Tue.Feb 26, 2019

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Phyn Ties With Insurer For Smart Water Assistant

socalTECH

Los Angeles-based Phyn , which develops "smart home" technology to both monitor water usage and also help prevent major water damage, has inked a deal with an insurance company to offer up its technology to consumers. According to Phyn, it has linked with property and casualty insurer PURE Insurance , to offer up its Phyn Plus product as a discount to the insurance company's members.

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Pharma CEOs to Senate: We Will Lower Drug Prices if Rebates Go Away

Xconomy

Seven top pharmaceutical executives gathered today in Washington, DC, for a Senate hearing on drug prices, bringing face-to-face two groups held in the lowest esteem possible by the American public. Top executives from seven companies—AbbVie, AstraZeneca, Bristol-Myers Squibb, Merck, Johnson & Johnson, Pfizer, and Sanofi, which represent a combined $1.1 trillion in market value—stuck to the industry’s party line: Government needs to rein in insurance companies and their mi

Pricing 87
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RealtyMogul Sells Loan Underwriting Software Technology

socalTECH

Los Angeles-based real estate crowdfunding site RealtyMogul says it has sold some technology it has developed at its research and development lab, to another company. According to RealtyMogul, it has sold the proprietary loan underwriting software it developed in its labs to Hunt Real Estate Capital , in an all-cash transaction. Financial terms of the sale were not announced.

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Is Your Wireless Infrastructure Provider Delivering?

Southern California Edison Blog

The world of telecommunications is expanding quickly as the cloud, 5G, the IoT, and other new technologies gain traction. The new dynamic is exciting, potentially lucrative, and extremely tricky. Where will capacity be needed? How should networks be configured and equipped to support the services businesses and consumers are demanding? These questions – and many more – must be answered on a continual and near real-time basis.

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

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Report: Faraday Future Puts Off Restarting Furloughed Employees

socalTECH

A report, published on Tuesday, says that troubled electric car maker Faraday Future has put off restarting its operations and having furloughed employees return to work, although it's unclear what the holdup might be for the company. The report, from the Verge, cited internal emails obtained saying that employees would not be able to return to work on March 1st, as planned.

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Super League Gaming Sees IPO, But Drops In Debut

socalTECH

Santa Monica-based Super League Gaming had its IPO on Tuesday, debuting at $11.00 in its initial trading, but falling more than 22 percent during the day to close down at $8.50 per share. The company now trades on the Nasdaq as SLGG. Super League Gaming's IPO was underwritten by Northland Capital Markets, Lake Street, and National Securities Corporation.

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Amgen Prevails In Cholesterol Drug Battle With Sanofi

socalTECH

Thousand Oaks-based Amgen has scored a win in court, after a jury upheld two patents held by the company for its drug Repatha, which is used to treat ultra-high LDL cholesterol. Amgen had been sued by Sanofi and Regeneron Pharmaceuticals over patent infringement. Sanofi and Regeneron make their own, cholesterol-lowering drug, called Praluent. Amgen, Sanofi, and Regeneron have been battling each other over their respective cholesterol drugs since 2014.

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PASHpost Aims At Focused Social Networking

socalTECH

A new, Los Angeles-based startup, PASHpost , said today that it has lauched a new service called PASHGroups , a social destination which aggregates posts from such sites as Craigslist, Google+, Reddit, and YouTube, and sorts content from those sites into a single, interest-focused community. According to the company, it is targeting users of Google+, which is being shut down shortly.

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Guthy-Renker In Partnership With Westmore Beauty

socalTECH

Los Angeles-based marketing and direct-response television company Guthy-Renker --best known for its infomercials, but which also is now an Internet marketing powerhouse--said it has partnered with Westmore Beauty , a makeup company focused on Hollywood celebrities. According to the two, they have created a new, joint venture called Westmore Beauty Ultra LLC , which will make Westmore's makeup available via retail, e-retail, e-commerce, and television channels.

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Amazon's Alexa Deployed Across Patient Rooms At Cedars-Sinai

socalTECH

In what looks like the first, large scale deployment of voice-driven, personal assistants across a healthcare setting, Los Angeles-based healthcare provider Cedars-Sinai said on Monday that it has deployed Amazon's Alexa voice assistant across more than 100 patient rooms at the hospital. According to Cedars-Sinai, the pilot program lets patients both drive healthcare requests--such as requesting help to go to the restroom--as well as control in-room entertainment, such as turning a TV on or off,