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Weekly Newsletter

February 19th, 2025

Upcoming SoCalBio Events

Register now!

SOCALBIO Networking Mixer in Valencia

Thursday, February 27 · 4 - 7pm PST

@ HuMannity Medtech


Join us for an exciting evening of networking in Santa Clarita's vibrant life science scene. Whether you’re looking to discuss the latest Industry updates, tour HUMANNITY’s facilities, or simply expand your professional network, this is the perfect opportunity to connect! We hope to see you there! Let us know how SoCalBio can better serve your company. Registration for this event is free for SoCalBio members!

Applications Now Open for the 2025 SoCalBio Annual Investor Conference!


Showcase your company to a network of angel investors, venture capitalists, and industry leaders at the 2025 SoCalBio Annual Investor Conference. In 2024, we had over 20 investors and over 200 one-on-one meetings scheduled.


Applicants will undergo a screening process with our Innovation Catalysts Committee. Selected companies will receive complimentary admission to the conference to present, as well as early registration for 1:1 networking meetings with investors.

Apply to today!

Join us in supporting the next generation of innovators.


The SoCalBio STEM College Bound Support Initiative (CBSI) team is excited to announce that applications for our 2025 program are now open. For over 20 years, SoCalBio's CBSI initiative has supported high school STEM education statewide by providing financial awards based on scientific proposals submitted to the California Science Fair.

 

By donating to our program, you can help fund awards, plaques, and certificates for the student winners and runners-up and their high schools. Your generous support will enable us to assist even more students in pursuing STEM education.

Donate Online

News Updates

How Biotech Can Succeed Outside the Hubs  | Inc

Though most biopharma investments are in two states, follow this model to bring the research—and investments—elsewhere. 


NIH funding uncertainty spurs new biotech venture fund | TechCrunch

Earlier this month, the Trump administration directed the National Institutes of Health (NIH) to impose limits on specific types of funding it provides to research institutions.


Biotech’s legal storm: Why securities class action lawsuits are surging | LABiotech

The biotech industry faces legal challenges. In 2024, despite resilient performance, there has been a sharp rise in class action lawsuits against biotech and medtech firms.


FDA's diversity guidance now comes with warning from White House | Fierce Biotech

While the FDA’s diversity guidance for clinical trials has been temporarily restored, the page it is housed on now carries a message from the Trump administration that the guidance “does not reflect biological reality.”


Trump Firings Throw Medtech into Regulatory Uncertainty | MDDI

Mass layoffs at HHS, including deep cuts at FDA, spark concerns over regulatory hurdles for the medtech industry.


Stryker completes acquisition of Inari Medical | MassDevice

Stryker announced today that it completed its previously announced acquisition of Inari Medical. The Portage, Michigan-based orthopedic giant announced last month that it struck a deal to acquire Inari worth $4.9 billion


U.S. investors, Big Pharma race to find new medicines in China | CNBC

U.S. investors like Bain and large pharmaceutical companies like Merck are increasingly looking for new medicines in China.



Medtech firms have little to say on Trump tariffs | MedTechDive

Wall Street analysts said current tariffs should be “manageable” for the sector but cautioned that other countries may retaliate.


Fat, not muscle: drugmakers in race for next weight-loss breakthrough | Reuters

Current weight-loss methods, such as lifestyle changes, surgery, and therapies like Wegovy and Zepbound, lead to fat and muscle loss, raising fall risks and decreasing strength, particularly in older patients.

Help Shape SoCal's Life Sciences Future!

Share Your Insights

SoCalBio is collaborating with TEConomy Partners, LLC, and life sciences organizations nationwide to assess talent needs and workforce dynamics in our industry. This data is crucial for collaborating with legislators, academic institutions, and other stakeholders to develop the right talent to address your critical and competitive talent needs.


We invite you to complete a brief (~20-minute) survey. Your responses are confidential and will be aggregated with those from other bioscience companies. 


The results will contribute to a national report by the Life Sciences Workforce Collaborative (LSWC), which includes SoCalBio and other trade associations focused on building a competitive life sciences workforce. The report will be released at the BIO International Convention this June. SoCalBio will also produce a Southern California summary report to be used with legislators and other stakeholders.


Thank you for participating in this important data collection for Southern California’s life sciences industry! 

Access the Hiring Survey HERE! 

