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Amgen, Xencor In Development Deal

socalTECH

Thousand Oaks-based Amgen , and Monrovia-based Xencor said Thursday that the two firms are in a co-development dual around a new novel antibody for treating autoimmune diseases. The firms said that XmAb5871 is currently in late-stage preclinical development for the treatment of autoimmune diseases. READ MORE>>.

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AeroVironment, SoftBank In $65M JV To Develop Unmanned Aircraft

socalTECH

Monrovia, California-based AeroVironment said on Wednesday that it is in a joint venture to develop a solar powered, high-altitude, long-endurance unmanned aircraft system, potentially worth up to $65,011,081. The joint venture is with HAPSMobile , which is 95 percent owned by Japanese technology giant SoftBank Corp.

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AeroVironment Develops Nano Air Vehicle

socalTECH

Monrovia-based Aerovironment reports this morning that it has reached a technical milestone, and has demonstrated a prototype of a "hummingbird-like" nano air vehicle for a Defense Advanced Research Projects Agency (DARPA) contract. READ MORE>>.

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Parasoft Opens Up Tools To Open Source Developers

socalTECH

In a bid to gain better market share among developer, Monrovia, California-based Parasoft announced Tuesday that it will begin giving out free access to its entire suit of test automation software to open source developers. READ MORE>>.

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Prolacta Ties With Susan G. Komen for the Cure

socalTECH

Monrovia, California-based Prolacta Bioscience , the venture backed firm developing human milk fortifiers for premature infants, announced this morning that it will be donating funds to the Susan G. Komen for the Cure as part of its milk donation program.

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Xencor Files For IPO

socalTECH

Monrovia, California-based biopharmaceuticals developer Xencor has filed for an IPO, saying in a filing this morning that it looking to raise up to $69.0M Xencor, which is led by Bassil Dahiyat, develops engineered monoclonal antibodies, which are being used to treat autoimmune and allergic diseases, cancer and other conditions.

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AeroVironment Links With Smart Grid Software Developer

socalTECH

Monrovia, California-based AeroVironment , which develops both electric vehicle chargers as well as unmanned aerial vehicles, said on Tuesday that it has linked with smart grid charging technology developer eMotorWerks.