Sat.Jan 21, 2017 - Fri.Jan 27, 2017

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Evite Moves Headquarters To Downtown LA

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Los Angeles-based online invitations service Evite says it has moved its headquarters to downtown Los Angeles, doubling the size of its corporate office. The company, which previously had its headquarters in West Hollywood, said the move goes to accomodate rapid growth at the company. Evite is part of Liberty Interactive. Evite is led by Victor Cho.

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Silicon Beach Report Jan. 25: Ring Raises $109 Million, Eyes IPO

L.A. Business Journal

Ring raises $109 million and eyes initial public offering, Elon Musk endorses former ExxonMobil Chief Tillerson for Sec. of State, and 3-D car part printer Divergent raises $23 million

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Just Four Months After Series A, Delinia Sells to Celgene For $300M

Xconomy

Celgene (NASDAQ: CELG ) will pay $300 million up front to buy Cambridge, MA-based Delinia.

You name the price; I’ll name the terms.

Berkonomics

I admit that my dad taught me this when I was just a fifteen–year old kid starting a business and negotiating with suppliers for the first time. 

Interview with Anna Barber, Techstars LA

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Techstars (www.techstars.org) has a long history and record of success as a startup accelerator, with programs across the country and world--and recently opened up its third, Los Angeles program, Techstars LA. Techstars recently appointed Anna Barber as its Managing Director, so we thought we'd sit down and get to know Anna better. That's exciting.

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Cedars-Sinai Accelerator Names New Startup Class

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The Cedars-Sinai Accelerator Powered by Techstars has announced the next class of startups to join the healthcare accelerator, saying this morning that it has added eight startups to what will be the second class for the program. READ MORE>>. cedars sinai startup accelerator healthcare techstars incubator

Silicon Beach Report Jan. 24: Hyperloop Transportation Technologies Plans French Research Center

L.A. Business Journal

Hyperloop Transportation Technologies plans French research center, Warner Bros. Interactive to develop Disney’s “Cars 3” game, and Faraday Future hit with another lawsuit for unpaid bills

New StockTwits CEO Looks to Expand Share of Investor Community

Xconomy

If you do a Google search for AAPL, the stock ticker for Apple, the top search results are typically Yahoo Finance, Twitter, Google Finance—and StockTwits, a social media communications platform for Wall Street traders and active retail investors. Rosen (pictured above). Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

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Virtualitics Raises $3M For AR/VR/AI Startup

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Pasadena-based Virtualitics , a new startup which provides data visualization in virtual reality (VR) and augmented reality (AR) environments, and says it uses machine learning and artificial intelligence, has raised $3M in a seed funding round. The funding came from un-named angel investors. READ MORE>>.

Jounce Gets $102M As Biotech IPOs Gain Steam in ’17

Xconomy

Jounce Therapeutics has gone ahead of its projections and raised roughly $102 million in an IPO, continuing an early, yet successful trend for biotechs trying to go public in 2017. The Cambridge, MA, company sold close to 6,365,000 shares at $16 apiece, almost 1 million more shares than it proposed to sell a few weeks ago.

Anthem Caps Coverage Of Biogen Spine Drug Despite Wide FDA Approval

Xconomy

Anthem said the drug is only “medically necessary” for patients with Type 1 SMA. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

Western Digital Names New CTO

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Irvine-based Western Digital announced this morning that it has named Martin Fink as its new Chief Technology Officer. Fink was most recently CTO and director of HP Labs at Hewlett Packard Enterprise. He had spent 30 years at HP and HPE. Campbell had only been CTO since November of 2015. READ MORE>>.

Stubbs Alderton Precellerator Aims At Strategic Investments With Peter Csathy

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Stubbs, Alderton & Markiles LLP , the business, technology and digital media law firm which runs a startup incubator and accelerator called the Precellerator , announced on Tuesday that it has started an effort to make strategic investments in a larger group of digital media and technology companies. READ MORE>>.

Bio Roundup: Trump News, Anthem’s Stand, Diversity by 2056 & More

Xconomy

It was a wild week in biotech and on Capitol Hill. A new study showed it may take another 40 years to achieve gender diversity in life sciences. Tensions continued to mount between drugmakers and payers over the rising costs of rare disease drugs. And a group of biotechs led by Jounce Therapeutics were the first to test the IPO market in 2017.

Silicon Beach Report Jan. 26: Jeffrey Katzenberg Raises Nearly $600M for New Fund

L.A. Business Journal

Jeffrey Katzenberg raises nearly $600 million for new fund, Cedars-Sinai names new accelerator class, and Hulu to debut virtual reality show

AnaptysBio Adds More Shares, Raises $75M in Stock Market Debut

Xconomy

AnaptysBio is the first U.S. Anaptys also sold 1 million more shares that it had initially planned. Stockholders who had invested in the.

Ex-FDA Commish Califf Gives Props to Patient Groups—With Caveats

Xconomy

” Califf’s brief appearance at a precision medicine conference near San Francisco comes as regulation across industries is in the bullseye of the new Trump administration. President Trump, at a gathering in Washington, told U.S. business leaders today that the federal government could cut regulation “by 75.

VRMedia Takes Aim At Virtual Reality Software, Hardware

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Los Angeles- and Austin-based VRMedia Technology said on yesterday that it has launched, as a joint venture between MC Capital Advisors/Media Content Capital, and virtual reality and computer graphics filmmaker Greg Passmore , and his company, PassmoreVR. Photo: Greg Passmore. READ MORE>>.

