PBS Biotech secures $17 million in follow-on round
One year after the company raised $22 million in financing, Camarillo-based PBS Biotech secured another $17 million in follow-on growth capital from Avego Management and BroadOak Capital Partners. Announced Jan. 6, the investment will help accelerate PBS Biotech’s new product innovation, process development services, and quality system improvements, further advancing the cell therapy industry and helping their Read More →
George Leis, Montecito Bank’s president and COO, retires
George Leis, the president and chief operating officer at Montecito Bank & Trust, announced that he would be retiring effective immediately, according to a Jan. 3 press release from the bank. Leis, who first joined Montecito Bank & Trust in those roles in 2016, said that during his time at the bank, he was able Read More →
Inogen’s newest respiratory device gains FDA clearance
Goleta-based Inogen, a medical technology specializing in the manufacturing of portable oxygen containers, announced Dec. 30 that it had received U.S. Food and Drug Administration clearance for the Simeox 200 Airway Clearance Device. The clearance helps expand the company’s ability to market and meet the various needs of patients with chronic respiratory diseases in the Read More →
Tri-County unemployment rate remains unchanged in November
For the second straight month, the unemployment rate along the Central Coast didn’t see much change, according to the latest data from the California Employment Development Department. Released Dec. 20, the unemployment rate of the tri-counties was at 4.36% for the month of November, the same unemployment rate the Central Coast saw in October and up slightly Read More →
Mackenzie Scott donates $10M to area nonprofits
Philanthropist Mackenzie Scott donated another $2 billion of her own wealth on Dec. 18, $10 million of which found its way to nonprofits based on the Central Coast. Scott, who was formerly married to billionaire Amazon Founder Jeff Bezos, has now donated roughly $19.2 billion since 2019. She is still worth over $31 million according Read More →
AI making CRE firms more efficient
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Paso Robles-based Pearce Services acquires Unified Power
Paso Robles-based Pearce Services will become one of the largest independent service providers for power continuity solutions in the United States after announcing it has acquired Unified Power on Dec. 18. “The acquisition of Unified Power marks a significant milestone in our company’s history,” Michelle Edler, CEO of Pearce Services, said in a press release. Read More →
