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Join the SoCalBio Group Purchasing Program to enjoy significant savings on office supplies from
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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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August 12, 2013
|  Editor: Ahmed Enany
President & CEO
Southern California
Biomedical Council
enany@socalbio.org
www.socalbio.org
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Register now
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SoCalBio Workforce Summit
Building the Bioeconomy Talent Pipeline
August 21, 2013, 8 am to 4 pm
Van de Kamp Innovation Center
2930 Fletcher Drive and San Fernando Road,
Los Angeles CA 90065
We are delighted to have the following
Luncheon Keynote Speaker
Cathleen Benko
Vice Chairman & Chief Talent Officer
Deloitte
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Featuring Next Gen. Medtech, Biotech & eHealth Companies
To sponsor or make a business presentation, contact SoCalBio at
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New Funding
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Neuromodulation Company SetPoint Medical Secures $27 Million in Venture Funding
 Los Angeles startup SetPoint Medical has hauled in $27 million in venture funding to support its neuromodulation device to treat inflammatory diseases, attracting heavyweights like GlaxoSmithKline, Covidien and Boston Scientific. Now, with such high-profile backers lending weight to the technology, the company has reached "an inflection point" in its work to find an alternative to immunosuppressive drugs, CEO Anthony Arnold said ... Learn more about SetPoint Medical
BioBeats, a Los Angeles-Based Mobile Health Company, Raises $650,000 in Seed Funding
 BioBeats -- a startup that seeks merging entertainment and healthcare -- raised money from investors including Will Smith, Damon Wayans, Scooter Braun, Justin Boreta, entertainment lawyer Ken Hertz, AAM CEO Mark Beaven, Cantora Records, ENIAC Ventures, Zhen Fund, and angel investors Gotham Chopra and Kevin Colleran. www.biobeats.com
The Forest Lake-Based ReVision Optics Closes a $55 Million Funding Round
 "We are clearly delighted to complete this strategic financing with such highly regarded healthcare venture investors," said John T. Kilcoyne (photo right), Revision Optics' President and Chief Executive Officer. "Participation by all of our existing investors, Canaan, ProQuest, InterWest and Domain, combined with the capital from new investors JJDC and RMI, provides our company with the necessary financial resources to carry us through the FDA PMA process for the Raindrop Near Vision Inlay and to expand our current commercial footprint outside the U.S.," he added ... Read Press Release
The Los Angeles-Based Meditope Biosciences Announces the Completion of a $3.6 Million Series A Round of Funding
 Meditope -- a spinoff of the City of Hope and alumnus of the 2012 SoCalBio Investor Conference -- has raised $3.6M in a Series A financing led by angel investors to advance its proprietary monoclonal antibody (mAb) linker technology platform. "We are grateful to have had the opportunity to be funded by angel investors, who include pioneers in the biotechnology industry and are supportive of our efforts to quickly advance the development of this exciting new technology platform into the clinic," said Stephanie Hsieh (photo right), the company's President & CEO and a leading member of the SoCalBio W3 Group ... Learn more about Meditope Biosciences
Second Sight Medical Products Files
to Raise $10.5 Million
 The Los Angeles-based medical device company is launching the Argus II. It is the first bionic eye that the FDA approved earlier this year. It was 20 years in the making. The device looks like a sunglass but incorporates a digital camera, which in turn communicates with an implant on the eye. It is aimed at patients suffering from late stage retinitis pigmentosa (RP) ... Read more
San Juan Capistrano-Based Startup Caymus Medical Seeks $10 Million
 Caymus -- a company seeking to develop devices for percutaneous intravascular access and guidewire placement -- has raised $3.9 million so far from 19 investors, according to the filing. Investors' names were not listed and the company didn't specify what it plans to do with the funds .. Read Announcement at MassDevice
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New SoCalBio Members
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AVI-SPL (Cypress)
AVI-SPL helps customers of all sizes and industries to develop their video communications strategies by providing services that assess, develop and support solutions. ... Learn more
Gordon L. Schooly, Ph.D., LLC (San Diego)
Provides g lobal regulatory and clinical development strategy and execution. FDA, EMA, Health Canada and Australia Health Authority representation. Biostatistics and clinical data management, electronic regulatory submissions including CDISC and C-Path, analytics support to government health agencies and private health care providers .. Learn more
Citrus College (Glendora)
A community college in the San Gabriel Valley ... Learn more
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Sponsored Events
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October 8 - 9, 2013 in San Francisco, CA
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November 11 - 13 in Beijing, China
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Digital Health
