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SoCalBio Weekly Update

Thanks to Lead SoCalBio Sponsor

Featured SoCalBio Member

 MiCardia(Irvine)

Lead by CEO Paul Molloy (photo above), MiCardia Corporation is an early-stage venture-funded firm designing, developing and commercializing minimally invasive methods to treat heart valve disease - mitral valve regurgitation, tricuspid valve regurgitation and congestive heart failure... Learn more

Join SoCalBio

 
Join well-known entrepreneur Alfred Mann and other SoCalBio leaders to promote the biotech and device industries in the Greater Los Angeles Metro Area for job creation and overall economic growth.
Become a Member

Utilize SoCalBio Resources

 

Looking for professional service providers to help you take your venture to the next level?
Use SoCalBio-affiliated companies:
Past Weekly Updates
 March 4, 2009
RSVP Now

March 26, 4:00 pm - 7:00 pm

"Working Through the Downturn: Tips for the Bioscience Industry as Obama's Stimulus Package Takes Effect" More info ..... RSVP Now

June 16, 10:00 am - 4:00 pm

  • Workshop on SBIR, STTR and Other Types of Government Funding Opportunities for Life Science Companies (KGI, Claremont)

Attend this SoCalBio Workshop to sharpen your grant-writing skills and learn how to tap various government funding opportunities from the NIH and DoD ...More info ....RSVP Now

Upcoming Executive Luncheons and Roundtable Discussions

For Regenerative Medicine Firms
Date: March 19, 11 to 2
Location: Santa Monica
For Cardiovascular Companies
Date: April 20, 11 to 2
Location: Tustin
Wet Lab Space
Available for Lease
New State-of-the-Art Wet Lab and Lab Support Space at the House Ear Institute in Los Angeles
Several thousand square feet of laboratory and laboratory support space are available for short to medium-term lease at competitive prices. This is ideal for startups and early-stage companies. Learn more
Welcome to New SoCalBio Members 
 
Cellfluidics (Culver City) focuses on developing  cell-based in vitro diagnostics (IVD) technology. Cancer experts are starting to understand how certain signaling pathways or "cell circuits" fail when cancer develops, resulting in tumor formation. By analyzing important signaling pathways, Cellfluidics technology will enable oncologists to make much better decisions about what therapeutic option to choose for an individual patient's disease.
 
Lab Support, A Division of On Assignment 
(Calabasas and Costa Mesa)
 
Lab Support is a scientific staffing company. It serves numerous industries including biotechnology, medical device, pharmaceuticals, food and beverage, environmental, chemicals, consumer care, clinical laboratories, hospitals, universities, and municipalities. For more info, contact Baher Rizkalla baher.rizkalla@onassignment.com
Company Headlines
Bioness (Valencia) and OPGA/POINT Announce Vendor Agreement
 

The agreement is intended to increase the availability of the NESS L300 among all OPGA O&P members and to improve the care for persons with foot drop, suffering from neurological disorders including stroke, multiple sclerosis, incomplete spinal cord injury, traumatic brain injury and cerebral palsy.http://www.businesswire.com/news/socalbio/20090302005799/en

Biosense Webster (Diamond Bar) Receives FDA Nod on Magnetically Steered Irrigated Tip Cardiac Catheter for Treatment of Irregular Heart Rhythms

 
The U.S. Food and Drug Administration has approved for marketing the NAVISTAR® RMT THERMOCOOL® Catheter, which is designed to maintain safe tip-to-tissue temperatures and gives physicians the safety and convenience of steering the catheter remotely, away from fluoroscopy exposure, during procedures to eliminate abnormal heart rhythms, namely atrial flutter and recurrent drug/device refractory sustained monomorphic ventricular tachycardia (VT) due to prior myocardial infarction (MI) in adults.
http://www.businesswire.com/news/socalbio/20090227005345/en
HairDX (Irvine) Introduce Genetic Hair Loss Test To Japan
 
The company signs agreement that makes Aderans the sole Japanese distributor of HairDX's revolutionary genetic tests, and further expands Aderans' leadership in the hair care and medical fields. Aderans and its group of companies span over 17 countries worldwide, and in 2001 Aderans purchased Bosley, Inc., one of the world's largest brands in hair transplant, to further solidify its global position as a leading company in the hair care industry
http://www.businesswire.com/news/socalbio/20090226005659/en
 
Oxygen Biotherapeutics, Inc. (Costa Mesa) and Virginia Commonwealth University to Create the Purple Heart Injury Laboratories in Cooperative Research Effort to Treat Battlefield Injuries
 
The joint venture intends to establish an entity to be known as the Purple Heart Injury Laboratories (PHIL) in Richmond, VA, as jointly managed and operated research laboratories focusing on healing battlefield injuries with new therapies and concepts. This facility will be a core segment of Virginia Commonwealth University Reanimation Engineering Shock Center (VCURES). The initial $15 million funding for the joint venture will be sought through an appropriation request in the 2009/2010 federal defense budget.
http://www.businesswire.com/news/socalbio/20090227005131/en
 
Response Genetics (Los Angeles) Announces $2 Million Private Placement
 
Company entered into a purchase agreement with certain affiliated funds of Special Situations Funds to raise $2 million from the private placement of 2,000,000 newly issued shares of its common stock, at a purchase price of $1.00 per share. The closing of the sale of the shares is expected to occur on Monday, March 2, 2009. http://www.businesswire.com/news/socalbio/20090227005820/en

Valeant (Aliso Viejo) turns to acquisitions as it cuts DIY development

 
Valeant Pharmaceuticals prefers to forgo the risk of R&D and grow instead through acquisitions

Xencor (Monrovia) and Pfizer Enter into Antibody Technology Licensing Agreement

Under the terms of the agreement, Pfizer will have access to Xencor's antibody optimization technology during a non-exclusive research period for evaluation of the technology in several of its discovery projects.
Cut the Cost of Doing Business
 Utilize Wells Fargo Insurance services to Cut the Cost of Employee Benefits

SoCalBio membership provides access to Wells Fargo Insurance Services for employee benefits and health insurance. These services are offered through the SoCalBio Group Purchasing Program designed for small and mid-size firms. MannKind and Abraxis Bioscience are among the local companies using Wells Fargo for employee benefits services through the SoCalBio Group Purchasing Program. Why don't you?
 
To get more info, contact Dennis Rainey at dennis_rainey@wellsfargois.com or call (310) 543-9995.

For more information about the SoCalBio Group Purchasing Program, call 213-236-4890 or send e-mail to scbc@socalbio.org
About SoCalBio
SoCalBio membership links you to partners, contract manufacturers, regulatory and legal experts, and policy makers. The organization's programs help emerging biotech and medical device companies grow. Membership is affordable -- as low as $500 -- and offers access to networking opportunities, advocacy, discounts through our group purchasing program group purchasing program and other benefits you simply can't find elsewhere ... Join SoCalBio
Editor: Ahmed A. Enany
Southern California Biomedical Council (SoCalBio)