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Somaxon Pharmaceuticals Acquired For $25M

socalTECH

According to the two companies, Pernix will acquire Somaxon in a stock-for-stock transaction worth a total of $25M in total equity. Somaxon had 12 months net sales of approximately $11.7M The company has been looking for a buyer since December of 2011, when it drastically cut its staff and said it had hired an investment banker.

San Diego 147
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Peregrine Semiconductor Updates IPO Filing

socalTECH

San Diego-based Peregrine Semiconductor , the developer of CMOS RF integrated circuits, updated its S-1 filings Friday, saying that it had a net loss of $1.0M for the three months ended March 26, 2011. That compares with net income of $1.0M on revenues of $21.2M on revenues of $22.9M for the similar quarter in 2010.

.Net 153
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ServiceNow Files For IPO

socalTECH

ServiceNow is venture backed by JMI Equity and Sequoia Capital. The firm reported a net loss of $6.6M on revenues of $73.375M for the year ended December 31, 2011. READ MORE>>.

San Diego 113
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LabCorp Boosts Prenatal Testing Presence with $371M Sequenom Deal

Xconomy

per share, for a total equity value of $302 million. LabCorp will also assume net debt of San Diego-based Sequenom (NASDAQ: SQNM ), bringing the value of the cash deal to approximately $371 million. million net loss, the company laid off 13 percent of its workforce as part of a series of cost-cutting measures.