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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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Ondax Names New CEO

socalTECH

Monrovia-based Ondax , a manufacturer of holographic filters and semiconductor lasers for the industrial, defense, scientific and medical markets, announced this week that it has named Randy Heyler as its President and CEO. ONDAX is backed by Arcturus Capital, Prospector Equity Capital, and others.

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Bio Roundup: Alnylam’s Billions, COVID-19 Vaccines, Moma Debuts & More

Xconomy

The public markets are moving erratically, but Alnylam Pharmaceuticals showed this week that selling equity isn’t the only way for biotech companies to raise cash. Late last year Alnylam (NASDAQ: ALNY ) began exploring potential royalty deals for inclisiran, a drug that uses RNA interference to lower cholesterol.

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