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Teledyne Invests In Optical Alchemy

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Thousand Oaks-based Teledyne Technologies announced today that it has acquired a minority interest in Optical Alchemy , a Nashua, New Hampshire-based designer and manufacturer of ultra-light electro optical gimbal systems. Financial terms of the investment were not disclosed. READ MORE>>.

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Akriveia Therapeutics Raises $7.5M

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Thousand Oaks-based Akriveia Therapeutics , a biotechnology startup focused on immuno-oncology, announced this morning that it has raised $7.5M in a Series A investment. The investment came from F-Prime Capital Partners. As part of the funding, F-Prime's Thomas Beck and Ben Auspitz have joined the company's board.

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Amgen Names New Member To Board

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Thousand Oaks-based Amgen said late Friday that it has named Ellen J. Kullman to its board of directors, expanding the company's board to a total of 14 directors. Kullman is the former President, Chair, and CEO of E.I. du Pont de Nemours and Company (Dupont). READ MORE>>.

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Amgen Co-Founder Bowes Passes Away

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the founding shareholder and chairman and treasurer of Thousand Oaks-based Amgen , has died, at the age of 90. USVP has backed such companies as Sun Microsystems, New Focus, Check Point Software Technologies, and hundreds of others. Bowes founded USVP after spending nearly 25 years at investment banking firm Blyth & Co.,

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Teledyne Increases Stake in Robot Maker Ocean Aero

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Thousand Oaks-based Teledyne Technologies has increased its stake in San Diego-based Ocean Aero , a developer of unmanned, robotic underwater and surface vehicles used for the scientific, defense, and oil and gas market, the company said late Friday. Teledyne made its initial investment in Ocean Aero in July of 2014.

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Amgen Gets Exit At Adheron Therapeutics

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Thousand Oaks-based Amgen has seen an exit out of its startup investment portfolio, and activities of its Amgen Ventures venture capital arm, at Berkeley-based Adheron Therapeutics this morning. Adheron said that it has been acquired by Roche , in a deal worth $105M upfront and up to $475M in additional milestone payments.

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Teledyne Buys Stake In Optech

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Thousand Oaks-based Teledyne Technologies said this morning that it has acquired a minority stake in Optech , a developer of three dimensional, lidar-based imaging systems. Teledyne said the investment was made through its subsidiary, Teledyne DALSA. Financial details of the acquisition were not disclosed.