Orange County Business Journal

HEALTHCARE

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

FDA OK for Next Phase of Direct Flow Valve Trial

Results From Europe Show ‘Positive Trend’

A federal approval and newly released clinical trial results have put a spotlight on Direct Flow Medical Inc., a Santa Rosa-based heart valve startup that makes its devices in Lake Forest.

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Valeant, Ackman Hike Allergan Bid Again

Valeant Pharmaceuticals International Inc. today added more cash to its hostile takeover bid for Irvine-based Allergan Inc.

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Valeant Raises Bid for Allergan

Valeant Pharmaceuticals International Inc. has added more cash to its hostile bid for Irvine-based drug maker Allergan Inc., raising the total offer to about $50 billion.

Pyott’s Plan: Keep Calm and Counterpunch

Allergan Boss Works Back Channels to Fend Off Valeant

A team of specialists will continue Allergan Inc.’s battle for the minds and wallets of shareholders this week, when Valeant Pharmaceuticals International Inc. is expected to hike its $47 billion hostile bid for the Irvine-based drug maker.

LehmanMillet Gets Strategic to Nab Avanir Account

ADVERTISING: Santa Ana firm’s new division key to win

A new approach by a Santa Ana-based healthcare advertising agency appears to be bearing fruit.

St. Joseph Health Chief Executive Lauded

Deborah Proctor, chief executive of Irvine-based St. Joseph Health, received the 2014 Woman of the Year award from the Women in Health Administration of Southern California.

Medical Device Tax Repeal Effort Resurfaces in Senate

Levy Meant to Raise $30B for Health Reform

Along-running effort to repeal a federal tax on medical device makers’ revenue flared up yet again this month.

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Investors: Valeant Must Hike Allergan Bid

Valeant Pharmaceuticals International Inc. should raise its unsolicited offer to buy Irvine-based Allergan Inc. to roughly $53.5 billion to $59.5 billion or $180 to $200 a share, according to an investor survey released today by JP Morgan.

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Proctor Wins Health Administration Group Award

Deborah Proctor, chief executive of Irvine-based St. Joseph Health, received the 2014 “woman of the year” award from the Southern California Women in Health Administration.

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Cancer Device Company Gets $10M

Aliso Viejo-based medical device maker Cianna Medical Inc. got a $10 million financing deal from GE Capital Health Finance Services.

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Allergan Board Stands By Pyott, Refutes Ackman

Irvine-based Allergan Inc. today fired back at activist investor Bill Ackman in a tersely worded letter prompted by Ackman’s conflict of interest charges against Chairman and Chief Executive David Pyott.

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Cymetrix Sells for $75 Million

Irvine-based Cymetrix Corp., a financial services provider specializing in hospital systems, has been acquired for about $75 million by Navigant Consulting Inc. in Chicago.

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Analyst: Allergan Likely to Stand Alone

Allergan Inc. is likely to remain a standalone company, according to recent report by a veteran analyst.

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Valeant to Hike Allergan Bid

Valeant Pharmaceuticals International Inc. said today that it will put in an “improved offer” to buy Irvine-based Allergan Inc.