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Amgen to buy biotech startup TeneoBio

By   /  Tuesday, July 27th, 2021  /  Banking & Finance, Biotech, East Ventura County, Latest news, left, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen to buy biotech startup TeneoBio

Amgen announced July 27 that it plans to buy a privately held Bay Area biotech company called TeneoBio in an all-cash deal worth as much as $2.5 billion. The deal is expected to close in the second half of this year and calls for Amgen to pay $900 million up front for all outstanding shares Read More →

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Takeda expansion is latest coup for Conejo Valley pharma industry

By   /  Thursday, July 22nd, 2021  /  Biotech, East Ventura County, Latest news, left, Technology, Top Stories, Tri-County Economy  /  Comments Off on Takeda expansion is latest coup for Conejo Valley pharma industry

Takeda Pharmaceuticals, a Japanese company with major operations in the Conejo Valley, will expand its facility in Thousand Oaks, investing $126 million to build out the manufacturing operations to support new product lines. The Takeda team, alongside the mayor of Thousand Oaks, Claudia Bill-de la Peña, is scheduled to hold a groundbreaking ceremony for the Read More →

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Biotech’s movers and shakers gather for BioMedley

By   /  Thursday, June 17th, 2021  /  Biotech, Central Coast Health Watch, East Ventura County, Latest news, Subscriber content, Top Stories, Tri-County Economy  /  Comments Off on Biotech’s movers and shakers gather for BioMedley

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Thousand Oaks biotech firm closes $140M funding round

By   /  Thursday, April 29th, 2021  /  Biotech, East Ventura County, Latest news, Startups, Technology, Tri-County Economy  /  Comments Off on Thousand Oaks biotech firm closes $140M funding round

Capsida Biotherapeutics, a biotechnology startup based in Thousand Oaks, announced April 29 that it is emerging from “stealth mode” with a $140 million funding round led by Westlake Village BioPartners and Versant Ventures. The Series A round includes $50 million from Westlake Village BioPartners, a venture capital firm in Thousand Oaks focused on biotech startups Read More →

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Amgen to buy cancer treatment biotech firm for $1.9B

By   /  Thursday, March 4th, 2021  /  Banking & Finance, Biotech, East Ventura County, Latest news, middle, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on Amgen to buy cancer treatment biotech firm for $1.9B

Thousand Oaks-based Amgen, one of the biggest biotech companies in the world, will get bigger with the $1.9 billion acquisition of Five Prime Therapeutics, a clinical-stage biotech company developing stomach cancer therapies. Amgen announced the acquisition March 4 and the deal is expected to close by the end of the second quarter of 2021. Under Read More →

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MannKind stock dips on report of 2020 losses, but company touts fourth quarter comeback

By   /  Thursday, February 25th, 2021  /  Banking & Finance, Biotech, Central Coast Health Watch, Earnings, East Ventura County, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on MannKind stock dips on report of 2020 losses, but company touts fourth quarter comeback

MannKind Corp. struggled during 2020, but impressive financial results from its final quarter could be a sign of good things to come for the Westlake Village biotech company. MannKind, which develops drugs and treatments for those suffering from diabetes and pulmonary arterial hypertension, reported a net loss of $57.2 million in fiscal year 2020, up Read More →

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‘Golden age of biotechnology’ comes to Conejo Valley

By   /  Friday, December 18th, 2020  /  Banking & Finance, Biotech, East Ventura County, Latest news, Startups, Subscriber content, Technology, Top Stories, Tri-County Economy  /  Comments Off on ‘Golden age of biotechnology’ comes to Conejo Valley

Westlake Village BioPartners has launched two new funds worth a total of $500 million, bringing the total raised by the firm to more than $820 million since it was founded in 2018.

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