SDBJ.COM
SAN DIEGO BUSINESS JOURNAL
Vol. 41, No. 29
July 20 – 26, 2020 • $5.00
THE COMMUNITY OF BUSINESS™
USD Creates Real Estate Department
Second Ship From $511M Order Launched SHIPBUILDING: NASSCO Builds 2 Cargo
Carriers for Matson
EDUCATION: Years
of Effort Culminate in Innovative Program
� BY BRAD GRAVES
The first ship, the Lurline, is already operating on that route. General Dynamics Shortly before the 50,000-ton ship slid NASSCO sent a com- into the water, Peggy Forest — wife of mercial cargo ship that it Matson President Ron Forest — broke is building for Matson Inc. a champagne bottle against its hull and down the inclined ways of its christened it Matsonia. Barrio Logan shipyard and NASSCO will now prepare the ship for into San Diego Bay on July 2. sea trials in October. It plans to deliver the It is the second of two Matsonia in the fourth quarter. ships it is building for The West Coast shipyard of General Matson under Dynamics (NYSE: GD) splits its business a $511 mil- between ship construction and U.S. Navy lion order, ship repair, with new construction taking p l a c e d i n a 60% share. The Matsonia had to go into 2016. Mat- the water to make room for NASSCO to son plans build the second of its Navy fleet replenishto use both ment oilers, said Dennis DuBard, the coms h i p s t o pany’s government relations representative. carry vehicles and 1920 Law Helps NASSCO containerOverseas shipyards can beat U.S. shipized cargo yards in what they charge to build comb e t w e e n mercial vessels. A U.S.-built ship will Photo courtesy of General Dynamics NASSCO After christening the ship, Peggy Forest watches the 50,000-ton Matsonia make Hawaii and ¨Ship page 37 its slow slide into San Diego Bay at the General Dynamics NASSCO shipyard. California.
BY BRAD GRAVES Signaling possible growth ahead, the University of San Diego has elevated its real estate program to a real estate department within its School of Business. The move was effective July 1. Tim Keane, dean of the school, likened the moment Tim Keane to when a family
¨USD page 22
Poseida IPO Returns $224M BIOTECH: Co. CEO
Law Firm Moving Offices to $164M Life Sciences Campus PROPERTY: Cooley Leasing 74,000 Square Feet in Torrey Pines Boardwalk Project
Sees Offering as ‘Resounding Success’
BY RAY HUARD
BY DONALD BLOODWORTH
“Life sciences is and always has been A Torrey Pines life science campus the heartbeat of the that’s still under construction will be the Cooley San Diego San Diego headquarters of a law firm operation, which is that specializes in representing life sci- why this location is ence companies. a dream come true,” Cooley, with corporate headquarters said Michael Atin the San Francisco Bay Area, is mov- tansio, a partner in Michael Attansio ing its San Diego offices from Eastgate charge of the firm’s to the $164 million Boardwalk cam- San Diego operations. pus of Healthpeak Properties, a REIT Cooley has leased the full 74,000 (Real Estate Investment Trust) based square feet of a new building at 10265 in Irvine. Science Center Drive that is one of two
P.3 P.15
new buildings Healthpeak is adding to its Boardwalk campus. The Campus Boardwalk includes an existing 76,408 square-foot building that is being redeveloped, and a second new building of 41,302 square feet. Cooley will have a staff of about 235 including about 100 lawyers in the Boardwalk project, Attansio said. Torrey Pines is the center of the life science/bio-tech industry in San Diego
¨Boardwalk page 36
THE LISTS XX page xx
BIOTECH: VelosBio raises $137M in Series B funding
HEALTHCARE: Telemedicine is reshaping local industry
The San Diego-based clinical-stage biopharmaceutical company Poseida Therapeutics has closed its July 10 initial public offering on the Nasdaq Global Select Market (NASDAQ: PSTX), selling 14 million common stock shares for $224 million, increasing its valuation from 10 million shares at $14 a share to $16 a share. The company was initially seeking $150 million.
¨Poseida page 22
20 www.sdbj.com THE LIST DIA GNDIA GNOSTIC OS
July 20, 2020
RS L DEVICE MAKE 2020 ERS BIOMEDICA as of July 1, ICE MAK full-time employees of localDEV by numberAL EDIC Ranked THE LIST BIOM
18
Diagnostic Companies Page 17 Biomedical Device Makers Page 20 Law Firms Page 31
Rank
# of local full-time employees: # of 2020 companywide 2019 employees % + (-)
Company Address Website Phone
BD (Becton, Dickinson Court,
1
5,200 4,000 30
and Co.)
3750 Torrey View San Diego 92130 www.bd.com 858-617-2000
(1)
11075 Roselle St, San Diego 92121 858-366-6900 www.tandemdiabetes.com
(4)
7475 Lusk Blvd., San Diego 92121 858-909-1800 www.nuvasive.com
Axelgaard Manufacturing
6
Company Ltd.