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USC Creates Virtual Sprouts, A Mobile Gardening and Cooking Game, to Teach Kids About Healthy Living
 USC preventive medicine, artificial intelligence, cinematographic arts, game development, and USC STEM education teamed up to find ways to help kids, particularly minority children, about healthy living. The result was the development of an award winning game, Virtual Sprouts. It is a mobile gardening and cooking game which will be given free to minority children of Los Angeles to teach them about the magic of gardening, how to grow fruits and vegetables and how to cook tasty and healthy dishes. Virtual Sprouts is championed by AMI - USC which is partnering with WhenYouWish.com to help Virtual Sprouts launch its first crowdfunding campaign ...Learn more
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Reversing Blindness
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Dr Steven Schwartz at UCLA Reported the First Safe Clinical Use of Stem Cells in Two Legally Blind Patients
 UCLA retinal specialist Dr. Steven Schwartz and his colleagues reported the first safe clinical use of hESC-derived cells in two legally blind patients. Both patients - a woman with dry age-related macular degeneration, the No. 1 cause of blindness in the developed world, and a woman with Stargardt's macular dystrophy, a progressive vision disorder that can lead to blindness by the third or fourth decade of life - received relatively low doses of hESC-derived retinal pigment epithelial (RPE) cells transplanted into the space beneath the retina of one eye each ... Read more
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Inflammation
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Dr Songtao Shi at USC Reported That Stem Cells Found in Gum Tissue Can Fight Inflammatory Disease
 Stem cells found in mouth tissue can not only become other types of cells but can also relieve inflammatory disease, according to a new Ostrow School of Dentistry of USC study in the Journal of Dental Research. The cells featured in the study are gingival mesenchymal stem cells (GMSC), which are found in the gingiva, or gum tissue, within the mouth. GMSC, like other stem cells, have the ability to develop into different types of cells and can affect the immune system. "Gingiva is very unique in our body," said Professor Songtao Shi, the study's senior author. "It has much less inflammatory reaction and heals much faster when compared to skin" ... Read more
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Personalized Medicine
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The Los Angeles-Based Response Genetics, Inc. Announces Contract With MultiPlan, Inc.
 As a participating provider in the PHCS and MultiPlan Networks, MultiPlan's clients will now have access to all of Response Genetics' molecular diagnostic testing. Response Genetics specializes in predictive genomic testing that supplies treating physicians with actionable information helping the physicians determine what drugs will have the greatest response from each of their patients battling lung, colorectal, gastric and melanoma cancers. The personalized nature of Response Genetics' testing allows for each patient to be placed on the most effective drug regimen for his or her cancer treatment .. Read Press Release
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M&As
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ICU Medical in Talks about Selling Itself to the Chicago-Based Private-Equity Firm GTCR LLC
 Bloomberg reports that GTCR reached out to investors to obtain as much as $750 million in financing for a deal, said one of the people, who asked not to be named because the process is private. The San Clemente-Based ICU currently produces vascular access devices and has a market value of more than $1 billion ... Read more
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Patent Litigation
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The Aliso Viejo-Based Ambry Genetics Fires Back at Myriad With Antitrust Suit
 In its suit, The Orange County-based Ambry Genetics alleges that Myriad is violating the Sherman Antitrust Act in its attempt to stop competitors from offering analysis of BRCA1 and BRCA2 genes, clinging to claims already invalidated by the Supreme Court ... Read more
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Marketing
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The Irvine-Based Biomerica Receives Approval to Market Its H. Pylori and PTH Products in Mexico and Appoints New Distributor in Mexico
 "We are excited about these regulatory approvals and the addition of our new Mexico distributor," said Zackary Irani, CEO, Biomerica. "With a potential market of over 3,500 clinical labs, these approvals will allow our new distributor to sell and market our product throughout the country" .. Read press release
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Become a SoCalBio Member and Save Money by Utlizing the SoCalBio Group Purchasing Program
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| Jobs Available | |
Phenomenex (Torrance)
ResearchDx (Irvine)
Avita Medical (Northridge)
Aubrey Group (Irvine)
Second Sight Medical Products (Sylmar)
Alfred Mann Foundation for Scientific
Research (Santa Clarita)
WaveTec Vision (Aliso Viejo)
Response Genetics (Los Angeles)
Tribogenics (Marina del Rey)
Click to access more info
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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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