Biocept Banks $2.3M

Biocept, a San Diego-based developer of cancer diagnostics, has raised $2.3 million of a planned $7.1 million round of  equity financing, according to an SEC filing. Stephen Coutts, the company’s CEO, was not immediately available before business hours this morning to answer questions about the deal. The company, founded in 1997, brought in $3.6 million … Continue reading “Biocept Banks $2.3M”

ISE Files Chapter 11 Bankruptcy, West Wireless Offers Incentive Prize, Psilos Group’s Suennen Scouts Health IT, & More San Diego BizTech News

Summertime, and the livin’ is easy. ISE’s bankruptcy filing marked the only bit of pain in what was another serene week of tech news and unseasonably cool summer temperatures in San Diego. Get caught up on everything you need to know here. —ISE Corp. the Poway, CA-based maker of hybrid-electric drive trains for buses and … Continue reading “ISE Files Chapter 11 Bankruptcy, West Wireless Offers Incentive Prize, Psilos Group’s Suennen Scouts Health IT, & More San Diego BizTech News”

Biocept Obtains $2,300,000 New Round

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=060038e4-5173-4ec2-a33a-f0c6503d4bdc&Preview=1 Date 8/16/2010 Company Name Biocept Mailing Address 5810 Nancy Ridge Drive San Diego, CA 92121 Company Description Biocept is an emerging leader in genetic testing. The company’s proprietary CEE Cell Enrichment and Extraction technology is designed to isolate and extract rare cells for highly accurate genetic analysis. CEE will be used … Continue reading “Biocept Obtains $2,300,000 New Round”

Mobile Apps & Health Home Monitoring

Mobile applications and home health monitoring represent a new segment for health IT companies to explore. Such applications, however, have unique development challenges and a new set of regulatory issues that device makers must know about early in the development. Remember to save enough time for the 90-minute drive to Newport Beach. Online registration is … Continue reading “Mobile Apps & Health Home Monitoring”

Integrating Electronic Medical Records with IT Infrastructure

A number of solutions have been developed to integrate Electronic Medical Records (EMRs) with both wired and wireless technologies. Such integration necessitates software analytics to analyze the voluminous data, which can be used to help improve patient care, provider self-assessment, provider assessment by payers, future CMS compliance, guideline adherence and medical or public health research … Continue reading “Integrating Electronic Medical Records with IT Infrastructure”

Raising Capital Today in Southern California

Some of Southern California’s leading investors talk about what it takes to raise a round of capital. What is the market environment like for companies and VCs? What are lenders and investors specific interests in software, communications, and IT. The San Diego Software Industry Council has recruited Mark Suster of GRP Partners, Quinn Li of … Continue reading “Raising Capital Today in Southern California”

Partnering With Big Pharma

Join Biocom at its regular September breakfast meeting for a discussion about partnering with Big Pharma. The speakers include Sanofi-Aventis vice president for external innovation, Remi Brouard, and Merck Research Lab’s executive director of licensing & external research, James Schaeffer. Registration begins at 7 am, or register online here.

CalAsia Global Conference

A two-day conference that covers drug development strategies in the United States and Pacific Rim, including regulatory compliance issues facing Asian and American companies, the future of global drug discovery, and financing opportunities in Asia. Hundreds of pharmaceutical and biotech executives attend, along with industry consultants, CROs and regulatory officials. More information and online registration … Continue reading “CalAsia Global Conference”

Latterell Thinking: Ken Widder, Latterell Venture Partners’ Man in San Diego, on Early Stage Life Sciences Investing

Before he joined San Francisco-based Latterell Venture Partners almost four years ago, Ken Widder says the VC venture firm was trying to recruit a partner willing to work full time in Latterell’s Embarcadero Center headquarters. “I’ve known Pat for 24 years,” Widder says, referring to Pat Latterell, the namesake founder who started the life sciences … Continue reading “Latterell Thinking: Ken Widder, Latterell Venture Partners’ Man in San Diego, on Early Stage Life Sciences Investing”

Lighting Up the World’s Text: A Talk with Vook Founder Brad Inman

The San Francisco Bay Area is one of those places where the new is always coming up against the old, with strange and often delightful results. You’d think, for example, that anyone who has an iPad would want to show it off. But in the Potrero Hill neighborhood, not far from my office, there’s a … Continue reading “Lighting Up the World’s Text: A Talk with Vook Founder Brad Inman”

