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 →
Women & Co. panel: Life-stages investing
Welcome to our Women & Wealth Focus Panel, a new report from the Business Times. We’ve had such a strong response to our Spring and Fall forecasts that we decided to add a focus report that gives the opportunity for female leaders throughout the financial industry here on the Central Coast to provide insight and 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 →
Verifying status of immigrants vexes farmers
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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 →
Update: The Trade Desk shares plummet 38% after Q2 earnings
Editor’s note: This story was updated on Aug. 8 to reflect The Trade Desk’s share price at close of day. Shares of The Trade Desk, an advertising tech company based in Ventura, fell as much as 29% in after-hours trading on Aug. 7 following the company’s announcement of its second-quarter earnings. Shares fell even lower Read More →
Portfolio watch
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