Amylin Buoyed by Diabetes Trials, Vital Therapies Raises $22.6M, Acutus Medical Gets Seed Cash, & More San Diego Life Sciences News

a very simple interface for the elderly to send and receive e-mail, download photos, use other Web-based services.

—San Diego-based Verenium and St. Louis, MO-based Novus International said they are collaborating to develop and commercialize enzymes that can help farm animals and pets digest and absorb nutrients in grains and protein-based feed. Verenium, which has a library of industrial enzymes collected from around the world, also plans to move into a new facility atop Torrey Pines Mesa sometime next year.

—In his BioBeat column, Luke pondered the significance of reports that BIO, the life sciences industry group, has been working behind the scene to change the formal legal mission statement of the FDA. In a talk before home-state biotech leaders at the BIO conference earlier this week, Massachusetts Republican Sen. Scott Brown also said the FDA is “throwing a wet blanket” on innovative new drug discovery. Brown suggested that FDA regulators should consider whether people would die if the agency is slow to give its approval to a new drug.

—A new San Diego-area medical device startup, Acutus Medical, has raised $1 million in debt options and securities, according to a recent regulatory filing. Acutus Medical’s president and co-founder is Randy Werneth, who was previously a co-founder and vice president of engineering at Ablation Frontiers, a Carlsbad, CA, medical device company acquired by Minneapolis, MN-based Medtronic in early 2009 for $225 million. Acutus Medical is developing what Werneth has described only generally as “a breakthrough technology in electrophysiology.”

—San Diego-based TearLab, known previously as OccuLogix, raised $2.3 million in equity and options, according to a recent regulatory filing. As we reported last year, the company moved to San Diego from Toronto, to develop its lab-on-a-chip technologies used to diagnose disease markers in tears at the point-of-care. The company’s common shares trade on the NASDAQ Capital Market under the symbol TEAR and on the Toronto Stock Exchange under the symbol TLB.

—The San Diego-based West Wireless Health Institute named Robert Matthews as its chief technology officer. Matthews, who joins WWHI from Archinoetics, will oversee the institute’s biomedical engineering research and development strategy.

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.