Anthem Caps Coverage Of Biogen Spine Drug Despite Wide FDA Approval

Xconomy

Indianapolis-based Anthem (NYSE: ANTM ) has disclosed its coverage policy for nusinersen, the SMA drug from Biogen (NASDAQ: BIIB ) and Ionis Pharmaceuticals (NASDAQ: IONS ). Anthem said the drug is only “medically necessary” for patients with Type 1 SMA.

Bio Roundup: Trump News, Anthem’s Stand, Diversity by 2056 & More

Xconomy

It was a wild week in biotech and on Capitol Hill. A new study showed it may take another 40 years to achieve gender diversity in life sciences. Tensions continued to mount between drugmakers and payers over the rising costs of rare disease drugs. A flurry of deals took place, headlined by Johnson & Johnson’s $30 billion gamble on Swiss firm Actelion. And a group of biotechs led by Jounce Therapeutics were the first to test the IPO market in 2017.

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Anthem, DFJ Frontier Back Janrain

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Anthem Ventures , represented by Samit Varma , and DFJ Frontier, represented by David Cremin , are two of the investors in Portland-based JanRain , whose software is used to allow websites to use existing online accounts such as Facebook, Google, Twitter, and Yahoo to sign up for other web services or even corporate applications. Other investors, aside form Anthem and DFJ Frontier, were RPM Ventures, Tim Draper, and Square 1 Bank.

Anthem Ventures Gets Second Exit In A Week

socalTECH

Santa Monica-based Anthem Venture Partners has scored two exits in the last week, as Los Angeles-based Demand Media hit a homerun with its IPO Wednesday, and San Diego-based Plixi was acquired by Lockerz Thursday. Brian Mesic, a partner at Anthem, said Thursday afternoon that Plixi is the latest in a "string of good exits" over the past 12 months, which also included Siperian (acquired by Informatica), Wavestream (acquired by Gilat), and Demand Media (IPO).

DFJ Frontier, Anthem Boost Janrain

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According to Janrain, it has raised $33M in funding from Millennium Technology Value Partners, Split Rock Partners, Epic Ventures, and salesforce.com, as well as existing investors Emergence Capital, RPM Ventures, DFJ Frontier and Anthem Venture Partners. Both DFJ Frontier and Anthem were early backers of Janrain. janrain venture capital user management software saas frontier anthem

3 Things You (Probably) Don’t Know about Indiana Innovation

Xconomy

Indiana is home to the global headquarters for Anthem, Cook Medical, Dow AgroSciences, and Eli Lilly and Company, as well as the North American headquarters for Roche Diagnostics. People who live outside of Indiana probably know a few things about it: The Indianapolis 500, a.k.a.

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Anthem Ventures Boosts Layer's Mobile App Tools

socalTECH

in funding, including capital from Santa Monica-based venture investor Anthem Ventures. apps mobile programming software ventures anthem layer Layer , a developer of application programming interfaces for building in messaging, voice, and video into mobile apps, disclosed this week that it raised $1.5M The San Francisco startup''s other investors also include MkII Ventures, SV Angel, Data Collective, Pacific Partners, Promus Ventures, Bloomberg Beta, and CrunchFund. READ MORE>>.

“Our Son’s Fate”: Parents Fighting for Kids’ Spine Drug Eye New Data

Xconomy

Melissa Marotta pulled no punches to get her three-year-old son C.J., who has the genetic disease spinal muscular atrophy, access to nusinersen (Spinraza), the first approved drug for his condition. For months, she couldn’t schedule a treatment date at Columbia University Medical Center/New York-Presbyterian Morgan Stanley Children’s Hospital, and for much of that time, she didn’t know why. She wrote every day to the hospital board until a breakthrough came.

Anthem Ventures Gets Exit At Siperian

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Santa Monica-based Anthem Ventures , the venture capital firm run by Bill Woodward, has scored an exit with portfolio firm Siperian , as Informatica said last week that it would buy the maker of data integration software for $130M in cash. Anthem Ventures was the original investor in Siperian, which was also one of Anthem's first investments, out of its Anthem Venture Partners I fund. Samit Varma at Anthem represented the firm as on Siperian's board of directors.

