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Report: Chumby Has Shut Down

socalTECH

San Diego-based Chumby , which had developed Internet-connected, alarm-clock like devices and similar technology, has shut down, according to a report Friday. The Verge, which first reported the news, said that Chumby's employees are now working for Technicolor, and the firm is looking to sell off its technology.

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Avelas Bio Raises $20M to Push Cancer-Illuminating Biologic Agent

Xconomy

and San Diego’s Avalon Ventures. Avelas plans to use the new funding to advance development of AVB-620, the company’s lead diagnostic agent, for use in breast cancer surgeries, CEO Carmine Stengone told me yesterday. Avalon partner Jay Lichter plans to continue serving as Avelas’ chairman, Stengone said.

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Ortiva Wireless Boosts Sales Efforts With New Hire

socalTECH

La Jolla-based Ortiva Wireless , which develops technology to stream video to mobile devices, reports today that it has hired on a new, Senior Vice President of Worldwide Sales, James D. Ortiva is backed by Comcast, Artiman Ventures, Mission Ventures, and Avalon Ventures. READ MORE>>.

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Bio Roundup: CAR-T & Migraine Races, Intra-Cellular, Rockefeller & More

Xconomy

Who will break free of the pack of companies developing drugs meant to prevent migraines? —Amgen (NASDAQ: AMGN ), of Thousand Oaks, CA, and partner Novartis released positive results from the first Phase 3 trial of erenumab , one of a group of drugs being developed to prevent migraines , not just lessen their impact when they happen.

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