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EvoNexus Gets Bank, Investment Firm Backing for Fintech Incubator

Xconomy

Financial firms are facing competition from legacy players and disruptive fintech startups as technology continues to reshape the heavily regulated industry. Two financial firms are betting on a nonprofit incubator program in San Diego in hopes of identifying top talent and potential targets for investment or acquisition.

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CARLSMED Merges With Precisive Surgical

socalTECH

San Diego-based medical technology startup CARLSMED has merged with Seattle-based Precisive Surgical , the two said this week, to combine their efforts to develop a personalized surgical workflow platform for spine deformity intervention. Financial terms of the acquisition were not announced. READ MORE>>.

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COI Pharmaceuticals Gets $576M Exit

socalTECH

San Diego-based COI Pharmaceuticals , the life sciences incubator and support entity created by Avalon Ventures to support its portfolio companies, says that one of its companies, Calporta Therapeutics , has been acquired by Merck. The deal is worth up to $576M, including upfront payments and contingent milestone payments.

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On-Ramp Wireless Names Kevin Hell As President, CEO

socalTECH

San Diego-based wireless communications module developer On-Ramp Wireless announced Wednesday that Kevin Hell, the former CEO of DivX, has joined the company as President and CEO. Hell sits on the boards of Hold-Free Networks, Perminova, Inc, MicroPower Technologies and Pixon Imaging, Inc.

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Southern California needs to find its hub for it to develop its own tech ecosystem

TechCrunch LA

Recognizing the tens of billions of dollars that the Southern Californian region leaves on the table, because it hasn’t taken its rightful place in the American technology industry, a new group called the Alliance for Southern California Innovation has just released a report to analyze how SoCal can work to assume its pole position.

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Spine-Surgery Medtech Startup Carlsmed Merges With Imaging Company

Xconomy

Carlsmed, a San Diego-based medical technology company that’s developing personalized spinal implants, has merged with Precisive Surgical, a spine imaging system startup in Seattle.

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Absences, Surprises in Amazon’s Final List of 20 Cities for HQ2

Xconomy

San Diego and San Francisco. There were a few notable absences from the list, released early today. Detroit, MI, which had high expectations as a competitor, was left out, as was Madison, WI, and most of California. Read more » Reprints | Share: UNDERWRITERS AND PARTNERS.