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SoCalBio Weekly Update

Thanks to Lead SoCalBio Sponsors
 
 
  
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Newest Addition
 
Diversified Alarm Services

 For security applications including access control, video surveillance, burglar and fire alarms with 24 hour UL monitoring. For more information, contact Daniel Johnson at 800-252-7652 or send e-mail to: alarmla@aol.com
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Join well-known entrepreneur Alfred Mann and other SoCalBio leaders to promote the biotech and device industries in the Greater Los Angeles Metro Area for job creation and overall economic growth.
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Past Weekly Updates
Editor: Ahmed A. Enany
President & CEO
Southern California Biomedical 
Council (SoCalBio)
August 24, 2009

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Conerence Highlight

11th SoCalBio Investor Conference Offers a Breakout on Accessing Government Funding

Emerging biotech, nanotech and medical device firms attending the 11th SoCalBio Investor conference held on September 17 will learn "insider" strategies for securing government funding during a workshop featuring distinguished experts representing the National Institute of Allergy and Infectious Diseases, National Cancer Institute and the Department of Defense. A panel of entrepreneurs will also share tips on putting together winning proposals. RSVP now to attend the conference
 
Also See: 
Apply Now to Make a Presentation at the SoCalBio Investor/Partnership Conference
Is your firm an innovative advanced medical technology or biotech company interested in raising capital, partnering your products or technologies, or initiating strategic alliances? If so, apply now for a company presentation slot during the 11th SoCalBio Investor and Partnership Conference on Sep. 17, 2009 at the Loews Hotel in Santa Monica. Send an executive summary
 
Companies Selected to Date to Make presentations
on September 17
  • Allvivo Vascular
  • APOImmune
  • Applied Biocode 
  • BioSeven
  • Biotic Labs
  • Cardiopolymers
  • CytomX Therapeutics
  • DxTerity Diagnostics
  • Fibron
  • iCo Therapeutics
  • ImaginAB
  • ImmunGene
  • Inscent
  • K-Space 
  • Kineta
  • Lerner Medical Devices
  • Med BioGene
  • MiCardia
  • preSage Biosciences
  • Pulmostics
  • Ritter Pharmaceuticals
  • Shenogen Pharma Group
  • Sofie Bioscience
  • Solidus
  • Western States Biopharmaceuticals
  • and many more to be announced soon

Upcoming SoCalBio Business Mixers

  • August 27, 7:00 - 9:30 am
    • SoCalBio Networking Forum in Irvine (UCI University Club)

Focus: Meeting Pricing and Reimbursement Challenges for Device Companies in a Changing Healthcare System ... More Info

  • September 30, 4:00 - 7:00 pm
    • SoCalBio Networking Forum in Ventura County (Westlake Village Inn)

Focus: Innovation and Protecting Your Intellectual Property in a Changing Patent Regime ... More Info

New SoCalBio Members

K-Space (Beverly Hills)

Designs and manufactures accessory devices and software for MRI and fMRI ... Learn more
 
Biological Test Center (Irvine)
 
Preclinical contract research organization. For more info, contact Dr. Stacy Pritt at stacy.pritt@bbraun.com
 
General Interest

M.I.T. Calls Academia's Bluff:
The Institute Gives Away Its Curricula Online

The Massachusetts Institute of Technology has begun the most revolutionary experiment in the history of education, stretching all the way back to the pharaohs. It now gives away its curriculum to anyone smart enough to learn it. It has posted its curriculum on-line for free. These days, this means a staggering 1900 courses. This number will grow. This is proof to the academic world that MIT regards its program as the best, and dares any other institution to prove otherwise, where everyone can see and compare. The free site validates the MIT T-shirt: HARVARD: Because not everyone can get into MIT." .... Read more
Financing

Medtech Investing Exceeds $300 Million in August 2009
and the month is not over yet

Four companies received 2/3 the amount invested. They are:
  • ArthroCare Corp. which received $75 million in Series A funding from the equity investment arm of JPMorgan Chase (Coblation surgical technology for removing and treating tissue in arthroscopy, spine and ENT)
  • MAKO Surgical Corp. which raised $58.36 million in a public offering of common stock (orthopedic minimally invasive joint market)
  • HeartWare International, Inc., which got $55 million in private placement funding (miniature left ventricular assist devices/pumps)
  • Neuronetics, Inc., which raised $30 million according to a regulatory filing (pulsed magnetic field system for treatment of depression)  .... See the list
Honors

AMI-USC Recognized for Outstanding Services to the Engineering Community 

IEEE -- the world's leading professional association for the advancement of technology -- has recognized AMI-USC and its director Dr. Jon Lasch (photo right) for support of IEEE's members, activities, and educatuional mission ... Read award citation
Executive Compensation

Valeant CEO's Pay Package Draws Praise as a Model

Mr. Michael Pearson's unusual pay package wins praise from compensation critics, who say it may offer a model for other public companies. Directors of the midsize drug maker required him to buy at least $3 million in stock, forgo routine annual equity grants and hold many shares for years before selling. No single element is unique, but the combination is rare -- for a public company..... Read more
Spin-offs

The Tustin-Based AMDL Spins off AMDL Diagnostics

The new wholly-owned subsidiary will focus on the research, development, manufacture and international sales of Onko-Sure(TM)-- AMDL's proprietary, regulatory approved in vitro diagnostic (IVD) cancer test.... Read more
Collaborations

IRIS International and Fujirebio Sign Exclusive Distribution Agreement

The Chatsworth-based manufacturer of urinalysis systems and consumables for use in hospitals and commercial laboratories worldwide, has entered into a distribution agreement with Fujirebio Inc., one of the largest in vitro diagnostics companies in Japan. According to the agreement, Fujirebio will be the exclusive distributor in Japan for the sale, marketing and service of IRIS's automated urine microscopy analyzers, automated urine chemistry analyzer, and all related consumables.... Read more
 
Masimo Announces Technology Licensing Agreement with GS Elektromedizinische Gerate G. Stemple GmbH 
 
The agreement will integrate the Irvine-based Masimo's Rainbow SET Pulse CO-Oximetry into GS Elektromedizinische's corpuls patient monitoring modules ... Read more
Jobs

For more jobs, sign up to access SoCalBio's LinkedIn Page

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