Jeff Clemetson

Reporter

Recent Stories

Resilience Grabs $1.25B in Funding

PHARMA: Series C, D to Expand Infrastructure

National Resilience, Inc. (Resilience) is on a mission to reinvent biomanufacturing – a well-funded mission.

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GigTown Books a Post-Pandemic Reboot

ENTERTAINMENT: New Owners Look to Grow After Surviving Live Music Shutdown

When the COVID-19 pandemic struck in 2020, the live music industry was one of the first to shutter. Not the most ideal time to take over a web-platform company that connects musicians to fans and venues, but ....

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Scripps Professor Wins Royal Society of Chemistry Award

EDUCATION: K. Barry Sharpless Also a Former Nobel Recipient

Scripps Research chemist K. Barry Sharpless has added another prestigious award to his long list of career accomplishments.

Labor Shortage, Innovation Drive Growth at Brain Corp

ROBOTICS: AI Software Firm Sees 100% Growth in Europe

For most companies, the global pandemic followed by a labor shortage is a serious concern. For San Diego-based Brain Corp it has been a boon.

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Procopio’s LaunchPad Relaunch Prepped for Liftoff

STARTUPS: Incubator Offers Early-Stage Companies Legal, Business Services

After a two-year pandemic hiatus, Procopio is relaunching its LaunchPad incubator program to help early-stage companies achieve liftoff.

Epic Advances Liquid Biopsy

BIOTECH: $43M Series F to Fund Growth

San Diego diagnostics company Epic Sciences, Inc. is in an epic position to grow its multi-omic platform and expand operations.

XCOM Powers Wireless VR at AWE USA

TECHNOLOGY: Partnership with The VOID Displayed Potential of Metaverse

The Void experience at AWE showcased XCOM Labs’ multi-user wireless VR system that delivers cinematic-quality virtual reality with near-zero latency.

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CLS Launches SoCal-Focused FAST

STARTUPS: Program Serves Earliest-Stage Biotech Companies

Biotech startups in Southern California will soon have the opportunity to speed up their path to commercialization.

Borrego Sells Solar Projects for $567M

ENERGY: Company Retains EPC and O&M Businesses

Borrego, one of San Diego’s earliest pioneers in the solar industry, is getting out of the development business. Last month, the company announced it was selling off the development side of its business to Energy Capital Partners.

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Lawyers Weigh In on Work-From-Home, Hybrid Employment Issues

LEGAL: Changes in Workplace Agreements Prompt New Challenges for Employers

Hybrid work, telework, flex work – all these terms have become commonplace since the COVID-19 virus made trips into the office unsafe during the height of the pandemic. And now, even with vaccines readily available and life returning to some semblance of “normal,” many employers are still offering employees work from home options.

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CB Therapeutics Patents 'Magic' Mushroom Process

PHARMA: Company Makes Psychedelics Sustainable, Scalable

CB Therapeutics is bringing a bit of scientific “magic” of its own to the growing field of “magic” mushroom and other natural psychedelic compounds research.

USD Program Preps Product Managers

EDUCATION: Offers Path to High-Paying Career with Growing Need

Even as reports that the red-hot job market is showing signs of cooling down and hiring slows, there are still some job titles with growing demand that are going unfilled at companies throughout San Diego. One such title is product manager.

North San Diego Business Chamber Welcomes New Board Members

COMMERCE: Hrountas Continues Second Term as Board Chair

Starting in July, the North San Diego Business Chamber (NSDBC) Board of Directors will include seven new members.

Scripps Offers Open-Source RNA Drug Development App

BIOTECH: Software Speeds up Process for Future Vaccines

Scripps Research is helping fellow scientists everywhere speed up the process of studying RNA for drug development. Last month, Scripps announced it had created an app named “Pytheas” for studying RNA molecules and that it would be offered to the scientific and academic communities for free as an open-source software tool.

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Airspace Fueled for Global Expansion

LOGISTICS: $70M Round Grows AI

Carlsbad-based logistics tech company Airspace is fueled up and ready for takeoff. On May 25, the company announced it had landed a $70 million funding round to expand its global operations and sustainability goals.

Bristol Myers Squibb Buys Turning Point

BIOTECH: $4.1B Deal Expands ‘Oncology Franchise’

Bristol Myers Squibb (BMS) is further strengthening its ties to San Diego. On June 3, the New York-based global biopharmaceutical company announced it had acquired Turning Point Therapeutics, Inc., a clinical-stage precision oncology company based in San Diego.

Pleno ‘Hypercoding’ Poised to Disrupt Clinical Testing

BIOTECH: Company Raises $15M Pre-Series A

Multi-omic instrument platform company Pleno, Inc. is poised to disrupt clinical testing.

Opening Up Opportunities in Social Media Businesses

EMPLOYMENT: Incubator Addresses Unique Job Needs of Military Spouses

Even amidst a tight labor market with excessive job openings, there are some demographics that have not recovered from the pandemic. “There is a 30% unemployment rate right now for military spouses,” said Victoria Carlborg of the Oceanside Chamber of Commerce.

