Sun Pharmaceutical Industries has unveiled positive results from two Phase 1 studies assessing the safety, tolerability, pharmacokinetics, and pharmacodynamics of GL0034, a novel long-acting GLP-1 receptor agonist, in non-obese and obese adults without diabetes. The findings will be presented in poster sessions at the American Diabetes Association’s 83rd Scientific Sessions in San Diego. One of […]
Worldwide Produce, a portfolio company of Sole Source Capital, has acquired Left Coast Food Company, a frozen food goods and dry goods distributor in the greater San Diego area. The financial details of the deal were not revealed. The San Marcos, California-based Left Coast Food Company is the fifth acquisition of Worldwide Produce since it […]
Meriplex, an American managed IT and security solutions provider, has acquired CPI Solutions, a managed service provider based in Southern California, for an undisclosed price. CPI Solutions has been an IT and cybersecurity managed services provider for nearly 40 years serving businesses across Los Angeles, Orange, Ventura, and San Diego counties. The company offers customized […]
BorgWarner, an American automotive supplier listed on the New York Stock Exchange (NYSE), has acquired Rhombus Energy Solutions, in a deal worth up to $185 million. Rhombus Energy Solutions, which is based in San Diego, provides vehicle-to-grid (V2G) and Underwriters Laboratory-certified charging. The company supplies its charging technology to EV original equipment manufacturers (OEMs) such […]
Bionano Genomics (BNGO), a genome analysis company, has agreed to acquire BioDiscovery, a California-based software company engaged in providing solutions for analysing, interpreting, and reporting genomic data. The purchase price for the clinical genomics software provider could be up to $100 million, in the form of equity and cash. A part of the equity is […]
City Office REIT has signed two separate agreements to divest its life science portfolio, comprising all its holdings in the Sorrento Mesa submarket of San Diego, for a total sum of $576 million. The US-based real estate company did not disclose who the buyers are. According to City Office REIT, the northern portion of the […]
PerkinElmer has signed a cash and stock deal worth around $5.25 billion to acquire BioLegend, a California-based antibodies and reagents manufacturer. BioLegend caters to academic and biopharmaceutical customers in high-growth areas like cytometry, multiplex assays, proteogenomics, recombinant proteins, bioprocessing, and magnetic cell separation. The deal is the biggest ever for PerkinElmer to date. BioLegend, which […]
Thermo Fisher Scientific has agreed to acquire California-based point-of-care molecular diagnostic company Mesa Biotech in a deal worth up to $500 million. The consideration includes nearly $450 million in cash and an additional amount of up to $100 million, which will be subject to Mesa Biotech achieving certain milestones post-acquisition. The molecular diagnostic company has […]
Arthur J. Gallagher & Co., an Illinois-based insurance brokerage, risk management and consulting services firm, has acquired AWIS Group, a wholesale insurance broker based in San Diego, for an undisclosed price. Established in 2005, AWIS Group provides a variety of commercial coverages and also high-net-worth personal lines, mainly via insurance agencies based in California. The […]
US bank holding companies Enterprise Financial Services (EFSC) and Seacoast Commerce Banc (SCBH) have signed a $156 million worth deal to create a leading small business administration lender (SBA lender) in the country. As per the terms of the all-stock deal, Enterprise Financial Services will acquire Seacoast Commerce Banc for $15.8 per share. The combined […]