PBM legislation reintroduced in Senate

Sens. Chuck Grassley (R-IW) and Maria Cantwell (D-WA) reintroduced legislation to check practices by pharmacy benefit managers (PBMs) that artificially inflate the price of drugs.


Why it matters: PBMs act as middlemen, using their market power to drive up the prices of prescription drugs with opaque practices.


The Prescription Pricing for the People Act would require the “Federal Trade Commission (FTC) to complete a 6(b) study examining the effects of consolidation on pricing in the PBM industry, as well as other potentially abusive behavior by PBMs,” per Sen. Grassley’s office.


The PBM Transparency Act “bans deceptive and unfair pricing schemes, prohibits arbitrary claw backs of payments made to pharmacies, and requires PBMs to report to the FTC on how much money they make through spread pricing and pharmacy fees.”


Accelerated approval can speed new treatments to people who need them, but insurance coverage must improve, explained participants in a BIO Patient Advocacy Coffee Chat. Accelerated approval “translates to getting treatments to patients on average 3.2 years faster, which is huge for patients and families that are waiting for therapies. But we’ve seen a variety of coverage and reimbursement challenges,” says Karin Hoelzer, DVM, Ph.D., BIO’s Senior Director of Patient Advocacy. Patient advocates weighed in on the impact—read more on Bio.News.


Special Saving on Lab Supplies

Become a member of SoCalBio and enjoy fantastic savings on lab supplies from Avantor's extensive catalog through SoCalBio's Group Purchasing.

Learn More!

SoCalBio's Partner Events

11th Annual

American Biomanufacturing Summit

April 15-16, 2025 - San Francisco, CA


The American Biomanufacturing Summit is taking place April 15-16, 2025, in San Francisco, CA. The summit brings together over 200 biopharma and biotech executive leaders for 2 days of sessions, workshops, and networking. 

With sessions led by top biotech executives, the agenda is designed to discuss current trends, strategic insights, and best practices in key topics like manufacturing, cell and gene therapy, capacity management, quality assurance, quality control, regulatory compliance, operational excellence, supply chain and logistics. Network with your fellow biopharma leaders as we explore strategies to maximize efficiency while remaining compliant within the biomanufacturing space.


Learn more

Local Highlights

Do you have a recent scientific breakthrough, investment milestone, or commitment you would like to share? We are always looking to share our member's stories Submit your stories to scbc@socalbio.org

Oncolytics Biotech® Advances Key Pancreatic and Anal Cancer Trials, Strengthening Pipeline in 2025


New World Medical Receives 510(k) Clearance for the VIA360(TM) Surgical System, Further Advancing Innovation in Ophthalmic Surgery


Kairos Pharma Announces New Department of Defense Funding for Research of ENV205


Rancho BioSciences Announces Bristol Myers Squibb Renews Membership for Phase 2 of the Single-Cell Data Science Consortium


Targeted Genomics Receives FDA Clearance for First Direct-to-Consumer Celiac Disease Genetic Health Risk Test


Anivive Announces Completion of LAVERDIA®-CA1 Pivotal Field Study for Canine Lymphoma


European Commission Approves CSL and Arcturus Therapeutics’ KOSTAIVE®, the First Self-amplifying mRNA COVID-19 Vaccine


Evolus Announces FDA Approval of Evolysse™ Form and Evolysse™ Smooth Injectable Hyaluronic Acid Gels


NKGen Biotech Announces Publication of Phase 1 Troculeucel Clinical Trial Results for the Treatment of Alzheimer’s Disease


LIXTE Biotechnology Announces Closing of $1.05 Million Registered Direct Offering Priced At-the-Market Under Nasdaq Rules


The Stephenson Global Pancreatic Cancer Research Institute Launches First-of-Its-Kind Global Scientific Awards to Advance Breakthrough Discovery in Pancreatic Cancer


Aptose Enters into $25 Million Committed Equity Facility and Establishes New At-The-Market Facility


ImmunityBio Announces UK Medicines and Healthcare Products Regulatory Agency Accepted Marketing Authorization Application for ANKTIVA® for the Treatment of Patients with BCG-unresponsive Non-Muscle Invasive Bladder Cancer Carcinoma In Situ


NKGen Biotech Receives U.S. FDA Fast Track Designation for Troculeucel for the Treatment of Moderate Alzheimer’s Disease


Tivic Health Acquires Exclusive Worldwide Rights to Phase III TLR5 Agonist from Statera Biopharma

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