LabCorp to Acquire Sequenom for $371 million

LabCorp

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

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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” […]

Big Biotech’s Missing Formula

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In the past 5 years, the Nasdaq Biotechnology Index has outperformed the S&P 500 by nearly 100%, due to innovative health care products such as revolutionary oral cures for Hepatitis C, and new treatments for certain forms of cancer.  But, since mid-February the index is down 20% as a consequence of lacking blockbuster drugs.  This […]

Biotech’s Big Slowdown

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The biotech industry’s recent misfortunes have made valuations more reasonable making a way for improved performance.  Recent reports show that biotech firms – firms that develop drugs from living cells versus chemicals – tend to grow at a faster rate than big pharma – but their pace has been slowing down. In recent news, several […]

Biomed Leases Full i3 Campus to Illumina

i3c

Biomed Realty has fully leased their 316,000 square foot spec campus branded as “i3″ to Illumina.  In San Diego, Illumina employs nearly 2,000 and more than 4,800 globally.  The company focuses on research and development in DNA sequencing and related genomics areas.  Completion of the i3 campus is slated to be in July 2016, and […]

Pfizer, Allergan Move On

Pfizer

Back in November 2015, Pfizer and Allergan announced they would combine to create the biggest drug merger ever.  Despite the hype of the merger, the companies are now abandoning the deal because of new Treasury Department rules created to deter inversions, which garner lower tax rates by moving tax headquarters overseas.  Pfizer’s decision marks the […]

Lilly Announces San Diego Expansion

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Eli Lilly and Company is expanding in San Diego.  The expansion is set to be completed in 2016 and will double Lilly’s research presence in San Diego, a global hub for biomedical research.  This expansion will also generate 130 potential new job openings while allowing closer collaboration among Lilly experts.  Lilly is a global healthcare […]

Biotech Stocks: Riding Out the Funding Storm

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Recently, the biotech industry has been majorly affected by a sustained freeze in capital markets.  The smaller biotech firms depend on the capital markets to fund their development since a lot of them do not have products approved for commercial use.  The issue is the dormant funding environment is a major problem and will become a […]

Vertex Pharma Expands in SD

Boston Vertex

One of the nation’s largest biotech companies, Vertex Pharmaceuticals, is expanding in San Diego.  The Boston-based pharma will increase its commitment to 170,000 square feet with a new building, in the hub of San Diego’s biotech community.  The new headquarters will house about 250 employees.  Such trends of large companies like this enhance continued success […]

Pfizer and Allergan Merge

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In one of the biggest corporate deals in history, Pfizer and Allergan announced that they would combine to create the world’s largest pharmaceutical giant.  Pfizer is known for its popular drugs like Lyrica and Viagra, while Allergan is know for Botox and Restasis.  Combining these drugs under one roof makes this deal the second largest […]

CA Life Sciences Industry Brings in $130B in Revenue

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The latest report from the California Life Sciences Association confirms the long-standing image of California as a mecca for life sciences. The report states that the industry directly employs more than 281,000 people statewide, including about 38,000 in San Diego County. In the previous year, the industry had $101 billion in revenue, while this year […]

Blackstone to Buy Biomed Realty Trust

Blackstone

BioMed Realty Trust (NYSE:BMR), one of the three largest lab landlords in the country, has agreed to be acquired by the private equity giant Blackstone group for $4.84 billion. BioMed owns and develops life sciences and pharmaceutical real estate in the major biotech hubs including Boston, San Diego, and San Francisco. In San Diego BioMed […]

How to Build a Biotech Cluster

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The continued success of such biomedical hubs as Boston, San Francisco and San Diego has inspired other biotech centers to attempt to duplicate the same success. There has been much trial and error in several areas such as Los Angeles, Texas, and Florida trying to kick start their biotech sectors. The achievements and accomplishments of […]

Biocom New Headquarters – Epicenter for the Life Sciences Industry

Biocom

Biocom is an organization that helps life science companies with a variety of resources and opportunities to achieve their business goals. With the San Diego life sciences sector being the hottest it has ever been to date, this organization has made a strategic move and relocated their headquarters in the heart of all the action. […]

Mid-Coast Trolley Project

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The Mid-Coast Trolley project is extending! The extension will begin just north of the Old Town transit center and continue through to the Westfield UTC transit center. 9 new stations will be constructed. The Trolley extension will service new such areas as Nobel Drive, Executive Drive, and service to east and west campus at UCSD. […]

What’s New for UTC

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In recent years, University Town Center (UTC) has seen tremendous growth in new inventory and redevelopment concerning laboratory space. But the growth and redevelopment does not stop there. Westfield UTC is kicking off Phase II of their transformation. The first phase opened in Fall 2012 adding to Westfield UTC’s ultimate resort shopping experience. Phase II […]

I-805 Hov/Carroll Canyon Road Extension Project

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Qualcomm employees approximately 31,000 worldwide and with their headquarters in San Diego rush hour can mean you are stuck bumper to bumper on your commute. The new I-805 HOV lane is now open and should help improve traffic. The project includes the extension of Carroll Canyon Road under I-805, construction of a high occupancy vehicle […]