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SoCalBio Weekly Update
January 21, 2014

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Sponsored Event
 
SoCalBio, JETRO and Globizz Invite You to Network with Japanese Medical Device Companies
Feb. 14, 2014, from 11 to 1 
JETRO Los Angeles
777 S Figueroa St, Los Angeles, CA 90017
Eventbrite - Network With Japanese Medical Device Companies
 
This networking event seeks to bring together regional investors, medical device manufacturers, universities in the Los Angeles metropolitan area, and medical device companies in Japan for networking and facilitating partnering opportunities.
Don't Miss This Opportunity
List
The Top 25 Bioscience M&A Deals in 2013 

Genetic Engineering and Biotechnology News published the list of the 25 largest bioscience merger and acquisition (M&A) deals disclosed in 2013 by drug developers, tools/tech companies, and CROs, ranked by deal value in U.S. dollars ... The list is topped by the multibillion-dollar blockbuster acquisition of Life Technologies by Thermo Fisher .... See who else is on the list

FDA Regulations
FDA Issues a Draft Guidance on Use of Social Media by Drug Companies

The Burrill Weekly Brief states that the "New draft policy guidance from the U.S. Food and Drug Administration puts drugmakers in charge of keeping the agency apprised of their online promotional efforts, but leaves significant questions unanswered" .... Read more

Drug Development Cost
pills.jpgWhat Is the Real Drug Development Cost for Very Small Biotech Companies?

A small biotech company, virtual or not, has nowhere near $2 billion to bring a drug to market. A simple calculation shows that it can be done for less than $250 million. .... Read more
CIRM
Saving California's Stem Cell Agency

An initiative  is proposed to provide funding for the California Institute of Regenerative Medicine (CIRM). The plan would raise roughly $700 million annually by increasing tobacco taxes, channeling about $200 million to the stem cell agency through a ballot initiative that would have to be approved California voters. The stem cell agency is scheduled to run out of cash for new awards in 2017 and is casting about for new sources of funding.... Read more

New Funding
Aliso Viejo-Based AqueSys Inc. Raises $43.6 Million 
in Series B Funding
 
big-bills-money.jpg An undisclosed new investor led the round, and was joined by return backers Accuitive Medical Ventures, The Carlyle Group, Longitude Capital, Rho Ventures, and SV Life Sciences ... Learn more

Other Recent Financing Deals
Vision Care Collaboration
OASIS Medical Partners with Spain's AJL Ophthalmic to  Distribute Keratoconus Treatment in the US

Glendora-based OASIS Medica, a manufacturer and distributor of disposable surgical instruments and ocular lubricating and cleansing solutions, jointly with Spain-based AJL Ophthalmic, S.A., manufacturer of ophthalmic implants, announce an exclusive relationship for the sales and distribution of Intacs corneal implants for the treatment of keratoconus and FDA approved for the treatment of myopia ... Read more

Heart Valves
 
FierceMedicalDevices says the ruling calls into question the U.S. future of Medtronic's  CoreValve transcatheter aortic heart valve, which is on track for FDA approval by the end of its 2014 fiscal year. Edwards' market-leading Sapien transcatheter aortic heart valve has approval in the U.S., Europe and other countries, and it is pursuing new clinical testing and approvals of next-generation options. Edwards has fought fiercely to protect Sapien's dominance in what has become an international patent battle with Medtronic. Medtronic has also won its own victories as the patent fight has raged on... Read more 
Electrophysiology
Irvine Biomedical Receives FDA Approval to Market ItsTherapy Cool Flex Ablation Catheter
 
Medgadget reports that this Therapy Cool Flex ablation catheter is used in the treatment of atrial flutter by finding and destroying small areas of cardiac tissue causing atrial flutters or other arrhythmias ... Read more
Glaucoma
Allergan Wins Court Order Blocking 
Copies of Lumigan Until 2027
 
Lumigan, which comes in different solution formulas, generated $452.7 million in sales for the nine months ended Sept. 30 and accounts for about 10 percent of the Irvine, California-based company's revenue. The solution slows the progression of glaucoma, which can cause blindness ... Read more at Bloomberg 
Jobs ... Jobs ... jobs 
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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