Sharp Launches Funding Campaign at Groundbreaking

HEALTHCARE: Expansion at Serra Mesa Hospital Part of ‘ENVISION’

Sharp HealthCare is already bringing its “ENVISION” to life. On May 26, the Foundations of Sharp HealthCare broke ground on Sharp Memorial Hospital’s emergency and trauma center expansion – and used the occasion to announce a $250 million fundraising campaign to advance improvements at Sharp’s corporate headquarters, regional medical centers and specialty hospitals.

Chapin Returns to The Op with New Directions

ENTERTAINMENT: Board Game Manufacturer Expands Into Digital, Television

Dane Chapin describes himself as a lifelong “serial entrepreneur.” So it came as no surprise when he stepped away from Usaopoly (The Op), a successful board game company he founded with his sisters in 1994, to pursue other business opportunities.

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Software Platform Cooks Up Recipe for Success

FOODTECH: Galley Solutions Raises $14.2M in Series A

Carlsbad-based foodtech platform firm Galley Solutions has growth on the menu, thanks to a Series A feeding the company $14.2 million.

Tycoon Goes ‘Beyond Zero’

ESG: ‘Conscious Capitalism’ Inspires CEO

The life story of carpet tycoon Ray Anderson is still inspiring change, even after his passing in 2011. On May 25, Conscious Capitalism San Diego (CCSD), along with partners The San Diego Business Journal and Better Business Bureau, sponsored the California premiere of the documentary film “Beyond Zero.”

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Bioscience Finance Officers to Convene in San Diego

EVENT: National Conference Held Amidst Industry’s Changing Economy

After two years of pandemic delays, the Association of Bioscience Financial Officers (ABFO) will finally hold its national conference in San Diego next week (June 5-8).

Qualcomm, Partners Eye Improving Road Safety

AUTOMOTIVE: Deployment of 5G C-V2X Inevitable Says Panel

Imagine driving in your car where you are suddenly alerted to a school bus ahead with its stop arm out and children unloading; or on a foggy day when digital road signs are obscured, your radio quickly cuts out to broadcast an Amber alert message. C-V2X (cellular vehicle-to-everything) technology is already here, is tested and is ready to deploy.

Travere’s Sparsentan Gets Priority Review

PHARMA: Treating Rare Kidney Disease

Travere Therapeutics, Inc. is on track to bring another rare disease therapy to market, possibly by the end of the year.

Sharp Launches Funding Campaign at Groundbreaking

HEALTHCARE: Expansion at Serra Mesa Hospital Part of ‘ENVISION’

Sharp HealthCare is already bringing its “ENVISION” to life. On Thursday, May 26, the Foundations of Sharp HealthCare used the groundbreaking on Sharp Memorial Hospital’s emergency and trauma center expansion to announce a $250 million fundraising campaign to advance improvements at several facilities.

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rBIO Succeeds in Biomanufacturing Insulin

PHARMA: Partnership with Washington University Adds Key Process

For many Type-1 diabetes patients and the health plans that cover them, the cost of insulin is a burdensome problem. And amidst a global supply chain crisis, access to insulin has only compounded the issue.

Union Bank Hosts Discussion on Improving Access to Capital

FINANCE: Acquisition by U.S. Bank May Bolster Community Programs

A recent panel discussion hosted by Union Bank at the Hotel Del Coronado explored the causes of and solutions to inequities in banking for marginalized communities.

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Pilot Program Reduces Bill for Highest-Cost Patients

HEALTHCARE: Presidium Health Teams with CHG for Concierge Care

To improve outcomes for the most challenged residents in our communities, San Diego-based Presidium Health is taking on the 1%.

Radicle Science Retools Clinical Trials for Wellness Products

HEALTHTECH: Company Founded to Address Cannabis Efficacy Testing

Wellness products like CBD oil or valerian root are used by millions of people for various health benefits, but official proof of their effectiveness has long been a frustration of producers and consumers alike. San Diego startup Radicle Science has come up with a solution.

ADF Tops $1B in Loans

FINTECH: Serving the ‘Underestimated’

This month, Applied Data Finance, LLC (ADF) announced a milestone – more than $1 billion in loans originated or facilitated by its AI-powered analytics platform.

BARDA Taps Jumpcode for Pathogen Detection Program

BIOTECH: Platform Isolates Pathogens in Sequencing Workflows

Detecting and responding to unknown pathogens will be key in stopping the next pandemic.

Report Spotlights Impact of Blue Economy

BLUETECH: Despite COVID, Sector Saw 163% Job Growth

Even amongst strong and diverse sectors like biotech, pharma and tourism, San Diego’s blue economy is a pillar of prosperity in the region, and one that is growing quickly.

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Friendly Hills Bank Expands Executive Team

On May 17, Friendly Hills Bank (FHB) announced it is bolstering its executive suite with a spate of new hires.

