Orange County Business Journal

Analysts Praise Sapien 3, Predict Continued Dominance

Low-Risk Patients Next Prize for Heart Valve Maker

Irvine-based Edwards Lifesciences Corp. “ought to pull away again” from its competitors in the transcatheter heart valve market, according to a recent report published on the Seeking Alpha investor website.

Irvine Device Maker Has Designs on Growth

HEALTHCARE: Study, new device build optimism

Irvine-based Breathe Technologies Inc. is looking to get a boost from new clinical study results and a device that’s scheduled to be introduced this year.

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Cianna Medical Raises $4M

Aliso Viejo-based Cianna Medical Inc. has raised $4 million, according to a U.S. Securities and Exchange Commission filing.

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Stem Cell Company Opens New SA Facility

PrimeGen Biotech LLC, a stem cell company, has moved from Irvine to a new facility in Santa Ana.

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Sabra Spends $234M for Nursing Homes

Irvine-based Sabra Health Care REIT Inc. said today that it bought four nursing homes in Maryland for $234 million.

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Hyundai Giving Final $2M Installment of Cancer Grant to CHOC

Fountain Valley-based Hyundai Motor America and its nonprofit, Hope on Wheels, will present a final $2 million installment of a $10 million research grant to Children’s Hospital of Orange County on Thursday.

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MemorialCare Names New Long Beach Boss

Fountain Valley-based MemorialCare Health System said today that John Bishop is the new chief executive of its Long Beach Memorial, Miller Children’s & Women’s Hospital Long Beach and Community Hospital Long Beach.

Allergan Boss Gives Emphasis to Irvine

HEALTHCARE: Expects to split time between N.J., OC

Irvine will continue to play a critical role in the newly named Allergan plc as plans call for the drugmaker’s campus on Dupont Drive to remain the home of its biggest business lines.

Glaukos Sets IPO, Eyes Up to $77M

HEALTHCARE: Market cap could range upward of $445M

Orange County’s crop of privately held, venture-backed medical device companies is poised to graduate one of its best-funded members into the ranks of public companies.

Maker of Tiny Devices Goes Big With New Base

HEALTHCARE: MicroVention also plans hires to beef up R&D

Small devices are adding up to big growth for MicroVention Inc.

OC Congresswoman Joins Health Tax Repeal Efforts

Walters Against Reform Levy on Health Insurers

A freshman member of Orange County’s delegation in Congress has attached herself to a campaign to repeal another federal tax related to healthcare reform.

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KPC Health Names Richards CEO of Health Operations

KPC Health, a unit of the Riverside-based KPC Group, said today that it named Suzanne Richards chief executive of healthcare operations.

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FDA Clears Edwards Sapien 3 Valve

The Food and Drug Administration Wednesday approved Irvine-based Edwards Lifesciences Corp.’s Sapien 3 less-invasive heart valve.

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Glaukos Sets IPO Terms

Laguna Hills-based device maker Glaukos Corp. has officially opened its upcoming initial public offering, according to a federal filing.

Denti-Cal Concerns Cited in Job Cuts

HEALTHCARE: Western Dental trims 237, closes 13 offices

Orange-based Western Dental Services Inc. has laid off 237 workers as it attempts to deal with a shift in its business wrought by healthcare reform.

Eye Care Industry Stars Alight Upon Orange County

Companies’ Life Stages Among Summit’s Topics

Orange County is known as a cradle of the eye device and drug industries, and some of its more prominent figures are gathering here this week to talk “trends, unmet clinical needs, and new business opportunities.”

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Four Hospitals Change Their Names

The four Orange County hospitals owned by Santa Ana-based Integrated Healthcare Holdings Inc. have changed their names.

Ex-Allergan Exec to Cannabis Drug Firm

Douglas Ingram, former president of drugmaker Allergan Inc., joined the board of Costa Mesa-based startup Nemus Bioscience Inc. in the newly created role of vice chairman.

Device Maker Names Chief Executive

Irvine-based JenaValve Technology Inc. named Victoria Carr-Brendel its chief executive, replacing Jan Keltjens, the company’s chairman, who had served as interim chief executive since January.

HCP Loads Up For Purchases, Including Senior Homes

Part of $750M Offering To Pay for 35-Building Buy

Irvine-based HCP Inc. recently made plans to sell $750 million in senior unsecured notes with an eye toward using the proceeds to fund more deals.

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Biolase Jumps on CEO Comments

Irvine-based Biolase Inc.’s shares soared today after it said it was unaware of any fundamental reason for the recent decline in its stock price.

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Plochocki to Retire From Quality Systems

Irvine-based healthcare software maker Quality Systems Inc. said today that Chief Executive Steven Plochocki will retire effective June 30.

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Irvine-Based Heart Valve Maker Names New CEO

Irvine-based JenaValve Technology Inc. said today that Victoria Carr-Brendel is the company’s new chief executive.

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Ex-Allergan President Gets Board Seat

Douglas Ingram, former president of drug maker Allergan Inc., has joined the board of Costa Mesa-based startup Nemus Bioscience Inc. in the newly created role of vice chairman.

Masimo Wins Court Battle Over Patent

Irvine-based Masimo Corp. said last week that a federal court in Delaware upheld a $467 million jury verdict in its favor against a pair of Royal Philips Electronics NV’s units for patent infringement.