DFJ Frontier, Anthem Venture Into Portland Firm

socalTECH

Two Los Angeles-based venture firms, DFJ Frontier and Anthem Venture Partners , have invested in a Portland software firm developing online identification and single-sign in software. Anthem Ventures and RPM Ventures also participated, with Cremin, Anthem's Samit Varma, and RPM's Tony Grover all joining the company's board along with the funding. Tags: software janrain portland capital venture ventures anthem frontier

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Families Fret As Insurers Mull Biogen’s $750K Spine Disease Drug

Xconomy

This past Christmas weekend, Ana Memedovich had her best two days in more than a decade. Her 23-year-old son Mikhail has spinal muscular atrophy, or SMA, a rare genetic disease that has slowly robbed him of the ability to walk and function independently. On Dec. 23, the FDA approved nusinersen (Spinraza), the first-ever drug for the disease. More than a decade after his diagnosis, Mikhail only has the strength to take a few steps on his own. With the approval, Memedovich finally had hope.

Anthem Ventures North, Funds Avatar Firm

socalTECH

Santa Monica-based venture capital firm Anthem Ventures is the lead investor in an avatar-focused, social networking site called Meez. Meez, which is based in San Francisco, said today that it has raised a financing round from Anthem. Anthem's Brian Mesic has been added to the firm's board as part of the funding. Tags: ventures avatar social anthem venture capital networking

Anthem Ventures Backs Madefire For Comic Publishing Apps

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Santa Monica-based Anthem Ventures is one of the investors in MadeFire , a developer of storytelling applications, MadeFire announced Wendesday. The funding round was led by True Ventures, and also included Anthem Venture Partners, Crosslink Ventures, and Correlation Ventures. Anthem''s Bill Woodward, Sina Tammadon (Apple), Richard Seet, and Gary Stiffelman also participated as individual angels.

Last Exit Wall Street: 7 Considerations When Raising Venture Capital

From the Venture Trenches

Institutional Investors, whether they be accelerators like Amplify , venture shops like Anthem Venture Partners , or even a super angel investor like Ron Conway’s Silicon Valley Angel bring tremendous value beyond the money they put into a company.

What Startups Can Learn From The Pizza Business: Samit Varma

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Varma is actually a former technology investor at Santa Monica-based venture capital firm Anthem Ventures, and we thought it would be great contrasting his experience starting and running a restaurant franchise with the technology startup world.

Ankona Capital Joins New Pack Of LA Venture Investors

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Bauch and Mesic--who were previously at Anthem Venture Partners--apparently are aiming at early growth capital investment in software companies. ankona capital angeles venture investment fund early stage seed anthem anthemvpjon bauch brian mesicA new, venture capital firm, founded by Jon Bauch and Brian Mesic, has emerged in Los Angeles, called Ankona Capital.

Embarke Raises $1.25M For Email MarketingTools

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The company''s backers include Anthem Ventures, La Costa Investment Group, Right Side Capital Group, Promus Ventures, Social Leverage, plus angels, including Howard Lindzon, Eric Otterson, and others. San Diego-based Embarke has raised $1.25M in a funding round, which the company''s founder said came from a number of venture capitalists and angel investors.

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StackIQ Raises $6M

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The new funding came from Grayhawk Capital, Keshif Ventures, DLA Piper, and OurCrowd, as well as Anthem Venture Partners and Avalon Ventures. San Diego-based StackIQ , which develops IT automation tools for the enterprise, has raised $6M in a Series B funding round, according to the company. The company said the new funding will go toward scaling sales and marketing. StackIQ develops IT automation software for deploying big data and cloud applications on Hadoop.

A Teachable Moment on Race

Both Sides of the Table

He said, “I know he wants to protest but it seems wrong to kneel during the national anthem. By kneeling during the national anthem he is bringing attention to this important topic — even if it makes others uncomfortable.

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TrueCar Files For IPO

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TrueCar--which is led by Scott Painter--is backed by USAA, Capricorn Investment Group, Upfront Ventures, Anthem Ventures, Vulcan Capital Growth Equity, and Peppy Capital Partners. Santa Monica-based TrueCar has filed for an IPO, saying Friday that it is looking to raise up to $125M on the NASDAQ Global Select Market as TRUE. The IPO is being underwritten by Goldman, Sachs & Co. and J.P. Morgan.

Email Copilot Acquired By Return Path

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Email Copilot was formerly known as Embarke, and had been venture backed by Anthem Ventures, La Costa Investment Group, Promus Ventures, Right Side Capital Group, Social Leverage, along with angels Howard Lindzon, Eric Otterson, and Steve Macbeth. San Diego-based Email Copilot , which develops visualization, monitoring, reporting, and analysis of email deliverability data, has been acquired by Return Path , a New York-based developer of email data software.

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CARD.com Raises $3M For Prepaid Debit Cards

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The Series A funding was led by QED Investors, and also included Resolute Ventures, Anthem Ventures, and angels such as Adam Press and Greg Steiner (BeachMint, eHarmony). Los Angeles continues to be a hotbed for new, finance-related startups this morning, as Santa Monica-based CARD.com announced it has raised $3M in a Series A funding. According to CARD.com, it is offering up prepaid debit cards aimed at providing a mobile alternative to traditional banking.

