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Nexsan Names Sales Head

socalTECH

Thousand Oaks-based Nexsan, a developer of storage hardware products, has appointed a new Chief Commercial Officer, the firm disclosed Monday. Nexsan said that Michael McGuire has joined the firm, reporting to CEO Philip Black, and will be in charge of worldwide sales, marketing, and business development. READ MORE>>

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Amgen Acquires Firm For $1 Billion

socalTECH

Thousand Oaks-based biotech giant Amgen said Monday afternoon that it is acquiring Biovex , a Woburn, Massachusetts-based developer of treatments for melanoma and head and neck cancer. BioVex develops OncoVEX, a novel oncolytic vaccine in Phase 3 clinical development.

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Teledyne Acquires PDM Neptec, Completes LeCroy Buy

socalTECH

Thousand Oaks-based Teledyne Technologies , the diversified electronics, instrumentation, and aerospace products firm, said Friday that it has acquired PDM Neptec , a provider of underwater cables, fiber optic and electrical subsea connectors. LeCroy had sales of approximately $178.1M No financials of that deal were announced.

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Teledyne Acquires Interconnect Firm VariSystems

socalTECH

Thousand Oaks-based Teledyne Technologies said this morning that it has acquired VariSystems , a Canadian supplier of custom harsh environment interconnects, used in the oil and gas industry. VariSystems is headquartered in Calgary, Alberta, and had sales of CAD $27.5M Financial terms of the deal were not disclosed.

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Amgen Acquires Otezla for $13.4 Billion

socalTECH

Thousand Oaks-based Amgen announced this morning that it is acquiring Otezla , the anti-inflammatory drug used to treat psoriasis and psoriatic arthritis, which is currently owned by Celgene Corporation , in a deal worth $13.4 Amgen said the acquisition will accelerate both its near- and long-term revenue growth. Otezla had $1.6

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Teledyne Technologies Buys LeCroy

socalTECH

Thousand Oaks-based Teledyne Technologies announced this morning that it is acquiring New York-based instrumentation and measurement firm LeCroy , in a deal worth $291M. The two said that LeCroy had sales of approximately $178.1M According to the two, Teledyne will pay $14.30 per share in cash for LeCroy. READ MORE>>.

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Amgen Sells Fremont Facility

socalTECH

Thousand Oaks-based Amgen said Tuesday afternoon along with Boehringer Ingelheim, that the firm has agreed to sell rights in and substantially all of the assets of its Fremont, Calfiornia development and manufacturing facility. Financial details of the sale were not announced. READ MORE>>.