Alteryx Receives $6,000,000 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=3dffcb5c-681f-4deb-8aaf-4e4b4b24a1e4&Preview=1 Date 4/5/2011 Company Name Alteryx Mailing Address 190 S. Glassell Street Orange, CA 92866 Company Description Alteryx is dedicated to creating technology that lets people easily invent smart and extensible solutions to business problems. We seek to inspire ingenuity in our customers and employees by bringing freedom, flexibility and creativity to … Continue reading “Alteryx Receives $6,000,000 New Funding”

Acadia Extends Allergan Pact a Year

San Diego-based Acadia Pharmaceuticals Inc. (NASDAQ: [[ticker:ACAD]]), which specializes in developing novel biopharmaceuticals for central nervous system disorders, has extended a collaboration agreement with Irvine, CA-based Allergan (NYSE: [[ticker:AGN]]) to develop new therapeutics for glaucoma and other disorders. Acadia says the drug development partnership established in 2003 was extended through next March. Acadia has two … Continue reading “Acadia Extends Allergan Pact a Year”

AnaBios Raises $800K From Angels

San Diego-based AnaBios, a contract research organization that deploys assays and develops databases to assess drug safety and efficacy, says it has closed on $800,000 of a planned $2 million Series A investment round led by the Tech Coast Angels. The Tech Coast Angels-affiliated Angel Capital Entrepreneur (ACE) Fund also is participating. In a statement … Continue reading “AnaBios Raises $800K From Angels”

Sony Consolidates Gaming, San Diego’s Slow Recovery, Connect’s Hall of Fame Inductee, & More San Diego BizTech News

As part of the anticipatory celebration for today’s official debut of Xconomy’s sixth website in New York City, I profiled New York’s Enterproid, which was Qualcomm’s grand prize winner in its 2011 QPrize competition. Get that and catch up on the rest of San Diego’s innovation news. —Andrew Toy, Alexander Trewby, and David Zhu founded … Continue reading “Sony Consolidates Gaming, San Diego’s Slow Recovery, Connect’s Hall of Fame Inductee, & More San Diego BizTech News”

The World’s Most Social City Meets Social Media: Why One Hot Investor Thinks New York Is on Fire as a Tech Startup Hub

It’s no secret to anyone looking at venture activity that New York has blossomed over the past few years as a startup mecca. Riding a wave of investments in Web , media, and advertising startups, the city has recently climbed past Boston to become the second greatest center (after the Bay Area) of high-tech deal … Continue reading “The World’s Most Social City Meets Social Media: Why One Hot Investor Thinks New York Is on Fire as a Tech Startup Hub”

Xconomy Expands to New York—the Country’s Hottest Hub of Tech Startups and Entrepreneurship

Every time I visit the Big Apple, a line from Stevie Wonder’s Living for the City flashes in my mind: “New York, just like I pictured it, skyscrapers and everything.” But my mental picture of New York has evolved dramatically in the last few years—not the skyscrapers part, of course, but the “everything” that’s going … Continue reading “Xconomy Expands to New York—the Country’s Hottest Hub of Tech Startups and Entrepreneurship”

Biotechies Need to Get Serious About Antibiotics, Where There is Money to Be Made

There are lots of exceptions to the rules in the biotech business, and a big one jumped out me this past week, related to antibiotics. One day, Reuters ran a story about the overall abysmal state of the world’s pipeline of new antibiotics. Next day, there were reports about how San Diego-based Optimer Pharmaceuticals appears … Continue reading “Biotechies Need to Get Serious About Antibiotics, Where There is Money to Be Made”

Ranker.com Receives $1,300,000 Series A Financing

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=6ae0f62e-3320-4eb5-b168-9d32565bd1c5&Preview=1 Date 4/4/2011 Company Name Ranker.com Mailing Address 7080 Hollywood Blvd Hollywood, CA 90028 Company Description Ranker is an operating system for Lists. Okay, that was pretty nerdy. But basically, Ranker is an easy, fun and social way to rank anything. By hooking up our 5 million+ item database to a drag … Continue reading “Ranker.com Receives $1,300,000 Series A Financing”

