CalAmp reports revenue decline but net income up
Information technology company CalAmp reported on Sept. 28 a slight drop in revenue for its second quarter but a dramatic increase in net income, bringing in $12.2 million, or 34 cents per share. The company, which has operations in Oxnard, brought in $89.8 million during the quarter, down slightly from $90.5 million in the second Read More →
Amgen settles with AbbVie over Humira biosimilar
Thousand Oaks biopharmaceutical giant Amgen announced Sept. 28 that it had reached a settlement with Chicago-based competitor AbbVie, which had sued to block Amgen’s Humira biosimilar Amjevita. The rheumatoid arthritis and inflammation treatment received U.S. Food and Drug Administration approval in September of 2016, but sales were blocked when AbbVie filed a patent infringement claim Read More →
Amgen agrees to develop biosimilars for Chinese market
Increasing its global footprint in the biosimilars market, Amgen announced Sept. 26 that it had formed an exclusive co-development agreement with Chinese drug manufacturer Simcere Pharmaceutical Group. The agreement aims to bring four oncology and inflammation biosimilars in Amgen’s portfolio to commercialization in China. The Thousand Oaks-based biotechnology company will produce and submit approval applications Read More →
Amgen reaffirms earnings outlook after hurricane hits Puerto Rico
After reviewing the impacts to its Puerto Rico manufacturing facility from Hurricane Maria, Thousand Oaks biotech giant Amgen reaffirmed its earnings outlook Sept. 25 and said that outreach to impacted staff was ongoing. The storm did not damage any product or in-process inventory at the plant, and the company said it did not expect any Read More →
Simi Valley unveils solar array to power municipal facilities
The Simi Valley Police Department unveiled a new rooftop solar array and solar canopy parking structures that are expected to net it $15.5 million in savings over the next 20 years. The project will provide renewable energy to a third of the city of Simi Valley’s municipal facilities, the city announced after a ribbon cutting Read More →
Cal Poly SLO gets $500,000 grant to fund startup development
The Cal Poly San Luis Obispo Center for Innovation and Entrepreneurship received $500,000 to fund startup development in the county as part of an effort to mitigate job losses from the proposed closure of the Diablo Canyon nuclear power plant. U.S. Rep. Salud Carbajal, D-Santa Barbara, announced on Sept. 18 that the Department of Commerce’s Read More →
Tri-county biotech companies targeting quality of life
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