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Join SoCalBio leaders to promote the biotech, medtech and digital health industries in Los Angeles, Orange County and neighboring communities for job creation and overall economic growth. SoCalBio has nearly 400 corporate members and sponsors.
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March 14, 2019

SoCalBio Mourns the Loss of Mr. Roy Doumani, an Entrepreneur,  Philanthropist , and Educator
SoCalBio is saddened by the passing away of our dear friend Mr. Roy Doumani of the UCLA Business of Science Center. Roy was a staunch advocate and booster of the Los Angeles bioscience community. He was a quiet but forceful driver of change at UCLA to encourage more life-science entrepreneurial activities to help develop life-saving products. For more than twenty years, he helped create and fund numerous UCLA spin-offs, including Agensys, Neural Analytics, Momentum Biosciences, Spinal Singularity, Trethera Corp., NeuCures, Inc., and Kite Biopharma. He was a kind and caring person who should always be remembered as one of Los Angeles' Biotech Heroes. We will always miss him. 


Headlines
Events
SoCalBio MixerMixer

SoCalBio Networking Forum
Raising Capital for your Business
Hear from Entrepreneurs who Saw Success in Fund-Raising
Thursday, March 28, 2019 from 4:00 PM to 7:00 PM 
Broad CIRM Center at USC Health Sciences Campus 
Annual SoCalBio ConferenceAnnualConference
Presentation, Sponsorship and Exhibiting Opportunities Available.
Send email to scbc@socalbio.org
NIHNIH
Will NIH See Budget Cuts in 2020?

FierceBiotech says President Trump's budget proposals for 2020 seek significant cuts for the National Institutes of Health (NIH) and the National Science Foundation (NSF). " The plan is allocating $35.4 billion for the NIH-estimated to be somewhere between $4.5 and $6 billion less than in the current financial year-and is accompanied by other cuts including a $1 billion reduction for the NSF."
FierceBiotech
CIRMCIRM
Will California Voters Approve a $5 Billion Bond on November 2020 to Keep the California Institute of Regenerative Medicine Alive? 

California Stem Cell Report says that the California stem cell agency expects to run out of cash by the end of this year. It is hoping that voters will approve, in November of 2020, another $5 billion to carry on with its 14-year-old program. It is a pretty big ask, but the agency's boosters are counting on one factor that may tip voter sentiments in favor of passing the new stem cell proposition. Read the report to know more.
Digital Health Conferencedigital
Presentation, Sponsorship and Exhibiting Opportunities Available. 
Send email to  scbc@socalbio.org
ImmunotherapyNantCell

NantCell Reports a New $30 Million Round of Funding


The Culver City-Based biotech is developing an immunotherapy platform to treat different types cancer.  This round of funding was reported today on the SEC  Form D.
ElectrophysiologyBioSig
Santa Monica-Based BioSig Technologies, Inc. Closed an $8.6 Million Private Placement

BioSig is developing a novel cardiac signal acquisition and display system which is engineered to assist electrophysiologists in clinical decision-making during procedures to diagnose and treat patients with abnormal heart rates and rhythms
CardiovascularADAGIO
Laguna Hills-Based Adagio Medical Raises $7 Million

Adagio Medical is developing and producing ultra-low temperature cryoablation catheters intended to create endocardial, continuous, transmural lesions on the heart
Community Eventcommunity
Coming Tomorrow
SoCalBio Member Companies Interested in Capital Raising Are Invited to
Biotech Investor Happy Hour 
March 15, from 5 to 7 PM 
18 Social Lounge, Hotel Indigo in Downtown LA

This is a courtesy invitation from InSitu Biologics to attend this reception which is supported by SoCalBio and CLSA. Meet the experts of Regulation A+ -- equity Crowdfunding -- a new way for investors to invest in private companies. Learn what makes Regulation A+ an attractive investment opportunity, legal implications, and more. Plus, network with other local companies and investors alike.
Multiple MyelomaMyloma
West Hollywood-Based OncoTracker Expands Multiple Myeloma Intellectual Property

OncoTracker announced an  agreement with the Institute for Myeloma and Bone Cancer Research to acquire worldwide rights to the Institute's intellectual property regarding both diagnostic testing and a new therapeutic approach for treating Multiple Myeloma patients.
Imaging Modulated
After seeing success in raising capital, Modulated Imaging (an alumnus of the SoCalBio Conference) recently moved to a larger headquarters (2400 Barranca in Irvine, CA); expanded its sales, marketing, engineering, and clinical applications teams; and changed its name to Modulim.
SoCalBio Member Benefitgrouppurchasing
Save on Purchases on Clean Room Services from

SoCalBio member companies enjoy s ubstantial savings and benefits including
  • 30% to 50% Cost Savings
  • UniClean assumes total responsibility for rental program administration
  • Flat Rate Program to aid in alignment with budget
  • Consistent Merchandise Quality for Life
  • Standard Grading Criteria per IEST-RP-CC003.4
  • All garments and accessories are processed to exact customer specifications
  • All administrative and maintenance functions are managed, mitigating customers' up-front investments and the continuous need to track inventory


To enroll, contact 
SoCalBio , at 800-418-7079 ext 3 or send email to
M&As edwards
Edwards spent $35 million for the exclusive right to acquire Corvia Medical Inc. of Tewksbury, Mass, which has an InterAtrial Shunt Device  designed to slow the progression of heart failure. Additionally
Edwards assets of Mitralign Inc.. a company that makes a system to treat mitral and tricuspid regurgitation.
About SoCalBio
 
SoCalBio Logo3 SoCalBio membership links you to partners, contract manufacturers, regulatory and legal experts, and policy makers. The organization's programs help emerging biotech and medical device companies grow. Membership is affordable -- as low as $500 -- and offers access to networking opportunities, advocacy, discounts through our group purchasing program group purchasing program and other benefits you simply can't find elsewhere ... Join SoCalBio