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Two more Peninsula IPOs tell the story of biotech’s investment boom
And then there were 15. Two Bay Area biotech companies — one that started its first clinical trial in eye diseases in July, the other a pioneer in the fledgling field of hunting down cancer via a simple blood draw — seek to raise $100 million each in the region’s 14th and 15th life sciences initial public offerings this year. It is the most life sciences IPOs in the Bay Area in a calendar year since 19 were filed in 2014. Guardant Health Inc. of Redwood City and Kodiak Sciences Inc. of Palo…
Report: Andy Rubin-backed Branch is raising a unicorn round
Redwood City-based deep-linking startup Branch is raising $129 million in a Series D funding round, which would value the company at roughly $1 billion, TechCrunch reports, citing unnamed sources. The four-year-old startup has raised $113 million to date from an impressive roster of investors, notably Andy Rubin’s Playground Ventures, Founders Fund, NEA, Greylock Partners and others. It says it powers deep links for more than 30,000 apps and 6 billion monthly users. Deep links are capable of…
Thorns begin playoff march. Are you watching?
The Portland Thorns are marching in to the playoffs on a nice season-ending roll. The NWSL’s defending champions solidly defeated their Seattle Reign rivals 3-1 Friday, clinching, effectively, home field advantage for the playoffs. Midfielder Lindsey Horan, in capping a breakout regular season, scored two goals (she scored a team record 13 during the 2018 campaign) while fellow star midfielder Tobin Heath tallied an impressive unassisted score after a crafty steal. The team, honored at the PBJ’s…
Dome Construction CEO on building for life sciences, technology, and workforce development
Mark Bley became Dome’s CEO in 2008 and the company has become known for its work as a general contractor on biotech projects. In addition to Genentech, Dome clients include Facebook and Google.
Poll: PBJ readers split on whether Nike’s Kaepernick ads will help or hurt the company
Whether one believes the value of Nike’s Colin Kaepernick ads will help or hurt the company appears, like the country itself, to be split down the middle. In a poll among Portland Business Journal readers, respondents were split evenly as to whether the ads will benefit or hurt the Oregon apparel giant. To wit: 44 percent believe the ads will help the company, 43 percent believe the ads will harm it. Another 13 percent said the ads will have no effect on Nike’s image. The poll continues through…
Trump to Apple: ‘Start building new plants now’
Cupertino-based Apple, Inc. has warned the government that prices would rise on a “wide range” of its products if President Donald Trump enacted new tariffs on $200 billion worth of Chinese imports to the U.S. Trump responded over the weekend, with what he called an “easy solution.” “Apple prices may increase because of the massive Tariffs we may be imposing on China – but there is an easy solution where there would be ZERO tax, and indeed a tax incentive,” he wrote on Twitter. “Make…
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