West Coast Bio Roundup: Illumina, 10X Genomics, Juno, and More

[Corrected 1/19/16, 10:10 am. See below.] Last week’s annual J.P. Morgan Healthcare Conference put the biotech industry’s biggest event on display, as some 9,000 life sciences executives and investors descended upon San Francisco. Unfortunately, as Bloomberg News pointed out, the industry’s lack of gender diversity also was on display—most egregiously at a LifeSci Advisors party that sought to balance the shortage of women in biotech with models in black cocktail dresses.

From the business side of the conference, Xconomy’s Alex Lash and Ben Fidler offer their highlights here. I’ve got the rest of the West Coast life sciences news wrapped up here.

—San Diego-based Illumina (NASDAQ: [[ticker:ILMN]]), the world’s largest DNA sequencing company, says it is forming Grail, a new San Francisco-based startup, to advance so-called “liquid biopsy” technology that can routinely screen patient blood samples for cancer. Illumina CEO Jay Flatley says that using genome sequencing to identify infinitesimal pieces of tumor DNA circulating in the bloodstream (about 0.01 percent of the blood sample) would be a “turning point in the war on cancer.”

—Juno Therapeutics (NASDAQ: [[ticker:JUNO]]) of Seattle bought private AbVitro, a maker of single cell sequencing technology, for $125 million in cash and stock. Juno’s T cell therapies have shown promise in clinical trials fighting blood-borne cancers, but the AbVitro technology would help Juno extend its efforts into treatments for solid tumors, Juno officials said.

—UC San Diego announced the appointment of Howard Feldman, a doctor and scientist who specializes in dementia, to oversee the Alzheimer’s Disease Collaborative Study, a nationwide research program at the heart of a power struggle between UCSD and USC. Litigation between the two research universities over control of the program has been playing out since last summer. In a ruling issued last week, U.S. District Judge Roger T. Benitez signaled his intent to issue a written order in the case. A UC San Diego spokesman said Feldman’s recruitment offer included $10 million to set up his laboratory and support his research, and an annual salary of $390,000.

—In other sequencing news, 10X Genomics of Pleasanton, CA, unveiled a new

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.