Sherry Hsieh

Staff Reporter

Phone: 949-833-8373 Extension: 242

Recent Stories

Endologix Adds Quality to Firm’s Executive Team

Ex-Abbott Laboratories Jeffrey Fecho Joins Firm

Endologix Inc. (Nasdaq: ELGX) needs to nail down product quality.

Aqua Medical Raises $4M in Series A Round

HEALTHCARE: Sees FDA nod by year-end

The digestive system measures up to 30 feet long in adults, including the esophagus, stomach, small intestine, large intestine, liver and pancreas.

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Allergan CEO Saunders Says OC Operations Stay

Medicine at OCTANe Ophthalmology event

Orange County again proved it’s the center for ophthalmology. Heavy hitters like Aerie Pharmaceuticals Inc., Alcon, Johnson & Johnson Vision, Carl Zeiss Meditec Inc. and Allergan PLC shared their perspectives at OCTANe’s annual Ophthalmology Technology Summit on June 29 at Fashion Island Hotel.

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De Novo Nod for Dialysis Device a 50-Year First

SJC Maker Avenu Said Its System Gives New Option

Don’t call it disruption.

Applied Cardiac Expands HQ with 24/7 Laboratory

Flagship Device Detects Heart Rhythm Disorders

ACS Diagnostics Inc. is moving into exciting, unchartered territory in ambulatory cardiac monitoring with its Food and Drug Administration-cleared CORE 12, which stands for cardiac outpatient real-time ECG.

Incubators BLD Capital, Adventus Launch in OC

STARTUPS: Hood kitchen doubles size, grows offerings

Innovation is the buzzword, but the entrepreneurial spirit isn’t limited to those with ideas for a company, but also unique incubation models.

Device Moves: Medtronic Gets FDA OK for MiniMed

Masimo Debuts Infrared Bluetooth Thermometer

The Food and Drug Administration approved the use of Medtronic PLC’s (NYSE: MDT) MiniMed 670G system in patients with Type 1 diabetes 7 years of age and older.

Soft Health Says Time to Say Goodbye to Bulky Pads

Female Incontinence Product Maker Seeks $3M

Incontinzence, or bladder leakage, is embarrassing, but not uncommon.

Allergan Reports Positive Data on Glaucoma Implant

Meanwhile, More Board Tweaks to Help Reposition

In light of impending generic competition, Allergan PLC recently made the point that its eye care business is more than dry-eye drug Restasis.

Bioskills Cadaver Labs Provider Axis Scales Business

HEALTHCARE: East Coast expansion will add 10,000 SF

Axis Research & Technologies is growing its footprint, starting with the July opening of a 10,000-square-foot facility in Columbia, Md.

Pyott Foundation Gives to Easterseals

The David and Molly Pyott Foundation gave a $1.7 million gift to Easterseals Southern California (ESSC).

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Evolus Adds CMO

Evolus Inc. named Michael Jafar chief marketing officer, a new position, and its second recent hire from the executive ranks of Allergan plc.

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Radical Changes Unlikely at Allergan

HEALTHCARE: Activists seek to unlock shareholder value

A letter from activist shareholders Appaloosa LP in Miami, Fla., and New York-based Senator Investment Group LP to Allergan PLC (NYSE: AGN) last week is a short-term blessing in disguise.

Sterilization-Validation Device Maker Raises Series B

Verrix Plans to File For FDA OK by Year-End

While the medical equipment sterilization market is less hyped than the healthcare startups industry, it’s growing.

BioPhotas Woos Consumers With Hand-Held Device

‘Pod’ Priced to Move, Used For Multiple Conditions

The Orange County medical device scene continues to bustle with activity.

ReShape Raises $1.5M

San Clemente-based ReShape Lifesciences Inc. (Nasdaq: RSLS) raised nearly $1.5 million from several institutional investors for the purchase of 374,572 shares of its common stock at $3.92 per share, according to filings with the Securities and Exchange Commission.

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UCI Health CEO Named

Richard Gannotta was named chief executive of UCI Health, the clinical, medical education and research arm of the University of California-Irvine.

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Aivita Biomedical Raises $15 Million Series B

HEALTHCARE: To hire, grow consumer line, clinical programs

Eighteen-month-old Aivita Biomedical is in pretty good shape for a newly formed company.

