Looking the part: Launchpoint finds new home to showcase growing business
It has been a few years since Launchpoint Electric Propulsion Solutions struck out on its own, being spun out of the now-defunct Launchpoint Technologies, but now, the company is ready for takeoff. Launchpoint EPS moved into its new facility at 320 Storke Rd. in early August, upping its presence in the region for the new Read More →
FTC settles lawsuit, paves way for Amgen’s $28B purchase of Horizon Therapeutics
The Federal Trade Commission entered into a consent agreement with Amgen and Horizon Therapeutics, clearing the way for Amgen’s $28 billion acquisition of Horizon to go through. Announced on Sept. 1, Amgen agreed to not use its drug list to inhibit competition for Tepezza and Krystezza, which are Horizon’s biggest two drugs and the only Read More →
Mid-size companies expect growth despite economic hurdles
As part of a weekly partnership with KEYT, co-managing editor Jorge Mercado spoke with KEYT anchors Scott Hennessee and Beth Farnsworth to discuss this story. The link to the interview is here. Despite economic challenges and regulatory hurdles, Santa Barbara-based Aptitude Medical knows it’s on the cusp of hitting its potential, and it’s that knowledge Read More →
FTC pauses suit against Amgen on $28B acquisition
This article is only available to Business Times subscribers Subscribers: LOG IN or REGISTER for complete digital access. Not a Subscriber? SUBSCRIBE for full access to our weekly newspaper, online edition and Book of Lists. Check the STATUS of your Subscription Account.
Federal funding allocated to disaster recovery efforts
The Central Coast will receive a financial boost to its disaster recovery efforts, after the federal government announced it would be allocating $115 million to the state of California on Aug. 25. That money is to aid recovery efforts brought upon by the storms that ravaged the Central Coast in January. Secretary of Housing and Read More →
Cottage Health receives largest donation to create new center
The Santa Barbara Cottage Health Foundation received a $50 million donation, the single largest gift in Cottage’s 135-year history, from philanthropists Mary and Richard Compton, the hospital recently announced on Aug. 22. In total, the Comptons have donated $65 million to support medical excellence and innovation at Cottage Health. The couple, who live in Santa Read More →
AppFolio lays off 9% of workforce in second round of 2023 cuts
AppFolio CEO Shane Trigg announced that the company would be firing 9% of its workforce, or 149 employees, effectively immediately, he wrote in a letter sent out to employees on Aug. 17. The letter, filed with the U.S. Securities and Exchanges Commission, said the company’s lack of profitability hurt “our ability to achieve our potential.” Read More →
