to see more data on the drug’s effect on the heart.
—San Diego-based Sangart raised $50 million in venture capital to continue its work on an oxygen-carrying compound to counter blood loss in traumatic injuries. The Series G round of funding is one of the bigger deals we’ve seen in San Diego in recent years, and brings Sangart’s total funding to more than $230 million.
—San Diego’s Tracon Pharmaceuticals raised $14 million of a planned $22 million round of venture capital to fund its development of a promising therapeutic that inhibits the growth of new blood vessels that supply tumors in prostate, bladder, and liver cancers.
—CoDa Therapeutics, which has operations in San Diego and Auckland, New Zealand, raised $19 million in a Series B round of venture to fund its technology for healing wounds, specifically for venous leg wounds and for diabetic patients with foot ulcers.
—San Diego-based Awarepoint, which uses RFID technology to help hospitals keep track of ventilators, surgical tools, and other valuable assets, acquired Charlotte, N.C.-based Patient Care Technology Systems, a workflow software developer. No financial terms were disclosed.
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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