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SoCalBio members receive $200 discount per person on admission to the BioPharm America 2012. Click here to RSVP |
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Welcome, New SoCalBio Members
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Join SoCalBio
Join SoCalBio leaders to promote the biotech and device industries in Los Angeles, Orange County and neighboring communities for job creation and overall economic growth.
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| Thanks to SoCalBio Media Partners
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April 3rd, 2012
|  Editor: Ahmed Enany
President & CEO
Southern California
Biomedical Council
enany@socalbio.org
www.socalbio.org
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 Honors | |
Acknowledging Winners of the 2012 SoCalBio Scholar Awards from Los Angeles County
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 SoCalBio participated in the Los Angeles County Science Fair held on March 29 to select 5 winners of its 2012 Scholar Awards from Los Angeles. We are pleased to announce the following winners who were selected from participants representing 46 high schools in Los Angeles County: - Andrew Zhang (Palos Verdes Peninsula High School): An Automated Process for Calculating Bone Mineral Density Using 3D Image Processing Algorithms
- Kenneth Lee (Palos Verdes Peninsula High School): The Role of Testosterone in Hepatocyte Apoptosis in High Fat Diet-induced Non-alcoholic Fatty Liver Disease
- Shu Hee Kim (Palos Verdes Peninsula High School): Mathematical Modeling of Cancer Cell Proliferation
- Sean Kelley (Palos Verdes Peninsula High School): Measurement of Glucose in Aqueous Solution Using a Proton Magnetometer
- Justin Choe (Palos Verdes Peninsula High School): Characterizing the Toxicity of Copper Nanoparticles on Environmental Microorganisms
 These strudents, along with winners of the 2012 SoCalBio Scholar Awards from Orange County, the Inland Empire and Ventura & Santa Barbara counties, will compete for the opportunity to represent Southern California during the BioGENEius Challenge organized by the Biotechnology Institute in conjunction with the BIO International Convention in Boston (MA) from June 18 to June 21. Out of the 20 SoCalBio Scholar Award winners, two nominees will be Selected by SoCalBio to compete for the BioGENEius Award. The International BioGENEius Challenge is the premier competition for high school students that recognizes outstanding research in biotechnology. The International BioGENEius Challenge promotes excellence and enables students to continue research in biotechnology and design an original independent research project. This competition is an intensive and valuable research experience for high school students. |
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| Recent Financing | |
Inglewood-Based ImaginAb Concludes
$12.5m Series A Financing
|  "This is an important growth financing event for ImaginAb because it augments financial resources from our rapidly expanding pharma companion diagnostics program and strategic NCI funding, to enable us to accelerate the clinical development of our cancer and immunology imaging programs," said Christian Behrenbruch, Ph.D. (photo right), Chief Executive Officer of ImaginAb. This round of finance was led by Novartis Venture Funds. The list of other backers includes Merieux Developpement, Nextech Invest, Cycad Group and existing seed investor Momentum Biosciences ... Read more
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| Recent Financing | |
Inglewood-Based ImaginAb Concludes
$12.5m Series A Financing
| "This is an important growth financing event for ImaginAb because it augments financial resources from our rapidly expanding pharma companion diagnostics program and strategic NCI funding, to enable us to accelerate the clinical development of our cancer and immunology imaging programs," said Christian Behrenbruch, Ph.D. (photo right), Chief Executive Officer of ImaginAb. This round of finance was led by Novartis Venture Funds. The list of other backers includes Merieux Developpement, Nextech Invest, Cycad Group and existing seed investor Momentum Biosciences ... Read more
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| New Investment | |
NantWorks Invests $30 Million in Strand Diagnostics, an Indianapolis Developer of a Testing Service for Diagnosing Cancer
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 The West Los Angeles business investment and development firm founded by biotech billionaire Dr. Patrick Soon-Shiong (photo right) said on Wednesday that the money will be invested over the next three years. Strand plans to use the money to expand .. Read more.
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| Pink Sheets | |
AVITA MEDICAL INITIATES TRADING ON US OTCQX
|  "Trading on the OTCQX marketplace will provide a direct market for US investors to participate in the growth of Avita Medical," said Dr William Dolphin (photo right), CEO, Avita (Northridge, CA). "We are currently at an exciting phase in the evolution of the company, with ReCell Spray-On Skin on the market and generating revenues in several countries and in Phase 3 clinical studies in the United States" ... Read more
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| Coming in September | |
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| M&As | |
| | The agreed upon price was $9.10 a share- a 9% premium over the closing price on the 26th of March. The deal makes a lot of sense for Bausch & Lomb because it manufactures almost all of Ista's product line. Bausch & Lomb will continue to buy up companies that compete with it in the eye care business .. Read more
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| Collaborations | |
Amgen, Astra to Collaborate on Several Drugs
| Under terms of the deal, Astra will make an upfront payment of $50 million to the world's largest biotechnology company, and the companies will share costs and profits on the drugs for a variety of autoimmune, inflammatory and respiratory diseases ... Read more
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| New SoCalBio Members | |
Diamond Capital Partners (Los Angeles)
 Diamond Capital Partners is an investment bank focused on mergers, acquisitions, and raising capital for technology and life-science companies. The firm is represented in SoCalBio by Mr. Steven Besbeck .. Learn more
Stellar Biotechnologies (Port Hueneme)
 Stellar Biotechnologies is a world leader in the development and manufacture of keyhole limpet hemocyanin (KLH). Stellar serves the rapidly growing demand for this essential molecule in pharmaceutical and diagnostic markets. The company ensures supply of the highest quality, GMP-grade KLH protein and it is developing a suite of novel KLH assays and products for immunological use. Stellar will be represented in SoCalBio by its Executive VP, Mr. Darrell Brookstein (photo right).... Learn more
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| Jobs Available | |
C3 Jian (Inglewood)
Second Sight Medical Products (Sylmar)
Bioness (Santa Clarita)
Alfred Mann Foundation for
Scientific Research (Santa Clarita)
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| About SoCalBio |
 SoCalBio membership links you to partners, contract manufacturers, regulatory and legal experts, and policy makers. The organization's programs help emerging biotech and medical device companies grow. Membership is affordable -- as low as $500 -- and offers access to networking opportunities, advocacy, discounts through our group purchasing program group purchasing program and other benefits you simply can't find elsewhere ... Join SoCalBio |
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