Freedom Designs to shut down Simi location, lay off 70 employees
Freedom Designs, a medical supply store with a location in Simi Valley, will be shuttering its doors by June 1, 2026. In a filing with the state’s Worker Adjustment and Retraining Notification, Freedom Designs said it will be closing its operation at 2241 Madera Rd. on or around June 2026 and laying off 70 employees Read More →
MannKind expands pipeline with $350M acquisition
Westlake Village-based MannKind Corporation is expanding its pipeline by acquiring scPharmaceuticals, a Massachusetts-based biotech company that specializes in cardiorenal medicine, for $360 million, or $5.35 per share. Announced before the markets opened Aug. 25, MannKind shares ticked up about 1% in pre-market trading. Shares ultimately settled at $3.90 on Aug. 25, about 3.1% down. Shares Read More →
Atara shares up behind slew of good news, earnings
Shares of Thousand Oaks-based Atara were seemingly in free-fall mode for much of the year, but over the past month, the company has racked up the wins and analysts and investors are taking note. Most recently, Atara, a biotechnology company with two facilities in Thousand Oaks, announced its earnings results for the second quarter of Read More →
Velocity Financial announces dual listing on new Texas stock exchange
Westlake Village-based Velocity Financial, a leader in investor real estate loans, announced Aug. 13 that it will be one of the founding members of the new electronic equities exchange, NYSE Texas. Its common stock will be dual listed on the new exchange, headquartered in Dallas. Velocity will maintain its primary listing on the New York Read More →
MannKind inks $500M financing agreement with Blackstone
Westlake Village-based MannKind Corporation is receiving some extra help to advance some of its short and long-term growth strategies. Announced Aug. 6, MannKind, a biotech company focused on inhaled therapeutic products, entered into a financing agreement worth up to $500 million with Blackstone, the world’s largest alternative asset manager, with more than $1 trillion in Read More →
Amgen earnings strong, stock dips as investors await MariTide news
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Gallegly seeks dismissal of lawsuit against CLU
A motion to dismiss the 2021 breach of contract lawsuit against California Lutheran University and former presidents Chris Kimball and Lori Varlotta has been filed Ventura County Superior Court, by attorneys for former Congressman Elton Gallegly (R-Simi Valley). The filing could be a precursor to a settlement in the case, a stated goal of CLU Read More →
