to $575 million for global rights to its experimental drug for endometriosis.
—Bryan Roberts, a Venrock partner in San Francisco who oversees the firm’s life sciences and health IT investments, told a San Diego audience that the healthcare industry is projected to spend only a fourth as much as the financial services industry on new IT infrastructure.
—The West Wireless Health Institute announced it will collaborate with the Carlos Slim Health Institute in Mexico City to advance wireless health solutions in the United States, Mexico, and Latin America. The institute also forged technology and education partnerships with CareFusion (NYSE: [[ticker:CFN]]), Cisco Systems (NASDAQ: [[ticker:CSCO]]), and Medtronic (NYSE: [[ticker:MDT]]).
—San Diego’s Cadence Pharmaceuticals (NASDAQ: [[ticker:CADX CADX), which has been developing an intravenous form of acetaminophen for pain relief in hospitals, said it got an exclusive option to acquire Incline Therapeutics of Redwood City, CA.
—The Michael J. Fox Foundation for Parkinson’s Research gave San Diego’s Ceregene $2.5 million to help fund a mid-stage gene therapy study that aims to deliver the neurotrophic factor neurturin to improve the status of degenerating neurons in the brain.
—Existing investors committed as much as $20 million to San Diego’s Nereus Pharmaceuticals needed to fund a mid-stage trial of a drug candidate for treating non-small cell lung cancer. The company specializes in developing drugs from marine microbes.
Author: Bruce V. Bigelow
In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here.
Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University.
Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.
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