B as in Billion: The Economic Impact of the Rady School

The Rady School concluded its 10th anniversary year with a bang—specifically to the tune of nearly $2 billion. In just one year, the business acumen of Rady alums has resulted in an almost $2 billion impact on the state of California and the San Diego region—from partnership agreements to acquisitions, to funding events and the first IPO by a Rady alum, 2013-2014 has truly been a banner year for the school and its outstanding alumni. Rady School alums have proven beyond a shadow of a doubt that they are a fundamental force in shaping the innovation economy of this region and beyond, creating powerful technologies, exciting new biomedical breakthroughs and thinking far beyond the scope of what is to what may be.

Notable accomplishments include the acquisition of ecoATM by Outerwall for $350 million, the acquisition of Lumena Pharmaceuticals by Shire for $260 million +, Inogen's IPO for $70.5 million and the partnering agreement between CytomX and Bristol-Myers Squibb for up to $1.2 billion.

Learn more about some of these recent Rady successes that are contributing to our economic impact:

ecoATM: http://techcrunch.com/2013/07/02/outerwall-formerly-coinstar-buys-ecoatm-for-350m-in-cash-to-expand-into-device-recycling-kiosks/

Lumena: http://www.shire.com/shireplc/en/investors/investorsnews/irshirenews?id=950

Inogen: http://www.fiercemedicaldevices.com/story/inogen-unleashes-ipo-plans-rare-move-device-companies-2013/2013-12-03

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