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Teledyne increases stake in Optech

By   /  Tuesday, April 3rd, 2012  /  Banking & Finance, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Teledyne increases stake in Optech

Military-industrial conglomerate Teledyne Technologies said April 3 that its Dalsa subsidiary has increased its ownership stake in the parent company of Optech from 19 percent to 51 percent. Terms of the deal were not disclosed. Optech is a Canadian maker of laser-based survey and digital imaging equipment. Thousand Oaks-based Teledyne has been moving away from Read More →

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Amgen, AstraZeneca strike drug development deal

By   /  Monday, April 2nd, 2012  /  Banking & Finance, Latest news, Technology, Tri-County Public Companies  /  Comments Off on Amgen, AstraZeneca strike drug development deal

Amgen has entered a development deal with London-based AstraZeneca to jointly commercialize five anti-inflammation drugs. Under the terms of the agreement announced April 2, AstraZeneca will pay a one-time $50 million payment to Amgen and will be responsible for helping the Thousand Oaks-based biotech giant commercialize its inflammation drug pipeline. The firms said in a Read More →

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Sientra funding rises to $151M

By   /  Thursday, March 29th, 2012  /  Latest news, Technology  /  Comments Off on Sientra funding rises to $151M

Sientra, the Santa Barbara breast implant company that recently received the first FDA approval in several decades for new implants for the U.S. market, has closed a $65 million funding round, bringing its total capital raised to $151 million. The lead investor on the private equity deal was London-based life sciences fund Abingworth. Sientra’s existing Read More →

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Bill Gates: New nuclear could be “energy miracle”

By   /  Friday, March 23rd, 2012  /  Features, Green Coast, Technology  /  3 Comments

Microsoft founder Bill Gates is placing his chips on nuclear technology these days.

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200 jobs in limbo as UTC dumps Clipper

By   /  Friday, March 23rd, 2012  /  Technology, Top Stories  /  2 Comments

The fate of Carpinteria-based Clipper Windpower and roughly 200 South Coast jobs hang in the balance after owner United Technologies Corp. abruptly disclosed plans to sell the turbine maker. A top official for United Technologies Corp. called the 2010 acquisition of Clipper a  “mistake” on a call with Wall Street analysts. Indeed, the Clipper acquisition Read More →

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A new player in Silicone Alley: Sientra enters breast implant industry

By   /  Friday, March 23rd, 2012  /  Technology, Top Stories  /  Comments Off on A new player in Silicone Alley: Sientra enters breast implant industry

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Tech leaders preview new incubator in Santa Barbara

By   /  Monday, March 19th, 2012  /  Latest news, Real Estate, Technology  /  Comments Off on Tech leaders preview new incubator in Santa Barbara

Santa Barbara will soon have a new technology incubator space, and its organizers are giving technology insiders a sneak peak on March 21. The Synergy Business & Technology Center at 1 N. Calle Cesar Chavez is slated to open next month. Its organizers hope it will restore some of the cheap, flexible office space for Read More →

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