HEALTHCARE
Mistrial in Mazzo Insider-Trading Case
A mistrial was declared Friday in the insider trading case against Jim Mazzo, global president of ophthalmic devices at Carl Zeiss Meditec AG in Germany, while two others—former Angels player Doug DeCinces and friend David Parker—were found guilty of multiple charges, the U.S. Department of Justice said.
Healthcare REITs to Merge
Sabra Health Care REIT Inc. in Irvine and Care Capital Properties Inc. in Chicago plan an all-stock merger that’s expected to close in the third quarter.
Axonics Raises $14.5M
Axonics Modulation Technologies Inc. closed $14.5 million in series C financing, pushing its total fund-raising past the $85 million mark.
Eye Device Maker Lands $21M
Irvine-based LensGen Inc. has closed $21 million series A financing, with an option to expand the financing commitment by an additional $5 million.
China Billionaire to Take ChromaDex Stake
ChromaDex Corp. in Irvine said Hong Kong investor Li Ka-shing would buy up to $25 million of its common stock in a private placement.
FDA Approves Allergan Dry Eye Device
Allergan PLC received Food and Drug Administration approval for TrueTear Intranasal Tear Neurostimular, a device that temporarily increases tear production via electrical stimulation.
Glaukos’ $5.5M Buy Grows Line
Glaukos Corp. in San Clemente paid $5.5 million to Dose Medical Corp. in Laguna Hills for wireless sensor technology to incorporate into Glaukos’ eye stent product line to treat glaucoma.
Biolase to Raise Up to $17.6M
Biolase Inc. in Irvine plans to raise up to $17.6 million, including warrants, in a private placement with several investors.
Quality Systems in $34M Buy
Quality Systems Inc. subsidiary NextGen Healthcare Information Systems LLC will buy Entrada Inc. for $34 million.
Alliance Goes Private
Alliance HealthCare Services Inc. in Newport Beach will be taken private by Tahoe Investment Group Co., Ltd. in Fuzhou, China in a deal that values Alliance at about $145 million.
Concierge Health App Planned
Former Alphaeon Corp. Chief Executive Robert Grant said he will launch an app this fall for consumers to schedule and access on-demand specialist physicians in fields such as orthopedics, cardiology and brain surgery.
Endologix Signs $170M Debt Deal
Endologix Inc. in Irvine agreed on a debt package of $170 million with New York private equity firm Deerfield Management Co., which now also holds rights to buy 6.5 million Endologix shares at $9.23 apiece.
Apax to buy Syneron for $397M
Apax Partners LLC has agreed to buy Syneron Medical Ltd. for $397 million in cash.
HCP President to Depart
HCP Inc. President Justin Hutchens will leave the Irvine-based healthcare-focused real estate investment trust to lead Darlington, England-based HC-One Ltd. as chief executive.
Chapman Dean Adds Pharma Group Duties
Nancy Alvarez, assistant dean of experiential education and continuing professional development for Chapman University’s School of Pharmacy, was inducted Monday as the 162nd president of the American Pharmacists Association.
