SoCalBio Mast

SoCalBio Weekly Update

Thanks to Lead SoCalBio Sponsor

Past Weekly Updates

Featured SoCalBio Member

Pasadena Bioscience Collaborative

Led by President Bruce Blomstrom (photo above), the Pasadena Bioscience Collaborative (PBC) is a life-science incubator that promotes and supports new company formation by providing low-cost, high quality wet lab space and equipment to early start-ups. The PBC also provides specialized education and traning for the biotech workforce, as well as access to experts in business fields such as intellectual property, law and financial planning. 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

Looking for Pre-Clinical, Clinical, CRO, Quality or Regulatory Services?

 

Recommended Events 

 
  -----------------------------------------------

Register Now

Biotech Demystified
The Science Behind the Business

When: June 8-10, 2009
Where: UC San Diego


Held at UC San Diego, one of the nation's leading research universities, this course is offered through the Rady School of Management in collaboration with the Division of Biological Sciences and Skaggs School of Pharmacy and Pharmaceutical Sciences. This 3-day course provides non-biologists in the biotech and pharmaceutical industries with the training and knowledge needed to thrive in today's complex life science businesses... Learn more
 March 16, 2009
RSVP Now for SoCalBio Events

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
House Ear Institute
(Los Angeles)
Premier research institute focusing on technologies to combat deafness and other hearing problems. Learn more
 
Integrated Clinical Solutions
(Oak Park)
Software for clinical research process automation. Learn more
Forbes' List of Richest Americans 

Despite the Economic Downturn, Three Los Angeles Healthcare Entrepreneurs Maintain Their Status on Frobes' List of Richest Americans

Patrick Soon Shiong of Abraxis bioscience (left), Alfred Mann of MannKind and Advanced Bionics (middle), and physician Gary Michelson (right) are ranked 66, 262 and 321 respectively on Forbes' 2009 List of the 400 Richest Americans. They are among the eight medical moguls on the list who built their fortunes making the drugs and devices. See slide show
Company Profile
Cougar Biotechnology
(Los  Angeles, California)


Cramer of CNBC's Mad Money likes Cougar Biotechnology (Nasdaq: CGRB -- stock price chart above) for its upcoming prostate cancer treatment. Abiraterone is in Phase III trials, and the Food & Drug Administration has given the drug "special protocol assessment" because it treats an unmet need. If the FDA gives Abiraterone the thumbs-up, then Cougar might enjoy patent protection until as late as 2017... Read more
Financing & Buyouts
NeoMatrix Closes a $15 Million Round of Funding

The Irvine-based device maker will use the funding to support further commercialization of the company's proprietary technology for its HALO Breast Pap Test. HALO is a 5-minute, noninvasive test that helps physicians and their patients determine an individual woman's risk of getting breast cancer.... Read more
 
Vesta Inc., a portfolio company of RoundTable Healthcare Partners buys ExtruMed
 
ExtruMed (Placentia, Calif.) is a maker of thermoplastic tubing for diagnostic and therapeutic medical devices and procedures. The deal generates a 3.4x equity return multiple and a 48% IRR for ExtruMed's investors: Inverness Graham Investments and Wedbush Capital Partners ... Read more
Collaboration
ImmunoCellular Therapeutics (Woodland Hills) Signs Agreement with Formatech for Development of Optimal Cancer Stem Cell Vaccine Formulation

"We are pleased to be working with Formatech and to have the opportunity to tap into their expertise in order to optimize ICT-121. We believe that successful development of the ICT-121 formulation should put us in a good position to initiate our clinical trial, for which we expect, subject to FDA clearance, to file an Investigational New Drug (IND) application for a Phase 1 clinical trial in the third quarter of this year," stated Manish Singh, Ph.D., president and chief executive officer of IMUC... Read more
New Products
Beckman Coulter Announces First in Series of Flow Cytometry Product Introductions for 2009

The Fullerton-based IVD manufacturer launches the Gallios Flow Cytometer which is targeted to the research market .. Read more

I-Flow Corporation Receives FDA Clearance for Stabilized Antimicrobial Wound Gel
I-Flow Corporation (NASDAQ:IFLO), through its wholly-owned subsidiary AcryMed Inc., announced today that it received 510(k) clearance on February 26, 2009 from the Food and Drug Administration (FDA) for its stabilized antimicrobial wound gel. The product, as yet unnamed, has been FDA cleared for both over-the-counter and prescription-only marketing and distribution.... Read more
Reorganization
North American Scientific of Chatsworth Files for Chapter 11
"This was a very difficult but necessary decision," said John Rush, President & CEO. "We have been focused on realigning our Company through the disposition of the prostate brachytherapy business as a means to fund the clinical release of our ClearPath breast device. However due to an unforeseen inability to continue to access funds under our credit facility, and the terminated management agreement, we are forced to alter our direction with the goal of achieving the same endpoint. This filing should relieve the immediate pressure from our creditors, and provide us the time to complete the sale of the prostate business while we continue to gain clinical experience with our ClearPath product line" ... Read more
Cut the Cost of Doing Business
 Utilize Business Wire for News Distribution
 
SoCalBio members are eligible for group purchasing discounts and other benefits on news distribution by Business Wire. SoCalBio member benefits include:
  • 10% discount off Business Wire's standard published rates on news distribution services (either domestic, specialty or international circuits)
  • 10% discount off Business Wire's standard published rates on EDGAR products
  • Complimentary annual membership to Business Wire
  • Distribution to national life science trade publications included at no additional charge with any distribution circuit selected
  • Posting of your company's logo included with your company's news releases at no additional charge
  • Free Business Wire NewsTrak Reach, Posting and Access Reports that provide monitoring and reporting of the visibility, access and usage of your news release

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)