selectively activate receptors in the brain that may play a role in addiction to nicotine, but the exact mechanism of action is not known. The efficacy and safety of lorcaserin for smoking cessation have not been established.
—The San Diego-based Gary and Mary West Health Investment Fund invested $7.5 million in Reflexion Health, a San Diego startup developing technology that uses Microsoft’s Kinect motion-sensing system to help physical therapy patients with their rehab. Including the latest funding, the West Health Investment Fund has put $11.75 million into Reflexion Health.
—San Diego-based Halozyme Therapeutics, (NASDAQ: [[ticker:HALO]]) said the European Commission (EC) has approved a new subcutaneous formulation of rituximab (MabThera), submitted by its strategic partner Roche, for patients with certain lymphomas. It is the second European approval for one of Roche’s cancer drugs using Halozyme’s patented recombinant human hyaluronidase technology. The technology enables patients to get a subcutaneous injection that takes minutes instead of an intravenous administration that takes hours.
—San Diego’s aTyr Pharma named David Weiner as its chief medical officer. Weiner, who held key leadership positions at Proteostasis, Merck Serono, and Acadia Pharmaceuticals, will spearhead aTyr’s efforts to develop physiocrine-based therapeutics to treat rare, grave immune disorders.
—San Antonio, TX-based AirStrip acquired technology developed by San Diego’s Sense4Baby that enables doctors and other healthcare providers to monitor high-risk pregnancies on a smartphone or tablet. The Sense4Baby technology “mobilizes” maternal-fetal waveform data. Financial terms of the deal were not disclosed.
—San Diego’s Sorrento Therapeutics (NASDAQ: [[ticker:SRNE]]), a late-stage clinical oncology company developing new treatments for cancer and associated pain, said it formed a new subsidiary, Ark Animal Therapeutics. Ark plans to initially develop resiniferatoxin (RTX) for treatment of pain associated with osteosarcoma in companion dogs. Ark also seeks to develop multiple veterinary health applications and vaccines against recurrent staphylococcal infections.