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Amgen Acquires Otezla for $13.4 Billion

socalTECH

Thousand Oaks-based Amgen announced this morning that it is acquiring Otezla , the anti-inflammatory drug used to treat psoriasis and psoriatic arthritis, which is currently owned by Celgene Corporation , in a deal worth $13.4 billion net of anticipated future cash tax benefits. billion in cash. Otezla had $1.6

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Amgen Buys Onyx Pharmaceuticals For $10.4 Billion

socalTECH

Thousand Oaks-based biotech giant Amgen announced Sunday that it has acquired San Francisco biopharmaceuticals company Onyx Pharmaceuticals , in a deal worth $10.4 billion net of the estimated cash on hand at Onyx. billion net of the estimated cash on hand at Onyx. The deal is worth $9.7 The deal is worth $9.7

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Nexsan Updates S-1

socalTECH

In a sign that Thousand Oaks-based Nexsan might be ramping up its IPO efforts again, after a delay last year, the firm filed an updated S-1 this week. The provider of data storage equipment reported that it had net income of $0.5M in net income of $19.28M in revenues for the three months ended September 30, 2010.

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Ceres Files For IPO

socalTECH

Thousand Oaks-based Ceres , the developer of seeds aimed at producing renewable, biomass feedstocks for the biofuels industry, has filed for an IPO. According to a filing this morning by the firm, the company is aiming to raise up to $100M in an IPO on the NASDAQ Global Market as CERE. The firm said it had a net loss of $22.5M

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Will Facebook's IPO Unbottle Southern California's Pipeline?

socalTECH

The firm reported net income of $1 billion on revenues of $3.7 BofA Merrill Lynch, Barclays Capital, and Allen & Company. Facebook filed for its IPO Wednesday afternoon, saying that it is looking to raise up to $5 billion, in what is expected to be the biggest IPO since Google. Morgan, Goldman Sachs & Co., READ MORE>>.

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Inphi Files For IPO

socalTECH

Inphi--which lists its headquarters as Sunnyvale, but has most of its operations in Westlake Village and Thousand Oaks--is looking to list on the NYSE and IPHI. The IPO is being underwritten by Morgan Stanley, Deutsche Bank Securities, Jeffries & Company, Thomas Weisel Partners, and Needham & Company.

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Bio Roundup: Mylan’s Shock, Hillary’s 3%, Duchenne Lessons & More

Xconomy

The company shares rights to its lead drug enzalutamide (Xtandi) with Astellas Pharma and its second drug, talazoparib, a type of cancer treatment called a PARP inhibitor, awaits crucial Phase 3 data next year. The company gave no reason for the rejection. Whether Medivation will be worth the price remains to be seen.

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