HEALTHCARE

Allergan Cuts 109 Jobs

Allergan PLC laid off 109 employees at its Irvine campus, according to a recent report to the state Employment Development Department.

Tease photo

ChromaDex to Sell Testing Business

ChromaDex. Corp. will sell its analytical testing business to Laboratory Corp. of America Holdings in Burlington, N.C.

Tease photo

St. Joe’s Afable Will Retire

Richard Afable, executive vice president of Providence St. Joseph Health Southern California Region, said he will retire in December.

Tease photo

Robinson In $417M Verdict Over J&J

A Los Angeles jury ordered Johnson & Johnson to pay $417 million to a 62-year-old Los Angeles woman who blamed her ovarian cancer on the company’s talc, in the first California trial over the product.

Tease photo

Sabra Completes CCP Buy

Irvine-based Sabra Health Care REIT Inc. and Care Capital Properties Inc. in Chicago announced completion of their all-stock merger despite shareholder backlash.

Tease photo

Sabra-CCP Deal Gets Shareholder OK

Sabra Health Care REIT Inc. shareholders voted to approve a proposal to issue common stock related to a pending $7.4 billion merger with Care Capital Properties Inc., a transaction scheduled to close Thursday.

Tease photo

Grants at UCI Top $375M

University of California-Irvine researchers received more than $378 million in grants and contract funding for fiscal 2016-17, the second-highest total in campus history, UCI said.

Tease photo

Market Concerned About Sabra REIT’s CCP Buy

But Company Plans To Go Forward With Deal

Irvine-based Sabra Health Care REIT Inc.’s $7.4 billion all-stock merger with Care Capital Properties Inc. in Chicago—which will create a company with a portfolio of 546 investments across 43 states and Canada—faces some headwinds after proxy advisory firm Institutional Shareholder Services Inc. recommended Sabra shareholders oppose the acquisition.

Tease photo

Accelerators Help Bridge County’s Vast Sprawl

Jumpstart Companies By Various Means

Accelerators play a multifaceted role in any startups ecosystem, providing access to investors and mentors and helping companies scale.

Tease photo

CombiMatrix To Be Bought By Year-End

HEALTHCARE: SF-based InVitae grows family health

CombiMatrix Corp. announced InVitae Corp. in San Francisco is acquiring it. It’s an all-stock deal expected to close by the end of the year, valued at $33 million to CombiMatrix stock and warrant holders.

Tease photo

St. Joseph Hoag Expands Wellness Corners Strategy

Takes Employer-Based Model to Community

Irvine-based St. Joseph Hoag Health has rolled out its latest iteration of Wellness Corner inside an LA Fitness.

Tease photo

Allergan Q2 Strong, Raises Guidance

Allergan plc reported revenue of $4 billion for its most recent quarter, up 9% year-over-year and driven primarily by its Irvine-based aesthetic portfolio that includes Botox and dermal filler Juvederm.

Tease photo

Masimo Beats Q2, Stock Slides 9%

Masimo announced strong second quarter results, total revenue rose 11.8% from $172.6 million to $192.9 million, including royalties. Product revenue rose 11.1% to 182.8 million.

Tease photo

Senior Living Dampens HCP Q2

Irvine-based healthcare real estate investment trust HCP Inc. reported funds from operations—FFO, the REIT equivalent of earnings—of $0.35 per share, down from $0.51 per share in the first quarter and $0.71 per share a year ago.

Tease photo

CombiMatrix Sells for $33M

CombiMatrix Corp. in Irvine said it will be bought by Invitae Corp. in San Francisco for $33 million in stock.

Tease photo