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Thousand Oaks cancer drug firm raises $9M

By   /  Friday, November 15th, 2013  /  Central Coast Health Watch, Technology, Top Stories  /  Comments Off on Thousand Oaks cancer drug firm raises $9M

Thousand Oaks-based ImmunGene, a cancer treatment firm led by a former Amgen scientist, has raised $9 million from Ally Bridge Group, an investment group with ties to Hong Kong.

ImmunGene’s so-called antibody-cytokine fusion technology could help improve the cancer-cell targeting in therapies. President and CEO Sanjay D. Khare was formerly the scientific director at Amgen, the biotech giant. Prior to the funding, ImmunGene had received several hundred thousand dollars in federal research grants.

Antibody technologies hold promise for creating cancer treatments that do less damage to healthy cells. Molecules are crafted to mimic the body’s own immune system and bind to specific defects in cancer cells.

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Taylor Frigon invests in Schmidt-backed cloud tech firm

By   /  Friday, November 15th, 2013  /  Banking & Finance, Personal Finance, Technology, Top Stories  /  Comments Off on Taylor Frigon invests in Schmidt-backed cloud tech firm

Alongside its everyday wealth and investment management business, San Luis Obispo-based Taylor Frigon Capital Management has been quietly making venture capital investments over the past five years that are gaining attention from Silicon Valley heavyweights.

Taylor Frigon’s venture investment arm, Taylor Frigon Capital Partners, was an early investor in a company called Otoy in Los Angeles. The company has recently inked deals with a spate of big players — Firefox parent Mozilla, Amazon’s cloud services branch and Autodesk, the gold-standard for 3-D rendering software — to crack a previously unachievable goal.

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No cap on winners: Former P&G exec outlines AB32 strategies

By   /  Friday, November 15th, 2013  /  Technology, Tri-County Economy  /  Comments Off on No cap on winners: Former P&G exec outlines AB32 strategies

“It became evident that, if you don’t think creatively about AB32, it could really restrict your business’ growth,” Hullar said. “But if you play your strategies right, you can make a lot of money with AB32 – if somebody is buying, that means somebody is selling.”

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ValueClick reboots: Online advertising firm to sell assets, rename

By   /  Friday, November 15th, 2013  /  East Ventura County, Features, Technology, Top Stories, Tri-County Economy  /  Comments Off on ValueClick reboots: Online advertising firm to sell assets, rename

The $1.6 billion Westlake Village-based digital advertising company has been under fire from investors — and trial attorneys — for its reliance acquisitions to produce revenue growth. It has also faced criticism of the steep losses it has taken on selling off business lines that didn’t work out.

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Latest

Clean Diesel’s Pirelli deal scuttled

By   /  Wednesday, November 13th, 2013  /  Banking & Finance, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Clean Diesel’s Pirelli deal scuttled

Clean Diesel said Nov. 12 that it and the Italian auto parts firm had decided to cancel a project launched earlier this year that brought Clean Diesel’s catalytic converter coatings to Europe.

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In good company: Co-working spaces proliferate in region

By   /  Friday, November 8th, 2013  /  Features, Small Business, Technology, Top Stories  /  Comments Off on In good company: Co-working spaces proliferate in region

This has been the year co-working hit the Tri-Counties. With the opening on Nov. 4 of Connect Ventura in the Working Artists Ventura building, there are now co-work spaces in Ventura, Santa Barbara and San Luis Obispo.

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Sonos sets tone for tech firms as it snaps up downtown space

By   /  Friday, November 8th, 2013  /  Columns, Real Estate, Technology  /  Comments Off on Sonos sets tone for tech firms as it snaps up downtown space

Music equipment maker Sonos markets some of the highest-quality audio equipment around, but the company is being very quiet as it snaps up thousands of square feet of space in downtown Santa Barbara. According to the brokers at Radius Group’s economic and commercial real estate forecast on Oct. 31, Sonos has now leased about 100,000 square feet of new space over the last year, and is looking for more.

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