Tue.Jan 24, 2017

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Stubbs Alderton Precellerator Aims At Strategic Investments With Peter Csathy

socalTECH

Stubbs, Alderton & Markiles LLP , the business, technology and digital media law firm which runs a startup incubator and accelerator called the Precellerator , announced on Tuesday that it has started an effort to make strategic investments in a larger group of digital media and technology companies. As part of the effort, the firm said it has added longtime media veteran Peter Csathy to its board, and to lead its investment strategy.

Invest 116
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Hyperloop Transportation Technologies Plans French Research Center

L.A. Business Journal

Hyperloop Transportation Technologies announced plans today to open a research and development center in Toulouse, France.

Research 130
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Hyperloop Transportation Technologies Opening Facility In France

socalTECH

Los Angeles-based Hyperloop Transportation Technologies , one of the two companies in Los Angeles working on advancing Elon Musk's Hyperloop concept for rapid transportation between cities through essentially giant pneumatic tubes, says it is opening up a 3,000-square meter facility in Toulouse, France. The new facility will be at the Francazal Airport, a former military based in Toulouse.

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Silicon Beach Report Jan. 24: Hyperloop Transportation Technologies Plans French Research Center

L.A. Business Journal

Hyperloop Transportation Technologies plans French research center, Warner Bros. Interactive to develop Disney’s “Cars 3” game, and Faraday Future hit with another lawsuit for unpaid bills.

Research 109
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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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Accriva Diagnostics Acquired By Werfen

socalTECH

San Diego-based Accriva Diagnostics , the Sorrento Valley developer of in-vitro blood testing equipment, has been acquired by Spanish company Werfen , via its subsidiary, Instrumentation Laboratory (IL). Financial details of the acquisition were not announced. The deal was announced last week. Accrive Diagnostics was owned by private equity investor Warburg Pincus.

San Diego 109
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Anthem Caps Coverage Of Biogen Spine Drug Despite Wide FDA Approval

Xconomy

One of the nation’s major health insurers has placed limitations on access to the first-ever approved drug for the rare spinal muscular atrophy, validating patient fears that the high price tag of the drug, nusinersen (Spinraza), might make it hard for some with the disease to get treatment. Indianapolis-based Anthem (NYSE: ANTM ) has disclosed its coverage policy for nusinersen, the SMA drug from Biogen (NASDAQ: BIIB ) and Ionis Pharmaceuticals (NASDAQ: IONS ).

Anthem 66

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Report: Biotech VCs Perpetuate Boardroom Gender Gap

Xconomy

If power in the business world is centered in the boardroom, women in biotech have a long way to go to get their fair share—and the venture community deserves much of the blame. That’s according to British recruitment firm Liftstream and its new study of biotech companies that went public in the recent boom years. In the mega-class of 177 biotechs that went public from 2012 through 2015, women held 11 percent of the board seats, according to their 2016 regulatory filings.

Report 64
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Willdan Gets $35M Line Of Credit

socalTECH

Anaheim-based Willdan Group , a publicly traded provider of professional technical and consulting services, reported late Monday that it has received a $35.0M, three year revolving line of credit. The credit agreement was with BMO Harris Bank, N.A. and includes a provision to expand the credit line up to a total of $60.0M on request. Rates on the line of credit were not announced.

Report 109
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New StockTwits CEO Looks to Expand Share of Investor Community

Xconomy

If you do a Google search for AAPL, the stock ticker for Apple, the top search results are typically Yahoo Finance, Twitter, Google Finance—and StockTwits, a social media communications platform for Wall Street traders and active retail investors. After taking over roughly six months ago, StockTwits CEO Ian Rosen made one of his first strategic moves with last week’s acquisition of SparkFin , a San Diego-based fintech app that provides novices with information on investing.

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Faraday Future Sued By Visual Effects Firm Over Unpaid Bills

socalTECH

Los Angeles-based electric vehicle developer Faraday Future is being sued for $1.8 million, by visual effects company The Mill Group, over unpaid bills, according to a lawsuit filed in the Superior Court of the State of California, County of Los Angeles-Central District. The lawsuit claims that Faraday Future contacted The Mill Group about developing a graphic presentation, with virtual reality, augmented reality, and holographic components for its January 2017 launch of farday's FF91, but faile

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SCE Plans New Electric Vehicle Push

socalTECH

Southern California Edison said on Monday that it is expanding its efforts to expand electric vehicle transportation in its service area, and has filed a plan to promote electric vehicles with the California Public Utilities Commission (CPUC). According to SCE, the filing includes more than $570M in programs and infrastructure to help grow transportation electrification, including expansion of SCE's Charge Ready program, which installedd electrical infrastructure for charging stations, and rebat