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MannKind reports higher revenue, lower losses in Q3

By   /  Wednesday, November 10th, 2021  /  Banking & Finance, Biotech, Earnings, East Ventura County, Latest news, right, Technology, Top Stories, Tri-County Economy, Tri-County Public Companies  /  Comments Off on MannKind reports higher revenue, lower losses in Q3

MannKind Corp. reported a substantial rise in revenue and a shrinking net loss in the third quarter of 2021 on Nov. 9, despite news since the quarter ended that the U.S. Food and Drug Administration will not yet approve a hypertension treatment the company is developing with United Therapeutics. MannKind, a Westlake Village-based biotechnology company Read More →

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PennyMac Financial reports profit while investment trust records loss in Q3

By   /  Friday, November 5th, 2021  /  Banking & Finance, Banking Industry, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on PennyMac Financial reports profit while investment trust records loss in Q3

Westlake Village-based PennyMac Financial Services saw its net income drop in the third quarter compared to the year before, but officials reported “exceptional financial performance” in other areas in earnings released Nov. 4. The mortgage lender and loan servicer reported net income of $249.3 million in the third quarter, or $3.80 per share on a Read More →

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Energy storage firm puts another $100M in venture capital in its vault

By   /  Friday, September 3rd, 2021  /  East Ventura County, Energy, Green Coast, Latest news, Subscriber content, Technology, Top Stories, Tri-County Economy  /  Comments Off on Energy storage firm puts another $100M in venture capital in its vault

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Rent-a-robot: inVia finds its niche with robotics-as-a-service model

By   /  Friday, August 13th, 2021  /  East Ventura County, Latest news, Subscriber content, Technology, Top Stories, Top Story, Tri-County Economy  /  Comments Off on Rent-a-robot: inVia finds its niche with robotics-as-a-service model

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Westlake Village robotics firm closes $30M funding round

By   /  Thursday, July 29th, 2021  /  East Ventura County, Latest news, Startups, Technology, Tri-County Economy  /  Comments Off on Westlake Village robotics firm closes $30M funding round

InVia Robotics, a Westlake Village-based warehouse automation solution company, secured $30 million in a Series C funding round announced July 28, led by M12, Microsoft’s venture fund, and Qualcomm Ventures. To date, inVia has raised $59 million in funding. With this investment, inVia said it plans to extend its products’ reach and operational support in Read More →

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Westlake Village office sale tops $80M

By   /  Tuesday, July 27th, 2021  /  East Ventura County, Latest news, middle, Real Estate, Top Stories, Tri-County Economy  /  Comments Off on Westlake Village office sale tops $80M

Westlake Park Place I, a five-building office campus in Westlake Village, sold recently for $80.8 million — the highest sale price for an office building in Ventura County in 2021. The buyer was a partnership between Amstar and Searles Property Group, and the seller was Invesco Real Estate. Westlake Park Place I started construction in 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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