Advancing Algal Biofuels to Economic Viability

The San Diego Center for Algae Biotechnology has organized a two-day symposium on the economic viability of algae-based biofuels. Presentations will cover state of the art technologies in algal molecular genetics, biochemistry, and synthetic genomics. The first day of the symposium will include science speakers from the commercial side of algae biofuels research and development. … Continue reading “Advancing Algal Biofuels to Economic Viability”

Driving Life Sciences Discovery in 2011 and Beyond: Acquire or Partner?

For life sciences startups driving the discovery of new products, a key decision is whether to acquire a company or invest in partnerships and collaborations. Biocom has organized a panel of leading experts to discuss key factors in the decision-making process and where they are focusing their efforts. Registration and networking begin at 7 a.m., … Continue reading “Driving Life Sciences Discovery in 2011 and Beyond: Acquire or Partner?”

Gmail Fail: The Problem with Priority Inbox

I was not one the pundits who heaped immediate praise on Priority Inbox, an e-mail management feature that Google added as an option in Gmail last August. TechCrunch instantly labeled it “fantastic,” TheNextWeb called it “outstanding,” and Venturebeat said it “lives up to the hype.” I was hopeful about it, but cautious. Having been burned … Continue reading “Gmail Fail: The Problem with Priority Inbox”

New York’s Enterproid and the Great Divide, Where Rivers (of Data) Change Direction

When Andrew Toy, Alexander Trewby, and David Zhu worked together at Morgan Stanley in 2007, they collectively managed the BlackBerry Enterprise Server for the global financial services company and its 60,000 employees. At that time, Morgan Stanley’s implementation of the corporate platform for e-mail messaging, calendaring, and collaborating was considered to be the largest in … Continue reading “New York’s Enterproid and the Great Divide, Where Rivers (of Data) Change Direction”

Tracon Pharmaceuticals Secures $16,500,002 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=570bc98d-1f60-4b12-9b2a-a7f338a799c5&Preview=1 Date 4/1/2011 Company Name Tracon Pharmaceuticals Mailing Address 8910 University Center Dr. San Diego, CA 92122 Company Description TRACON Pharmaceuticals, Inc. is a fast growing biotechnology company developing next-generation targeted therapies for cancer and related diseases. We are addressing unmet needs in this arena with product candidates that focus on cellular … Continue reading “Tracon Pharmaceuticals Secures $16,500,002 New Round”

Interactive Media Holdings Lands $7,538,150 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=c63093d7-0b43-475a-9825-d930635d4dd1&Preview=1 Date 4/1/2011 Company Name Interactive Media Holdings Mailing Address 4 Park Plaza Irvine, CA 92614 Company Description The company is developing unspecified digital media technologies. Website Undisclosed Transaction Type Venture Equity Transaction Amount $7,538,150 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. Amount includes options, warrants and other rights … Continue reading “Interactive Media Holdings Lands $7,538,150 New Funding”

Tracon Pharmaceuticals Obtains $14,000,000 New Financing Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=570bc98d-1f60-4b12-9b2a-a7f338a799c5&Preview=1 Date 4/1/2011 Company Name Tracon Pharmaceuticals Mailing Address 8910 University Center Dr. San Diego, CA 92122 Company Description TRACON Pharmaceuticals, Inc. is a fast growing biotechnology company developing next-generation targeted therapies for cancer and related diseases. We are addressing unmet needs in this arena with product candidates that focus on cellular … Continue reading “Tracon Pharmaceuticals Obtains $14,000,000 New Financing Round”

Sony Axes 205 Jobs in West; Closes Bellevue Game Office, Other Work Shifts to San Diego

