total funding for Fate is closer to $66 million.
—FDA regulators have cleared the mobile wireless technology that San Diego’s Sotera Wireless has developed for monitoring hospital patients’ vital signs. The FDA already approved Sotera’s ViSi mobile monitor, a device that wraps around a patient’s wrist and collects vital signs from sensors on the patient’s chest and thumb. The latest FDA decree clears the WiFi technology that Sotera uses to transmit the data to a hospital workstation.
—San Diego-based MediciNova said the Aspire Capital Fund made a $1 million investment as the first installment in an agreement to buy as much as $20 million worth of MediciNova shares over the next two years. MediciNova said it will use the proceeds to fund development of its lead drug candidates. One is for acute asthma and chronic obstructive pulmonary disease, and the other is targeting multiple sclerosis, drug addiction, and chronic pain.
—After reaching its first milestone, San Diego-based Aethlon Medical said the Pentagon’s Defense Advanced Research Projects Agency (DARPA) has agreed to continue funding the company’s work under an existing $6.8 million contract to advance dialysis-like therapies. Aethlon has been developing a device that uses antibody-coated filters to selectively filter infectious organisms, cancer cells, and other life-threatening particles in the bloodstream.
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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