Hyperloop Transportation Technologies Opening Facility In France

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Los Angeles-based Hyperloop Transportation Technologies , one of the two companies in Los Angeles working on advancing Elon Musk's Hyperloop concept for rapid transportation between cities through essentially giant pneumatic tubes, says it is opening up a 3,000-square meter facility in Toulouse, France. READ MORE>>.

Angeles Equity Partners Finds $360M For First Private Equity Fund

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Los Angeles-based Angeles Equity Partners , a new private equity investor, said this morning that it has raised $360M in its first private equity fund. The fund, Angeles Equity Partners I, L.P., The new fund was founded by Timothy Meyer and Jordan Katz. READ MORE>>. erppower investment private partners equity angeles

Inspired by NFL Teammate, Aethlon Seeks Diagnostic for Brain Injuries

Xconomy

The disease, known as chronic traumatic encephalopathy (CTE), typically begins with memory loss, difficulty concentrating, and mood swings.

Snap Inc. IPO Could Come in March

L.A. Business Journal

Snap Inc. intends to publicly file for an IPO next week, according to Recode, putting it on track for a March offering

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Silicon Beach Report Jan. 23: SpaceX Won’t Try to Land Its Next Rocket

L.A. Business Journal

SpaceX won’t try to land its next rocket, Snapchat implements rules to combat fake news and explicit content, and Southern California Edison seeks $570 million for electric vehicle programs

Amgen Gets European Recommendation For Approval For ABP 501

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Thousand Oaks-based biotech Amgen announced this morning that the Committee for Medicinal Products for Human Use (CHMP) of the European Medicines Agency (EMA), has given its ADBP 501 (Biosilmilar Adalimumab) compouned a positive opinion for treatment of certain inflammatory diseases in adults. READ MORE>>.

STARZ Rolls Out Amazon Fire TV App

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Beverly Hills-based entertainment company STARZ , which is part of Lionsgate, said on Thursday afternoon that it has launched a new app on Amazon Fire TV. STARZ said its STARZ App gives users access to all of its original series, plus movies and first run films, on Amazon Fire TV and Fire TV Stick. READ MORE>>.

AnaptysBio Up Slightly In IPO

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San Diego-based AnaptysBio , which develops antibodies for treating inflammation, has raised $75.0M in its IPO, and closed up slightly in its first day of trading on Thursday. Anaptys priced its IPO on Wednesday night at $15.00 per share, at the midpoint of its $14.00 to $16.00 estimated IPO range, and closed the day at $17.00 per share.

Report: Keysight Technologies Planning Offer On Ixia

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Calabasas-based network testing equipment and software developer Ixia is nearing a deal to be acquired by competitor Keysight Technologies , according to Reuters this week, citing "people familiar with the matter." Terms of the potential bid were not announced, and the report says that Keysight Technologies is not the only bidder on Ixia.

Kopari Beauty Gets Private Equity Investment

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San Diego-based e-commerce beauty brand Kopari Beauty said this week that it has received a private equity investment from LCatterton, along with celebrities Karlie Kloss, Shay Mitchell, Hilary Duff, Mila Kunis, and Ashton Kutcher. Size of the funding was not announced. Kopari is led by Bryce Goldman. READ MORE>>.

Core Innovation Capital Announces $100M In Second Venture Capital Fund

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Los Angeles-based fintech investor Core Innovation Capital announced this morning that it has closed its second fund, which is at $100M so far. Size of that investment was not disclosed. Core Innovation Capital says it has also invested in a couple of yet-unannounced companies, which are in stealth mode. READ MORE>>.

Western Digital Quarterly Revenues Rise To $4.9 Billion

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Irvine-based storage products maker Western Digital announced its second fiscal quarter results on Wednesday afternoon, saying that it saw revenues of $4.9 billion for the quarter, up from $3.3 billion a year ago. The company said it had operating income of $545M and net income of $235M, including charges associated with recent acquisitions.

TrueCar Names New Sales VP

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Santa Monica-based TrueCar announced on Wednesday that it has promoted David Green to Senior Vice President of Major Accounts, within the company's Dealer Sales and Service Team. Green has been at TrueCar since 2015. Green previously served at Sonic Automotive and Showcase Honda in Phoenix. READ MORE>>. sales dealership buying executive truecar

Soothe Expands On Demand Massages To London

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Los Angeles-based, on-demand massage service Soothe announced this morning that it has expanded its services to London, UK, offering up access to certified massage therapists in as little as an hour via its app. The company says its services are now available in 51 cities, across the United States, Canada, and now the UK. READ MORE>>.

Cynvenio Inks Distribution Deal In Mexico

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Westlake Village-based Cynvenio Biosystems , which develops diagnostic blood tests for cancer diagnostics, said it has signed a deal to distribute its tets in Mexico with Milenia Labs. The company said the deal covers distribution of its ClearID Breast Cancer testing product in Mexico. Milenia Labs has a network of 12 diagnostic centers in Mexico.

Ad-Juster Acquired By Chinese Investor Innotech Capitals

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San Diego-based Ad-Juster , a developer of automated reconciliation and reporting software for the digital ad market, was recently acquired by Chinese investor Innotech Capitals. Financial details of the acquisition were not announced. Ad-Juster was founded in 2007, and was led by Mike Lewis. The acquisition was announced last week. READ MORE>>.