Genomics in San Diego: From the Human Genome to a New Biotechnology Focus

San Diego’s biotechnology industry has played an integral part in advances in genomics. Our reach extends from the research and tools created by startups during the genomics boom that began in the late 1990s, to cost-saving improvements made in DNA sequencing and the new field of synthetic genomics, which may provide important advances from biofuels … Continue reading “Genomics in San Diego: From the Human Genome to a New Biotechnology Focus”

Institute Offers $10K for Mobile Health App

In a bid to advance mobile health technology through a standardized social network platform, San Diego’s West Wireless Health Institute has announced a $10,000 incentive prize open to software developers around the world. In guidelines announced yesterday, the institute is challenging developers to design a secure “mechanism” that can be standardized and will integrate personalized … Continue reading “Institute Offers $10K for Mobile Health App”

Prometheus Labs Updates its IPO Filing

San Diego-based Prometheus Laboratories, a specialty pharma and diagnostics company, has filed an amendment to its plans for an initial public offering, which has been in registration for nearly three years. The regulatory filing offers a wealth of new insights into the company. Prometheus says it generated first-half profits of $28.9 million and $259.6 million … Continue reading “Prometheus Labs Updates its IPO Filing”

CareFusion Trims Workforce, Undeterred Ramius Still Wants to Buy Cypress Bio, Biotech Entrepreneurs Want “Virtual Incubator,” & More San Diego Life Sciences News

There wasn’t a lot of life science news over the past week, but what we had was pretty interesting. Judge for yourself. —There’s a cat-and-mouse game underway between New York’s Ramius Value and Opportunity Advisors and San Diego’s Cypress Bioscience (NASDAQ: [[ticker:CYPB]]). Ramius, which offered $160 million to acquire Cypress last month, renewed its call … Continue reading “CareFusion Trims Workforce, Undeterred Ramius Still Wants to Buy Cypress Bio, Biotech Entrepreneurs Want “Virtual Incubator,” & More San Diego Life Sciences News”

ISE Corp., Maker of Heavy Duty Hybrid Electric Drive Systems, Files for Bankruptcy Reorganization

Poway, CA-based heavy-duty hybrid-electric drive systems maker ISE Corp. filed for Chapter 11 bankruptcy reorganization yesterday in San Diego—less than six months after the 15-year-old company went public on the Toronto Stock Exchange. The company makes hybrid-electric drive trains and energy storage systems for buses and other heavy-duty vehicles. In a statement issued yesterday, the … Continue reading “ISE Corp., Maker of Heavy Duty Hybrid Electric Drive Systems, Files for Bankruptcy Reorganization”

Ramius Sweetens Offer for Cypress Bio

New York’s Ramius, which made last month’s unsolicited offer to acquire San Diego’s Cypress Bioscience (NASDAQ: [[ticker:CYPD]]) for $160 million, pushed again today to meet with the biotech, and even sweetened its offer slightly. A statement issued by Ramius Value & Opportunity Advisors includes a letter to Cypress saying, “We…are extremely disappointed that the company … Continue reading “Ramius Sweetens Offer for Cypress Bio”

Insights From St. Bernard’s CEO on Red Condor Acquisition

When San Diego’s St. Bernard Software announced last week that it was acquiring the assets of Rohnert Park, CA-based Red Condor, CEO Lou Ryan was not available to explain the deal, which was a somewhat-involved transaction. When I finally caught up with Ryan by telephone, he explained that in addition to buying Red Condor’s e-mail … Continue reading “Insights From St. Bernard’s CEO on Red Condor Acquisition”

San Diego’s Scientist-Entrepreneurs Look to “Virtual Incubator” to Help Life Sciences Startups

A grassroots group of local life sciences entrepreneurs—frustrated by their inability to get the resources they need to start new companies—has formed a working group to develop a “virtual incubator” to help seed-stage biotech startups get established in San Diego. Scott Struthers, a co-founder of the San Diego Entrepreneurs Exchange (SDEE), which was formed by … Continue reading “San Diego’s Scientist-Entrepreneurs Look to “Virtual Incubator” to Help Life Sciences Startups”

Kendall Square Wants an Entrepreneurial Walk of Fame—and So Should Every Innovation Hub

