CVS Health will not cover Amgen’s Neupogen in favor of Novartis biosimilar
Health Care & Life Science, Latest newsCVS Health will no longer cover Thousand Oaks-based Amgen’s Neupogen on its standard drug plan in 2017, favoring the biosimilar Zarxio from Novartis. CVS, which is the second largest benefits manager behind Express Scripts and also owns the largest chain of drug stores in the U.S., said Aug. 2 it will choose biosimilar drugs over Read More →
Amgen buying rights to Advaxis cancer treatment
Health Care & Life Science, Latest newsThousand Oaks-based biotech giant Amgen said it will buy the rights to develop and commercialize a cancer immunotherapy treatment Aug. 2. Under the agreement, Amgen will pay Princeton, N.J.-based Advaxis $40 million and buy $25 million worth of Advaxis common stock for the rights to develop and commercialize a preclinical cancer immunotherapy, which is designed Read More →
Lands commission sued over lease extensions for Diablo Canyon Power Plant
Energy, Latest news, Law & GovermentThe World Business Academy, a Santa Barbara non-profit think tank that lobbies for renewable energy use, sued the California State Lands Commission on Aug. 2 in state court in Los Angeles over the approval of temporary land lease extensions at the Diablo Canyon Power Plant. On June 28, the lands commission granted Diablo Canyon owner Read More →
Heritage Oaks Bank beats second quarter projections
Banking & Finance, Banking Industry, Earnings, Latest news, Tri-County Public CompaniesPaso Robles-based Heritage Oaks Bank surpassed analyst estimates on both earnings per share and revenue in its second quarter earnings. The bank reported net income of $4.2 million, or 12 cents per diluted share, for the second quarter of 2016 compared to $3.7 million, or 11 cents per share, in the second quarter of 2015. Read More →
Satellite lands at Vandenberg Air Force Base
Central Coast, Latest news, TechnologyAn earth-imaging satellite arrived at Vandenberg Air Force Base July 28 in preparation for a September launch. The WorldView-4 Satellite arrived at Vandenberg after being shipped 250 miles in a rolling mobile cleanroom from Sunnyvale. Lockheed Martin built the satellite, which will launch at about 11:30 a.m. Sept. 15 from Vandenberg’s launch pad SLC-3E. The Read More →
LTC Properties hits FFO projections, misses on revenue
East Ventura County, Latest news, Real EstateWestlake Village-based LTC Properties matched analyst projections on funds from operations but missed on revenue in its second quarter earnings. The publicly traded real estate and investment trust earned $29.2 million in FFO for the second quarter, up 22 percent from $24 million for the comparable 2015 period. That matched analyst expectations of 77 cents per diluted Read More →
Land O’Lakes completes Ceres acquisition
Agribusiness, Latest news, TechnologyMinneapolis-based Land O’Lakes completed its acquisition of Thousand Oaks-based ag-biotech company Ceres on Aug. 1. On June 17, Land O’Lakes, an ag and food conglomerate that had $13 billion in sales in 2015, announced it would buy Ceres for $17.2 million. For about two decades, Ceres had been devoted to developing biofuels using crops like Read More →
