Sherry Hsieh

Staff Reporter

Email: hsieh@ocbj.com
Phone: 949-833-8373 Extension: 242

Recent Stories

Aerie to Build Manufacturing Facility in Ireland

Site to Support 2020 Global Commercialization

Aerie Pharmaceuticals Inc. (NASDAQ: AERI) continues to ramp up in anticipation of upcoming Food and Drug Administration approval of glaucoma drug Rhopressa.

Accelerator Helps Launch On-Demand Tire Service

Startup Bets People Want Things ASAP

Irvine-based accelerator Cie Digital Labs and auto industry veteran James Chen are betting on the fact that today’s consumers want things ASAP—as soon as possible—including tire installation service.

Taiwanese Company Says Irvine Device Stronghold

Plans to Strengthen US HQ as R&D Center

He pointed out that while the company is a relatively new player in the U.S.—it received Food and Drug Administration approval of its knee and hip replacement products in the early 2000’s but didn’t start selling in the U.S. until 2014—“we have a long history in providing innovative orthopedic implants and instrumentation product.”

Stem Cell Co. Closes in on FDA Nod for Pet Treatment

HEALTHCARE: Kingston’s John Tu among investors

Ever since scientists discovered stem cells are capable of self-renewal, making an unlimited supply of specialized tissue, the promise of using them to treat a variety of diseases has captured many people’s imagination, including serial entrepreneur Tom Yuen.

Ivantis Anticipates 2018 Clearance for Eye Device

Submitted Final Trial Results to FDA Regulators

Hopes are high for Irvine-based Ivantis Inc., which anticipates receiving market approval from the Food and Drug Administration next year for its Hydrus Microstent.

Peregrine Full Speed Ahead in Shift to CDMO

HEALTHCARE: Board to add manufacturing experience

Less than six months since investors issued a public statement calling for Peregrine Pharmaceuticals Inc. to cease clinical development activities of its cancer drug and focus on growing its biologics manufacturing business, the company is well on its way to completing the transition.

The Next VR Trend in OC is the Virtual Restaurant

Dish Republic Owners Bring NYC Thing to OC

New Yorkers Gregory Swift and Heather Ryan were struggling with Orange County culture. “We knew it was different than Manhattan.

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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VR Startup PlayWerk Raises $2.2M in Seed Funding

Newport Beach Investor K5 Ventures Led Round

Industrial virtual reality company PlayWerk takes work and play up a notch.

Cianna Sees Double With New FDA OK

HEALTHCARE: Plans to expand customer support team

Cianna Medical Inc. said its latest clearance from the Food and Drug Administration for its SAVI SCOUT reflector to be used for long-term implant makes its SCOUT system the first and only wire-free radar breast tumor localization system for long-term implant use.

CombiMatrix Completes Sale to InVitae in Bay Area

Former CEO McDonough Says Irvine Ops Remain

Irvine-based CombiMatrix Corp. completed its earlier-announced merger with InVitae Corp. and is now a wholly-owned subsidiary of the San Francisco-based genetic information company.

RxSight Gets FDA OK

RxSight Inc. received Food and Drug Administration approval for its Light Adjustable Lens technology.

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Champion of Causes

CHOC’s Smith Strives to Give Back

Sheniece Smith is a champion of causes. In addition to her full-time job as associate general counsel for Children’s Hospital of Orange County, she’s actively engaged in pro bono work.

Guardian of Shareholder Interest

Glaukos’ Davis ‘Brings Business-Minded Approach’

Robert Davis joined Glaukos Corp. (NYSE: GKOS) in June 2015, a month before the device company went public.

Health REITs Diversify Portfolios

HCP to Exit Brookdale; Sabra Plans Some Quiet Time

Senior housing-focused real estate investment trusts are betting on the demands of an aging society—for more senior housing.

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Veteran Investor Bill Link New Lensar Chairman

Device Maker Had Ties To Alphaeon, Strathspey

Lensar Inc. has more ties to the Orange County business community than its Orlando, Fla.-based headquarters address lets on. The medical device maker, which filed for Chapter 11 bankruptcy in December, emerged with a stronger balance sheet and tapped Bill Link as chairman of its board of directors.

