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ACELYRIN Snags Funding For Biotech Effort

socalTECH

Los Angeles-based ACELYRIN , a new startup biopharma company, announced this morning that it has raised a Series A funding. The funding came from Westlake Village BioPartners. Beth Seidenberg, MD, co-founding managing director of Westlake Village BioPartners, has joined ACELYRIN's board as part of the funding.

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Capsida Uncloaks With $140M In Funding

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Thousand Oaks-based Capsida Biotherapeutics, a new biotechnology company focused on using adeno-associated virus (AAV) engineering and cargo development platform to develop tissue-targeted gene therapies for multiple types of diseases, has uncloaked from stealth mode, saying it has raised $140M in total capital.

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Westlake Bio Unveils $320M Fund to Put Los Angeles on the Biotech Map

Xconomy

But a new venture capital firm led by industry veterans is trying to cast the City of Angels in a new light. Westlake Village BioPartners is launching today with $350 million in committed capital. Harper will start with Westlake in January after retiring from Amgen.

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Sienna Biopharmaceuticals Files For IPO

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Westlake Village-based Sienna Biopharmaceuticals , a startup biopharmaceuticals firm developing products for the medical dermatology and aesthetics market, has filed for an IPO. Sienna said it is hoping to raised up to $74.8M Morgan, Cowen, and BMO Capital Markets. The company has applied to list as SNNA.

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Life Sciences IPOs Target Collective Raise of More Than $600M This Week

Xconomy

Two are clinical-stage biotechs: Cambridge, MA-based Black Diamond Therapeutics, which is looking to raise $151 million, and Westlake Village, CA-based Arcutis Biotherapeutics, which aims to add $125 million. Cancer drug developer Black Diamond filed IPO paperwork with regulators on Jan.

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WaveConnex Gets $2.0M

socalTECH

Westlake Village-based WaveConnex , an early stage startup developing wireless technology based on millimeter-wave, 60Ghz signals, has raised $2.0M The company, which is based on technology developed by UCLA professor Frank Chang, includes the notable involvement of billionaire and Abraxis founder Patrick Soon-Shiong.

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Interview with Alex Schneider, Ventura Ventures Technology Center

socalTECH

On Thursday, the City of Ventura is formally launching a new incubator, the Ventura Ventures Technology Center (www.v2tc.com), targeted at high tech businesses. The incubator so far includes startups Lottay , Geodelic , and a number of other Internet and other technology firms. What led the City of Ventura to start an incubator?

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