Orange County Business Journal

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Miller-Phipps to Kaiser’s Georgia Plan

Kaiser Permanente said Friday that Julie Miller-Phipps, vice president and executive director of Kaiser Foundation Hospitals and Health Plan in Orange County, was named president of Kaiser Foundation Health Plan of Georgia.

Lifestyle Healthcare Company Grows, Rumored for IPO

HEALTHCARE: Alphaeon closes in on nine figures

Irvine-based Alphaeon Corp.’s focus on “lifestyle healthcare” is pushing the company close to nine figures in revenue and positioning it for a potential initial public offering.

REIT Spends $59 Million on Properties

Irvine-based Sabra Healthcare REIT Inc. said it bought eight properties in three states for $59.1 million.

Edwards Lifesciences’ Pipeline Cited on Upgrade

Plus Good Clinical Trial News, Valve’s US Release

Irvine-based heart valve maker Edwards Lifesciences Corp.’s pipeline and positive second-quarter news recently landed it an upgrade from Chicago-based Zacks Investment Research to a “buy” ranking.

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Miller-Phipps to Kaiser’s Georgia Plan

Kaiser Permanente said today that Julie Miller-Phipps, vice president and executive director of Kaiser Foundation Hospitals and Health Plan in Orange County, was named president of Kaiser Foundation Health Plan of Georgia.

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Allergan Laying Off 40 in Carlsbad

Irvine-based drug maker Allergan Inc. filed papers with state officials saying it will lay off 40 workers in Carlsbad, effective Nov. 28, according to a Worker Adjustment and Retraining Notification notice filed with the state Employment Development Department.

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Hoag Invests in Surgery Center

Hoag Memorial Hospital Presbyterian said it’s invested an undisclosed amount of money in the Newport Bay Surgery Center in Newport Beach.

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Sabra Spends $59.1M for Properties

Sabra Healthcare REIT Inc., which is based in Irvine, said today that it bought eight properties in three states for $59.1 million.

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Alphaeon Buys Utah Software Co.

Irvine-based Alphaeon Corp. has bought the worldwide licensing rights to TouchMD, a line of software for doctors, for $22 million.

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Ensign Adds Nine SD Area Facilities

Mission Viejo-based Ensign Group Inc. said today that it will buy nine skilled nursing and assisted living facilities, a home health agency, and a private home-care business in the San Diego area from El Cajon-based Shea Family Care.

MemorialCare, Anthem Create Reform-Age Network

HEALTHCARE: Joins insurer with 7 hospitals, health systems

Orange County’s hospital market is continuing its move toward networks and partnering in the age of healthcare reform.

MemorialCare Acquires Imaging Centers

Fountain Valley-based MemorialCare Health System said its MemorialCare Medical Foundation is now the sole owner of eight imaging centers in Orange County and Long Beach (see related story on page 4).

Anido Stays Busy in NB for New Jersey Drug Company

Eye-Device Exec Leads Aerie Financing Move

Longtime Orange County eye device executive Vicente Anido Jr.’s marching on with a new company.

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Allergan Hikes Q3 Expectations

Irvine-based Allergan Inc. said today that it expects to report a third-quarter profit more than 20% higher than previously expected.

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Valeant to Boost Allergan Bid

Canada-based Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s Pershing Square Capital Management are planning to hike their hostile bid to buy Irvine-based Allergan Inc. by $15 a share, according to a Wall Street Journal report today.

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Report Says Actavis to Make New Allergan Pitch

Irvine-based Allergan Inc. will be approached again about being bought by Actavis PLC, according to a Reuters report today.

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Allergan Asks Court to Block Ackman Share Vote

Irvine-based Allergan Inc. asked a federal court in Santa Ana to block activist investor Bill Ackman and his Pershing Square Capital Management LP from voting its 10% stake at an upcoming special meeting.

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$6M for San Clemente Device Maker

San Clemente-based Vertiflex Inc. raised $6 million in funding, according to a filing with the Securities and Exchange Commission.

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MemorialCare Takes Full Ownership of Imaging Centers

Fountain Valley-based MemorialCare Health System said today that its MemorialCare Medical Foundation is now the sole owner of eight imaging centers located in Orange County and Long Beach.

Unlikely Air Traffic Controller

Edwards’ Weisner Kept Legal Aligned With Business Strategy in $1B+ Medtronic Case

Aimee Weisner was setting the strategy that led to Edwards Lifesciences Corp.’s $1 billion-plus patent lawsuit settlement against rival Medtronic Inc.

The Art of Protecting Drug Patents

Allergan GC Takes Team Approach for Near-Perfect Case Record

William Scarff Jr. concentrates on protecting the driving force in the drug industry: patents on major medications.

Abbott Ups Overseas Presence With Malaysia Plant

Device Maker Puts $60M Into Venture to Hire 500

Abbott Laboratories, the parent of Santa Ana-based Abbott Medical Optics, is spending $60 million on an intraocular lens plant in Malaysia.

