FDA accuses Amgen of misleading advertising
The U.S. Food and Drug Administration tagged Amgen with a letter July 7 that says the Thousand Oaks biotech firm made “misleading claims” in advertisements for its drug Neulasta, by suggesting it is more effective than biosimilar competitors. Neulasta is a prescription medication used to reduce infection risk from febrile neutropenia (a low level of Read More →
Santa Barbara city administrator will leave post in September
Santa Barbara City Administrator Paul Casey is stepping down from his role on Sept. 10. The city announced his decision July 16. Casey has been with the city of Santa Barbara for 24 years, according to the city’s news release, and in that time has worked on the passage of Measure C, managing the city’s Read More →
Region’s unemployment rate grew in June
Unemployment rates in the tri-county region crept back up in June, as the growth in jobs wasn’t enough to keep pace with an increase in people looking for work. The combined unemployment rate across Ventura, Santa Barbara and San Luis Obispo counties was 6.2% in June, up from 5.6% in May, according to data released Read More →
Santa Barbara property manager charged with embezzlement
A property manager in Santa Barbara has been charged with felony embezzlement of his clients, the Santa Barbara County District Attorney’s Office announced July 15. Adam Michael Pirozzi, 40, faces charges of embezzlement, elder abuse and money laundering, as well as a white collar crime enhancement because he is accused of taking more than $500,000. Read More →
Tri-Counties will get 1,000 new vehicle charging stations
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Impact raises $150M, plans 2022 IPO
Note: This article was updated July 15 to include an interview with Impact’s CEO. Impact Technologies, a cloud software company based in Santa Barbara, announced a $150 million round of venture capital funding on July 13 and is planning an initial public offering in early 2022, CEO David Yovanno told the Business Times. With the Read More →
Income up at Community Bank of Santa Maria
Community Bank of Santa Maria saw its net income rise more than 35% for the most recent quarter as total assets, deposits and net loans all increased. In a July 13 earnings statement, the bank reported net income of $1.44 million for the quarter ended June 30, 36.1% higher than the same quarter of the Read More →
