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A $3 million grant from the state to Goleta-based Next Energy Technologies on April 14 has upped the start-up’s grant total to $11.7 million to date. The firm, a developer of a proprietary transparent photovoltaic coating that transforms commercial building windows into energy-producing solar panels, was awarded its latest grant from the California Energy Commission’s

Amgen's new research and development facility in San Francisco. (courtesy photo) A federal appeals court has largely sided with Thousand Oaks-based biotech giant Amgen in a patent infringement suit it brought against two other life sciences firms over its psoriasis drug Otezla. The court on April 19 upheld a permanent injunction issued by a lower

Ventura-based The Trade Desk nearly doubled up on analysts' expectations for its non-GAAP net income when the company released its second-quarter earnings after the markets closed on May 10. The Trade Desk, a digital advertising technology company, started the year off strong, generating revenue worth $383 million in the first quarter of 2021, representing a

When the team behind Arcutis Biotherapeutics were putting the company together in 2016, it seemed like the majority of investors wanted the company to be built out in one of two places — San Francisco or San Diego. But Frank Watanabe, the man who would become the CEO of the company, had other ideas. “He

When I first began working for the Business Times in October 2020, I didn’t know much about the biotechnology industry. I knew about Amgen — though to be fair, it would be hard to not know about one of the largest biotechnology companies in the world — but beyond that, I wasn’t quite sure what

Andreas Forsland, the founder and CEO of Cognixion, at his company’s Santa Barbara headquarters. The company recently closed a $12 million funding round. (Eric Isaacs photo) Santa Barbara-based Cognixion has received a Breakthrough Device designation from the U.S. Food and Drug Administration, the company announced on May 4, paving the way to get its artificial

Thousand Oaks-based Amgen delivered a sound earnings beat in the first quarter of 2023, the company announced after the markets closed on April 27. Amgen, one of the largest biotechnology companies in the world, generated net income worth $2.8 billion in the first quarter or $5.28 earnings per share. This nearly doubled last year’s first-quarter

The nation’s banking crisis had its first physical impact on the Central Coast on May 1 when the First Republic Bank branch on State Street in Santa Barbara opened its doors as a unit of JPMorgan Chase. It was a low-key affair, with no change in signage and very little observable change in foot traffic.

Even as the Federal Reserve continues to hike interest rates, the fallout from Silicon Valley Bank looms and inflation puts pressures on every market, most small business owners across the country — and the region — remain “optimistic,” a study published by Bank of America on April 27 found. According to the report, about 72%

The last time Hollywood shut down over a labor strike was more than 15 years ago in 2007. That strike lasted 100 days and cost billions in economic losses. On May 1, the Writer’s Guild of America’s East and West Coast chapters walked off the job in a dispute over the gig economy, the rise