Local legends Matt Damon and Ben Affleck rose from the bowels of Cambridge Rindge and Latin School (the high school’s drama department really is in the basement) to become international movie stars—and Damon was chosen three years ago to get a star along the famous Hollywood Walk of Fame. But the business leaders who have … Continue reading “Kendall Square Wants an Entrepreneurial Walk of Fame—and So Should Every Innovation Hub”

MabVax Gets $1.1M Grant

MabVax Therapeutics, a San Diego clinical stage biotechnology company developing vaccine and antibody-based therapies as a way to prevent recurrent cancer, says it has received a follow-on grant of $1.1 million under the Small Business Technology Transfer Program from the National Cancer Institute. Privately held MabVax is developing a human monoclonal antibody therapy to target … Continue reading “MabVax Gets $1.1M Grant”

Vertex’s Telaprevir Clears Hurdle, Could Halve Treatment Times for Hepatitis C

[Updated. 8:55 am Eastern time. See editor’s note.] Vertex Pharmaceuticals’s (NASDAQ:[[ticker:VRTX]]) lead drug candidate for hepatitis C infection has passed another test. The Cambridge, MA-based company, which has West Coast operations in San Diego, says today that it now has proof that its drug in combination with standard therapies can wipe out the chronic liver … Continue reading “Vertex’s Telaprevir Clears Hurdle, Could Halve Treatment Times for Hepatitis C”

Lisa Suennen, Voice of Venture Valkyrie, Has No-Nonsense Take on Health IT

There are a slew of venture capitalists who populate the blogosphere with their opinions and pearls of wisdom on, well, just about everything. But many of those VC bloggers—predictably—come from the tech side of the house. Fewer are blogging about healthcare investing. And fewer still are women. Now enter Lisa Suennen, a managing member of … Continue reading “Lisa Suennen, Voice of Venture Valkyrie, Has No-Nonsense Take on Health IT”

Who Are You? Part 2: Gender and Education Backgrounds of Venture-Backed Internet Startups

As we reported last week, there wasn’t much to surprise the sociologists of innovation in Part 1 of the data CB Insights gleaned about the race, age, and experience of the founders at 165 Internet startups that raised venture capital funding during the first half of 2010. But there are some interesting, and perhaps unexpected, … Continue reading “Who Are You? Part 2: Gender and Education Backgrounds of Venture-Backed Internet Startups”

Mark Hurd’s Real Legacy at Hewlett-Packard: Reverticalization

The somewhat lurid circumstances surrounding Mark Hurd’s resignation Friday as chief executive of Palo Alto, CA-based Hewlett-Packard have left plenty of room for gossip. Hurd stepped aside after a board investigation into a sexual harassment claim by a former marketing contractor; the board cleared Hurd of the harassment allegation, but found that he’d fudged expense … Continue reading “Mark Hurd’s Real Legacy at Hewlett-Packard: Reverticalization”

Angels Launch New Seed Capital Fund, DoCoMo Acquires PacketVideo, St. Bernard Gets Red Condor, & More San Diego BizTech News

A couple of deals topped the tech news last week, but the development most worth watching might be the formation of a new type of fund by Southern California’s Tech Coast Angels. Find out why, and catch up on the rest of San Diego’s tech news here. —The angel investor group Tech Coast Angels is … Continue reading “Angels Launch New Seed Capital Fund, DoCoMo Acquires PacketVideo, St. Bernard Gets Red Condor, & More San Diego BizTech News”

Angel Investing: The Most Satisfying Experience You’ll Ever Have

[Editor’s Note: On July 29, leading Silicon Valley angel investor Ron Conway, the founder of SV Angel, gave the opening talk at AngelConf, an afternoon conference for budding angel investors sponsored by the Y Combinator startup incubator program in Mountain View, CA. The following is an edited transcript of Conway’s talk, published by permission.] I’m … Continue reading “Angel Investing: The Most Satisfying Experience You’ll Ever Have”

Preparing for M&A Deals

Despite high unemployment, debt overhang, and potential regulatory and fiscal changes, opportunities for mergers and acquisitions still exist. To navigate an M&A transaction in this challenging economy, both buyers and sellers need to understand how to optimize results and adequately prepare for questions and issues throughout the transaction. More information and online registration is here.

