HEALTHCARERecent and archived news stories on: Biotechnology, Doctors, Drugs, Health Insurance, HMO's/PPO's, Hospitals, Medical Devices, Nursing...
Johnson & Johnson in New Brunswick, N.J. will buy Abbott Medical Optics in Santa Ana for $4.3 billion in cash. The deal is expected to close early next year.
Aerie Pharmaceuticals Inc. plans to offer $125 million in stock next week.
Chapman University’s School of Pharmacy has opened its first center, which focuses on targeted drug delivery.
Allergan Plc will buy Vitae Pharmaceuticals Inc. for about $639 million.
The La Palma-based Innovation Institute has signed an agreement with the Westport, Conn.-based Society of Physician Entrepreneurs, a biomedical and healthcare innovation network of more than 25,000 members in some 20 chapters worldwide.
AcuFocus Inc. in Irvine received $66 million in a funding round led by KKR & Co. LLP in New York.
Rox Medical in San Clemente got $40 million in Series E financing led by Novartis Venture Fund and Apple Tree Partners, with participation by Versant Ventures and Domain Associates.
Blockade Medical in Irvine has been sold to Balt International in Paris on undisclosed terms.
Allergan Plc bought RetroSense Therapeutics for $60 million and milestone payments.
UC Irvine Health in Orange will provide emergency room services on Catalina Island beginning today.
Irvine-based Lombard Medical Inc. said it would exit the U.S. market and explore “strategic alternatives” for its business in other markets.
Smile Brands Group Inc. in Irvine has been acquired by private equity firm Grpyhon Investors in San Francisco on undisclosed terms.
Alphaeon Corp. in Irvine named Murthy Simhambhatla president and chief executive to replace Robert Grant.
OCTANe in Aliso Viejo will work with California Life Sciences Association on statewide advocacy and programs for supporting Orange County life sciences companies.
Aliso Viejo-based OCTANe announced Monday that startups that completed its LaunchPad accelerator raised nearly $75 million in the second quarter, according to Chief Executive Bill Carpou.