socalTECH
OCTOBER 19, 2015
Los Angeles-based NantWorks said this morning that it has acquired a majority stake in Precision Biologics with a $50M investment in the company. Precision Biologics is a biopharmaceutical company which is developing tumor-specific monoclonal antibodies (mAbs) and companion diagnostics to treat solid-tumor cancers. NantWorks said the acquisition will help bolster its cancer treatment efforts.
Startup Professionals Musings
OCTOBER 19, 2015
Most technologists have little interest in the mechanics of starting and building a business. That’s why I recommend that they find a co-founder who loves business challenges, including marketing and finance. I usually envision a 50-50 ownership split for their efforts, but every engineer believes the technology side deserves the majority share. In fact, an entrepreneur friend of mine, who made millions on her marketing expertise, asserted recently that most inventors fail in business because th
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socalTECH
OCTOBER 19, 2015
The U.S. Department of Transportation has announced a move to require all, recreational drone users to register their drones with the government, after a rash of near close-calls and rampant drone proliferation with hobbyists. According to the USDOT, it has created a task force which will develop recommendations, to be put forth on November 20th, to increase accountability of users for their drone operations.
socalTECH
OCTOBER 19, 2015
Aliso Viejo-based semiconductor developer Microsemi > has made a $2.4 billion bid for PMC-Sierra , saying it is proposing to acquire the fellow semiconductor developer for $11.50 per share--$400 million more than a deal brokered between PMC-Sierra and Skyworks Solutions earlier this month. Microsemi said its proposed acquisition would produce a company with $1.75 billion of combined revenues, and would complement its optical and switching portfolios.
Advertiser: Aggregage
Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.
socalTECH
OCTOBER 19, 2015
In the second, on-demand, car-wash startup to launch in Los Angeles in the last few months, Los Angeles-based Envi says it has launched a new, on-demand startup to help users get their cars washed, using a mobile app. The startup--currently in public beta in Los Angeles--says its services start at $30.00 for the exterior of a car, and offers up environmentally friendly, socially responsible on-demand car detailing.
socalTECH
OCTOBER 19, 2015
San Diego-based Sorrento Therapeutics said today that it has named Dr. Jeffrey Su as its new Executive Vice President and Chief Operating Officer. Su was previously Chief Scientific and Development Officer at Cytovance Biologics, and also served at Sanofi Pasteur, Femta Biopharmaceutical, Cancervax Corp., The Dow Chemical Company, Tanox, and Human Genome Science.
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