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San Diego Innovation Economy Extended Gains in 2015: Connect Report

Xconomy

San Diego’s innovation clusters continued to grow in 2015, as local startups, funding deals, and job growth extended an economic growth spurt that began in 2013. That’s according to a report being released today by Connect, the local nonprofit group focused on technology and entrepreneurship.

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Social Fund-raising Website GoFundMe Buys Detroit Rival CrowdRise

Xconomy

Brad Damphousse and Andy Ballester founded GoFundMe in San Diego in 2010. Financial terms were not disclosed in a statement issued Tuesday by GoFundMe. They departed in 2015, after selling a majority stake to an investor group led by Accel and Technology Crossover Ventures that reportedly valued GoFundMe at $600 million.

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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. In 2014, Pernix, then based in The Woodlands, TX, acquired San Diego-based Somaxon Pharmaceuticals. million in net revenue last year, its highest sales mark since becoming a public company in 2010, according to its annual report. million net loss.

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This Week in VC with Farb Nivi, Founder of Grockit

Both Sides of the Table

Discussion: Had a long chat about PicClick , a company founded by Ryan Sit in San Diego. I don’t do advertising on my blog, but I thought it was worth mentioning Ryan in particular because he has an alternate model for doing a startup. They sponsor TWiVC.

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MEI Pharma Partners with Helsinn on Drug with Potential $464M Payoff

Xconomy

After reporting encouraging news last week from a mid-stage trial of its lead anti-cancer drug, San Diego’s MEI Pharma (NASDAQ: MEIP ) said it has signed a drug development deal with the Swiss pharmaceutical group Helsinn that could eventually be worth over $464 million.

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Biotech Roundup: Hellos, Goodbyes, “Cures” Delays And Trial News

Xconomy

Our San Diego editor Bruce Bigelow penned a personal goodbye to entrepreneur Larry Bock, who died last week of pancreatic cancer at the age of 56. —South San Francisco-based Second Genome hired a new CEO and president. He is replacing Peter DiLaura, the company’s CEO since 2010. —Enough good trial news.

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5 things Silicon Valley gets wrong about Southern California

SoCal Delicious

Just this year, Q2 investments in SoCal and New England were virtually the same, with $838 million and $843 million invested respectively, according to PricewaterhouseCoopers MoneyTree Report. The San Diego-based company is one of 53 California companies ranked on the Fortune 500, 22 of which are SoCal companies. Let’s compare.