SoCalBio Weekly Update -- May 19, 2008
Editor: Ahmed A. Enany

From the Lab Bench

Industry & Company Headlines

  • Three Game-Changers For Big Pharma
    Market and regulatory drivers that will:
    • Force pharma companies to eventually specialize in either drug discovery or marketing
    • Reduce fully-integrated companies' ability to efficiently sell drugs at reasonable prices. 
    • Render generics irrelevant as marketers lower prices and keep manufacturing even after patents weaken or expire. ... read article at Seeking Alpha

  • Is It a Good Idea for Doctors to Invest in Medical Companies Whose Products They Use?
    The "Stark Law" is being invoked in the case of medical device companies such as Irvine's Allez Spine. Founded in 2004, this fast growing company makes and distributes spinal fixation devices. All of Allez's shareholders are spine surgeons and, at the same time, constitute some of the company's biggest clients .. Read article in OC Register

  • Kythera Biopharmaceuticals Inc. Raises $40 Million in Series C Funding
    The Calabasas-base developer of aesthetic medicines has just raised its $40 million Series C funding from JAFCO (which led the round), BBT Capital Management/Apothecary Capital, and PFM.  Earlier investors -- Versant Ventures, ARCH Venture Partners, Prospect Venture Partners, Altitude Life Science Ventures and Wilson Sonsini Goodrich and Rosati -- also participated. Kythera has now raised about $61 million in total venture capital since its founding through the SoCalBio Investor Conference in 2005.

  • ARBIOS' SEPET Extracorporeal Liver Assist Device OK'ed for Pivotal Clinical Trial
    SEPET Liver Assist Device, a blood purification technology designed by Arbios Systems, Inc., a Pasadena, CA company, has been given FDA's Investigational Device Exemption (IDE) status. The clearance paves the way for the company to begin a pivotal clinical trial.... read more

Jobs Available

Engineers Wanted

Boston Scientific Neuromodulation located in Valencia, California (40 Miles north of LAX) conceptualizes, designs, sells and supports Implantable Medical Devices in the Neuromodulation arena. 

We are looking for all levels of mechanical, electro-mechanical and electrical design expertise to assist. 

If you are open to a career challenge in the life improving neuromodulation implantable medical device sector and relocation to the Valencia (Our Global Headquarters and Design Center) area, then visit us at www.bostonscientific.com/careers.

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

Access Past Weekly Updates

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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 Rafael Carbunaru, PhD, Director of Emerging Indications R&D, 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


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

9th Annual UC System-wide 
Bioengineering Symposium

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

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Insurance Services
Bolton & Company

Bill Lewis
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245 S. Los Robles Ave. Ste 105
PO Box 6030 
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626-799-7000x303
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Chubb

Colony Little
Practice Leader
Technology Insurance Specialty

801 S Figueroa St # 2400
Los Angeles, CA 90017
213- 612-5608
clittle@chubb.com

JP Tech Insurance Services, Inc.

Joseph Placencia
President

445 S. Figueroa St. Suite 2700 
Los Angeles, CA 90071
213-489-6813
 plascencia@jptechinsurance.com 

Monitor Liability Nabagers, Inc.

David Aller
VP, Producer Development

2850 West Golf Road Ste 800 
Rolling Meadows IL 60008
800-446-2100, ext. 502
daller@monitorliability.com

USI

Ron Carlson
Sr. Vice President

Warner Center Towers
  21600 Oxnard St, 8th Floor 
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818-251-3003
Ron.Carlson@usi.biz

Wells Fargo Insurance Services

Joel R. Graves
VP, Business Development
949- 509-6515
 jrg@abdi.com

Dennis Rainey
VP, Business Development
310- 543-9995
dnr@abdi.com

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Group Purchasing Benefits

  • VWR Offers GE Healthcare Products to its Customers
    SoCalBio Group Purchasing Program users would be able to buy discounted GE products from VWR including radiochemicals, film, electrophoresis and chromatography products .. read press release.

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