November 2023
7 Attractions in Ladakh That You Need to Explore This Winters
Ladakh, renowned as the “Land of High Passes,” undergoes an enchanting metamorphosis into a winter wonderland, captivating those in search of tranquility and distinctive adventures. Contrasting the well-known allure of Ladakh in summer, winter introduces a unique and captivating charm. This colder season unfolds a mesmerizing tapestry of frozen lakes and snow-draped monasteries, promising an […]
Exploring Gujarat’s Steam Heritage: Ekta Nagar-Ahmedabad Special Train Schedule and Features
On the occasion of Sardar Vallabhbhai Patel’s birth anniversary, Prime Minister Narendra Modi launched the first heritage train in his home state of Gujarat. The train will run between Ahmedabad and Ekta Nagar railway station, which links to the Statue of Unity in Kevadia. The non-stop steam train has began its services on November 5 […]
‘Recell’ Ready: Avita Closes Debt Facility
Valencia-based regenerative medicine company Avita Medical Inc. has closed a debt facility of up to $90 million with New York health care investment firm OrbiMed Advisors. The nondilutive capital provides financial flexibility to support portfolio expansion, global initiatives, and the further development and commercialization of approved skin restoration therapies. Avita is developing devices and cellular […]
ImmPACT’s Lupus Drug Fast-Tracked
West Hills-based ImmPACT Bio USA Inc. a clinical-stage company developing chimeric antigen receptor T-cell therapies for treating cancer and autoimmune diseases, has received fast-track designation from the Food and Drug Administration for its leading drug to treat specific types of lupus. Fast-track designation is designed to help drugs reach patients faster by facilitating the development and […]
Arcutis Gets FDA Nod For Plaque Psoriasis Cream
This article has been revised and corrected from the original version. Westlake Village-based immune-dermatology company Arcutis Biotherapeutics Inc. has received federal approval to begin marketing its drug to treat plaque psoriasis in children ages 6 to 11. The company had already received approval to market the drug for use in people 12 and over. Separately, the […]
Arcutis Gets FDA Nod For Dermatitis Cream
Westlake Village-based immune-dermatology company Arcutis Biotherapeutics Inc. has received federal approval to begin marketing its drug to treat a type of dermatitis in children ages 6 to 11. The company had already received approval to market the drug for use in people 12 and over. Separately, the company this month announced a public offering of $100 million […]
Shifting Into Lower Gear
While rapid growth is often considered the holy grail of success, one company in the San Fernando Valley is challenging the norm. Liberty Company Insurance Brokers Inc. has been on a meteoric rise, but it is making the decision to deliberately put the brakes on its expansion. Why would a company want to slow down […]
A Big Case of Sibling Rivalry
A real estate owner with thousands of multifamily units across the Valley is at the center of a 20-year, multibillion dollar dispute. Against his own family. Five brothers, sons of a diamond merchant hailing from the Indian state of Gujarat, whose ages now range from the 50s to 70s, have been in contention for more […]
Ventura Farmers Prep for El Niño
Farming operations nestled in the hills of Ventura County accounted for more than $2.1 billion in economic activity last year. However, the expected return of the infamous El Niño weather pattern this year could drown out some the bounty for the area-leading crops dependent on drier climates, such as avocados and lemons. Farmers are bracing […]
Moorpark Industrial Sales Highlight Strong Sector
Two separate industrial properties recently changed hands in Moorpark, as the area continues to be a magnet for investors seeking stable properties with a strong tenant base. The Westlake Village-based branch of commercial real estate brokerage firm Lee & Associates managed the sale of both fully occupied independent assets, which totaled more than $20 million. […]