Orange County Business Journal

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Edwards Lifesciences Expands HQ With Buy

Edwards Lifesciences Corp. has bought a midsized building next to its headquarters that’s under expansion in Irvine.

By Mark Mueller, Sherry Hsieh May 25, 2017 7:33 a.m. share »

TherOx to File for FDA Approval for Oxygen Product

Irvine-based device maker TherOx Inc. plans to file for U.S. Food and Drug Administration approval early next year on a product that delivers “super-saturated oxygen”—a saline solution with the patient’s blood that contains seven times normal oxygen levels—for treatment of heart attack patients.

By Sherry Hsieh May 22, 2017 midnight share »

Allegro Team Believes Third Time’s the Charm

Father and son Hampar and Vicken Karageozian plan to take their company to the exit sans venture capital. San Juan Capistrano-based Allegro Ophthalmics LLC, which develops drugs for vitreoretinal diseases—those that affect the back part of the eye, such as diabetic retinopathy and macular degeneration—is the third company that Hampar Karageozian have co-founded. Previous endeavors include eye drugmakers Vitreoretinal Technologies Inc. in Irvine and ISTA Pharmaceuticals Inc., founded in 1999 and 2000, respectively.

By Sherry Hsieh May 22, 2017 midnight share »
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Sabra to Double Workers, Add Space After Merger

Sabra Health Care REIT Inc. in Irvine said its pending merger with Care Capital Properties Inc. in Chicago strengthens its portfolio, despite a return to a majority skilled nursing concentration.

By Sherry Hsieh May 18, 2017 11:24 a.m. share »
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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.

By Sherry Hsieh May 15, 2017 10:44 a.m. share »

Nemus Diversifies R&D With $20 Million Investment

Nemus Bioscience Inc., a preclinical biopharmaceutical company developing cannabinoid-based drugs, has secured its largest financing to date.

By Sherry Hsieh May 15, 2017 midnight share »

Shy One No More

Suzanne Richards, system chief executive for for-profit, eight-hospital KPC Global Management LLC, has made a career as a hospital restructuring expert. She took on her first KPC hospital in 2012 and increased earnings of the 101-bed acute care hospital in Victor Valley from $300,000 to $6 million in a year.

By Sherry Hsieh May 15, 2017 midnight share »

ChromaDex Could Get A Lot For Billionaire’s $25M

ChromaDex Corp.’s recent coup—a planned $25 million investment by Hong Kong billionaire Li Ka-Shing—looks to boost the Irvine-based ingredients maker’s work in the wider world in at least two ways:

By Sherry Hsieh May 15, 2017 midnight share »
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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.

By Sherry Hsieh, Paul Hughes May 8, 2017 9:29 a.m. share »

‘New Generation’ HCP Struggles to Keep Executives

Irvine-based real estate investment trust HCP Inc., which spun off its skilled nursing portfolio and sold a good portion of its senior housing properties this spring, enters into a new phase with “three or four steps forward, one step back,” Executive Chairman Mike McKee said.

By Sherry Hsieh May 8, 2017 midnight share »

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