Merage Business School Brings Israeli Entrepreneurs

Winner Develops Smart Asthma Technology

The Paul Merage School of Business at the University of California-Irvine brought 19 Israeli startup executives to Orange County to participate in its two-week U.S.-Israel Innovation Bridge Executive Leadership Program on medical devices last month.

ChromaDex Lands Strategic Silicon Valley Dollars

New Investor’s Top Client Includes Facebook Founder

ChromaDex Corp. in Irvine will raise $23 million via the private placement on Nov. 17 of 5.6 million common shares at $4.10 apiece, which follows a $25 million investment led by Hong Kong billionaire Li Ka-Shing that concluded in August.

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ICU Guides EBITDA Up

ICU Medical Inc. in San Clemente reported revenue of about $343 million in its most recent quarter, compared with about $97 million in the same period prior year.

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ChromaDex Sales Up in Q3

Irvine-based ChromaDex Corp. reported $6.1 million in sales for its most recent quarter, up 55% year-over-year, and a net loss of $3.2 million, about 30% more than the same period last year.

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MemorialCare to Close LB Hospital

Community Medical Center Long Beach, one of Fountain Valley-based MemorialCare Health System’s three hospitals in the area, will soon close due to not meeting earthquake building standards.

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ChromaDex Lands $23M Private Placement

Irvine-based ChromaDex Corp. will sell more than 5.6 million shares of its common stock at a purchase price of $4.10 per share, or about $23 million.

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Prosthetics Maker Freedom Innovation Ups Game

HEALTHCARE: Merged with Ottobock, plans IPO in 2 years

When your private equity investor wants to cash out, it’s often with a sale. Irvine-based Freedom Innovations LLC said it couldn’t be happier with a strategic partner like German prosthetics maker Ottobock.

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OCTANe Pivots to Later-Stage Cos.

Plans to Move Upmarket And Grow Reg’l Presence

OCTANe was created in 2002 to bring together resources, expertise and capital to help grow biomedical and information technology startups.

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CalChoice Seeks to Remain Competitive on Price

Launch Rate Parity Plan From Kaiser Next Year

The current healthcare bill debate primarily impacts the individual market, but uncertainty remains for insurers and carriers.

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Hoag Orthopedic Taps St. Joseph Hoag CFO to Lead

HEALTHCARE: Plans to partner to grow outpatient care

Irvine-based Hoag Orthopedic Institute, a unique for-profit joint venture comprised of two groups of orthopedic surgeons and a nonprofit hospital, is positioned for growth with a new chief executive at the helm.

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Allergan Q3 Beats, Street Not Impressed

Allergan PLC grew sales by 11% in the third quarter, led once again by its flagship drug BOTOX.

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HCP to Reduce Brookdale Concentration

HCP Inc. fronted its quarterly earnings report by giving some specific ways it will cut from 27% to about 16% the amount its Brookdale Senior Living unit contributes to earnings.

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Masimo Reports Strong Q3, Guides Higher

The Irvine device maker reported total revenue of $193.7 million, including $12.4 million in royalties and other revenue, up more than 15% from the same period a year ago.

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CareTrust Buys SoCal Skilled Nursing Assets

San Clemente-based CareTrust REIT Inc. acquired a three-facility 529-bed skilled nursing portfolio in Southern California from Providence Group for $69 million. The portfolio will yield approximately $6.1 million in initial annual cash rent.

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Allergan Gets China OK for Eye Device

Allergan PLC received Chinese regulatory approval for Ozurdex, an eye implant designed to treat adults with macular edema following retinal vein occlusion—an eye stroke.

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Allergan in Tight Spot for Blockbuster Drug Restasis

Fights 2 Patent Battles; No Sub Blockbuster in Wings

A recent federal district court ruling—a federal judge invalidated exclusive protections for dry-eye drug Restasis—isn’t sitting well with Allergan PLC.

OC Places More Emphasis on Integrative Care

Reports Positive 1st-Year Data, Opens More Clinics

Part of the equation of providing good care while keeping cost affordable is to bring medical care away from hospitals and into communities.

Dendreon Adds 5 Senior Execs

Dendreon Pharmaceuticals LLC expanded its senior management with three new hires and two promotions.

