2023
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. […]
Chatsworth Residential Property Trades for $107M
A 280-unit luxury multifamily community located in the foothills of the Santa Susana Mountains in Chatsworth sold for $107 million. Institutional Property Advisors, a subsidiary of Calabasas-based leading commercial real estate brokerage firm Marcus & Millichap, closed the deal on the asset, which is called Summerset Village. “Well maintained by an institutional owner for over […]
Microsoft Vet Takes Reins at Curbit
Many restaurants are still relying on delivery applications and mobile ordering options, which became common during the height of the Covid-19 pandemic. Calabasas-based Curbit is giving kitchens tools to optimize these business models and recently brought on Fran Dougherty, a former executive leader at Microsoft Corp. as its chief executive. The company is using artificial […]
Explore the Package As Indian Railways Unveils ‘Bharat Gaurav Express’ Connecting Delhi to North Eastern States
The Ministry of Railways, in collaboration with IRCTC Ltd, is planning a ‘North East Discovery’ tour to promote India’s comparatively unexplored North Eastern states, according to a release. According to an official announcement, the specifically planned trip aboard the Bharat Gaurav Deluxe AC Tourist train would begin its journey on November 16, 2023, from Delhi […]