MANUFACTURING

Presbia Cuts Back; Execs Resign

Presbia PLC’s executive chairman and chief executive have resigned and the eye care device maker said it would cut expenses as it considers a $5 million investment from an affiliate of its majority shareholder.

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Another Top Executive Leaves Allergan

Allergan PLC (NYSE: AGN) Chief Operating Officer Robert Stewart will resign to become president and chief executive officer of Amneal Pharmaceuticals LLC starting January 25, according to filings with the Securities and Exchange Commission.

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Aerie Gets Early FDA OK

Irvine-based Aerie Pharmaceuticals received Food and Drug Administration approval for its glaucoma eye drop Rhopressa two months ahead of an informal goal date in February.

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Spectrum Pharma Swaps Out CEO

Spectrum Pharmaceuticals Inc. said its board dismissed its Chief Executive Rajesh Shrotriya without cause in accordance with Shrotriya’s agreement with the company, effective immediately.

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CoolSys Hires New CFO, COO

CoolSys, a newly rebranded refrigeration company based in Brea, named Andy Mandell chief financial officer and Amy Freeman chief operating officer.

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Karma Names CEO

Irvine-based Karma Automotive LLC tapped Liang Zhou to replace Thomas Corcoran as chief executive of the luxury carmaker.

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Samueli a Fellow of National Group

Henry Samueli has been named a fellow of the National Academy of Inventors for 2017.

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Toshiba, Western Dig Reach Deal

Toshiba Corp., its memory unit and San Jose-based Western Digital Corp. have struck an agreement to resolve several legal and arbitration disputes that stalled the $18 billion proposed sale of Toshiba Memory Co.’s flash storage business.

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Broadcom Beats and Boosts

Singapore-based Broadcom Ltd., which operates a major hub in Irvine, closed the books on its fiscal year with sizeable gains in revenue and net income.

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Edwards Pays $100M for Mitral Device Maker

Edwards Lifesciences Corp. in Irvine bought Harpoon Medical Inc. in Baltimore on Dec. 1 for $100 million; milestone payments over the next decade could bring the total price to $250 million.

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TTM in $775M Deal for NY Manufacturer

TTM Technologies Inc. has agreed to pay $775 million to affiliates of New York private equity firm Veritas Capital for East Syracuse-based Anaren Inc.

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'Grey Friday': Nov. Sales Mixed for OC Carmakers

OC-based automakers saw mixed sales results in November and year-to-date.

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RSI Sells for $1.075 Billion

RSI Home Products Inc., an Anaheim manufacturer started by Ron Simon, is selling itself in a deal worth $1.075 billion to American Woodmark Corp. (Nasdaq: AMWD).

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Boardriders Wants to Buy Billabong

Huntington Beach-based Boardriders Inc. offered to buy the shares of Billabong International Ltd. (ASX: BBG) it doesn’t yet own for $1 apiece, in a deal that values Billabong at about $150 million.

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Avanir Restructures, Will Cut 11% of US Workforce

Avanir Pharmaceuticals Inc. will lay off 73 employees by the end of January from its US work force as part of a restructuring. We’re told the majority will be outside of its Aliso Viejo headquarters.

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