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Pickup Family Gives Hoag $15M

Hoag Memorial Hospital Presbyterian in Newport Beach received a $15 million gift for its neurosciences institute from longtime local philanthropists the Pickup Family Foundation.

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Edwards Builds-Out ‘Tool Box’

Edwards Lifesciences Corp. reported $481 million in global sales for its core transcatheter heart valve technology, up some 17% from the same period a year ago but down compared with its last two quarters—$539 million for the first quarter and $487 million for the second quarter.

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Catheter Maker Raises $3M

Spinal Singularity in San Clemente raised $3.1 million in seed funding to support development of its connected catheter designed for adult men with chronic lower urinary tract dysfunction.

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BioPhotas Says Diabetic Wound Healing Next

HEALTHCARE: Light therapy device used for pain, aesthetics

BioPhotas Inc. in Anaheim plans to tackle the Holy Grail of perpetual, nonhealing wounds with its light therapy device Celluma.

Cell and Gene Therapies Hot with Fast-Track OK

Japan Laws Approve Product in 6 Months

The cell and gene therapy industry continues to capture the interest of investors of all types, including international investors attending the Cell and Gene Meeting on the Mesa, a three-day conference at the Estancia La Jolla Hotel & Spa this month.

Applied Medical Expands Manufacturing in Europe

OC Presence Includes 18 Buildings, 1.4M SF

Applied Medical Resources Corp. in Rancho Santa Margarita expanded its European operations this month with the opening of a 215,000-square-foot manufacturing, research and development facility at its European headquarters in Amersfoort, Netherlands.

Allergan Plans To Appeal Restasis Decision

Allergan PLC raised eyebrows last month when it announced its patent deal with an American Indian tribe in New York, transferring the rights for its eye drug Restasis to the Saint Regis Mohawk Tribe.

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Konica Completes Ambry Buy

Japanese printer maker Konica Minolta Inc. and Innovation Network Corporation of Japan (INCJ) closed their joint acquisition of genetic diagnostics company Ambry Genetics Corp., in Aliso Viejo.

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Patient Monitoring Device Maker Plans $5M Series B

HEALTHCARE: Hopes to have five products 2018

ECOM Medical Inc. in San Juan Capistrano plans to raise $5 million series B preferred to grow sales of its Endotracheal Cardiac Output Monitor, or ECOM, a system that provides real-time blood-flow information used in post-surgery critical care monitoring. It includes a monitor and a tube that’s inserted through the trachea.

Aerie Buys Envisia Technology to Expand Pipeline

To Speed Advancement In Back-of-Eye Uses

Irvine-based Aerie Pharmaceuticals Inc. bought the rights to use Envisia Therapeutics Inc.’s PRINT technology for $25 million in cash and Aerie common stock, with additional milestone payment potential.

Dementia, Related Issues Take Spotlight at Conference

Seniors Poised to Be Quarter of OC Population

Orange County’s population is 3.2 million, and 13.5% of residents are 65 and older, a segment projected to double by 2040, according to a report by Orange County Healthy Aging.

Renewed Smile Brands Plans Nationwide Buildout

HEALTHCARE: Growing after buyback, launches dental plan

A turnaround story is nice, but it’s even better when you have the original players back in the game for round two. Irvine-based Smile Brands Group Inc., with Chief Executive Steve Bilt back at the helm, is shopping for dental practices.

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Minn.-Based Entero Buys Another OC Co.

HEALTHCARE: To move to San Clemente ReShape office

Orange County’s robust medical device scene will soon welcome a new addition from St. Paul, Minn.: EnteroMedics Inc.

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OrthAlign Raises $10M Series D to Fund Growth

HEALTHCARE: To go from 1 to 5 products

Aliso Viejo-based OrthAlign Inc. believes it’s positioned for growth with a new management team in place and fresh capital.

EnteroMedics Buys OC Company

St. Paul, Minn.-based EnteroMedics Inc. acquired ReShape Medical Inc. in San Clemente for $61 million cash and stock.

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Botox Approved for Forehead Lines

Allergan PLC received Food and Drug Administration approval to use Botox to temporarily reduce moderate to severe forehead lines.

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