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Kintara Seeking $15.0M In PIPE

socalTECH

San Diego-based biotech Kintara says it is raising $15.0M in a common stock and warrant offering from unmaned "healthcare-focused institutional investors". The company--which is novel cancer therapies for patients who are failing, or are resistant to, current treatment regimens--currently trades on the Nasdaq as KTRA.

San Diego 113
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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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Vista Equity Sells Majority Of Websense To Raytheon

socalTECH

Vista Equity Partners the private equity firm which as been gobbling up San Diego high tech companies and moving them to Texas--has agreed to sell 80 percent of Websense to defense company Raytheon , the three said today. The deal--which has been rumored since March --will combined Raytheon Cyber Products with Websense.

Equity 100
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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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Entropic Communications Sees Jump In Revenues In Q2

socalTECH

San Diego-based Entropic Communications , a publicly held developer of semiconductors used in home entertainment and consumer electronics products, reported today that it had an increase of 56 percent in its second quarter net revenues, compared with last year. The firm said it earned $3.1M READ MORE>>.

.Net 140
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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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Advanced Telemetry Gets Win At Green House Showcase

socalTECH

San Diego-based Advanced Telemetry , a developer of smart energy management systems for the residential and light commercial market, reported Tuesday that it has been selected for the ZENERGY House, a demonstration net-zero-energy remodeling project in Studio City. Financial impact of the win was not disclosed.