VCs Are Pouring Billions into Biotech in 2018

Vcs Are Pouring Billions into Biotech

  With tax reform in place and corporations expecting lower taxes and easier access to overseas cash, the biopharma industry focus has been on potential merger-and-acquisition activity. So far, the big deals have been Celgene acquiring Juno Therapeutics for $9 million and Impact Biomedicines for $7 billion, and then Sanofi US buying Bioverativ for $11.6 […]

Biotech Real Estate Maintains Momentum in San Diego

CoStar Biotech_2.14.18

New brokerage data points to San Diego’s red-hot life science real estate market remaining among the nation’s most active in 2018 and beyond, as major biotech and pharmaceutical players seek expansion opportunities in a climate of limited available laboratory space. “There’s a lot of money out there right now,” Cushman & Wakefield’s Greg Bisconti told […]

Roche Bets $1.7B More on Precision Oncology With Ignyta Deal

Roche bets

In a buyout that marks the latest endorsement for targeted cancer drugs—and, potentially, the increasing utility of broad cancer DNA tests—Roche this morning agreed to acquire San Diego biotech Ignyta in an all-cash deal valued at $1.7 billion. Roche will pay $27 per share for Ignyta (NASDAQ: RXDX), a whopping 74 percent premium to the firm’s […]

VC investment in biotech blasts through $10B barrier in 2017

VC Investment

Vienna-based Hookipa Biotech has raised almost $60 million in an oversubscribed Series C funding. The investment will help the clinical stage company, which specializes in immunotherapy treatments for cancer and infectious diseases, bring two products to Phase I and II testing. Read More

San Diego County Ranks No. 3 in State with Life-Sciences Jobs


According to the California Life Sciences Association, employment in San Diego County’s life sciences industry has surpassed Orange County for the first time, ranking the region as No. 3 in the state. Additionally, the county’s life science job growth rate exceeded the statewide average significantly. Read More

Quidel to Acquire Assets of Alere for $440 Million

life-science-biosite-alere-03 (1)

Quidel Corp, California-based leading diagnostic healthcare manufacturer, plans to purchase $440 million worth of assets from the East Coast diagnostic company, Alere Inc. The contract specifies that Quidel would obtain Alere’s “Triage B-type naturistic peptide assay business, and its Triage MeterPro cardiovascular and technology assets for $400 million plus $40 million in contingent consideration.” This […]

An Update on San Diego’s Life Science Sector


San Diego Life Sciences startups have access to a form of financial aid that many other regions do not, and that is the large pool of angle investors and Venture Capital firms that occupy the area. However, recent concern has risen regarding the proposal to cut $1.2 billion from the medical-research agency, says Ted Jacobs, […]

Ionis Purchases 2855 Gazelle from BMR


Ionis Pharmaceuticals (formerly Isis Pharmaceuticals) has purchased their 176,000 square foot headquarters they were leasing from BioMed Realty (BMR) for $79.4 million. Ionis had multiple options per their lease to purchase their campus. The Gazelle property, located in Carlsbad, is currently Ionis’ primary R&D facility.  Read More    

HCP Buys Scripps Wateridge


Health Care Properties (HCP), a Health Care REIT, purchased two buildings for $26,100,000. 6965 Lusk Blvd – 74,732 SF is currently leased to Qualcomm and if they vacate HCP plans to build lab/office space. HCP already has plans to convert 6925 Lusk Blvd – 49,732 SF into a “flex” R&D building with office and lab […]

The JLABS Story


Melinda Richter had one mission, to figure out how to get the life sciences industry running like the start-ups in the tech industry. In January 2012, after a few years of work, Richter joined with Johnson & Johnson to open the first JLABS location right here in San Diego. Since, JLABS has seen companies like […]

Top 12 Hot Biopharma Regions for Growth and Expansion

top 12

Globally, the biotech industry is growing and expanding at a rapid pace.  In honor of Biospace’s 30th anniversary, they highlighted 12 major biotech regions.  These regions had the greatest growth and potential based on research and development dollars, job opportunities, quality of workforce, funding and a few other factors.  Besides the 3 major regions, Boston, […]

California Remains a National Force in Life Sciences


In California, the life science sector remains a potent economic force, especially in San Diego County and the San Francisco Bay area.  Life sciences include areas mainly concerned with health care, like biotechnology and medical devices.  Not only are employment statistics growing throughout the sector, but funding and the governement approval rate has significantly increased. […]

Alexandria Buys Torrey Pines Life Science Campus


Alexandria Real Estate Equities (ARE) is an urban office REIT uniquely focused on world-class collaborative science and technology campuses.  Alexandria has recently purchases the three-building Torrey Ridge Science Center office and lab campus in San Diego for $182.5 million.  The campus totals 291,799 square feet, located at 10578, 10614 and 10628 Science Center Drive.  With […]

Catalent to Acquire Pharmatek


Catalent, the world’s number one drug development, delivery and supply partner for drugs, biologics and consumer health products has announced its plans to acquire San Diego based Pharmatek Laboratories.  This planned acquisition will add discovery-to-clinic development capabilities, expand its capability for handling highly potent compounds and add spray drying to its technologies. The acquisition to […]

Kilroy Divests Assests, Land to HCP for $49 Million


An affiliate of the Irvine, CA-based HCP has brought a life science campus portfolio from Kilroy Corp for $49 million.  The deal included two industrial properties totaling nearly 135,000 square feet, as well as a 7 acre land parcel.  The acquired properties span nearly 18.6 acres, and are made of up two research and development […]

LabCorp to Acquire Sequenom for $371 million


LabCorp, a healthcare diagnostics company, has acquired Sequenom for $371 million.  Sequenom’s market-leading NIPT Testing will help advance LabCorps strategy to deliver premier diagnostics solutions.  LabCorps CEO, David King, recently stated, “This is exactly the kind of strategic acquisition that LabCorp seeks: Sequenom was the first laboratory to offer a clinically validated NIPT test and […]

Ventas Acquires Wexford Properties

Ventas & Blackstone

Ventas Inc. has agreed to acquire nearly all of the life science and medical properties of Wexford Science and Technology LLC., for nearly $1.5 billion. As part of the deal, Ventas has arranged to give Wexford exclusive rights to jointly develop their future projects. The Blackstone Group LP, acquired Wexford parent Biomed Reality Trust, another […]

BioLabs San Diego – Accepting Applications

10210 - Genesis

BioLabs San Diego, represented by Cushman & Wakefield, is a prestige co-working space for early stage life sciences start-ups.  They are currently accepting applications for flexible lab and office space that will me ready for occupancy in Fall 2016.  The space will be located at 10210 Campus Point Drive, San Diego, CA, known as “Genesis” […]