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Lil ‘O’ Blossom, Mien ‘Mommy’ Scale Businesses

Baby Items Get Hospital Nod; Additional Colors

Balancing motherhood and a career isn’t just a dream when it comes to Lil ‘O’ Blossom founder and Chief Executive Lorie Collins.

Device Makers Inari, Branchpoint Get FDA Nods

Tennis Deal Gets Masimo Into Fitness Wearables

Irvine-based medical device maker Inari Medical Inc. received Food and Drug Administration clearance for the FlowTriever System, which is used to treat pulmonary embolism, a condition in which one or more arteries in the lungs are blocked by a blood clot.

Billionaire Icahn Takes Allergan Stake

Following a letter from activist investors Appaloosa LP in Miami, Fla., and New York-based Senator Investment Group LP to Allergan PLC’s board of directors that recommends changes—including separating the chief executive and chairman roles—billionaire Carl Icahn also threw his hat in the game, taking an undisclosed position in Allergan, according to Bloomberg.

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ChromaDex Appoints CMO

ChromaDex Corp. (Nasdaq: CDXC) named Lisa Bratkovich chief marketing officer, effective June 4.

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Irvine Scientific Now Fujifilm Subsidiary

Fujifilm Corp. President Kenji Sukeno said the company completed its earlier-announced acquisition of two cell culture media businesses, Irvine Scientific Sales Company Inc. in Santa Ana and Is Japan Co. Ltd. in Tokyo, from Japanese oil and metal conglomerate JXTG Holdings.

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Dendreon Scales Local And International Presence

HEALTHCARE: With Sanpower as owner, plans China facilities

Dendreon Pharmaceuticals LLC is emerging from last year’s sale, its second in three years, stronger than ever, with near-term international expansion in sight. Chief Executive James “Jim” Caggiano said its parent company, Nanjing-based Chinese conglomerate Sanpower Group Co. Ltd., will set up manufacturing facilities in Hong Kong and China.

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Sabra Sells 12 Facilities for $134M

Irvine-based Sabra Health Care REIT Inc. (Nasdaq: SBRA) completed the previously announced sale of 12 facilities leased to Genesis Healthcare Inc. (NYSE: GEN) for $134 million.

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OC Gets Heart: Medtronic, Edwards Report Trial Updates

Hancock Jaffe Labs Revises IPO Numbers

Orange County’s reputation as one of the country’s top medical device hubs is well-deserved, and its cardiovascular disease-focused device makers are buzzing with activity.

Opting for Hope

Annette Walker to Head City of Hope OC in July

The uniqueness of City of Hope’s new cancer center in Orange County speaks for itself—the project certainly caught Annette Walker’s attention.

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Evolus Names CFO

Evolus Inc. (Nasdaq: EOLS) appointed Lauren Silvernail as chief financial officer and executive vice president of corporate development.

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ICU Talks Merger with Smiths Unit

British engineering firm Smiths Group plc (LON: SMIN) confirmed it is in “very early stage discussions about a potential merger of its medical division with ICU Medical Inc. (Nasdaq: ICUI),” according to a company press release.

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REITs Sabra, CareTrust Positive on Payment Reform

Model Increases Skilled Nursing Reimbursement

Proposed payment updates by the Centers for Medicare and Medicaid Services have buoyed skilled nursing, an industry that’s taken a hit from lowered reimbursements.

SAY Finds Backing to Rock Proxy Vote System

Platform Founded in OC, Backed by Investor Legend

A New York-based startup with deep ties to Orange County raised an $8 million seed round led by Stamford, Conn.-based Point72 Ventures, with participation from Quiet Capital, Struck Capital, Core Innovation Capital and other venture and strategic investors.

Blue Shield Steps Up to Care for Chronically Ill

Brings on Landmark To Provide Home-Based Care

Care is moving homeward, driven by patient preference and more importantly, cost.

Endologix’ New Chief Refocuses Firm on Quality

HEALTHCARE: Positive momentum; foresees FDA OK

The past couple of years have been difficult for Endologix Inc. (Nasdaq: ELGX), but conditions appear to be improving at the Irvine-based medical device maker, with a repositioned portfolio and a new leader at the helm.

Bob’s Watches CEO Calls Site Marketing Company

It’s Top Online Seller; Seeks Larger Headquarters

“First, I am not Bob,” said Bob’s Watches owner Paul Altieri.

FDA Sets Evolus Back

Irvine-based Evolus Inc.’s stock (Nasdaq: EOLS) have taken a rollercoaster ride this week. Shares earlier buoyed by news of its new chief executive dove today when it gave updates related to the regulatory progress on the pending approval of its drug candidate DWP-450.

