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Xencor Receives $120M From Genentech

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Monrovia-based biopharmaceuticals technology developer Xencor has received $120M in an upfront payment from Genentech this morning--and up to another $180M in development milestones--as part of a new deal to commercialize an immune activating cytokine based on Xencor's technology.

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Xencor Launches $110M Public Offering

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Monrovia-based biotechnology developer Xencor has launched a public offering of its common stock, with the aim of raising approximately $110M in funding, the company said on Wednesday. The publicly traded biotechnology developer--which trades on the NASDAQ as XNCR--said it has priced the offering at $24.000 per share.

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Ondax Raises $2M More

socalTECH

Monrovia-based Ondax , a developer of optical filters and laser sources based on research out of the California Institute of Technology, has raised $2M in a Series E investment. According to the Pasadena Angels, one of the investors in the firm, the round also included the Tech Coast Angels and un-named venture capital firms.

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DFJ Mercury Promotes Venture Partner In San Diego

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The firm--which invests in seed and early stage venture capital--said that it has promoted Russ Lebovitz, Ph.D., The firm said Lebovitz will focus on investments in developing and originating science-based investment themes and startup opportunities.

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Eleven of Southern California's Firms In The Alternative Vehicle Market

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It's unclear if or how any of Southern California's crop of alternative vehicle firms will be able to capitalize on the interest in electric vehicles, however, it's clear that Silicon Valley does not have a monopoly on firms looking to address the emerging electric and alternative car market.

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Soliant Adds GE As Investor In $21M Round

socalTECH

Monrovia, California-based Soliant Energy has scored $21M in a venture capital round, including a $2.5M investment from GE Energy Financial Services, GE said Tuesday. Soliant Energy is developing rooftop concentrators for the solar power market. READ MORE>>

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