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Xirrus Ties With Sales Software Provider

socalTECH

Thousand Oaks-based Xirrus , the developer of high performance wireless networking equipment, is tapping into Relayware , a provider of collaboration and communicaitons software as part of its sales efforts, the firms said Thursday.

Sales 138
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Teledyne Cuts Outlook On Sales Slowdown In Energy Markets

socalTECH

Thousand Oaks-based Teledyne Technologies said this morning that it is cutting its outlook for the third quarter and full year, due to decline in sales in energy-related products. The company also blamed a strong U.S. dollar and "challenging" capital spending environment impacting its results.

Sales 100
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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 billion in sales in 2018. billion in cash. billion net of anticipated future cash tax benefits.

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Xirrus Snags Sales Exec From Juniper

socalTECH

Thousand Oaks-based Xirrus , which develops Wi-Fi networking equipment, said today that it has hired Hayley Tabor, the former Senior Vice President of U.S. Enterprise Sales for Juniper Networks, as its new Vice President of Worldwide Sales. Tabor has also served at CA.

Sales 140
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Amgen And AbbVie In Legal Settlement

socalTECH

Thousand Oaks-based Amgen and AbbVie have settled a series of lawsuits against each other, saying this morning that they have agreed to resolve all pending litigation regarding AMGEVITA/AMJEVITA, a biosimilar which is based on AbbVie's Humira (adalimumab).

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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 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.