Scopely Dangles Chance At Trip For Zynga Recruits

socalTECH

Scopely, which is venture backed by Anthem Venture Partners, The Chernin Group, Greycroft Venture Partners and New Enterprise Associates (NEA), develops mobile games. Ever wanted to see one of the seven wonders of the world? Scopely is dangling a chance to win a free trip to one of the seven wonders of the world, to anyone who helps recruit Zynga developers to the company.

Tinder Hooks Up With Spotify For Profile Music

socalTECH

According to Tinder, the new "Anthem" feature lets you include tracks on their profile, and swipe to see who shares your taste in music, and if you have your Spotify account connected, can show you the artists you have in common with other people. Looking for another way to connect with that special someone on Tinder ? The Los Angeles dating app developer has launched a new feature , which lets Tinder users include tracks from Spotify on their profiles.

Surf Air Expands To Santa Barbara

socalTECH

Venture backed Surf Air has received funding from Velos Partners, Base Ventures, Anthem Venture Partners, NEA, Structure Capital, actor Jared Leto, TriplePoint Capital, Siemer Ventures, Baroda Ventures, Gilad and Eytan Elbaz, Rick Caruso, Jeffrey Stibel and Jonathan Schreiber.

Viewdle Being Acquired By Google, Says Report

socalTECH

Viewdle , a developer of computer vision technology which is venture backed by Anthem Ventures and Qualcomm, among others, is in the midst of an acquisition by Google , according to reports today. Viewdle, which was originally backed by Santa Monica based venture firm Anthem Venture Partners, was originally founded in Kiev, and now has operations sprinkled around the globe. reality augmented vision computer anthem google acquisition merger viewdle

Los Angeles Startup Community

SoCal CTO

I was just talking with someone who's new to Los Angeles and wanting to connect into the Los Angeles Startup Community. I told them that I had recently seen several posts/articles talking about how vibrant the community has become. As is usual, I couldn't remember where I had seen those posts. So, I promised I would create this post to help point them in the right direction. I will do my best to keep this up to date.

StyleMint Opens Early Access

socalTECH

BeachMint is backed by Scale Venture Partners, Lightbank, New Enterprise Associates, Trinity Ventures, and Anthem Ventures.

Cocodot Gets $4.25M More

socalTECH

The firm has previously received funding from Anthem Ventures, Mailroom Fund, and Rincon Venture Partners. Representatives from both Anthem and Rincon continue to serve on the firm's board of directors. Los Angeles-based Cocodot , the online invitations service run by former MySpace exec Shawn Gold, has raised $4.25M out of an ongoing $6.0M funding round, according to a regulatory filing from the firm. Source of the new funding was not disclosed.

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SolarFlare Raises $5.0M

socalTECH

The firm has previously raised funding from Oak Investment Partners, Anthem Venture Partners, Acacia Capital Partners, Intel Capital, and Miramar Venture Partners. Irvine-based SolarFlare , the developer of 10 Gigabit Ethernet (10GbE) semiconductors and adapters, has raised $5.0M in a combination of debt and warrants, according to a regulatory filing by the firm Wednesday. Details on the new funding have not been announced by the company.

Surf Air Takes Flight, Starts All-You-Can-Fly Shuttles To Silicon Valley

socalTECH

Surf Air is venture backed by Velos Partners, Base Ventures, Anthem Venture Partners, NEA, actor Jared Leto, Mike Walsh, TriplePoint Capital, Siemer Ventures, Baroda Ventures, Gilad and Eytan Elbaz, Rick Caruso, and Jeffrey Stibel.

Solarflare In Talks With Marvell, Say Sources

socalTECH

Solarflare, which is headed by Russell Stern, is venture backed by Acacia Venture Partners, Accel Partners, Amadeus Capital Partners, Anthem Ventures, Foundation Capital, IDG Ventures, Intel Capital, Miramar Venture Partners, Oak Investment Partners, Sequoia Capital and Windward Ventures.

Scopely Snags Another Zynga Exec

socalTECH

Scopely is venture backed by Anthem Venture Partners, The Chernin Group, Greycroft Venture Partners and New Enterprise Associates (NEA). Los Angeles-based mobile gaming firm Scopely said Thursday that it has snagged Reed Shaffner, the former General Manager at Zynga, as part of its product team. Scopely said Reed will head up the company''s product team. Scopely, which is headed by Walter Driver, has recently turned its attention to signing up third party developers.