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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. Those are patients diagnosed with the disease within six months of birth who.

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Quid Connects With $320M For Private Liquidity Fund

socalTECH

Quid's service is an alternative to secondary market sales. Berman was previously the founder of Beachmint and Samit Varma was previously at Anthem Ventures, and also had a foray into the pizza business. READ MORE>>.

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Embarke Raises $1.25M For Email MarketingTools

socalTECH

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. embarke venture capital funding seed email marketing optimization' The company is led by Al Bsharah. READ MORE>>.

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StackIQ Raises $6M

socalTECH

The new funding came from Grayhawk Capital, Keshif Ventures, DLA Piper, and OurCrowd, as well as Anthem Venture Partners and Avalon Ventures. 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.

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DTS Claims Broad Adoption Of New Technology

socalTECH

Calabasas-based audio encoding and decoding technology developer DTS says that it now has manufacturers representing 90 percent of the home AV receiver and surround processor market adopting its new, DTS:X codec technology.

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TrueCar Files For IPO

socalTECH

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. 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.

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TrueCar Prices IPO

socalTECH

TrueCar is trading on the NASDAQ Global Select Market as TRUE. TrueCar is venture backed by backed by USAA, Capricorn Investment Group, Upfront Ventures, Anthem Ventures, Vulcan Capital Growth Equity, Peppy Capital Partners, Arcturus Venture Capital, along with others. The company raised around $71.1M in the IPO offering.

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