PennyMac to buy back $50 million of Class A common stock
PennyMac Financial Services announced on June 21 that it will repurchase up to $50 million of its Class A common stock. The number and timing of the purchases will depend on price, trading volume and market conditions, among other factors, the Moorpark-based company said in a statement. “We believe that the repurchase of common stock Read More →
SerImmune gets $8 million in financing from Illumina Ventures
Santa Barbara immunotherapy and diagnostic company SerImmune received $8 million in financing from San Francisco-based Illumina Ventures to expand its immune mapping platform and database. Illumina invests primarily in early-stage companies researching genomics, life science and health care. A subsidiary of pharmaceutical giant Merck also participated in the financing round, alongside other undisclosed investors. Mapping Read More →
Firestone Walker trying to expand brewing capacity in Paso Robles
The Paso Robles City Council is considering a proposal by Firestone Walker to expand its brewing capacity by taking over the former Nu-Way Cleaners location at 1385 Vendels Circle. The brewery would tear down an existing 19,000-square-foot building and replace it with a 6,300-square-foot structure and 12 fermentation storage tanks, connected to its current headquarters Read More →
Amgen asks FDA to consider new uses for Xgeva
Thousand Oaks-based biotech giant Amgen announced June 19 that the U.S. Food and Drug Administration has accepted a supplemental application for Xgeva (denosumab) that seeks to expand the currently approved indication for the prevention of fractures and other skeletal-related events in patients with bone metastases from solid tumors to include patients with multiple myeloma. “Multiple Read More →
SLO software provider MindBody hires new president
Wellness industry software provider MindBody, based in San Luis Obispo, has hired Mike Mansbach to be president of the company. Prior to the appointment, Mansbach served as president of cloud-based video and communications company Blue Jeans Network, based in Mountain View, and he spent 10 years in executive roles at regional employer Citrix Systems. Under Read More →
Report finds nonprofit arts, culture vital to Central Coast economies
Americans for the Arts released a study on June 17 that demonstrates how support of regional nonprofit arts and cultural institutions is critical to regional economies. The Washington D.C.-based nonprofit took a look at 341 communities nationwide, including Santa Barbara and San Luis Obispo counties, to measure the economic footprint of the arts in fiscal Read More →
Simi apartment project caters to millennials
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