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Zillow Expands Instant Home Buying Service To LA, San Diego

socalTECH

Online real estate service Zillow is expanding its home buying service to both Los Angeles and San Diego, the company announced this week, in a move which will allow home buyers to get nearly instant offers on their homes--instead of going through a traditional broker and offering their home on the market. READ MORE>>.

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Longboard Pharmaceuticals Raises $80M In IPO

socalTECH

San Diego-based Longboard Pharmaceuticals, which is developing medicines for neurological diseases, raised $80M in its IPO last week, selling 5,000,000 shares of its common stock at a price of $16.00 The company is now trading on the Nasdaq Global Market as LBPH.

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Nuvve Connects Into Grid Balancing Efforts

socalTECH

San Diego-based green energy technology developer Nuvve , which is developing vehicle-to-grid load balancing technology, says it has started participating in California's wholesale energy markets, via an effort with the University of California San Diego.

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Seismic Names VP Inclusion

socalTECH

San Diego-based sales enablement software developer Seismic said this week that it has named Donna DeBerry as its new Vice President, Inclusion. Seismic is one of Southern California's growing list of unicorns, having raised $92M in September of 2020 at a valuation of $1.6 Rowe Price.

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Senators Grill Pharmacy Benefit Execs About Skyrocketing Drug Prices

Xconomy

Executives from five of the companies that negotiate drug prices on behalf of insurers testified Tuesday before the Senate finance committee. These companies, known as pharmacy benefit managers (PBMs), negotiate prices with drug companies, using access as leverage. Their secret negotiations often lead to rebates and discounts that.

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Pelosi, Dems Unveil Price Plan: Are 25 Drugs Enough for Negotiation?

Xconomy

With the 2020 election just over a year away, House Speaker Nancy Pelosi (D-CA) has unveiled the Democratic Party’s answer to public discontent over high prescription drug prices. A preview of the plan was leaked last week. Today’s announcement doesn’t stray far. The new plan would have the U.S.

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Notes from the JPM19 Vortex: Price Apocalypse, Celgene Fallout & More

Xconomy

In 2020 (yes, that’s really a year), San Francisco might have a new mayor. But by the time everyone staggers to the airport or back home to sleep in their own beds, the annual few days of the J.P. Morgan Healthcare Conference and everything that mushrooms around it seem just as long as the holiday break—a distant memory!—that

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