Hoag-USC Cancer Alliance Adds Melanoma Program

Patients to Have Access To Advanced Clinical Trials

Hoag Memorial Hospital Presbyterian and the University of Southern California’s 19-month-old alliance for cancer treatment continues to branch out in new directions.

Hoag-USC Cancer Alliance Adds Melanoma Program

Patients to Have Access To Advanced Clinical Trials

Hoag Memorial Hospital Presbyterian and the University of Southern California’s 19-month-old alliance for cancer treatment continues to branch out in new directions.

Masimo Wins Court Battle Over Patent

Irvine-based Masimo Corp. said last week that a federal court in Delaware upheld a $467 million jury verdict in its favor against a pair of Royal Philips Electronics NV’s units for patent infringement.

Abbott Medical’s Pipeline Set to Flow

HEALTHCARE: 7 new devices set to hit market over rest of year

Santa Ana-based Abbott Medical Optics has a pipeline ready to deliver a steady stream of new products that the eye specialist is counting on for a boost in the second half of the year.

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Segerstrom Daniels Gives $5M to CHOC Mental Health Program

Children’s Hospital of Orange County said today it's building a new children’s mental health inpatient center as part of an initiative that will be supported by a $5 million gift from Sandy Segerstrom Daniels.

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Edwards Suspends Valve Study

Irvine-based Edwards Lifesciences Corp. said today that it is voluntarily halting enrollment in an early clinical trial for an experimental, less-invasive mitral heart valve.

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Biolase Names CEO

Irvine-based Biolase Inc. said today that Harold Flynn Jr. will become its new chief executive, effective July 13.

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Masimo's $467M Verdict Upheld

Irvine-based Masimo Corp. said today that a federal court in Delaware has upheld a $467 million jury verdict in its favor against a pair of Netherlands-based Royal Philips Electronics NV's units for patent infringement.

Device Maker Plans IPO, New Hires

HEALTHCARE: Glaukos aims for $86.3M, NYSE listing

Laguna Hills-based eye device startup Glaukos Corp. plans to use proceeds from a proposed initial offering to hire more workers, expand marketing programs, and fund further clinical studies.

Masimo Chief Cites Progress on 10-Year Plan

Monitors Gain, Rainbow Product Line ‘Promising’

Masimo Corp. Chief Executive Joe Kiani says he’s “encouraged by our progress to date” as his company moves into the last 1 ½ years of a 10-year plan it established when it went public in 2007.

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Glaukos Files for IPO

Laguna Hills-based Glaukos Corp. has filed plans to raise $86 million in an initial public offering.

Allergan Campus on Jobs Seesaw

HEALTHCARE: Actavis indicates new unit will offset chunk of layoffs

The makeover of Allergan Inc.’s operations in Irvine continues, with 1,100 jobs expected to be trimmed by next month.

Credit Collaboration for Cripe’s Place on List

HEALTHCARE: CHOC boss cites Innovation Institute as latest example

You’ll find Kimberly Chavalas Cripe among this year’s OC 50, the Business Journal’s annual inventory of the most influential members of the community of business here, and the subject of this week’s Special Report (see pullout for profiles).

Alphaeon Appoints Two Execs to Board

Irvine-based Alphaeon Corp. named former Securities and Exchange Commissioner Christopher Cox and Silicon Valley executive Dennis Wolf to its board of directors.

­­­Edwards Chief Talks Up Q1 Valve Segment Adoption

Growth in Europe; Japan Sees Sequential Increase

Irvine-based Edwards Lifesciences Corp. and its chief executive, OC 50er Michael Mussallem (see Special Report pullout), are talking adoption of the company’s fast-growing less-invasive heart valve segment.

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HCP Buys Philadelphia Building

Irvine-based HCP Inc. has acquired a building in Philadelphia for $161 million, according to a federal filing.

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Alphaeon Adds Two Directors

Irvine-based Alphaeon Corp. said today that it named former Securities and Exchange Commissioner Christopher Cox and Silicon Valley executive Dennis Wolf to its board of directors.

Nihon Kohden Gets New CEO; Shakes Upper Ranks

Switches to Unified Sales Strategy Among Units

Irvine-based Nihon Kohden America has a new chief executive and a revamped business structure.

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Maletta Goes to Irish Drug Maker

Matthew Maletta, a former associate general counsel with Irvine-based Allergan Inc., was named chief legal officer of Endo International plc.

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Device Maker Gets $26M Loan

Irvine-based startup Lombard Medical Inc. said today it received a $26 million loan facility from a financier.

AcuFocus Casts Eye on Boomers

HEALTHCARE: Gets FDA approval for device to supplant reading glasses

Well-heeled baby boomers will be able to reach for something besides reading glasses now that Irvine-based AcuFocus Inc. can debut its flagship eye device in the U.S.

Financiers Loan Device Maker $12M

San Clemente-based medical device maker ReShape Medical Inc. received a $12 million loan from a pair of financiers.

Insurers Want More Scrutiny of Reusable-Device Makers

DC-Based Group Requests Increased FDA Tracking

A managed care lobbying group is calling for tighter controls over the approval, monitoring and maintenance of reusable medical devices, according to news reports.

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Edwards Posts Profit

Irvine-based Edwards Lifesciences Corp. reported a profit of $123.4 million, more than double the total for the same period a year ago.

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ReShape Medical Gets $12M Loan

San Clemente-based medical device maker ReShape Medical Inc. has received a $12 million loan from a pair of financiers.

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