How MannKind Would Change How They Conduct Clinical Trials in the Future
As the nation's top health officials worked to assure Congress they can halt the spread of the Ebola virus in the U.S., Santa Clarita-based UltraViolet Devices Inc., and its partner The Clorox Company, is busy fielding calls for help.
SCVBJ: Economically speaking, why is the biomedical industry important to California and why should it be protected?
September 30 marked the deadline for Gov. Jerry Brown to either sign or veto the legislation that managed to reach his desk. With the state of California fighting to recover economically, this date offered a chance to either expedite or hinder the process of reaching stability. Predictably, the Governor's bill signing frenzy this year was no exception to the passage of well-intentioned but ridiculous bills in years past.
Many executives including those who lead human resources often state, "Our employees are our greatest asset." In many companies, employees are the business.
The changing environment of health care via the Affordable Care Act (ACA) and the expansion of Medicaid grab the headlines, and rightly so. These efforts have a major impact on the financing and delivery of health care. Nationally, the impact on hospitals appears to be slightly positive as the payments available for the previously uninsured reduce the bad debts and charity care historically provided.
Providence Health & Services has launched a venture capital fund aimed at driving innovations across the health care system to improve quality, lower costs and create better outcomes, the healthcare organization announced.
Auto manufacturer Audi was the first company to receive a newly created autonomous driving permit issued by California as a new set of regulations governing the testing of automated driving on the state's roads took effect.
Inspired by his sister's serious, and undiagnosed, medical condition, Jared Heyman founded CrowdMed, a venture-backed Silicon Valley startup which harnesses the wisdom of crowds to help solve even the world's most difficult medical cases.
Seizing on a golden opportunity to bring additional support to the region's biomedical industry, the Santa Clarita Valley Economic Development Corp. is going after a federal Science and Research Park Development Grant from the U.S. Department of Commerce and Economic Development Administration.
We ask Matt Ridenour, investor, lecturer at UCLA Anderson School of Management, and CEO of ZevTechnologies why seed money and early stage funding is so difficult to come by for biomedical startups.
The SCVBJ invited some local biomedical companies to an industry Roundtable to understand how the industry has evolved and what challenges it faces.
SCVBJ: What has the office market looked like in the past couple years?
SCVBJ: What year was J. David's Custom Clothiers founded?
Lance Lerman, co-owner of LsL Instruments didn't intend to move his company to Santa Clarita until his co-owner and wife, Lisa, forced him to look at a building in the area.
The 181,025 square foot Mann Biomedical Park in Valencia and 612,075 square foot Sylmar Biomedical Park were sold to Santa Clarita general contractor/developer Dale Donohoe of Intertex Companies, in partnership with Oaktree Capital Management, in one of the largest deals in Southern California. The biomedical parks are home to companies like Boston Scientific, Bioness, and the Alfred Mann Foundation in Santa Clarita; and Second Sight and Quallion in Sylmar. While terms of the deal weren't disclosed, industry experts pegged the value of the deal at somewhere north of $100 million.
Calvin Hedman, Founder of accounting and middle-market advisory firm Hedman Partners
Construction of a new six-story tower is being planned for the campus of the Henry Mayo Newhall Hospital in Santa Clarita, said an executive for the hospital. The growth of the area demands more capacity at a hospital that is some days at capacity, he said. To be built near two existing buildings, and connected by corridors, all of the primary hospital buildings on the campus including the new tower will become like one building.
The success of Princess Cruises' early days hinged on a world's fair and a TV show. And the founder of the Santa Clarita cruise line, Stan McDonald, won both bets on the risks he took to launch the company. In honor of its 50th anniversary, Princess Cruises was scheduled to sail down Colorado Blvd. in Pasadena with its first float ever in the 2015 Rose Parade.
Valencia Technologies is a pioneer on the medical device front in more ways than one. The Santa Clarita-based company is challenging conventional treatment assumptions, allowing it to innovate a smaller device to treat hypertension. And under new federal rules it is laying all its cards on the table to attract investors for its next step of conducting U.S.-based clinical trials – a possibly risky move, but one more companies will are expected to adopt.
Crissair Inc. recently relocated from Palmdale to Santa Clarita after completing its merger with Canyon Engineering Products and finalizing tenant improvements at its new facility in Valencia.
Santa Clarita was on track to break another record for filming in 2014; the fifth consecutive year it has broken film records – which bodes well for 2015 local experts say.
If projections hold true, 2015 is expected to be a strong year for job growth in Santa Clarita. And based on the activity from employers in Santa Clarita and from around the region, 2015 should be outstanding for job growth, said Keri Aaver, Director of WorkSource Center.
2015 will be a pivotal year for California manufacturing. There is a feeling of "cautious optimism" among California's manufacturers, and rightfully so. The manufacturing community has made gains in job growth and expansion, but more must be done to build upon that momentum and to strengthen our industry. Here are some key ways manufacturing will evolve in 2015:
Vince Lombardi, the man who coached the first two winning NFL Super Bowl teams, gave a speech many years ago known today as "What It Takes to be No. 1."
The Valley Industry & Commerce Association (VICA) was founded in 1949 as the Industrial Association of the San Fernando Valley. The Valley in those days was nothing like the highly populated swath of land that joins the 101 and 405 freeways it is today. In fact, there were no Valley freeways then. The region was rural – mostly farms, orchards and ranches.
You may have already noticed petition gatherers buzzing around grocery stores, asking for your signature to undo the historic statewide plastic bag ban signed into law just weeks ago by California Gov. Jerry Brown. The ban received support from a broad coalition of industry, labor, and environmental groups.
The Great Wall of China can be seen from space. It's an impressive display of what can happen when a goal is set and resources are allocated and executed.