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Aspen Neuroscience Raises $147.5M in Series B Round

BIOTECH: Starting Clinical Trial for Parkinson’s Stem Cell Therapy

San Diego-based Aspen Neuroscience, Inc. announced a Series B financing round of $147.5 million on May 9 to further advance its treatment of Parkinson’s disease using autologous stem cell therapies.

Illumina, Deerfield Ink Drug Development Deal

PHARMA: Partnership to Take Genomics Approach to Discovery

Illumina, Inc. is expanding its reach into drug discovery and development. On May 5, the San Diego DNA sequencing giant announced a partnership with New York-based healthcare investment management firm Deerfield Management to apply a genetic-led approach to develop novel therapies for diseases with unmet medical needs.

Qualcomm Unveils Advanced Robotics

TECH: Platforms Debut at 5G Summit

Qualcomm Technologies, Inc. unveiled its latest and most advanced developments in 5G and AI-enabled robotics on May 10 and the company’s annual 5G Summit.

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Celebrating Innovation at Five.Ten.Thirty

The inaugural Five.Ten.Thirty drew about 3,400 to Petco Park on April 28. The daylong event organized by Connect San Diego featured booths from around 100 startups across a variety of innovation industries. There were also over 180 venture capital groups and around 140 angel investors in attendance.

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Easie Launches AI-Powered Invoice Solution

SOFTWARE: Consulting Company Expanding Tech Platform

Business consulting firm Easie is breaking into the software space. On April 26, the company announced the launch of Easie Invoice AI - the first AI product offered from Easie’s Document AI software suite.

SDNEDC Event Spotlights Amazon

RETAIL: Growing County Footprint

The San Diego North Economic Development Council (SDNEDC) hosted a “Lunch and Learn” event at the Green Dragon Tavern & Museum in Carlsbad late last month (April 27) featuring speaker Stephen Maduli-Williams, manager of economic development policy for Amazon.

Lineage Unveils Cell Programs

BIOTECH: Inks $670M Deal to Bolster Pipeline

Lineage Cell Therapeutics is rapidly expanding its cell therapy pipeline. In late March, the company announced a new investigational product candidate – an auditory neuronal cell transplant for the treatment of hearing loss, with an initial focus on the treatment of auditory neuropathy spectrum disorders.

South 8 Raises $12M For Liquified Gas Battery Tech

MANUFACTURING: Innovation Improves Safety, Power of Li-ion Batteries

San Diego-based lithium battery innovator South 8 Technologies is charging up. On April 26, the company announced it had closed a $12 million Series A funding round it will use to accelerate the commercialization of its patented Liquefied Gas Electrolyte (LiGas) technology.

FTN Network Going Big in Sports Betting Space

WEBSITES: Company Gains Spot in Top Sports Accelerator

In the wide, wide world of sports betting and fantasy sports, good data is key. That is the premise behind FTN Network, a multi-site platform featuring content and data for sports betting and fantasy sports aficionados.

Global Algae Innovations Hits ‘Milestones’

SUSTAINIBILITY: SD Company Wins $1M XPRIZE for Carbon Removal

Climate change is a large problem requiring large solutions. To address it, X Prize Foundation founder Peter Diamandis and Tesla founder Elon Musk created the largest incentive prize in history – the $100 million XPRIZE Carbon Removal competition for companies working on carbon removal technologies at scale.

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SimplicityDX Launches to Solve Social Commerce

SOFTWARE: Issues with Ads on Social Media a $700B Problem

When clicking ads on social media sites turns into a bad experience for shoppers, it can have a detrimental effect on the entire e-commerce industry.

Aptera Acquires Andromeda

EVs: Deal Boosts Supply Chain

In what amounts to part acquisition, part homecoming, Aptera Motors announced April 20 it had purchased Andromeda Interfaces, Inc. in an all-equity deal. Terms of the agreement were not disclosed.

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Global Student Entrepreneurs Awarded by EO San Diego

NONPROFITS: Winner of Pitch Competition is USD Student from Africa

Lucien Eloundou put the “global” in this year’s Global Student Entrepreneur Awards – a competition for students who own and operate a business while attending college put on by the San Diego chapter of Entrepreneurs Organization (EO).

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Adamis Looks Ahead with New Products

PHARMA: Company Bounces Back from Epinephrine Recall

Late last month (March 31), San Diego-based Adamis Pharmaceuticals and partner US WorldMeds launched of ZIMHI – a 5ml naloxone injectable used in the emergency treatment of opioid overdose.

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Xiaodi Hou Takes the Driver’s Seat at TuSimple

TRANSPORTATION: Autonomous Truck Firm Co-Founder Transitions to CEO

On March 3, when TuSimple co-founder Xiaodi Hou stepped into his new role as CEO, he said the move would allow him to become “the evangelist of the company.”

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Halozyme Buys Antares for $960M

BIOTECH: Deal Boosts Growth, Revenue

In a deal showcasing Halozyme Therapeutics as an ongoing leader in drug delivery, the San Diego-based biotech announced earlier this month (April 13) it had entered into a definitive agreement to acquire New Jersey-based Antares Pharma for $5.60 a share.

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