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Avalon Ventures: Startups Get Milestone Payments, New Company Launched With GSK

socalTECH

San Diego-based Avalon Ventures , and COI Pharmaceuticals , the company established by Avalon to help form new biotech companies, said today that the first two companies that it has formed with GlaxoSmithKline have met their first milestones, and that it has spun up a new company with GSK as part of their collaboration.

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Avalon Ventures, GlaxoSmithKline Team On Two New Startups

socalTECH

San Diego-based venture capital investor Avalon Ventures and biopharmaceuticals firm GlaxoSmithKline said Monday that the two have teamed up to fund and launch up to 10, early stage life science companies. According to Avalon Ventures and GSK, they will provide up to $495M to fund those ten new companies.

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After Investing, GSK to Buy Out Celiac Drug Developer Sitari Pharma

Xconomy

GlaxoSmithKline is acquiring a startup it helped launch in 2013 as part of an alliance with life sciences venture capital firm Avalon Ventures. Avalon said Tuesday that GSK (NYSE: GSK ) has agreed to buy the company, Sitari Pharmaceuticals, which has been developing a treatment for celiac disease.

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

Xconomy

San Diego’s Avelas Biosciences , founded in 2009 to advance a fluorescing biologic agent intended to help surgeons differentiate cancerous tissue from healthy tissue, has completed a $20 million Series C round of venture funding. and San Diego’s Avalon Ventures. The company also is planning to relocate to new offices, Stengone said.

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Interview with Michael Aleles, Quippi

socalTECH

Southern California in recent years has become a hotbed of financial startups, and for years has been a destination for companies looking also to address companies across the border in Mexico and Latin America. One of the startups here at the intersection of both, is San Diego''s Quippi (www.quippi.com). What is Quippi all about?

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An Homage to Larry Bock, Who Had God’s Hand on His Shoulder

Xconomy

Larry’s diagnosis was cancer with a big C: “I have stage 4 pancreatic cancer and have been on chemo since June with some ups and downs,” he wrote in mid-March. When Xconomy came to San Diego in 2008, he also readily volunteered to help our editorial mission as an Xconomist. ). They had a lot of fun.”. I loved [Bock’s] sense of humor.

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Vision, School, & Work | Interview with Jim Farley CMO Ford Motors

Tech Zulu Event

It’s something of a sci-fi fantasy scenario: Driverless cars that show up at the touch of a button. We as car people are working towards building one-off accommodations that enable apps to work well in our cars while opening up our ecosystems to app developers. You feel conflicted when you start to see ads.