A downer in local tech-job news: Sony Online Entertainment is closing its game development office in Bellevue, WA, part of a broader downsizing that also includes the shutdown of offices in Denver, CO and Tucson, AZ. The company’s statement also says it is stopping work on the undelivered game “The Agency” to focus efforts on … Continue reading “Sony Axes 205 Jobs in West; Closes Bellevue Game Office, Other Work Shifts to San Diego”

Ligand CEO Outlines Strategy, Arena Rebalances its Debt, Venture Biotech Versus Pharma Debate Flares Anew, & More San Diego Life Sciences News

A debate over the sustainability of the venture biotech ecosystem continues to percolate, and the San Diego Venture Group is even planning a breakfast debate on the topic. We’ve got the rest of what’s brewin’ in life sciences too. —San Diego’s Ligand Pharmaceuticals (NASDAQ: [[ticker:LGND]]) is pursuing a fundamentally different strategy under CEO John Higgins. … Continue reading “Ligand CEO Outlines Strategy, Arena Rebalances its Debt, Venture Biotech Versus Pharma Debate Flares Anew, & More San Diego Life Sciences News”

Reagent Proteins Unveils E-Commerce Site

San Diego-based Pfenex, which uses a fluorescing proteobacteria to make specialized protein-based products, says its Reagent Proteins division has launched a new e-commerce site that offers more than 2,300 high-quality, reagent-grade proteins for laboratory research. Reagent Proteins says its offering includes vaccine carriers, adjuvants, and antigens—available in both pre-clinical and cGMP grades. Reagent Proteins says … Continue reading “Reagent Proteins Unveils E-Commerce Site”

IT Employment Staging a Comeback In San Diego, Silicon Valley

Statewide employment data released last week suggest that California’s jobless rate is finally subsiding, as every major industry in the private sector added workers last month for the first time since the Great Recession began in 2007. Employers added a total of 96,500 jobs in February, reducing the statewide jobless rate to 12.2 percent from … Continue reading “IT Employment Staging a Comeback In San Diego, Silicon Valley”

Regulus Gets License From NYU

Regulus Therapeutics, the San Diego-based developer of microRNA therapies, said today that it has obtained exclusive rights from New York University to develop treatments against a couple of microRNA targets (miR-33a and miR-33b) which are thought to have potential to affect athersclerosis and metabolic syndrome. Financial terms of the license weren’t disclosed.

As Kinsella Affair Goes Global, Sofinnova’s Papiernik Says Don’t Blame Big Pharma for Weak Biotech Ventures

Big Pharma has maintained radio silence since Avalon Ventures’ Kevin Kinsella launched a verbal attack last month on what he called the industry’s “predatory business practices,” saying they are doing “enormous damage to the life sciences venture capital ecosystem.” The San Diego biotech investor, in an exclusive interview with Xconomy, argued that pharma’s brass-knuckled M&A … Continue reading “As Kinsella Affair Goes Global, Sofinnova’s Papiernik Says Don’t Blame Big Pharma for Weak Biotech Ventures”

Overland Storage Receives $22,227,071 New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=17816106-15d2-4ca0-9ad4-891eae6f296c&Preview=1 Date 3/30/2011 Company Name Overland Storage Mailing Address 4820 Overland Avenue San Diego, CA 92123 Company Description Overland Storage is a market leader and innovative provider of smart, affordable data protection appliances that help midrange and distributed enterprises ensure business-critical data is constantly protected, readily available and always there. Overland’s award-winning … Continue reading “Overland Storage Receives $22,227,071 New Funding”

VMIX Unveils Technology to Rent Videos on Facebook, Watch on a Variety of Web Devices

San Diego-based VMIX says today it is offering video rentals on Facebook. Its technology enables users to watch movies, TV programs, and other video on the social networking site—or on a smartphone, tablet, PC, or Internet-connected television. VMIX, a six-year-old startup that provides a technology platform for video streaming and content management, says VMIX Social … Continue reading “VMIX Unveils Technology to Rent Videos on Facebook, Watch on a Variety of Web Devices”

Frazier Buys Carefusion Unit

San Diego-based Carefusion (NYSE: [[ticker:CFN]]), said today it has completed the sale of its Onsite Services business to affiliates of Seattle-based Frazier Healthcare Ventures. OnSite offers medical instrument repair and instrument management programs to hospitals. The new company will have 240 employees, Carefusion said in a statement. Financial terms of the deal weren’t disclosed.

