Tuesday, February 8, 2005
Japanese Pharmaceutical Co. Buys Syrrx for $270M
Japanese company Takeda Pharmaceuticals has purchased San Diego-based drug discovery firm Syrrx for $270M. Syrrx is developing small molecule drugs targeted at cancer and diabetes, using high-throughput screening, combinatorial and medicinal chemistry, along with computational methods. The all-cash deal helps expand Takeda's drug lineup with several drugs in both early clinical trials and preclinical trial stages. Syrrx is backed by PPD Inc and received a $25M round of funding in November of 200 (More info...)

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UC Irvine Chancellor To Head National Academy Of Sciences
Ralph Cicerone, the chancellor of the University of California, Irvine has been appointed as head of the National Academy of Sciences. Cicerone has been at the University for 16 years, and also serves as a professor of chemistry and the Daniel G. Aldrich, Jr. Chair in Earth System Science. He will start his six year term at the prestigious academy in July in Washington DC. Cicerone is known for his work on climate change and global warming, and has helped build UC Irvine into a major research un (More info...)

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Tech Coast Angels Opens Westlake/SB Arm, Shows 2004 Investments
The Tech Coast Angels has released its 2004 investment figures, saying that the angel group invested $6.56M in seed and early stage capital in 2004. The angel investment network, the most active in the Southern California area, also said that it has opened a new Westlake/Santa Barbara network headed by Gary Clark. As previously reported in socalTECH, the TCA has invested in Angstrom Pharmaceuticals, Cargotech, Ceyx Technologies, DAX Solutions, Diver Entertainment, H2Scan, LeisureLink, Luxim, Ter (More info...)

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Sony Opens US Design Center In LA
Sony has opened a new U.S. Design Center in Los Angeles, consolidating former facilities in San Francisco and Park Ridge NJ. The new design center is located in Santa Monica, and brings together all of Sony's U.S. design staff including product, graphic, and interaction teams into a single location. Sony said that it is opening the new location to take advantage of the creative community in Los Angeles, along with its proximity to Sony Pictures, Sony-BMG Music, and Sony's headquarters in San Die (More info...)

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Akonix, FrontBridge In Email Compliance Partnership
San Diego-based Akonix announced today that it has partnered with FrontBridge Technologies to offer an integrated, hosted, archiving and compliance solution for both email and instant messaging. Akonix said that its customers, particularly among the financial services industry, were looking for a management system to add instant messaging archives to email archives. The partnership now allows adding IM archives to archives stored and managed by FrontBridge. Akonix provides instant messaging arch (More info...)

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iQstor, CaminoSoft Team On ILM
Newbury Park-based iQstor and Westlake Village-based CaminoSoft said this moring that the two companies are partnering to provide enhanced information lifecycle management (ILM) and tiered storage offerings for small and medium businesses. CaminoSoft will provides its managed server HSM software in conjunction with iQstor's intelligent Fibre Channel and Serial ATA storage products. CaminoSoft's products provide hierarchical storage management for Microsoft Windows and Novell NetWare environments (More info...)

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Bell To Distribute Zetera Storage
Bell Microproducts announced yesterday that it will distribute Irvine-based Zetera's network storage products to the business market. Bell will distribute the Zetera products to the North American, South American, and European markets. Zetera provides low cost IP-based storage devices based on its own proprietary protocol. The companies expect to make the products available in the second quarter of 2005.

posted on Tuesday, February 8, 2005(Full story)

ORFID Receives UC Grant
Los Angeles-based ORFID has received a University of California Discovery Grant, the company said this monring. The new grant will support the company's development of organic electronic technology used for the manufacturing of new products such as thin-film flat panel displays, smart labels and intelligent packaging. ORFID's technology was developed in the labs of UCLA Professor Yang Yang. The company is sponsoring applied research at UCLA and receives matching grants from a program for joint u (More info...)

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