Bank of the Sierra completes acquisition of Coast National Bank
Sierra Bancorp, holding company of Bank of the Sierra, has completed its acquisition of Coast Bancorp of San Luis Obispo County. Coast Bancorp shareholders received approximately $13.5 million — $3.3 million in cash and the balance in Sierra Bancorp stock. Coast Bancorp’s wholly-owned subsidiary, Coast National Bank, was merged into Sierra Bancorp’s wholly-owned subsidiary, Bank Read More →
Read More →Brownley, Capps object to time limit for comment on importing citrus from Argentina
The public comment period on a U.S. Department of Agriculture proposal to allow the importation of citrus from Argentina was extended July 11, but members of Congress continued to express dissatisfaction with the time restrictions for analysis. On May 10, the USDA Animal and Plant Health Inspection Service published its proposed new rule with a Read More →
Read More →FDA OKs wearable injector for Amgen’s Repatha cholesterol drug
The U.S. Food and Drug Administration approved a new type of injector for Amgen’s cholesterol reducing drug Repatha on July 11. The FDA approved a wearable injector, called the “Pushtronex” system, that sticks to patients’ bodies and delivers a dose of the drug monthly under the skin. Patients can perform moderate physical activities like walking Read More →
Read More →Tri-county Wendy’s restaurants hacked in cyber attack
Several tri-county Wendy’s restaurants were hacked by malware, the company said July 7. Wendy’s restaurants in Ventura, Oxnard, Goleta, Lompoc, Paso Robles and two restaurants in Camarillo were hit with malware that may have stolen customers’ credit and debit card information. The company said in a news release customers’ names, credit card numbers, expiration dates, Read More →
Read More →Goleta’s Resonant buys GVR Trade SA for $1.1 million
Resonant, a late stage Goleta development company designing small smartphone technology, announced it bought Switzerland-based GVR Trade SA on July 8 for $1.1 million in stock and cash. Resonant designs a smartphone component called a duplexer. The duplexer acts as a phone’s eyes. A set of filters inside the duplexer selects which radio frequencies to Read More →
Read More →Westlake Village’s LTC Properties buys 70-unit complex in Georgia
Westlake Village-based real estate investment trust LTC Properties announced July 8 that it bought a 70-unit assisted living and memory care complex near Athens, Ga., for $14.3 million. The newly built community has 90 licensed beds and consists of 50 assisted living units and 20 dedicated memory care units. The deal expands LTC’s relationship with Read More →
Read More →FDA finds Amgen biosimilar replicates effects of Humira
The Food and Drug Administration said a new Amgen biosimilar replicates the effects of a competitor’s blockbuster drug July 8. ABP 501 replicates the effects of Humira, which is approved to treat nine conditions including rheumatoid arthritis, skin disorders and colon inflammation. The drug, made by Chicago-based competitor AbbVie, typically costs $20,000 per year for Read More →
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