Vertex CF Drug Shines in Late-Stage Study in Children

Vertex Pharmaceuticals (NASDAQ:[[ticker:VRTX]]) reported today positive results from an ongoing late-stage study of its cystic fibrosis drug, VX-770, that show that the drug is working about as well in children as it did in older patients with the genetic disorder. The Cambridge, MA-based company said that the Phase III study of the drug, which aims … Continue reading “Vertex CF Drug Shines in Late-Stage Study in Children”

Innovation Report Details Ups and Downs of San Diego Startups

San Diego’s innovation economy continues to move mostly sideways, with venture capital investments plunging and employment improving slightly among high technology and life sciences startups, according to a report today from Connect, the nonprofit group for technology and entrepreneurship. The mixed signals also showed San Diego’s merger and acquisition activity soared and federal grants to … Continue reading “Innovation Report Details Ups and Downs of San Diego Startups”

Toygaroo Secures $200,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=d3aced7e-7f3c-49dc-857f-c865889215f3&Preview=1 Date 3/29/2011 Company Name Toygaroo Mailing Address 3917 Fountain Ave. Los Angeles, CA 90029 Company Description The company provides online service that allows users to rent toys. Website http://www.toygaroo.com Transaction Type Venture Equity Transaction Amount $200,000 Transaction Round Undisclosed Proceeds Purposes Proceeds purposes were not disclosed. M&A Terms Venture Investor Individual … Continue reading “Toygaroo Secures $200,000 New Round”

NASA Scrubs Work on 3D Zoom Cameras, Nixing Avatar Director’s Next Mega Pix

NASA has halted work on an advanced zoom 3D camera system under development in San Diego for the SUV-sized Mars Science Laboratory rover—to the disappointment of Avatar filmmaker James Cameron. In a statement Friday, privately held Malin Space Science Systems (MSSS) of San Diego said there wasn’t enough time remaining to finish testing and integrating … Continue reading “NASA Scrubs Work on 3D Zoom Cameras, Nixing Avatar Director’s Next Mega Pix”

TVC Capital Cashes in on Accordent, GA Aeronautical Systems Delivers Last Predator, Ortiva Wireless Forms Tech Alliance, & More San Diego BizTech News

It was relatively quiet on San Diego’s tech front last week, but the mix of news was unusual and interesting. Check it out for yourself. —San Diego-based TVC Capital, a small private equity investment firm focused solely on software deals, was the lone investor in El Segundo, CA-based Accordent Technologies, which was acquired last week … Continue reading “TVC Capital Cashes in on Accordent, GA Aeronautical Systems Delivers Last Predator, Ortiva Wireless Forms Tech Alliance, & More San Diego BizTech News”

Bigger Isn’t Better: It’s Time for Big Pharma to Break Up Into Little Pharma

Fresh headlines cross my desk almost weekly about the crisis in the pharmaceutical business. Jaw-dropping sums of money, about $65 billion a year, flow into the pursuit of new medicines. Yet every year we hear the same old refrain—a pathetic number of new FDA-approved drugs, just 21 last year—come out the other end. This highly … Continue reading “Bigger Isn’t Better: It’s Time for Big Pharma to Break Up Into Little Pharma”

