Orange County Business Journal


Recent and archived news stories on: Biotechnology, Doctors, Drugs, Health Insurance, HMO's/PPO's, Hospitals, Medical Devices, Nursing...
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Segerstrom Daniels Gives $5M to CHOC Mental Health Program

Children’s Hospital of Orange County said today it's building a new children’s mental health inpatient center as part of an initiative that will be supported by a $5 million gift from Sandy Segerstrom Daniels.

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Edwards Suspends Valve Study

Irvine-based Edwards Lifesciences Corp. said today that it is voluntarily halting enrollment in an early clinical trial for an experimental, less-invasive mitral heart valve.

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Biolase Names CEO

Irvine-based Biolase Inc. said today that Harold Flynn Jr. will become its new chief executive, effective July 13.

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Masimo's $467M Verdict Upheld

Irvine-based Masimo Corp. said today that a federal court in Delaware has upheld a $467 million jury verdict in its favor against a pair of Netherlands-based Royal Philips Electronics NV's units for patent infringement.

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Glaukos Files for IPO

Laguna Hills-based Glaukos Corp. has filed plans to raise $86 million in an initial public offering.

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HCP Buys Philadelphia Building

Irvine-based HCP Inc. has acquired a building in Philadelphia for $161 million, according to a federal filing.

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Alphaeon Adds Two Directors

Irvine-based Alphaeon Corp. said today that it named former Securities and Exchange Commissioner Christopher Cox and Silicon Valley executive Dennis Wolf to its board of directors.

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Ensign Buys 3 Nursing Facilities

Mission Viejo-based Ensign Group Inc. said today it bought one skilled nursing facility in Washington and a subsidiary bought two skilled nursing facilities in Utah, on undisclosed terms.

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UCI Gets Up To $5 Million for Blood Work

University of California-Irvine said it will get up to $5 million over five years from the federal National Institute of Allergy & Infectious Diseases to further develop a bloodstream infection-detection system that speeds diagnosis times and improves accuracy.

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Maletta Goes to Irish Drug Maker

Matthew Maletta, a former associate general counsel with Irvine-based Allergan Inc., was named chief legal officer of Endo International plc.

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Device Maker Gets $26M Loan

Irvine-based startup Lombard Medical Inc. said today it received a $26 million loan facility from a financier.

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Edwards Posts Profit

Irvine-based Edwards Lifesciences Corp. reported a profit of $123.4 million, more than double the total for the same period a year ago.

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ReShape Medical Gets $12M Loan

San Clemente-based medical device maker ReShape Medical Inc. has received a $12 million loan from a pair of financiers.

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FDA Clears AcuFocus Inlay

The Food and Drug Administration has approved Irvine-based AcuFocus Inc.’s Kamra corneal inlay for treating presbyopia.

Medtronic Valve Gets FDA OK for Use in Procedure

Product For Patients With High, Extreme Risks

Medtronic CoreValve, a less-invasive heart valve that has Orange County roots, recently received the green light from the Food and Drug Administration for use in what’s known as “valve-in-valve” procedures for treating people whose surgical aortic valves have failed.