520 Industrial Way, Fallbrook 92028 760-451-8000 www.axelgaard.com
(8)
ACI Medical LLC
7
1857 Diamond St., San Marcos 92078 760-744-4400 www.acimedical.com
(11)
t:slim X2 Insulin Pump
Inc.
2237 Faraday Ave., Carlsbad 92008 760-720-0099 www.advancedbrainmonitoring.com
Inc. Ichor Medical Systems Drive, Suite 107,
9
6310 Nancy Ridge San Diego 92121 858-550-2022 www.ichorms.com
(12)
(NR)
11 (NR)
12
Biocept
8
(NR)
AVACEN Medical Road, Suites 104, 107 & 108, 9835 Carroll Centre San Diego 92126 AVACEN.com 888-428-2236
AG Scientific Inc. Suite E102,
6450 Lusk Blvd., San Diego 92121 858-452-9925 www.agscientific.com
Fallbrook Engineering Suite 4,
355 W. Grand Ave., Escondido 92025 760-489-5400 www.fallbrookeng.com
11099 N. Torrey Pines Road, La www.dermte Jolla 92037 858-450-422ch.com 2
2,600
147 143 3
Patented medical electrodes,
152
36 35 3
30 35 (14)
for the acquisition Mobile, scalable technologies awake EEG analyses of sleep and
42
25 25 0
15 14 7
5 5 0
na
Ed Arkans San Marcos 1995
Medical ‘ion carrier’ to the IVD Supplies ionophores electrodes or biosensors Device as ion select
biotech & pharma Medical device, diagnostic, consulting services product design & development
Allen Gustave Lindgren Jr. San Diego 1997
Richard Meyst Escondido 1981
HEALTHCARE
• GOVERNM
Entisys360
permission
a survey Please send or did not return sometimes occur. have declined to participate editor. Some companies
mobile banking app
Exclusive Discounts
sdccu.com/discounts Federally insured by NCUA.
Michael Nall
San Diego 2008
Lloyd Sanders
John Dobak
RISK CONS ULTING PARTN ER
ATTACK SURFACE MANAGEM • ENT
ENT • TECHNOL
ISYS360.COM
at the San Diego Research Department from the or additions to the written permission Please send corrections part without prior participants errors sometimes occur. may not be reprinted in whole or in list to endorse the and typographical not the intent of this This list the list, omissions by press time. It is Eric Alderete, ealderete@sdbj.com.or did not return a survey Business Journal. have declined to participate quality. typographical errors editor. Some companies size or numerical rank indicates its list, omissions and from the or to imply a company's thoroughness of the
and
Message and data rates may apply.
Stephen MacMillan
Douglas Bryant
Andrew A. Lukowiak, Ph.D.
La Jolla 1995
SAN DIEGO ’S
Thomas Muehlbauer San Diego 2009
of prior written the accuracy na Not applicable or in part without the accuracy and thoroughness effort is made to ensure of companywide employees. effort is made to ensure Source: The companies. be reprinted in whole time. While every quality. time. While every are ranked by number . This list may not rank indicates its is accurate as of press is accurate as of press In case of a tie, companies size or numerical Eric Alderete, ealderete@sdbj.com knowledge, this information knowledge, this information to imply a company’s Business Journal, To the best of our To the best of our the participants nor at the San Diego Source: The companies this list to endorse na Not applicable to the Research Departmentpress time. It is not the intent of (NR) Not ranked by corrections or additions
To access your account online 24/7 visit sdccu.com
Michael Garrison
Mark Stevenson
San Diego
DETECTION & RESPONSE
•
IDENTITY
& PRIVACY The Advyz Cyber Risk Services team to cybersecu has spent rity. It is our decades devoted passion and contributions we truly enjoy to the communi our work and ty. We are ready and waiting to leverage technolog y, our experienc vendor relationsh e in IT challenge ips, system s, to help you integration and solving achieve maximize your financial investmenyour business goals and t. Our solutions, professional services and expertise align nationally-recognize perfectly with variety of industries the trends d and challenge . s facing a Contact us today at advyz@e Advyz Cyber ntisys360 .com to learn Risk Services more about from Entisys36 0.
Bob Bernard San Diego 1994
Entisys
OGY • FINANCIA
Entisys
SDCCU® Mobile Deposit (15)
Top local executive
participants whole or and size or numerical in part without prior written typographical errors sometimes rank indicates permission occur. Please from the editor. its quality. (1) send 2019 employee Some companies count have
PREMIER CYBER
Chris Berka Carlsbad 1999
ADVYZ.ENTISYS360 .COM | WWW.ENT 5
Bringing non-invasive precision genomics diagnosis & treatment of skin diseaseto the
STRATEGY & RISK MANAGEM • ENT
FDAPRO Dry Heat Therapy AVACEN 100 & AVACEN cleared Medical Devices.