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Jury Orders $467M Patent Award to Masimo

A federal jury said today that Irvine-based Masimo Corp. should receive $467 million from Philips Electronics NA, a unit of Netherlands-based Royal Philips Electronics NV, for having infringed a pair of patents covering technology for measuring blood oxygen and tracking pulse rates.

Can Valeant Keep It Up?

HEALTHCARE: Bid for Allergan looks light despite last week’s stir

Did Valeant Pharmaceuticals International Inc. make David Pyott’s point last week?

Device Maker Raises $25M for Stent

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.

House Votes Yet Again to Repeal Medical Device Tax

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.

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Mazzo Resigns From Microsemi’s Board

Aliso Viejo-based Microsemi Corp. said that James V. Mazzo has resigned from its board of directors.

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Mazzo Added to Insider Trading Indictment

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.

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Valeant Previews Q3, Changes Tone on Allergan

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.

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Avanir Selling $200 Million in Stock

Aliso Viejo-based Avanir Pharmaceuticals Inc. is offering $200 million of its shares to the general public.

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Irvine Glaucoma Device Startup Raises $25 Million

Irvine-based Ivantis Inc. said today that it raised $25 million in its second round of financing.

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WSJ: Allergan in Advanced Talks for Potential Salix Deal

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.

View of Allergan as Buyer Revived

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.

Mission Hospital Unveils $185M Specialty Center

HEALTHCARE: Institute offers neuroscience and spine treatment

Mission Hospital has added advanced treatment for neurological and spine conditions to its portfolio of services — something that could help it develop beyond its core market in South Orange County.

Sonendo Lays Out Plans for $35M Round

HEALTHCARE: Plans to build up sales team for initial product

Sonendo Inc. is gearing up to roll out a device it says is an improvement over the traditional way of performing root canal surgeries.

Transcatheter Heart Valves Dominate TCT Meeting

Edwards’, Medtronic’s Devices Part of Discussion

Transcatheter heart valves, including those by Irvine-based Edwards Lifesciences Corp., took center stage at a large interventional-cardiology meeting this month in Washington, D.C.

Alzheimer’s Effect Boosts Avanir Shares

Aliso Viejo-based Avanir Pharmaceuticals Inc.’s shares rose on positive clinical trial results for a potential Alzheimer’s disease treatment.

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Mission Hospital to Open Neuroscience Institute

Mission Hospital said that it is opening a new $185 million Neuroscience and Spine Institute tomorrow on its main Mission Viejo campus.

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Avanir Shares Up on Positive Trial Data

Aliso Viejo-based Avanir Pharmaceuticals Inc.’s shares rose today on positive clinical trial results for a potential Alzheimer’s disease treatment.

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Federal Judge Grants Allergan Injunction Hearing Request

Allergan Inc. said today that a federal judge has set an Oct. 28 hearing for a preliminary injunction against hostile suitors Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s Pershing Square Capital Management LP.

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Allergan to Cut 129 Irvine Jobs

Irvine-based Allergan Inc. has filed papers with state officials saying it will lay off 129 employees.

LH Device Maker Gets $35M for Work

Laguna Hills-based Sonendo Inc. said it completed a $35 million round of equity financing.

Device Maker Jobs Up 2% in 6th Straight Growth Year

34 Companies Employed 16,000+ in Orange County

The 34 largest medical device makers in Orange County experienced 2% job growth during the 12 months ended in August, according to the Business Journal’s annual list.

Rental Health in Spectrum

St. Joseph Hoag Sets Up at Irvine Company Complex

St. Joseph Hoag Health’s latest building block for the integrated regional care delivery it aims to establish throughout Orange County is the cornerstone of the Irvine Company’s newest idea to bolster the amenities at a couple of its bigger apartment complexes.

AcuFocus Wants to Grow at Home

Device Maker Seeks FDA Approval, Builds US Sales Force

AcuFocus Inc. is banking on a recent cash infusion and a tiny device implanted in the eye to spur big growth.

Biolase Changes Include Nugent as Permanent CEO

Also Creates Nationwide ‘Commercialization Team’

Irvine-based Biolase Inc. is making moves to build its executive and commercialization teams.

OC Medical Device Makers Rank High for New Hires

Edwards, Endologix Among Big Gainers on Consultant List

Irvine-based medical device makers Edwards Lifesciences Corp. and Endologix Inc. are vastly different when it comes to revenue and profit, but they both rank among the top 10 hirers in the medical technology field over the past five years, according to a recently released report.

10 Biggest Drugmakers Combine for 1% Job Growth

Allergan Leads the Way With 2,400 Local Workers

Irvine-based Allergan Inc. is the runaway leader on the Business Journal’s annual list of drugmakers based in Orange County or with sizable local operations.

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Federal Judge Grants Allergan Injunction Hearing Request

Allergan Inc. said today that a federal judge has set an Oct. 28 hearing for a preliminary injunction against hostile suitors Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s Pershing Square Capital Management LP.

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Allergan to Cut 129 Irvine Jobs

Irvine-based Allergan Inc. has filed papers with state officials saying it will lay off 129 employees.

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