Amgen inks drug development deal worth up to $1.9B
Thousand Oaks-based Amgen has reached an agreement with Generate Biomedicines, a Massachusetts-based therapeutics company, to research, discover and create protein therapeutics, the company announced Jan. 6. According to the agreement, Amgen, one of the largest biotech companies in the world, will pay $50 million up front to fund the initial five programs, with a potential Read More →
2022 Forecast: Stock analysts break out crystal balls for region’s biggest companies
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Sonos wins ruling that Google violated its patents
The U.S. International Trade Commission ruled in favor of Santa Barbara-based Sonos once again on Jan. 6, with a finding that Google infringed on five Sonos patents relating to smart speakers and audio. The ITC reaffirmed its decision from August, stating that Google violated section 337 of the Tariff Act of 1930 by infringing on Read More →
Region’s corporate boards meet state diversity standard
All of the tri-county region’s publicly held companies that trade on major stock exchanges meet California’s new requirement for more diversity on corporate boards. Assembly Bill 979 was passed in 2020 and went into effect on Jan. 1, 2022. It is similar to Senate Bill 826, a law that went into effect Jan. 1, 2019, Read More →
Amgen’s new asthma treatment gets FDA approval
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Mission Produce shares down after earnings release
Mission Produce’s stock tumbled 10% after the markets closed Dec. 22, after the Oxnard-based avocado distributor released its financial results for the fourth quarter of 2021 and missed analysts’ expectations. Mission Produce generated revenue of $237 million in the fourth quarter of 2021, a 15% increase from the same period a year ago. But, according Read More →
Calavo hires new CEO
Calavo Growers, a Santa Paula-based distributor of avocados and other produce, has hired a new CEO, after a period of instability that saw three permanent or interim leaders hold the job since early 2020. The new CEO, effective Feb. 1, is Brian Kocher, Calavo said in a Dec. 22 news release. He will take over Read More →
