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Gossamer Bio Adds $276M in Second Biotech “Unicorn” IPO of 2019

Xconomy

Gossamer Bio, the San Diego-based biotech founded by former Receptos executives, has raised $276 million in its initial public offering, a total that puts it in a rare class among biotechs that have gone public in recent years. The amount raised surpassed expectations. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.

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SPECIAL REPORT: 2019 Biopharma Outlook – Facing an Uncertain Future

Xconomy

biopharmaceutical industry is dealing with unprecedented threats on several fronts: public backlash against high drug prices, slowing sales, and the possibility of more government regulation. After years of boom times, the U.S. In this Report, you’ll learn: The key indicators that suggest a possible downturn is on the way.

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Ligand to Spend $438M to Add Protein Maker Pfenex to Technology Lineup

Xconomy

The larger company agreed to pay $12 per share for Pfenex (NYSE American: PFNX )—a 57 percent premium to its closing price Monday. San Diego-based Ligand (NASDAQ: LGND ) generates revenue from licensing deals and royalties paid by pharmaceutical companies that use technologies it develops or acquires for their own drug research.

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Qualcomm Buys Remainder Of RF360 Holdings

socalTECH

San Diego-based Qualcomm says it has acquired the remaining interest in RF Holdings Singapore Pte., billion in August of 2019, but that the total purchase price for the rest of RF360 Holdings will be approximately $3.1 the 5G joint venture it has with TDK Corporation. billion.

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Trump Budget Touts Lower Drug Prices, But No Medicare Negotiation

Xconomy

He vowed during last month’s State of the Union speech that drug prices “will come down.” ” Today, his administration’s fiscal 2019 budget proposal laid out what it calls a “comprehensive” strategy to lower drug prices.

Pricing 84
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Bio Roundup: 2019 Trials, Pilgrim Price Chat, Pre-Xmas Sales & More

Xconomy

It’s beginning to look a lot like, well, the last roundup of the year, with plenty of news to pack in before our holiday breather.

Pricing 73
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SPECIAL REPORT: 2019 Blockchain Outlook — Reality Check

Xconomy

After a breakout year in 2017, the blockchain sector suffered a series of blows in 2018, from crashing cryptocurrency prices to increased regulatory scrutiny of crypto ventures and deepening skepticism about whether the technology was actually useful.

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