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San Diego's Seismic Snags $100M, Joins Unicorns

socalTECH

San Diego-based Seismic , a developer of sales and marketing software, has raised $100M more in a funding round, which values the company at $1 billion, the company said on Tuesday. Rowe Price, plus General Atlantic, JMI Equity, and Jackson Square Ventures. The funding round came from Lightspeed Venture Partners, T.

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Deposit Defender Launches To Help Renters Save Their Security Deposits

socalTECH

San Diego-based Deposit Defender says it has launched a new app, which helps renters photo-document rental property inspections, in order to prevent future loss of their security deposits. Pricing on the app was not announced.

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Trump Pledges Lower Drug Prices, But Blueprint Is Short on Details

Xconomy

The administration’s “American Patients First” plan, released via a speech and an accompanying 38-page “blueprint” document , laid out some relatively modest actions aimed at spurring generic competition, making it easier for Medicare (the government-funded health program for seniors) to manage high drug costs and negotiate discounts, making drug prices (..)

Pricing 62
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Agbio Startup Cibus Files for an IPO to Support Gene-Editing R&D

Xconomy

The San Diego-based biotech set a preliminary $100 million target for its IPO in documents filed with securities regulators Friday. That figure will change as the company determines how many shares it will sell and at what price. Cibus has applied for a listing on the Nasdaq exchange under the stock symbol “CBUS.”

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Mitek Stock Price Rises After ASG Beefs Up Acquisition Offer

Xconomy

The stock price of Mitek (NASDAQ:MITK) rose nearly 9 percent on the news, closing at $9.75. The company’s bread and butter has been licensing software for remote document capture, such as bank checks, but it is also developing a new business in digital identification verification. That’s according to a Nov.

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Silvergate Bank Files for IPO to Grow Cryptocurrency Services

Xconomy

On Tuesday it set a $50 million price target, according to documents filed with securities regulators. Silvergate Bank has transformed itself in recent years from a typical business bank to one of the financial institutions of choice for digital currency companies.

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Bio Roundup: Trump’s Budget, Biogen’s AD Reveal, Hugin’s Run & More

Xconomy

There was talk of tackling high drug prices in the budget document, but nothing to give Medicare direct negotiating power with drug companies or allow importation of cheaper drugs from other countries—ideas Trump has embraced on occasion.

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