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Pernix Therapeutics Slashes Staff to Shake Up Sales Strategy

Xconomy

As of the end of 2015, Pernix reported a headcount of 274. million in net revenue last year, its highest sales mark since becoming a public company in 2010, according to its annual report. But filings also show the company’s net losses widening each year since 2012. Last year, Pernix reported a $148.3

Sales 40
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LabCorp Boosts Prenatal Testing Presence with $371M Sequenom Deal

Xconomy

LabCorp will also assume net debt of San Diego-based Sequenom (NASDAQ: SQNM ), bringing the value of the cash deal to approximately $371 million. LabCorp reported $8.5 billion in revenue in 2015, most of which came from testing done at physician’s offices and other healthcare facilities. LabCorp reported $8.5 million.

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Xconomy Special Report: 12 San Diego Tech Startup to Watch in 2017

Xconomy

I widened my net this year. Four of the companies here were founded in 2014, another three were started in 2015, and two—CureMatch and Lymber—debuted earlier this year. I am grateful to Mike Krenn, the venture group’s president, for his help on this project.

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Bio Roundup: Clinical Shirkers, AMD Worriers, ASH Fallers & More

Xconomy

. —The Mayo Clinic of Rochester, MN, reported that a misdiagnosis of a heart problem called long QT syndrome led to an unnecessary implant for a young boy. The Mayo Clinic cardiologist behind the report published a study earlier this year about long QT misdiagnosis leading to improper defibrillator implants. MONEY IN, MONEY OUT.