Allergan PLC’s (NYSE: AGN) transfer of patents on its blockbuster dry-eye drug Restasis to a Native American Tribe in September is not only a top story this year, but one that will continue unfolding into 2018.
Providence St. Joseph Health and Ascension Health are discussing a merger that would create the largest hospital system in the U.S., news reports said.
Edwards Lifesciences Corp. in Irvine bought Harpoon Medical Inc. in Baltimore on Dec. 1 for $100 million; milestone payments over the next decade could bring the total price to $250 million.
Avanir Pharmaceuticals Inc. will lay off 73 employees by the end of January from its US work force as part of a restructuring. We’re told the majority will be outside of its Aliso Viejo headquarters.
RxSight Inc. received Food and Drug Administration approval for its Light Adjustable Lens technology.
Irvine-based Modulated Imaging Inc. said today it closed a Series A funding round of about $2.9 million.
ICU Medical Inc. in San Clemente reported revenue of about $343 million in its most recent quarter, compared with about $97 million in the same period prior year.
Irvine-based ChromaDex Corp. reported $6.1 million in sales for its most recent quarter, up 55% year-over-year, and a net loss of $3.2 million, about 30% more than the same period last year.
Community Medical Center Long Beach, one of Fountain Valley-based MemorialCare Health System’s three hospitals in the area, will soon close due to not meeting earthquake building standards.
Irvine-based ChromaDex Corp. will sell more than 5.6 million shares of its common stock at a purchase price of $4.10 per share, or about $23 million.
HEALTHCARE: Merged with Ottobock, plans IPO in 2 years
When your private equity investor wants to cash out, it’s often with a sale. Irvine-based Freedom Innovations LLC said it couldn’t be happier with a strategic partner like German prosthetics maker Ottobock.
Plans to Move Upmarket And Grow Reg’l Presence
OCTANe was created in 2002 to bring together resources, expertise and capital to help grow biomedical and information technology startups.
HEALTHCARE: Plans to partner to grow outpatient care
Irvine-based Hoag Orthopedic Institute, a unique for-profit joint venture comprised of two groups of orthopedic surgeons and a nonprofit hospital, is positioned for growth with a new chief executive at the helm.
Launch Rate Parity Plan From Kaiser Next Year
The current healthcare bill debate primarily impacts the individual market, but uncertainty remains for insurers and carriers.
Allergan PLC grew sales by 11% in the third quarter, led once again by its flagship drug BOTOX.
HCP Inc. fronted its quarterly earnings report by giving some specific ways it will cut from 27% to about 16% the amount its Brookdale Senior Living unit contributes to earnings.