Frontiers in Science & Technology: Targeting Genes That Shield Cancer Cells

Certain genes in the human body inadvertently protect cancer cells against necessary chemotherapy treatments. Through the identification of small-molecule lead compounds, scientists at Sanford-Burnham have been able to stop these “anti-death” genes from shielding cancer cells, making anti-cancer therapeutics more effective. Sanford-Burnham’s cancer research efforts also have enabled researchers to selectively target drugs to specific … Continue reading “Frontiers in Science & Technology: Targeting Genes That Shield Cancer Cells”

The San Diego Venture Group Summer Social

Join the San Diego Venture Group at the seaside forum of UC San Diego’s Scripps Institution of Oceanography, a beautiful LEED certified venue with stunning views of the oceanfront. Park at the Birch Aquarium parking lot; shuttle buses will run continuously between the parking lot and Scripps Seaside Forum.

Cypress Bio Rejects Buyout Offer, Shutting Down Commercial Business

Here’s one solution to a suitor’s unsolicited buyout offer: Make yourself ugly, at least to that suitor. San Diego’s Cypress Bioscience (NASDAQ: [[ticker:CYPB]]) got a $160 million cash buyout offer last month from Ramius Value and Opportunity Advisors, part of the New York-based, $7.8-billion Ramius hedge fund group. Ramius, which had accumulated a 10 percent … Continue reading “Cypress Bio Rejects Buyout Offer, Shutting Down Commercial Business”

How to Banish Business Cards: A Ranked List of Digital Options

Business cards are the scourge of anyone trying to go paperless. Sure, the basic concept is brilliant: a business card provides a compact, easily transferable storage location for all of the key data about another person. But it’s a mystery to me why the traditional paper business card, a descendant of the 17th-century visiting card, … Continue reading “How to Banish Business Cards: A Ranked List of Digital Options”

Venture-Backed IPOs Recovering but Weak: We Compare Results for San Francisco, Boston, Seattle, & San Diego

Amid an overall improvement in IPOs, a survey by Menlo Park, CA-based VentureDeal shows 21 venture-capital backed technology or life sciences companies went public in the U.S. during the first six months of 2010, raising a total of $1.9 billion in gross proceeds. VentureDeal’s IPO activity report is focused on a specific subgroup of technology … Continue reading “Venture-Backed IPOs Recovering but Weak: We Compare Results for San Francisco, Boston, Seattle, & San Diego”

SG Biofuels Building Greenhouse Here

Another greenhouse is going up in the neighborhood. SG Biofuels, Inc., which is cultivating a Jatropha-based biofuels business, says it is establishing an advanced Jatropha research and development center in the San Diego area that will include a 42,000 square-foot greenhouse. A few weeks ago, synthetic Genomics held an open house at its greenhouse, where … Continue reading “SG Biofuels Building Greenhouse Here”

Conatus Gets Idun, Trius Goes Public, BrainCells Gets Sabcomeline, & More San Diego-Area Life Sciences News

Either I have too much time on my hands, or the first half of today’s headline is pretty close to a Haiku in English. Don’t grade me. Let’s just move on with the roundup of life sciences news. —We briefly noted that San Diego’s Conatus Pharmaceuticals acquired Idun Pharmaceuticals for an undisclosed sum from Pfizer, … Continue reading “Conatus Gets Idun, Trius Goes Public, BrainCells Gets Sabcomeline, & More San Diego-Area Life Sciences News”

St. Bernard Buys Red Condor Assets

San Diego’s St. Bernard Software, which provides the iPrism network security appliance, said today it has acquired the e-mail security technology and substantially all other assets of Red Condor, a six-year-old startup near Sonoma State University. St. Bernard (OTCBB: [[ticker:SBSW]]) says the acquisition of Red Condor’s spam-and-bot filtering technology enhances and expands its security offering, … Continue reading “St. Bernard Buys Red Condor Assets”

BrainCells Inc. Buys Neuro Drug

BrainCells Inc., the San Diego-based developer of drugs for depression and other neurological disorders, said today it has acquired a drug from London-based Proximagen that could have potential against various psychiatric diseases. BrainCells has agreed to pay as much as $51 million in upfront and milestone payments, plus royalties on future product sales, for the … Continue reading “BrainCells Inc. Buys Neuro Drug”

Genzyme, Isis Cholesterol Drug Passes Pair of Clinical Trials; Shares Fall Anyway

Genzyme has been all over the news in the past week because of takeover speculation, but today when fundamental news came out about one of its most important assets for the future, investors yawned. Cambridge, MA-based Genzyme (NASDAQ: [[ticker:GENZ]]) and its partner, Carlsbad, CA-based Isis Pharmaceuticals (NASDAQ: [[ticker:ISIS]]) said today that their drug for people … Continue reading “Genzyme, Isis Cholesterol Drug Passes Pair of Clinical Trials; Shares Fall Anyway”

