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Amgen Acquires Otezla for $13.4 Billion

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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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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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Teledyne Sells Printed Circuit Board Business

socalTECH

Thousand Oaks-based Teledyne Technologies said late last week that it has completed the sale of the assets of its printed circuit technology business (Teledyne PCT), to FTG Circuits. The deal was worth $9.3M

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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 Sells Printed Circuit Board Unit

socalTECH

Thousand Oaks-based Teledyne announced this morning that it is selling off its printed circuit board business, Teledyne PCT , to FTG Circuits. Teledyne said the sale will help it continue to focus on "high-technology, proprietary engineered products". The deal is worth $9.3M in annual revenues for each of the last three years.

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Amgen Buys Dezima For Up To $1.55 Billion

socalTECH

Thousand Oaks-based Amgen announced this morning that it is in a deal to acquire Netherlands-based Dezima Pharma B.V. , billion in additional payments based on development and sales milestones for Dezima. billion in additional payments based on development and sales milestones for Dezima. in a deal worth up to $1.55

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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.