Monday, April 22, 2019
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Avidity Biosciences Lands $35M In Deal With Lilly
La Jolla-based Avidity Biosciences, a developer of biopharmaceuticals that uses monoclonal antibodies and oligonucleotide-based therapeutics, said on Monday that it has received $20M in an upfront payment, as well as an investment of $15M in a deal with Lilly. According to Avidity, the company is also eligible to receive up to approximately $405 million per target for development, regulatory and commercialization milestones, as well as tiered royalties on product sales. According to the two comp (More info...)

posted on Monday, April 22, 2019(Full story)


Poseida Therapeutics Finds $142M
San Diego-based Poseida Therapeutics, a biopharmaceuticals startup developing non-viral gene engineering technology, has raised $142M in a Series C funding, the company said on Monday. According to the company, the funding was led by Novartis Pharma AG, which invested $75M in the round. Other investors in the round included Aisling Capital Management, Pentwater Capital Management, Perceptive Advisors, plus Malin Corporation plc., Longitude Capital, Vivo Capital and Boxer Capital, LLC. Poseida, w (More info...)

posted on Monday, April 22, 2019 (More)(Full story)


Beyond Meat Sets IPO Pricing Range
Los Angeles-based Beyond Meat, which develops plant-based meat products, which look and taste like real meat, has set its IPO pricing range, as its preps to go public. According to Beyond Meat, it expects an initial offering price of between $19.00 and $21.00 per share. The company has applied to list on the Nasdaq Global Market as BYND. Beyond Meat's IPO is being underwritten by Goldman Sachs & Co. LLC, J.P. Morgan, Credit Suisse, BofA Merrill Lynch, Jefferies, and William Blair. The next step (More info...)

posted on Monday, April 22, 2019(Full story)


ZipRecruiter CMO Resigns After Report On Alleged Sexual Misconduct
The Chief Marketing Officer of high flying, Los Angeles-based job recruiting technology developer ZipRecruiter has resigned from the company, after a story was published last week by BuzzFeed, detailing alleged sexual misconduct at his prior employer, Uber. Eyal Gutentag reportedly resigned on Friday. According to the report, Gutentag had been terminated from his job at Uber in 2015, over an alleged sexual battery incident, before later joining ZipRecruiter as CMO. ZipRecruiter reportedly now ha (More info...)

posted on Monday, April 22, 2019(Full story)


SpaceX Crew Dragon Suffers Anomaly During Engine Test
The SpaceX Crew Dragon, the spacecraft being designed by Hawthorne-based SpaceX to deliver astronauts into orbit, suffered what appears to be a major issue in testing on Saturday during an engine test--sending smoke billowing from its test location which was visible from miles away. According to SpaceX, there was an "anomaly" on the test stand involving a Crew Dragon test vehicle. No one was injured in the incident, although the capsule was believed to have been destroyed as a result of the inci (More info...)

posted on Monday, April 22, 2019(Full story)


Epic Sciences Names Chief Medical Officer
San Diego-based Epic Sciences, which is developing personalized medicine products for treating and managing cancer, said this morning that it has named Richard J. Wenstrup, M.D., as its new Chief Medical Officer. Wenstrup previously was Chief Medical Officer for Myriad Genetics, serving at that firm from 2006 to 2007. He also had been Chief Medical Officer at Oxford Immunotec, Inc, in addition to serving in academia. Epic Sciences said that Wenstrup will lead clinical development, regulatory and (More info...)

posted on Monday, April 22, 2019(Full story)


HyperX Rolls Out New DDR4 Memory
Fountain Valley-based HyperX, the gaming division of memory maker Kingston Technology, has rolled out two new DDR4 memory kits, aimed at system builders and DIY PC enthusiasts. According to Kingston, its new Predator DDR4 memory kits, available in 4266MHz and 4600MHz frequency versions, are available as 8GB modules in kits of two. Pricing on the new devices were not announced. According to HyperX, the "HyperX Predator DDR4" memory is compatible with Extreme Memory Profile (XMP) overclocking spe (More info...)

posted on Monday, April 22, 2019(Full story)


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