Sorteo Games Lands $1,000,000 New Funding Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=4a69e4f4-ef03-4da6-a829-f684ca65e29b&Preview=1 Date 3/28/2011 Company Name Sorteo Games Mailing Address 3978 Sorrento Valley Blvd. San Diego, CA 92121 Company Description Digital Orchid, the industry’s leading technology innovator in the development, management, and distribution of branded real-time wireless applications and mobile content platforms. Website http://www.digitalorchid.com Transaction Type Venture Equity Transaction Amount $1,000,000 Transaction Round … Continue reading “Sorteo Games Lands $1,000,000 New Funding Round”

Biomimicry: Nature, Innovation, and the New Economy

This two-day conference, sponsored by Qualcomm’s new Mirasol display technology, presents an overview and an opportunity to consider technology solutions based on the natural world. Products based on nature’s principles are poised to be industry leaders in innovation, efficiency, and sustainability. As the keeper of the world’s largest collection of plants and animals, the San … Continue reading “Biomimicry: Nature, Innovation, and the New Economy”

Are Consumer Electronics the Future of Wireless or Vice Versa?

CommNexus has organized this panel discussion to explore the impact that wireless technologies will have on the next generation of consumer electronic devices. Panelists will discuss what technologies are in the pipeline, how the wireless world is evolving into a multitude of tablets, where the TV and PC fit in, wireless video games, and how … Continue reading “Are Consumer Electronics the Future of Wireless or Vice Versa?”

Commercial Venture Debt Update

Silicon Valley Bank’s senior relationship manager, Frederick “Buzz” Kreppel, will be the keynote speaker at this presentation on current venture debt markets. Kreppel is responsible for managing operations at SVB’s San Diego office, and leads its technology banking team. He has extensive experience structuring unique debt facilities for both technology and life science companies and … Continue reading “Commercial Venture Debt Update”

Challenges and Opportunities in Indoor Location Technologies

New hybrid positioning technologies are expected to drive the mobile location-based services market to exceed $12 billion by 2014. The costs of integrating such positioning and location capabilities in devices are also low; in fact, so low that location capability is now expected to be included in most portable devices and vehicles. With the market … Continue reading “Challenges and Opportunities in Indoor Location Technologies”

Qualifying a CMO to Manufacture Biologic Products

This is the first event by San Diego BioProcess Forum, a recently founded group focused on professional networking and continuing education in BioProcessing. The group has arranged a presentation by Wolfgang Noe on considerations in qualifying a contract manufacturing organization to make biologic products. Noe is a senior consultant at BPTC and was previously the vice … Continue reading “Qualifying a CMO to Manufacture Biologic Products”

Industry Leaders Series: National Instruments Co-Founder and CEO James Truchard

CommNexus, San Diego’s telecommunications trade group, has organized a presentation on “Trends and Technologies: Driving the Future of Test” that features National Instruments CEO James Truchard. Moore’s law has driven tremendous increases in performance and reductions in cost for electronics products across every industry for more than half a century. Truchard will discuss the impact … Continue reading “Industry Leaders Series: National Instruments Co-Founder and CEO James Truchard”

UCSD’s James Fowler on Using Social Networks to Detect Epidemics

Current methods for the detection of contagious outbreaks give contemporaneous information at best about the course of an epidemic. Yet it is known that individuals near the center of a social network are likely to be infected sooner during the course of an outbreak than those at the periphery. James Fowler, the author of “Connected” … Continue reading “UCSD’s James Fowler on Using Social Networks to Detect Epidemics”

Reimbursement Issues, Market Access, and Health Reform

Biocom has organized this panel discussion for anyone who is part of life sciences drug development, medical device, and diagnostics businesses to learn about the potential impact of health reform. Attendees will come away with a better understanding of key components of the Patient Protection and Affordable Care Act and how they affect market access … Continue reading “Reimbursement Issues, Market Access, and Health Reform”

From the Laboratory to Leadership Training

This is the first part in a series of management courses created by Leadership Edge that is designed to turn science-minded managers into capable business leaders. Participants get the core management skills they need to fully leverage your company’s human capital. The program includes company and industry relevant case studies, practical and engaging exercises, down-loadable … Continue reading “From the Laboratory to Leadership Training”

Biocom’s Annual “Celebration of Life” Dinner

Biocom is hosting a fun-filled and entertaining evening with the FDA—that is, Friends, Dining & Ale—as the nonprofit industry group highlights the many achievements of the life sciences industry at its 8th Annual “Celebration of Life” Dinner. More information and online registration is here.