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Ex-Allergan Aesthetics Unit Head Joins Evolus

HEALTHCARE: Wants to make drug big-brand contender

Wall Street is pleased with Evolus Inc.’s (Nasdaq: EOLS) new president and chief executive, David Moatazedi, as shares of the company shot up more than 40% since the news broke on May 7.

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Edwards Strengthens Portfolio with Tricuspid Therapy

First Commercially Available Treatment

Edwards Lifesciences Corp. (NYSE: EW) continues pushing the envelope on cutting-edge transcatheter cardiovascular therapies, recently receiving European CE Mark approval for the Cardioband Tricuspid Valve Reconstruction System for the treatment of tricuspid regurgitation.

Local Business Accelerator Staying Busy

OCTANe Forum Soon; Presents Eight

Aliso Viejo-based accelerator OCTANe will showcase eight LaunchPad companies at its annual Technology Innovation Forum at the Newport Beach Hotel & Spa from May 31 to June 1.

BeLeaf Taps Cannabis Boom, One Degree Removed

Seeks $2 Million, Plans To Add Blockchain

The cannabis industry is booming, generating $9.7 billion in North America last year, up 33% over 2016, according to a report by Arcview Market Research and BDS Analytics that predicts the market will reach $24.5 billion in sales by 2021.

TherOx Raises Debt In Hopes of Launch

HEALTHCARE: 20-plus years later, device co. plans for FDA nod

Irvine-based TherOx Inc. secured debt financing this month from existing investor Zoll Medical Corp. to support a limited launch of its SuperSaturated Oxygen therapy system upon receipt of Food and Drug Administration approval.

Allergan Appoints New Aesthetics Head

Allergan Plc named Carrie Strom as senior vice president of U.S. Medical Aesthetics, reporting to Chief Commercial Officer Bill Meury.

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Evolus Taps Allergan Exec

Evolus Inc. named David Moatazedi president and chief executive. He comes from Allergan plc, where he was most recently senior vice president of U.S. medical aesthetics.

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Biomerica Pivots To Big Stomach Pain Market

HEALTHCARE: Diagnostic test shorter pathway to sales

“All disease begins in the gut,” wrote Greek physician Hippocrates. There’s a lot of truth in the claim; studies have shown that the health of the gastrointestinal system impacts not only the entire body, but also brain and emotional health.

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Givsum Says Its Platform Makes Giving Easier

Online Community To Grow Charitable Giving

While nonprofit organizations aren’t revenue-driven, they’re businesses in the sense that their progress can be measured—more precisely, how much money they raise from donors to support their visions. Irvine-based Givsum Inc., whose platform consolidates elements of philanthropy onto a single platform, is building a community “to solve the big problems of the world,” said Chief Strategy Officer and General Counsel Robert Kollar.

Avid Expands Biologics Manufacturing Capabilities

Increases Lab Space; Adds Three Customers

Avid Bioservices Inc. (Nasdaq: CDMO) is moving on. It’s bid farewell to its days as immuno-oncology drug developer, including divesting its lead immune-oncology drug, and is growing its position as a pure-play biologics manufacturing business.

Allergan Considers Options

Allergan PLC Chief Executive Brent Saunders told investors on Monday that the company is evaluating a range of strategic options, including “splitting the company.”

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Allergan Q1 Beats Street Estimate

Allergan Plc posted first quarter earnings that beat analyst estimates and raised its revenue guidance for 2018.

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Heartstitch Gets European Regulatory OK for Device

Technology Used For Mitral Valve Repair

The next frontier in the interventional cardiology world is transcatheter mitral valve repair and replacement.

BioCorRx Seeks FDA Nod for Addiction Product

Studying Program Effectiveness Using VR

BioCorRx Inc. Chief Executive Brady Granier said the company’s history of treating addiction long predates President Donald Trump’s public health emergency declaration over opioid addiction.

Providence Head Talks Plans After Merger Dies

HEALTHCARE: Care close to patients, tech in the center

Were St. Louis, Mo.-based Ascension Healthcare and Renton, Wash.-based Providence St. Joseph Health to merge, the health systems would be the largest U.S. owner of hospitals, with 191 across 27 states and the District of Columbia between them—topping Nashville-based HCA Healthcare Inc., which has 177 hospitals in 20 states and the United Kingdom.

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