San Diego Business Journal
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San Diego Business Journal delivers the market's most complete package of business news and information on San Diego County's companies, industries, and business people. We cover commercial real estate, banking and finance, biotech, health care, technology, defense, and more.
San Diego Business Journal
23h ago
SAN DIEGO – Sateliot is building a business by connecting three promising technologies: small satellites, 5G wireless communications and the internet of things (IoT). In fact, the company name is a mash-up of two of those: satellite and IoT. Most of startup’s 53 employees are in Barcelona, Spain, but San Diego is a natural second ..read more
San Diego Business Journal
23h ago
DEL MAR – TradeSun has landed its biggest client since its launch six years ago with an agreement to provide its artificial intelligence platform to Wells Fargo. The Del Mar-based company’s technology will perform documentary credit reconciliation, compliance screening, fraud detection and other tasks in real time for the bank. “It means credibility,” TradeSun founder ..read more
San Diego Business Journal
23h ago
SAN DIEGO – Local cancer drug developer Kumquat Bio has agreed to hand over cancer-fighting drug rights to Toyko-based pharma giant Takeda Pharmaceuticals (NYSE: TAK) in exchange for up to $130 million, but the payout could hit more than a billion dollars in the future. “With our combined efforts and resources, the program will give ..read more
San Diego Business Journal
23h ago
ResMed (NYSE: RMD) last week shared stronger-than-expected Q3 earnings, posting 7% year-over-year revenue growth and operating profit up 25%. Analysts have been closely following ResMed to see what if any effect the boom in GLP-1 weight loss drugs might have on the PAP machine market. Obesity is a major driver of sleep apnea and as ..read more
San Diego Business Journal
2d ago
SAN DIEGO – The Salvation Army, in partnership with Wakeland Housing and Development Corp., is moving ahead with plans to build a $119 million complex in downtown San Diego that will provide temporary and permanent housing and services to homeless individuals and families. Named after philanthropists Ernest and Evelyn Rady, the 200,000-square-foot Rady Center at ..read more
San Diego Business Journal
2d ago
CARLSBAD – Aptera is setting its sights on bringing its solar-powered vehicles to a new, international market. The company announced last week a special accelerator program offering 53 of its three-wheel, EVs that are specially customized for customers in the United Arab Emirates. “It’s been 53 years since the union was established and we are ..read more
San Diego Business Journal
2d ago
SAN DIEGO – Escient Pharmaceuticals, a venture funded firm with headquarters in the Torrey Pines research area, has agreed to sell itself to Delaware-based Incyte (Nasdaq: INCY), the two companies announced Tuesday (April 23). Incyte will acquire Escient and its assets for $750 million plus Escient’s net cash remaining at the close of the transaction ..read more
San Diego Business Journal
5d ago
SAN DIEGO – The nonprofit that supports the San Diego State University men’s and women’s basketball programs, MESA (Mentoring and Empowering Student Athletes) Foundation, is looking to the business community to step up and help ensure the future of Aztecs basketball success. MESA Foundation is a collective dedicated to empowering student-athletes and championing their opportunities ..read more
San Diego Business Journal
5d ago
SAN DIEGO – Feeding San Diego, the nonprofit that diverts food headed for trash to the community, has expanded its on-site marketplace to offer more products to people in need. The Feeding San Diego Marketplace, located at the organization’s distribution center on Waples Street in Sorrento Valley, has grown to 690 square feet from the ..read more
San Diego Business Journal
5d ago
What is causing inflation to be so sticky right now? Post-COVID, it is now clear that higher-than-normal inflation is a direct result of multiple rounds of fiscal stimulus that flooded the U.S. economy with cash. Consumers have been all too willing to spend this money, and rising prices have provided some additional rational to buying ..read more