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Join the SoCalBio Group Purchasing Program to enjoy significant savings on medical and industrial gas from
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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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August 19, 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
Learn about the state of the bioscience industry in the Greater Los Angeles region. Join our distinguished speakers in the discourse about how our local companies can meet their talent needs to stay competitive
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Cathy Benko,
Deloitte
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Marc Better, PhD
Kite Biopharma
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Lennie Ciufo, LAVC
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Anthony Davies, PhD, Capricor
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Ryan Helwig, Battelle TPP
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Tom Lobl, PhD, AMF
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Wolfe Noe, PhD, Agensys
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Ted Randolph,
Second Sight
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Russell Read, PhD, c3bc
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Wilie Zuniga,
Grifols Biologicals
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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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Los Angeles-Based Telemedicine Company SnapMD Closes $600,000 Seed Round
 "We could not be more pleased to have Shea Ventures and Whittier Trust as our lead investors. Along with the high-quality individual investors that also participated, the close of this round is one more validation of our business plan and approach to the market," said SnapMD CEO, Dave Skibinski (photo right). "With the successful close of this investment SnapMD is well positioned to take the next steps with our current sales pipeline, continue to add best-of-breed talent, and solidifies our future technology development plans" .. Read Press Release
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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Mesirow Financial (Los Angeles Office)
Mesirow Financial is a diversified financial services firm headquartered in Chicago. Founded in 1937, it is an independent, employee-owned firm with approximately 1,200 employees globally. With expertise in Investment Management, Global Markets, Insurance Services and Consulting, Mesirow Financial strives to meet the financial needs of institutions, public sector entities, corporations and individuals... Learn more
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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Interview
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MassDevice Interview James Mazzo Regarding His Move to Versant Ventures
 According to MassDevice "James Mazzo has put 35 years into the optics and ophthalmology business, so it was no surprise that he got involved with AcuFocus and its device for treating presbyopia. Mazzo, who stepped down from leading Abbott Medical Optics earlier this year, added another title to his resume that's more of a departure: He's the 1st "operating partner" at Versant Ventures" ... Read Interview
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Reports
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Silicon Valley Bank Report Says Big Device M&A Exits Held Their Own in 2012
 Silicon Valley Bank's annual healthcare report notes that the medical device industry generated 17 "Big Exit" acquisitions in 2012, the same as in 2011. Device company IPOs have been all but nonexistent, so the only option for an exit strategy in most cases has become M&A... Read Silicon Valley Bank Report
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Digital Health
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 Holomic, a UCLA digital health spinoff, is competing for the $525,000 grand prize and up to five additional $120,000 prizes in the Nokia Sensing XCHALLENGE. The purpose of the XCHALLENGE is "to accelerate the availability of hardware sensors and software sensing technology that individuals use to access, understand, and improve their health and well-being. Innovation in sensing is an important component to creating a means for appealing, usable, smarter digital health solutions" ... Read more
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Retinal Prosthetics
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Los Angeles-Based Second Sight Gains CMS Reimbursement for its Retinal Prosthesis
 Second Sight Medical Products, Inc., the leading developer of retinal prostheses for the blind, announced that The Argus II Retinal Prosthesis System (Argus II) has been approved by the Centers for Medicare and Medicaid Services (CMS) for both a new technology add-on payment (inpatient setting of care) and a transitional pass through payment (outpatient setting of care) beginning October 1, 2013. These payments are designed to support timely access to innovative technologies for Medicare beneficiaries .. Read more
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Crowdfunding
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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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Inhaled Insulin
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Positive Data on MannKind's Afrezza
 The Valencia-based MannKind Corp. recently announced encouraging results from the much awaited phase III Affinity studies on its lead candidate Afrezza. Afrezza is being developed for the treatment of type I or type II diabetes. Afrezza met primary end points in both the studies ... Read more
See also: MannKind's Steady Progression Towards FDA Approval Continues Unabated
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Patent Litigation
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The Aliso Viejo-Based Avanir and Novartis' Generic Drug Arm - Sandoz - Settle Neudexta Litigation
 Avanir Pharmaceuticals, Inc. recently entered into a settlement agreement with Novartis AG's generic arm Sandoz, Inc. to resolve their patent litigation regarding Neudexta. Sandoz had filed an abbreviated new drug application (ANDA) to get its generic version of Avanir's Nuedexta approved ... Read more
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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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