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Plug and Play San Diego Finds Home in New Downtown Works Space

Xconomy

Plug and Play San Diego has formed a partnership with Downtown Works, a new co-working space in downtown San Diego, which will give the local Plug and Play program a place to call home. We would like to launch an accelerator based here, and bring in additional resources from the Bay Area.”. billion under management.

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Inhibrx, Fresh Off $40M Funding to Advance Cancer Drugs, Eyes IPO

Xconomy

Two weeks after raising $40 million to push ahead with its drug development programs, Inhibrx submitted paperwork to the SEC revealing that it aims to raise money in the public market, too. The La Jolla, CA-based company, which is developing protein drugs targeting cancer and other diseases, was founded in 2010.

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With $18M, Reflexion Health Expands Physical Therapy Technology

Xconomy

Reflexion Health, a San Diego startup founded in 2012 at the nonprofit West Health Institute, is moving to commercialize Vera, its physical rehabilitation system based on Microsoft Kinect’s motion tracking technology. healthcare systems, CEO Joe Smith said late Monday. healthcare systems, CEO Joe Smith said late Monday.

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With Biogen at a Crossroads, CEO Scangos to Step Down

Xconomy

After a year in which Biogen’s share price has fallen by more than a third and one of its top drug prospects failed, Scangos, who has led the company since 2010, has announced plans to step down. Scangos, the former head of Exelixis (NASDAQ: EXEL ), was named Biogen’s CEO in 2010 during a rocky time.

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This Week in VC with Farb Nivi, Founder of Grockit

Both Sides of the Table

Discussion: Had a long chat about PicClick , a company founded by Ryan Sit in San Diego. I don’t do advertising on my blog, but I thought it was worth mentioning Ryan in particular because he has an alternate model for doing a startup. They sponsor TWiVC.

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Cybersecurity Firm Proficio Raises $12M in Private Equity Round

Xconomy

Proficio, a Carlsbad, CA-based startup providing cybersecurity protection services for middle market companies, has raised $12 million in an investment round led by Kayne Anderson Capital Advisors. The Los Angeles-based private equity firm provided funding from its Kayne Partners Fund Group, which invests in high-growth technology businesses.

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MEI Pharma Partners with Helsinn on Drug with Potential $464M Payoff

Xconomy

The deal for pracinostat represents a comeback of sorts for MEI Pharma and a redemption for CEO Daniel Gold, who joined MEI when the company moved to San Diego from Australia in 2010.

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