Point – Counterpoint: Is Life Sciences Innovation a Fundable Future or Financial Flop?

Is conventional equity funding for innovation in the life sciences industry truly a viable strategy for private equity and venture capital firms, or is it all just a house of cards? Against a backdrop that includes some local criticism of Big Pharma’s hardball buyout tactics, the San Diego Venture Group has organized a debate on … Continue reading “Point – Counterpoint: Is Life Sciences Innovation a Fundable Future or Financial Flop?”

“Consumer Surplus” from Personal Technology Is Soaring in the Age of Appreciation

It used to be that purchases began depreciating in value the moment you bought them. A new car, for example, might as well come with a little Kelley Blue Book countdown under the odometer showing its declining resale price. Indeed, the idea that property depreciates is so universal that it’s built into our accounting methods … Continue reading ““Consumer Surplus” from Personal Technology Is Soaring in the Age of Appreciation”

San Diego’s Ligand Takes Advantage of the Great Recession to Build New Drug Pipeline

Aside from the name, there isn’t much at Ligand Pharmaceuticals (NASDAQ: [[ticker:LGND]]) that resembles the San Diego biotech that went public in 1992. During the 15 years that followed its IPO, Ligand brought five drugs to market, reported 2005 sales of more than $176 million, and once employed 650 people. The same company posted annual … Continue reading “San Diego’s Ligand Takes Advantage of the Great Recession to Build New Drug Pipeline”

A 2011 Tool Kit for Savvy Cleantech Investors

2010 was a banner year for U.S. cleantech investment and M&A deals. The 371 mergers, acquisitions and capital-raising transactions in 2010 were a record high. The aggregate transaction volume was $14.7 billion—55 percent higher than 2009. Cleantech funding rose 65 percent, to $10.1 billion from $6.1 billion in 2009. Large-scale wind, solar and geothermal projects … Continue reading “A 2011 Tool Kit for Savvy Cleantech Investors”

Mahaffey Succeeds Dobak as Lithera CEO

San Diego-based Lithera has named George Mahaffey as CEO, succeeding founder John Dobak, who has served as chief executive since the company started in 2007. Lithera is developing a new injectable compound designed to locally reduce selective fat tissue. Mahaffey, who previously served as the CEO of Peplin, will join Lithera’s board and Dobak will … Continue reading “Mahaffey Succeeds Dobak as Lithera CEO”

ITherX Repurposes Kemia Drug

San Diego’s ITherX Pharmaceuticals has begun enrolling liver transplant patients in an early stage hepatitis C trial that seeks to repurpose a drug that was initially under development for treating inflammation. ITherX, with backing from Easton Capital and others, acquired the experimental compound from San Diego-based Kemia in 2009 for $75,000, according to VentureWire. In … Continue reading “ITherX Repurposes Kemia Drug”

Topera Maps Abnormal Currents of the Heart, Novalar Plans Shutdown, New Verenium CEO Drafts Strategy, & More San Diego Life Sciences News

San Diego’s life sciences community took two steps forward last week, as two new startups stepped into the light with new medical device technologies, and then one step back with the closure of another company founded in 2000. We have all the latest moves for you, plus a lot more. —San Diego’s Topera Medical, which … Continue reading “Topera Maps Abnormal Currents of the Heart, Novalar Plans Shutdown, New Verenium CEO Drafts Strategy, & More San Diego Life Sciences News”