Vita Reed covers healthcare, including health insurance, hospitals, medical devices and drug companies for the Orange County Business Journal. She can be reached at firstname.lastname@example.org.
HEALTHCARE: Bid for Allergan looks light despite last week’s stir
Did Valeant Pharmaceuticals International Inc. make David Pyott’s point last week?
Irvine-based Ivantis Inc. said it raised $25 million in its second round of financing. It said it plans to use the money to support ongoing clinical trials for its Hydrus microstent, which is implanted into the eye to treat glaucoma. Glaucoma is a major cause of blindness around the world.
Senate Divided on Levy Meant to Boost Reform
One of the medical device industry’s favorite topics—repealing a federal tax on its companies’ revenues—has resurfaced yet again in Congress.
Aliso Viejo-based Microsemi Corp. said that James V. Mazzo has resigned from its board of directors.
Veteran Orange County medical device executive James V. Mazzo was added to a federal grand jury indictment on insider trading charges, the Department of Justice said today.
Canada-based Valeant Pharmaceuticals International Inc., which is attempting a hostile takeover of Irvine-based Allergan Inc., got a lift in early trading today after it released a preview of its results for the current quarter.
Aliso Viejo-based Avanir Pharmaceuticals Inc. is offering $200 million of its shares to the general public.
Irvine-based Ivantis Inc. said today that it raised $25 million in its second round of financing.
Irvine-based Allergan Inc. is in advanced talks to buy Salix Pharmaceuticals Ltd. after turning down a buyout offer from Actavis PLC, according to a report today in the Wall Street Journal.
HEALTHCARE: Pyott says no rush for deal ahead of Dec. 18 meeting
Potential deals are once again taking center stage as Irvine-based Allergan Inc. continues its fight to keep its independence.