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 →
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 →
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 →
By Stephen Nellis / 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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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 →
Less than two years after Clipper Windpower was purchased by defense-industrial giant United Technologies Corp., the Carpinteria-based turbine maker is up for sale again. United Technologies, the name behind Pratt & Whitney jet engines and Sikorsky helicopters, bought Clipper in 2010 as the company was struggling to keep its cash flowing. The defense giant paid Read More →