Community West Bank names new president
Goleta-based Community West Bancshares announced Oct. 4 that William Filippin, a 26-year banking industry veteran, has been promoted to president of Community West Bank. Filippin’s responsibilities include day-to-day decisions about policy, procedure and process, according to a news release from Community West Bancshares. He began his new role on Oct. 1. “Bill’s strategic contributions over Read More →
Calavo shares down amid turnover and uncertainty
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Tech Briefcase: Interlink expands in Scotland; Arcutis gets patent; Marcus & Millichap hacked
Interlink Electronics, an Irvine-based sensor manufacturer with its research and development hub in Camarillo, announced Sept. 23 that it plans to expand its European presence with a new engineering team in Scotland. The new team will start with five engineers and will be located near the University of Strathclyde in Glasgow. To support the group, Read More →
Olaplex shares jump 17% after $1.6B IPO
NOTE: This article was originally posted at 11:30 a.m. and updated after the markets closed at 1 p.m. PDT to reflect Olaplex’s closing price. The Montecito-based hair care products company Olaplex’s stock began trading on the Nasdaq on Sept. 30, opening at $21 and shooting up to $24.50 by the end of the trading day. Read More →
Olaplex ups IPO price, hopes to raise almost $1.5B
The Montecito-based hair care products company Olaplex upped the projected share price of its planned initial public offering on Sept. 28 and now expects to raise as much as $1.46 billion. Olaplex now plans to price its upcoming IPO at $17 to $19, it said in a filing with the U.S. Securities and Exchange Commission, Read More →
Procore makes its biggest acquisition yet
Procore Technologies announced its first acquisition since going public in May, and it’s the largest one in company history. The Carpinteria-based construction software company said on Sept. 22 that it is purchasing Levelset, a New Orleans-based construction software company, for $500 million: $425 million in cash and $75 million in the form of Procore common Read More →
Amgen wins patent case
Thousand Oaks-based Amgen had a big win in court on Sept. 20, as a federal court in New Jersey upheld multiple Amgen patents for its psoriasis treatment, Otezla. Amgen filed a patent infringement lawsuit earlier this year against two companies, Sandoz and Zydus Pharmaceuticals, claiming that their generic versions of Otezla infringed upon at least Read More →
