Industry & Company Headlines

• Southern California Stem Cell Lab Construction Bonanza
  On May 7, the board of the California Institute for Regenerative Medicine (CIRM), the state’s stem cell agency, voted to distribute $271 million to 12 research institutions for the purpose of building stem cell facilities throughout California. These institutions committed an additional $560 million from charitable donations and their internal reserves, bringing the total statewide investment in new research space to $831 million. When faculty recruitment cost is added, the total to be spent in the near future on stem cell research facilities will exceed $1 billion. The table below shows that Greater Los Angeles institutions -- USC, UCLA, UCI and UCSB -- will invest about $321 million in building their stem cell research capabilities. USC leads the pack with expected spending of $142.61 million on building and staffing its stem cell center.

Funding for Stem Cell Research Facilities
in Greater Los Angeles
(source: CIRM)

• Amgen CEO Reassures Investors That 2008 Is Starting Fine
  Amgen CEO Kevin Sharer reassured investors during an annual meeting last week that the company was starting well this year despite studies that its blockbuster anemia drugs, Aranesp and Epogen, could increase tumor growth in some cancer patients ... Read article in Los Angeles Times
• [video] Amgen Under Fire: 
  Stock owners are demanding answers from management, with CNBC's Mike Huckman

• Allergan (Irvine):
  • [video] Cramer of TheStreet.com Interviews Allergan CEO
  • Allergan profit more than doubles as drug, Botox sales rise
• Freedom Innovations (Irvine):
  • Freedom Announces Investment to Accelerate Growth
• Response Genetics (Los Angeles):
  • Response Genetics Announces the Appointment of David Gandara, M.D. to Its Board of Directors
• Spectrum Pharmaceuticals (Irvine):
  • Spectrum Announces Sale of Injectable Generic Drugs to Sagent Pharmaceuticals, Inc.
• Synthetic Blood International (Costa Mesa):
  • Synthetic Blood to Open New Research Office at Virginia BioTechnology Research Park

Jobs Available

• eMed (Westlake Village):
  • Sales Representative
• LA BioMed (Torrance): 
  • Senior Grants and Contracts Officer
• Osmetech Molecular Diagnostics (Pasadena):
  • Senior or Principal Engineer
  • Sr. Manager, Software Engineering
  • Senior Scientist, Clinical Research
  • Senior Research Associate
  • Staff Scientist
  • Cost Accountant
  • Regional Sales Manager
  • Service Support Engineer
  • Technical Support Specialist
  • Cost Accountant

For more job announcements, go to:
http://www.socalbio.org/career_center/jobs.htm

Access Past Weekly Updates

• May 5, 2008
• April 29, 2008
• April 21, 2008
• April 14, 2008

• April 7, 2008
• March 31, 2008
• March 24, 2008
• March 18, 2008

 RSVP Now

SoCalBio Networking Forum
Organized in collaboration with the office of Vice Provost for Research Advancement at University of Southern California and AMI-USC

May 29, 2008 (4:00 – 7:00 pm)
Davidson Conference Center
University of Southern California
3415 South Figueroa Street
Los Angeles, CA 90089-0871
RSVP: https://www.123signup.com/register?id=tvpmc

Event features a sneak peak at

Advances in Neuromodulation Devices
A Presentation by Boston Scientific Neuromodulation
 (Valencia, CA)

Boston Scientific's Neuromodulation business is a leading developer of microelectronic technologies that modulate nerve activity to treat disabling disorders, including chronic pain

• June 26, 7:00 - 9:30 am at UCI University Club in Irvine -- Focus: Unfolding Growth Opportunities in the Orthopedic Implant Market (tentative)

Coming This Fall

September 19, 2008

Apply for a Presentation Slot
Click Here to Register Online
Sponsorship & Display Opportunities Available

October 13, 2008

Sponsorship Opportunities Available

Recommended

9^th Annual UC System-wide 
Bioengineering Symposium

June 20 - 22, 2008
University of California, Riverside
http://www.bioeng.ucr.edu/2008UCBES

Utilize SoCalBio Resources
Support Vendors & Service Providers Investing in SoCalBio

About SoCalBio