Amgen to buy ChemoCentryx for $3.7B
Amgen was having a relatively quiet year on the mergers and acquisitions front, at least until Aug. 4, when the Thousand Oaks-based biotech firm announced it will purchase ChemoCentryx for nearly $3.7 billion. ChemoCentryx is a Silicon Valley biopharmaceutical company focused on orally administered therapeutics to treat autoimmune diseases, inflammatory disorders and cancer. It has Read More →
Ventura, Santa Barbara County ag revenues both grew 5% in 2021
Both Santa Barbara and Ventura counties saw total agriculture revenue rise 5% between 2020 and 2021, combining for nearly $4 billion in revenue, despite a steep decline in a usually popular fruit, avocados. The 2021 crop reports for both Santa Barbara County and Ventura County were released in late July, while the county of San Read More →
Arcutis to raise $150M in public stock offering
Arcutis Biotherapeutics, a Westlake Village-based company developing drugs for immune dermatological conditions, plans to raise $150 million through a public offering of additional shares of common stock. Arcutis announced the pricing of those shares on Aug. 2, at $20 per share. Shares of Arcutis closed at $19.50 that day and then shot up 17% on Read More →
Semtech announces $1.2B Sierra Wireless acquisition
Semtech Corporation, a Camarillo-based semiconductor company specializing in Internet of Things applications, is making its largest acquisition ever, announcing Aug. 2 that it will buy Sierra Wireless for $1.2 billion. Based in Vancouver, Canada, Sierra Wireless also makes components for Internet of Things applications. “Internet of Things” refers to devices connected to the internet that Read More →
Semtech in talks to buy Sierra Wireless for $1.2B
The Camarillo-based semiconductor company Semtech Corp. disclosed Aug. 2 that it “has engaged in advanced discussions” regarding a possible $1.2 billion acquisition of Sierra Wireless, a Canadian company that makes components for the Internet of Things applications that Semtech also specializes in. Bloomberg first reported a potential deal on Aug. 1, and that day shares Read More →
SLO’s Mindbody names new CEO
Mindbody, a software firm for the wellness industry that is one of San Luis Obispo’s biggest tech companies, announced the hiring of a new CEO on Aug. 2. Fritz Lanman will take over on Sept. 3, the company said. The current CEO, Josh McCarter, will move to Mindbody’s board of directors. Lanman is currently the Read More →
Cal Poly gets nearly $40M in state funds for sustainable ag programs
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