AEROSPACE: Kratos Buying 80.1% of Co. With Option to Buy the Rest
Kratos Defense and Security Solutions Inc. continues to develop its unmanned aircraft business, as shown by its recent acquisition of a company that makes small jet engines in February, and the first flight of a drone in March.
BIOTECH: ViaCyte Built Up IP, Absorbed Rivals
In 1998, researchers derived stem cells from human embryos for the first time. With the advance came the hope of curing Type 1 diabetes.
The San Diego Padres will commemorate 50 years in the city this year.
PHARMA: Drug Used to Reverse Antiplatelet Activity
PhaseBio’s stock jumped March 18 after the company’s lead drug candidate showed promise in an early-stage clinical study.
CV Sciences is cashing in on rising demand for cannabidiol, or CBD.
BIOTECH: Local Co. Gains Global Reach In Sales, Marketing
CureMatch, a San Diego-based software startup that helps oncologists identify treatment options for patients, recently landed a big corporate partner.
FINANCE: Proceeds to Pay Off Credit Facility Debt, And for General Purposes
Viasat Inc. is selling $600 million in senior secured notes due 2027 to institutional buyers, after originally planning for a $500 million bond issue, the company said March 21.
ScaleMatrix, a San Diego-based company that offers high-density data centers, acquired Arizona-based Instant Data Centers on March 19. Instant Data Centers builds micro data centers for edge computing, which involves processing data as close as possible to the end user. The companies did not disclose the terms of the deal.
San Diego County has its share of military construction projects that might take a back seat to construction of a wall on the U.S.-Mexico border.
Chef and owner Matt Gordon announced earlier this month on Facebook that Urban Solace restaurant, in North Park, and Solace & Moonlight Lounge, in Encinitas, will close their doors.
WD-40 Co. announced on March 19 that it named Anne G. Saunders to its board of directors, bringing the number of directors up to 10.
According to a press release, SDC has been rebranded as WeareSDC and, as part of the transaction, all members of the SDC team will immediately become the head of the Next Green Wave extraction and manufacturing unit.
At 13 hours and 3,075 nautical miles, it was a relatively short flight for a U.S. Air Force Global Hawk unmanned aircraft.
BUILDING: Tariffs, Demand for Materials Likely to Boost Prices
A year ago, construction costs were rising so fast with fear of tariffs so shaking the industry that some contractors started stockpiling materials. That’s over, with many San Diego County contractors predicting a slow but steady rise in costs through the end of 2019.