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Turtle Beach Sees Record Retail Sales

socalTECH

San Diego-based gaming headset maker Turtle Beach Products says it is seeing "record" retail sales in April, as a result of an industry-wide increase in gaming accessories. According to the company, its retail sales in April were more than double the brand's prior all-time high from April 2018. READ MORE>>.

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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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Inseego Adds Board Member

socalTECH

San Diego-based wireless device and IoT products maker Inseego announced late Thursday that it has added an additional board member. The company had previously attempted to split its wireless device and IoT business, but had its plans quashed by inability to receive government approval for the sale to an overseas investor.

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Inseego Gets $48M In Refinancing Funding

socalTECH

San Diego-based Inseego Corp. , The company said the loan has a maturity rate of August 23, 2020, and has a rate per annum equal to LIBOR, but in no event less than 1.00%, plus 7.625%. in a term loan, from High Bridge Capital Management. Inseego said it exchanged $14.9M in existing, Convertible Notes into $11.9M

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Bio Roundup: So Long Celgene, RNAi’s Arrival, Pharma in 2020 & More

Xconomy

And all it took was the largest asset sale ever required by federal antitrust regulators. Bristol-Myers Squibb this week completed its acquisition of Celgene, a $74 billion deal that creates a pharmaceutical juggernaut.

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California Accelerators Enroll Startups Targeting Cannabis Industry

Xconomy

On Monday, nine startups began a 16-week program at Canopy San Diego , a new accelerator program for seed-stage companies developing new technologies, products, and services to support the legal cannabis industry. By 2020, the cannabis industry is projected to hit $21.8 billion , according to ArcView Market Research.

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Bio Roundup: Trump Health, Cholesterol Wars, 23andMe OK & More

Xconomy

Two came to market in 2015, chalking up relatively meager sales for their owners. In the debate over high drug prices, arguably no class of drug has been punished more by insurers than the new cholesterol fighters called PCSK9 inhibitors. We’ll find out this weekend if one of them can change insurers’ minds with better data.

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