BIOTECH: BioNTech Plans to Establish a Local Research Facility
The recent acquisition of San Diego’s MabVax has been a long time coming. MabVax sold its cancer drug assets and its lab equipment to German company BioNTech, it was announced earlier this month.
DEFENSE: Rancho Bernardo Business Bought Back $2.2M of Its Stock
LRAD Corp., the maker of Long Range Acoustic Devices able to deliver sound over great distances intelligibly, reported net income of $1.18 million, or 4 cents per share, on total revenues of $10.2 million during its second quarter, which ended March 31.
WORKFORCE: Policies And Protocols Must Be Announced, Instituted
New laws alone won’t be enough for substantive change. Companies also have to set a tone from the top for a good workplace.
FOOD: Company Appeals to Millennial Tastes, Mindset
Food company Bonafide Provisions sells chicken, beef, turkey and frontier flavored broths and other bone broth-based food products in about 6,000 stores nationwide, including Jimbo’s…Naturally!, Sprouts Farmers Market and Whole Foods Market.
LEGAL: Incubator Includes Legal Services Office Space, IP Advice
After expanding its offices earlier last fall, Procopio is hosting five startups at its LaunchPad incubator at the firm’s Del Mar Heights location. The nine-month program provides technology startups with office space and legal services, including assistance with valuation and intellectual property protection.
TECH: Customer Data Platform Casts Big Net Across Systems
San Diego-based software company Tealium closed a $55 million funding round May 15. The new funds will help Tealium grow as the competition heats up Chief Financial Officer Doug Lindroth said.
Kay Chandler founded Chandler Asset Management in 1988 and grew the investment advising firm into one of the region’s largest by assets under management.
DINING: Attention to Detail Goes From Pay to Product Freshness and More
Richard Walker Sr. is the owner of two Richard Walker’s Pancake House restaurants in Chicago and the flagship downtown location in San Diego. Richard Walker Jr. is the owner of the La Jolla property as well as the latest addition up in Carlsbad.
According to a news release, Eric Bauer, who comes from Zume Inc. in San Francisco, a delivery-only pizza company powered by robots, assumed his new position earlier this month.
Connect All @ the Jacobs Center named the first 13 startups that will participate in the new accelerator.
HEALTH: Arm of Moores Cancer Center Holds Annual Symposium
A department at UC San Diego Health’s Moores Cancer Center is known for putting on a symposium to translate groundbreaking oncology discoveries into therapeutics.
PHARMA: Acquisitions Part of CRO Consolidation Trend Locally, Nationwide
WuXi AppTec is making moves in San Diego. The Chinese pharmaceutical company earlier this month bought San Diego-based Pharmapace.
Kevin Sayer has been president and CEO of Dexcom since 2011 and in 2018 was also named chairman.
HEALTH: Hospitals Grapple With Use, Costs and Concerns
Rady Children’s Hospital holds a world record for fastest genomic diagnosis. Instrumental in the feat: artificial intelligence.