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NextWave Complete PacketVideo Sale

socalTECH

San Diego-based NextWave Wireless said Friday that it has completed the sale of its 65 percent equity interest in PacketVideo. The firm said the sale, to NTT DOCOMO , was worth $111.6M. NextWave Wireless said it will result in net cash proceeds of $106.5M from the sale. The firm said it will use $94.0M

Sales 140
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Somaxon Pharmaceuticals Acquired For $25M

socalTECH

San Diego-based Somaxon , a developer of treatments for insomnia, has been acquired by Pernix Therapeutics Holdings , in a deal worth $25M. Somaxon had 12 months net sales of approximately $11.7M Somaxon had 12 months net sales of approximately $11.7M as of September 30th. as of September 30th.

San Diego 147
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Pernix Therapeutics Slashes Staff to Shake Up Sales Strategy

Xconomy

Pernix Therapeutics is slashing its headcount by more than 20 percent as the specialty pharmaceutical company tries to move toward profitability after a streak of acquisitions. Morristown, NJ-based Pernix (NASDAQ: PTX ) will cut 60 workers , mostly from its neurology sales staff, the company said today. million net loss.

Sales 40
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ResMed Acquires Brightree For $800M

socalTECH

San Diego-based medical device provider ResMed has acquired healthcare software developer Brightree , in a deal worth $800M, according to the companies. ResMed said it will pay $800M in cash for ResMed, which had net sales of approximately $113M in 2015.

San Diego 100
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GrubMarket raises $60M as food delivery stays center stage

TechCrunch LA

“The only success criteria of my startup career is whether GrubMarket can eventually make $100 billion of annual sales,” he said to me over both email and in a phone conversation. It has made some 15 acquisitions in the last two years, including Boston Organics and EJ Food Distributor this year.

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Victory Pharma Acquired By Sciele Pharma

socalTECH

San Diego-based specialty pharmaceuticals firm Victory Pharma has been acquired by Atlanta-based Sciele Pharma, Sciele said this week. Victory Pharma has 182 employees, and had net sales of $57M in 2008, Sciele said. Tags: victory pharma sciele merger acquisition lifescience.

San Diego 100
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Xconomy Q&A: Vuforia, Pokémon Go, and Augmented Reality

Xconomy

It’s been less than a year since Needham, MA-based PTC (NASDAQ: PTC ) shelled out $65 million to acquire Vuforia, the augmented reality technology created by San Diego-based Qualcomm (NASDAQ: QCOM ). Vuforia’s headquarters has remained in San Diego, and Vuforia continues to operate four offices in Europe and Israel, Wright said.