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SoCalBio Weekly Update

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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 31, 2009

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Conference Highlight

11th SoCalBio Investor Conference Offers Three Breakouts on Corporate Partnerships

Emerging biotech, nanotech and medical device firms attending the 11th SoCalBio Investor conference held on September 17 will learn "insider" strategies for forging and maintaining corporate partnerships as a source of funding. Conference sponsors, Reed Smith, Ernst & Young and Bingham, will each lead a breakout with participation of local firms, such as Edwards Lifesciences and Beckman Coulter, and established players, such as Merck and Pfizer, on:
  • The importance of partnerships as a source of funding in a changing bioscience industry landscape,
  • What to learn from recent device corporate alliances, and
  • Lessons derived from biopharma partnership deals.
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
 
28 Companies Selected to Date to Make presentations
during the SoCalBio Conference 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
  • Replenish
  • Ritter Pharmaceuticals
  • Shenogen Pharma
  • Sofie Bioscience
  • Solidus
  • Ten Medical Systems
  • Viral Genetics
  • Western States Biopharmaceuticals

Upcoming SoCalBio Business Mixers

  • 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

  • October 29, 4:00 - 7:00 pm
    • SoCalBio Networking Forum in Los Angeles

Focus: Why Bioscience Companies Should Care About Social Media ... More Info

New SoCalBio Members

Replenish, Inc.
(Pasadena)

Co-founded by Sean Caffey, MD (photo right), Replenish is a medical device firm developing an intraocular drug delivery micro-pump to deliver the right amount of medications for eye problems such as glaucoma and age-related macular degeneration... Learn more
 
Reshape Medical
(San Clemente)
 
A development-stage medical device manufacturer focused on the development of non-surgical weight loss devices. The company's main product is an intragastric balloon that can be used as aids in the treatment of obese or overweight patients.... Learn more
 
Jinn Su, Patent Attorney
(Los Angeles)
 
Jinn Su (photo right) is a patent attorney trained in both engineering and the law. He works with companies to protect their inventions in the medical device, software, and semiconductor fields ... Learn more
Company Profile

ImmunoCellular Therapeutics (Woodland Hills)

Taking Aim at the Root Cause of Cancer
 
Led by Dr. Manish Singh (photo right) ImmunoCellular Therapeutics (IMUC.OB) is an emerging cancer immunotherapy company headquartered in the San Fernando Valley. The company is developing therapeutic and diagnostic product candidates taking aim at the root cause of the disease, cancer stem cells (CSCs), based on two distinct technology platforms - active (cancer vaccines) and passive (monoclonal antibodies or mAbs). This approach is in the early stages of development, but has the potential to become a disruptive, paradigm shifting therapeutic approach to the treatment of cancer.... Learn more
Financing
ValenTx Inc. (Carpinteria)
 
ValenTx -- a developer of minimally-invasive treatments for morbid obesity -- has raised $20.29 million in new VC funding, according to a regulatory filing. The company previously raised around $7 million from firms like EDF Ventures, Affinity Capital Management, Kaiser Permanente Ventures, TGap Ventures and Sapient Capital Management .... Learn more
 
AVANIR (Irvine)
 
The company announced last week that it had raised gross proceeds of approximately $10.6 million via the sale of approximately 4.5 million shares of common stock at a weighted average price of $2.34 per share. The shares were sold into the open market at prevailing prices through the Company's Controlled Equity Offering facility... Learn more
 
CNS Response (Costa Mesa)
 
Company announced last week that it had completed a closing of its private placement, resulting in gross proceeds to the Company of approximately $2,000,000. Proceeds from the transaction will be used for general corporate purposes, including clinical trial expenses, research and development expenses, and general and administrative expenses.... Learn more
Clinical Studies
Valeant's retigabine fails in shingles pain study
 
The trial was designed to evaluate retigabine as a treatment for post-shingles pain, and was intended to help Valeant find the most effective dose of the drug. But the company said the drug was not as effective as it expected ... Learn more
 
ISTA says daily Xibrom eye drops met goal in study
 
The company said Xibrom QD eye drops were significantly better than a placebo at eliminating eye inflammation 15 days after cataract surgery. The drug also achieved a secondary goal of eliminating eye pain one day after surgery. The drug is a once-per-day version of Xibrom, a drug that is already on the market but is intended to be used twice a day... Learn more
Product Approval 
Watson Pharmaceuticals (Corona)
 
Company gets approval for its over-the-counter version of the emergency contraceptive Plan B, which is made by Barr Pharmaceuticals unit Duramed. Watson will call its version Next Choice. It is meant to be taken within 72 hours of unprotected intercourse to reduce the chance of pregnancy... Learn more
Jobs

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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