San Diego Takes Center Stage as Ecotality Works Ahead of Electric Vehicle Rollouts

San Diego utility executives and transportation planners, together with Ecotality CEO Jonathan Read, yesterday unveiled a blueprint for deploying electric vehicle charging stations throughout the region—making San Diego the beginning point for a new era of rechargeable transportation. “It’s a milestone on the road to the mass-marketing of electric cars,” decreed Ron Roberts, a San … Continue reading “San Diego Takes Center Stage as Ecotality Works Ahead of Electric Vehicle Rollouts”

How Eli Lilly Let a Billion-Dollar Molecule Slip Away and Make a Fortune for Vertex

Careers can be made in the drug development business on a single drug like telaprevir, the hepatitis C treatment from Vertex Pharmaceuticals (NASDAQ:[[ticker:VRTX]]). If it gets approved, the drug has the potential to become a leading treatment for the chronic liver disease—and to make a multibillion-dollar fortune for Cambridge, MA-based Vertex—within the next few years. … Continue reading “How Eli Lilly Let a Billion-Dollar Molecule Slip Away and Make a Fortune for Vertex”

RealPractice Garners New Funding

Feed Type Link http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=dcb43b11-80b2-4c0f-8c53-56bfdfda719d&Preview=1 Date 8/4/2010 Company Name RealPractice Mailing Address 4 Hutton Center Dr. Santa Ana, CA 92707 Company Description RealPractice helps attorneys and law firms to realize the potential of their practice. For nearly 10 years, the company has been providing innovative and trusted technology products and services to thousands of legal professionals, … Continue reading “RealPractice Garners New Funding”

Tech Coast Angels Forms New Fund to Make Collective Startup Investments

Southern California’s Tech Coast Angels (TCA) says today it is forming a new fund that will allow non-members to collectively participate in startup investments, a move that should add some firepower to TCA deals and could smooth out the funding process for entrepreneurs. The formation of the Angel Capital Entrepreneurial Fund (ACE Fund) comes at … Continue reading “Tech Coast Angels Forms New Fund to Make Collective Startup Investments”

Trius Ends First Day Trading at $5 a Share

San Diego’s Trius Therapeutics (NASDAQ: [[ticker:TSRX]]), which is developing technology for making a new class of antibiotic compounds, ended the day as it began this morning—at its initial public offering price of $5 a share. Trius was forced to cut its price to $5 a share yesterday (from a range of $12 to $14 per … Continue reading “Trius Ends First Day Trading at $5 a Share”

Pfenex Gets $19M for Anthrax Vaccine

The federal Biomedical Advanced Research and Development Authority (BARDA) has awarded funding that could be worth as much as $18.8 million to San Diego-based Pfenex to help develop an anthrax vaccine. The authority was established within the U.S. Department of Health and Human Services to manage the procurement and development of advanced medical countermeasures for … Continue reading “Pfenex Gets $19M for Anthrax Vaccine”

Who Are You? Charting the Demographics of Venture-Backed Internet Startups

Our friends at CB Insights, a New York information services firm that tracks investments in private companies, have been busy gathering new insights about the demographics of venture-backed Internet companies. They’ve put together a report based on data about the founders of 165 early stage Internet companies that raised their first round of institutional venture … Continue reading “Who Are You? Charting the Demographics of Venture-Backed Internet Startups”

The Embargo System in Science News Needs Some Peer Review

Ever wonder how it is that the day a big scientific paper is published, or a groundbreaking presentation is given at a meeting, all major media outlets seem to have the story right away? It doesn’t happen by chance. The massive coordination effort is known as the embargo system. It is one of the most … Continue reading “The Embargo System in Science News Needs Some Peer Review”

DivX in TVs Made by China’s Skyworth

San Diego-based DivX (NASDAQ: [[ticker:DIVX]]), which is being acquired by Sonic Solutions (NASDAQ: [[ticker:SNIC]]) of Novato, CA, says today that one of the largest TV manufacturers in China, Skyworth, will integrate the DivX codec into its line of 2010 digital TVs. DivX technology allows digital videos to be compressed to a fraction of their original … Continue reading “DivX in TVs Made by China’s Skyworth”