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GrubMarket raises $60M as food delivery stays center stage

TechCrunch LA

GrubMarket , which provides a B2C platform for consumers to order produce and other food and home items for delivery, and a B2B service where it supplies grocery stores, meal-kit companies and other food tech startups with products that they resell, is today announcing that it has raised $60 million in a Series D round of funding.

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Pernix Therapeutics Slashes Staff to Shake Up Sales Strategy

Xconomy

Morristown, NJ-based Pernix (NASDAQ: PTX ) will cut 60 workers , mostly from its neurology sales staff, the company said today. In 2014, Pernix, then based in The Woodlands, TX, acquired San Diego-based Somaxon Pharmaceuticals. That deal added Somaxon’s insomnia drug doxepin (Silenor) to the Pernix product mix.

Sales 40
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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. Pernix said the buy will help expand its product portfolio. Somaxon had 12 months net sales of approximately $11.7M Somaxon had 12 months net sales of approximately $11.7M

San Diego 147
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Ambit Deal With Astellas Pharma Worth As Much As $350M

socalTECH

San Diego-based Ambit Biosciences inked a deal Friday with Astellas Pharma Inc., According to Ambit and Astellas, the deal also includes post-approval milestones dependent on sales thresholds, as well as tiered, double-digit royalties on net sales of products based on Ambit's AC220 products.

San Diego 140
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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. Accordin to Schiele, it will pay $150M to acquire Victory Pharma, which is focused on acquiring, developing, and marketing products to treat pain.

San Diego 100
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Eight Repeat Entrepreneurs To Watch In SoCal

socalTECH

Demand Media / Richard Rosenblatt / Los Angeles - Rosenblatt's last big win: MySpace, where he was Chairman, brokering its sale to News Corp. Confident Technologies / Curtis Staker / San Diego - Staker is the former President of Websense, and has pulled together an experienced team with a depth of experience from the firm.

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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.