Orange County Business Journal

HEALTHCARE

Recent and archived news stories on: Biotechnology, Doctors, Drugs, Health Insurance, HMO's/PPO's, Hospitals, Medical Devices, Nursing...

Questcor Agrees to $5.6B Bid

Anaheim-based Questcor Pharmaceuticals Inc. has agreed to be acquired by drug maker Mallinckrodt plc in Ireland for $5.6 billion.

By Jane Yu April 7, 2014 9:02 a.m.   Share
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California Stem Cell to Be Bought by NeoStem

Irvine-based California Stem Cell Inc. said today that it was being acquired by NeoStem Inc. in a stock and cash deal that potentially could be worth $124 million.

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Edwards Rises on CoreValve Ruling

Irvine-based heart valve maker Edwards Lifesciences Corp. shot up on Monday after it said that a U.S. District Court judge granted a preliminary injunction on rival Medtronic Inc.'s CoreValve in the U.S.

Questcor Expected to Stay After $5.6B Sale

HEALTHCARE: Anaheim company to continue operations as own unit

It appears that the local operations of Questcor Pharmaceuticals Inc. would remain intact in the wake of Mallinckrodt PLC’s $5.6 billion proposed buyout of the Anaheim-based drug maker—the largest deal so far in what’s shaping up to be a busy year for mergers and acquisitions involving Orange County-based companies.

Allergan Additions Expected Near Irvine Campus

REAL ESTATE: Said close on buys of 2 buildings for 68,500 SF

Allergan Inc. is nearing a deal to buy a pair of office properties across the street from its headquarters in Irvine, according to real estate sources.

Healthcare Startup to Move Into Lakeshore Towers

REAL ESTATE: Alphaeon’s plan counts on cash-pay lines

Alphaeon Corp., a startup lifestyle healthcare company that’s gotten notice as a potential candidate for an initial public offering later this year, has signed a deal to move its growing operations to the Lakeshore Towers office complex in Irvine.

Aliso Viejo Device Maker Gets $20M

Aliso Viejo-based medical device maker Sequent Medical Inc. raised $20 million in venture capital funding.

Edwards Gets European Clearance for Heart Valve

Says More Can Get Less Invasive Procedure Now

Irvine-based Edwards Lifesciences Corp.’s run of good news continued this month.

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Sequent Medical Raises $20M

Aliso Viejo-based medical device maker Sequent Medical Inc. has raised $20 million in venture capital funding.

Top Public Cos. Total $134B on 18.7% Gain in Market Cap

ECONOMY: Allergan No. 1 again; Western Digital adds $9.6B

Orange County’s largest publicly traded companies combined for a cool $20 billion boost to their market valuations over the past year, thanks to strong gains by Allergan Inc. and Western Digital Corp., the largest representatives of the local healthcare and technology sectors.

Pyott’s Place: Not Big Pharma

CEO: Cash-Pay Lines, Less Bureaucracy Set Allergan Apart

Call Allergan Inc. the biggest publicly traded company in Orange County. Just don’t call it “Big Pharma.”

Regulators Accept Avanir’s New-Drug Application

AVP-825 Drug-Device Combo to Treat Migraines

Aliso Viejo-based Avanir Pharmaceuticals Inc. wrapped up last month in a busy fashion.

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Hoag Extends Obligation on Women’s Health Services

Hoag Memorial Hospital Presbyterian has entered into a voluntary agreement with state Attorney General Kamala Harris’ office to extend its obligation to provide women’s health services.

New Pharmacy School Gets ‘Leg Up’ From Allergan

EDUCATION: Drug maker gives Chapman program $500K

Chapman University’s new School of Pharmacy is offering a five-year, fast-track path to a doctor of pharmacy degree with the help of a $500,000 grant from the Allergan Foundation, the charitable arm of Irvine-based drug maker Allergan Inc.

Startup Device Maker Raises $32.5M

Irvine-based Axonics Modulation Technologies Inc. completed a $32.5 million first round of financing.