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What’s Inside: Insights From Our Greater LA Executive Director; UCLA’s New Research Center; Pasadena Zoning Changes; Annual Global Life Science Partnering and Investor Conference; and more.
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A Letter From Our Greater LA Executive Director
As we kick off 2024, we reflect on the ecosystem wins we witnessed in 2023 and gear up for the exciting developments on the horizon. Thank you to our members, academic partners, policy champions, and industry stakeholders. The strength, resilience, and growth that we have experienced is because of your willingness to come together as an industry. With this approach, we are seeing a breakdown of both perceived and real barriers for innovation and investment, setting the stage for a very exciting year. We look forward to keeping up this momentum and achieving even greater heights together in 2024!
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Welcome New Greater Los Angeles Members
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Featured Member News
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UCLA’s New Research Center Could Boost Biotech in LA
University of California, Los Angeles recently announced the purchase of a former mall for the purpose of establishing a new biotech hub. The property will be the new home to two research organizations: the UCLA Center for Quantum Science and Engineering and the newly created California Institute for Immunology and Immunotherapy at UCLA. The $700 million deal, $500 million of which was funded by the state of California, has the potential to attract more research and life science companies to the region.
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Pasadena Approves Zoning Changes Initiated by Biocom California
Pasadena City Council voted in favor of a package of land use zoning changes aimed at expanding and attracting the life science industry. The revised regulations include greater allowances for building heights and use of roof space, removing distinctions between office and non-office uses for R&D, and easing restrictions on parking and open space requirements. Biocom California worked closely with the city throughout the process to write and approve these changes, and we are happy to have a hand in making the city more life science friendly. Learn more about the process here.
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LA City Council Resumes Meetings
The Los Angeles City Council returned from winter recess to discuss homelessness and housing. The city is deciding if the Community Investment Family Department should lead homeless prevention efforts and instructed staff to report on expanding the affordable housing preservation program.
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Inglewood Receiving $1 Billion for Transit Connector
More than $1 billion in federal funding will be given to support the Inglewood Transit Connector Project, covering 50% of the anticipated cost. The project is intended to address a transportation gap between the Metro and popular tourism, housing, and commercial destinations.
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In Other News:
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Refine Your Pitch with Our New Venture Hub Showcase Program
We are excited to introduce a new capital development initiative, the Venture Hub Showcase program. This extension of our Venture Hub ecosystem is designed to assist founders in refining pitches in preparation for Investor and Partner Days.
Launching in March, the Venture Hub Showcase program will offer founders a platform to practice their pitches, pinpoint areas for improvement, and participate in themed showcases as they unfold. To receive information on how to get started, you must complete your profile by Friday, February 16.
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San Diego Festival of Science & Engineering
Join Generation STEAM at the San Diego Festival of Science and Engineering on Saturday, March 2, 2024, at Snapdragon Stadium! The festival is the largest event of its kind in California, attracting over 20,000 attendees each year and sparking curiosity across science, technology, engineering, arts, and math (STEAM). This event is free and open to the public, made possible by a collective effort between industry, government, community organizations, and academia. Visit lovestemsd.org to learn more.
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OmniSync Launches SBIR Partnering Platform with DOE
Our endorsed supplier for securing non-dilutive funding, Omnisync, has recently launched an innovative and free partnering platform in collaboration with the Department of Energy (DOE): SBIR Partnering. Specifically designed for innovators with potential energy applications, the site facilitates connections with commercialization partners including tech scouts, accelerators, and relevant service providers. In addition to having access to invaluable networking, companies that join are able to discover vetted technologies that support their corporate business and sustainability goals. Register now for a free account to explore the possibilities and supercharge your growth.
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Greater LA Startup Resources Committee Meeting
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February 21
Virtual
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This committee is intended to support the growing early stage ecosystem in the Greater Los Angeles region, while providing opportunities for committee members to meet other area professionals, keep current on issues affecting the local industry, share best practices and learn from each other.
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Global Life Science Partnering & Investor Conference
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February 27-29
The Lodge at Torrey Pines
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Join us for an exclusive partnering and investor forum that brings together over 600 industry and business development professionals. It features panel discussions, one-on-one partnering meetings, presentations from leading research institutions, and endless networking opportunities.
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12th Annual UCLA MedTech Partnering Conference
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Tuesday, March 12
UCLA Luskin Conference Center
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Connect with innovators, investors and industry executives to build your network and learn about the latest innovation in the MedTech field. There will be exciting panels with up-to-date developments, live demonstrations, and highlights of cutting edge technology from Southern California researchers.
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City of STEM + Los Angeles Maker Faire
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Saturday, April 6
LA State Historic Park
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Join us in inspiring learners of all ages as we celebrate science, technology, engineering, and math. This event is free to the public with hands-on activities, amazing experiences, workshops, lectures and appearances by famous creators and science celebrities! Content will also be in Spanish.
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Member & Industry News
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Alexandria Real Estate Equites, a Pasadena-based life science development company, celebrates 30 years of operation.
Amgen incorporates Horizon Therapeutics’ drug development programs into a new business line for rare disease therapies.
Arcutis Biotherapeutics receives FDA approval for Zoryve Topical Foam, for the treatment of seborrheic dermatitis.
Arrowhead Pharmaceuticals files for regulatory clearance to initiate a Phase 1/2a clinical trial of ARO-CFB for complement mediated kidney disease.
Cedars-Sinai Health System launches aortic surveillance clinic for the evaluation and long-term monitoring of patients with enlarged aortas.
Dantari’s novel high-capacity drug conjugate DAN-222 shows promising antitumor activity in patients with metastatic HER2-Negative breast cancer.
ImmunityBio gains $320 million investment from Oberland Capital for drug Anktiva while awaiting FDA approval.
Kite’s Yescerta CAR T-Cell Therapy receives FDA approval after label was updated to include overall survival primary analysis.
Terray Therapeutics announces multi-target collaboration with Bristol Myers Squibb to discover and develop small molecule therapeutics.
Xencor announces Dane Leone has joined as senior vice president, corporate strategy.
Have a milestone or recent accomplishment you’d like to share? We are always looking to share our members stories. Submit your news here.
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Biocom California | Greater Los Angeles
Biocom California is the largest, most experienced leader and advocate for California’s life science sector. Our Los Angeles office aims to build the networks that are critical to growth in this thriving regional ecosystem. Our targeted programs and customized services are tailored to the specific needs of the Greater Los Angeles area, as we understand the life science sector’s unique challenges in the region and are collaborating on working toward solutions. We work on behalf of more than {{{dynamic_content_1600}}} members to drive public policy, build an enviable network of industry leaders, create access to capital, introduce cutting-edge STEM education programs, and create robust value-driven purchasing programs.
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