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SoCalBio Weekly Update

Group Purchasing

 
 
 Utilize AT Conference to Cut the Cost of Your Phone and Web Conferencing
 
SoCalBio's Group Purchasing Committee is pleased to announce that AT Conference was selected to provide member companies with phone and web conferencing services at significant discounts. Click to see benefits and enroll (must be a SoCalBio member company or organization)
 
Great Savings - SoCalBio Special Rate of 5¢/minute
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Recommended Events
 
MDMA Annual Meeting
June 1 - 3 
 
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Personalized Medicine Today and Tomorrow  

Date: June 9, 2009
Time: 5:30 p.m. - 8:00 p.m.

Pfizer La Jolla
Building CB4 Patio
10646 Science Center Drive
San Diego, CA
 

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More Information
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Register Now
Enhance your Career
 
 
 BIOTECH DEMYSTIFIED
The Science Behind the Business
June 8-10, 2009
 
Rady Center for Executive Development, UC San Diego
San Diego, CA 
 
   
MOMENTUM WEEKEND FOR WOMEN IN LIFE SCIENCES
 
June 11-14, 2009
 Keck Graduate Institute
 
Learn more
 
LIFE SCIENCE
ENTREPRENEUR'S
BUSINESS LAW
PRIMER
 
June 27, 2009
Thomas Jefferson School of Law, San Diego

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May 26, 2009
Thanks to Lead SoCalBio Sponsor
  

Industry Snapshot

The Medical Aesthetics Industry in Los Angeles, Orange County and Neighboring Communities
 
 
 
The aesthetic medicine market generated $34 billion in 2008 - up ~ 36% from 2007. Southern California is home to many of the leading companies in this market segment including Allergan in Irvine, Inamed (now Allergan Medical) and Mentor Corp. in Santa Barbara, and Obagi Medical Products in Long Beach.

Coming This Fall

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Venture Funding
Clouds Clearing:
Venture activity and private equity picking up steam as public markets remain dry
 
Public markets remain dry, but companies raising venture capital and private equity financings are having quite a bit of success. Small U.S. public companies are tapping the private markets and seem to be especially fond of registered direct offerings, with six of the nine PIPEs completed during the week structured in this manner... Read more
M&As
Johnson & Johnson Acquires Los Angeles-Based Cougar Biotechnology for $1 Billion
 
Johnson & Johnson has snagged a biotech with a late-stage oncology drug for prostate cancer. Cougar will work with Ortho Biotech Oncology R&D, a unit of Centocor R&D. Cougar is conducting two Phase III trials for abiraterone acetate for prostate cancer. Alan Auerbach (photo right), CEO of Cougar Biotechnology, said: "Since the founding of Cougar approximately six years ago, our employees have been relentlessly dedicated to the development of oncology drugs and the creation of shareholder value. We believe that this transaction strongly positions abiraterone acetate for future success with a leading healthcare company that has the expertise, resources, dedication and motivation to deliver it to the cancer patients who need it."... Read more
 
Related:
Collaborations

Amgen Gets Rights to Cytokinetics Heart Failure Drug

Cytokinetics (South San Francisco) will get $50 million from Amgen and up to $600 million in future payments upon the success of the drug.... Read more
Grant Funding
Molecular Express of Dominguez Hills Announces Award of SBIR Phase II Funding from the National Heart Lung and Blood Institute to Develop a Synthetic Lung Surfactant 
 
 The lung surfactant project will be a multi-institutional collaborative effort between Professors Alan Waring and Frans Walther of the Los Angeles Biomedical Research Institute at Harbor-UCLA Medical Center (LA BioMed), Professor Robert Notter of the University of Rochester, Professor Adrian Schwan of the University of Guelph and the Molecular Express team.  The Company has also obtained an exclusive license to certain synthetic lung surfactant technology discovered by Professors Waring, Walther, Notter and Schwan... Read more
Patents
Viral Genetics of San Marino Has Option Under Issued Key Patent for Cancer Drug
 
"This patent represents the first method for treating drug resistant cancer using metabolic disruption, an approach targeting the distinct cancer-specific metabolic activities that can distinguish cancer cells in general, and many drug resistant cancer types, in specific, from normal cells in normal tissues," said M. Karen Newell, PhD., tenured professor at the University of Colorado, Colorado Springs. Viral Genetics has certain exclusive licenses and options from the University of Colorado under previously filed patent rights, the work by Dr. M. Karen Newell and her group. Viral Genetics' licenses and options with the University are in return for certain obligations and fees... Read more
New Products
Camera Phones to Interpret Visible World for Blind 
 
iVisit, a company out of Santa Monica, California that specializes in video teleconferencing applications, has teamed up with the National Institutes of Health to turn a mobile phone's camera into an eye for the blind. Using advanced image recognition software to identify what is in front of the phone, the system reads off what it is seeing... See a demo
 
Watson Pharmaceuticals of Corona, Calif. Launches GELNIQUE, the First and Only Topical Gel for Overactive Bladder (OAB)
 
While GELNIQUE is approved for use in men as well as women, Watson has opted to target the active, female OAB patient in its marketing efforts. The GELNIQUE marketing campaign will highlight the power of control GELNIQUE offers to OAB patients rather than focusing, as traditional products have, on the predictable embarrassment and stigma associated with OAB ... Read more
People
Marty J. Duvall Joins Abraxis BioScience as Senior Vice President, Global Marketing and International Commercial Operations
 
Mr. Duvall (photo right) most recently served as Chief Business Officer, Morphotek, a subsidiary of Eisai Corporation of North America, following Eisai's acquisition of MGI PHARMA, INC., where he served as Sr. Vice President, Commercial Operations (2004-2006) and Sr. Vice President, Commercial Strategy and Development (2007-2008)... Read more 
 
NanoPacific Holdings Announces Appointment of UCLA Chancellor Emeritus, Albert Carnesale, Ph.D. to its Board of Directors
 
"I am excited by NanoPacific's capacity to develop and apply nanotechnologies in creative yet practical ways. It is a privilege to join this team of outstanding scientists, engineers, and business leaders," commented Carnesale (photo right). NanoPacific is a privately held research and development company based in Los Angeles and focused on commercializing a patented nanotechnology portfolio which it has exclusively licensed from UCLA, and the Regents of the University of California... Read more
 
Simulations Plus Appoints Michael Pelekis, Ph.D., Director for Business Development
 
Walt Woltosz (photo right), chairman and CEO of the Lancaster, Calif.-based Simulations Plus: "We're extremely pleased that Michael has joined the Simulations Plus team. Michael comes to us with 20 years of experience in the pharmaceutical and environmental toxicology industries" ... Read more
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 
Editor: Ahmed A. Enany
Southern California Biomedical Council (SoCalBio)