15
15 12 25
and
DNA for nucleic acids including Delivery technology for vaccines or antibodies vaccines & RNA
25
San Diego 1993
Developing novel diagnostics to advance the treatment personalize and and management of cancer
Develops, manufacture s, markets for infectious & autoimmune immunoassays diseases in four formats
imply a company’s
Jens Axelgaard Fallbrook 1985
hydrogels
artery diseases, venous recovery Treatment of peripheral manufacturing, sports diagnosis, contract
36
San Diego 2007
Molecular commercializ diagnostics company with ed assays for seven types of cancer
48 70 13 13
San Diego 1979
Specialty laboratory providing clinicians testing and medication with drug monitoring services.
90 102
15222 Avenue dba GenBio of Science, Suite www.genbio.com A, San Diego 92128 858-592-930 0
Fallbrook Engineerin
g 355 W. Grand www.fallbroo Ave., Suite 4, Escondido 92025 760-489-540keng.com
1997
Waltham, Mass. 1987 Marlborough, Mass. 1982
Development , manufacturin g & marketing diagnostic tests, assays, instruments. of
87 95
Innominata
10
Franklin Lakes, N.J.
Innovative med tech company improving women'sprimarily focused on health
382 502
5810 Nancy Ridge www.biocept.com Drive, Suite 150, San Diego 92121 858-320-820 0
Epic Sciences
Headquarter s Year founded
Advance discovery, translational molecular medicine research,
791 5,766
9381 Judicial www.epicsci Drive, Suite 200, San Diego 92121 858-356-661ences.com 0
(NR)
Bryant Douglas(11) San Diego 1979
2,400 (1) 70,000 (1)
760 1,270
DermTech Inc.
of local employees as of July 1, 2020
0 Source: The 1994 companies. Frederick Adler To the best of 5 our knowledge, Barry the list, Medical device, Chris this information Source: omissions 5 The companies and typographical is accurate as Business product design diagnostic, biotech & DiegoEric To the errors of press time. SanJournal. corrections best of sometimes pharma While every & development Alderete, ealderete@sdbj our knowledge, or additions occur. Escondido consulting services send corrections effort is made to ensure to the Research.com. This Please this declined1997 the to participate list may not informationorisadditions Department editor. Some to the Research accuracy and thoroughness 1981 reprinted in accurate or did not return Richard Meyst at thebeSan companies have press Department whole or in as of of Diego Business time. While or to imply a a survey by at the part without San effort company's size declined to participate or every Diego Journal, prior written press time. It (1) did Eric is made or numerical Alderete,permission is not the intent 2019 to ensure rank indicates not return a survey by press employee from the ealderete@sd thecount accuracy and of this list to its quality. time. It is not bj.com. This thoroughnes endorse the the intent of list may not this list to endorse participants s of the list, be reprinted nor to omissions the in
surgery with minimally Transforming spine integrated solutions. disruptive, procedurally
surcharge-FREE 10
6
(6) Stephen MacMillan Marlborough, Mass. 1982
& marketing of Development, manufacturing instruments. diagnostic tests, assays,
30,000 ATMs Advanced Brain Monitoring Suite 100,
8
(10)
with Control-IQ
(7)
1,270
600 600 0
NuVasive Inc.
(5)
Hologic Inc.
10210 Genetic www.hologic Center Drive, San Diego 92121 858-410-800.com 0
Quidel Corp.
9975 Summers www.quidel.comRidge Rd, San Diego 92121 858-552-110 0
Millenium Health
July 20, 2020
Ranked by number
of July 1, 2020
Description Manufactures devices for medication management , diagnostic testing & biomedical research
5,200 65,000
16981 Via Tazon, San Diego 92127 www.millenn 877-451-353iumhealth.com 4
(5)
9
Rd, 9975 Summers Ridge San Diego 92121 www.quidel.com 858-552-1100
5
(2)
4
(4)
John Sheridan San Diego 2006
on company primarily focused Innovative med tech women's health improving
5,766
760 777 (2)
Quidel Corp.
(3)
Thermo Fisher
5791 Van Allen Scientific Inc. www.thermo Way, Carlsbad 92008 760-603-720fisher.com 0
3
Michael Garrison Franklin Lakes, N.J. 1997
7
Drive, 10210 Genetic Center San Diego 92121 www.hologic.com 858-410-8000
4
Top local executive Headquarters Year est. locally
employees as
# of employees: S.D. County Companywide
Dickinson
3750 Torrey and Co.) www.bd.comView Court, San Diego 92130 858-617-200 0
2
(3)
1,200
791 815 (3)
Hologic Inc.
3
(NR)
Description
1
(1)
5
1,043 653 60
Care Inc. Tandem Diabetes Suite 200,
2
Website of full-time Rank Ranked by number Phone July 1, 2020 employees as of BD (Becton,
for medication management, Manufactures devices & biomedical research diagnostic testing
65,000
TIC S CO S COM MPPAN IES r of local AN IES
Ranked by numbe
Company Address
www.sdbj.com
L SERVICES
entisys360
• ENERGY