fight

BIOTECH: Product’s First Target is Poultry Processing

Pure Bioscience Inc., a company in El Cajon, has acquired $7.9 million in private financing to continue development of its nontoxic antimicrobial, SDC, which can be sprayed directly on food to kill harmful bacteria such as salmonella and E. coli.

Precision One Medical Acquired By Alabama Company

Precision One Medical Inc., a privately-held manufacturer of dental implants and components in Oceanside, was acquired by BioHorizons, an Alabama company that operates in the same industry.