Irvine-based drug maker Allergan Inc. is in active talks with New Jersey-based Actavis PLC about a deal, sources familiar with the situation told Bloomberg today.
A regulatory filing by Irvine-based Allergan Inc. today confirmed that is has been approached by another company about a potential transaction.
Big Revenue Gains Precede Big Pharma Deal
The company that topped the Business Journal’s 2014 list of the fastest-growing large public companies based in Orange County has already taken itself out of the running for next year’s title.
Cryoport Gets Goods There Cold, Grows Revenue by Nearly 400%
Cryoport Inc.’s chilly business is fueling red-hot sales growth.
Tenet Healthcare Corp. named Audrey Gregory the new chief executive of Placentia-Linda Hospital.
HEALTHCARE: Sticks with candidates in face of critique
Expect the fight over Irvine-based Allergan Inc. to turn toward the drugmaker’s board room.
Most of Software Maker’s Growth Through Mirth
Irvine-based healthcare software maker Quality Systems Inc. is showing “marked improvement across all fronts of the organization,” according to Chief Executive Steve Plochocki.
Irvine-based biotechnology company AtheroNova Inc. priced an offering of 4 million shares of its stock and warrants to buy its stock.
Tenet Healthcare Corp. said today that Audrey Gregory is the new chief executive of Placentia-Linda Hospital.
Mission Viejo-based CareTrust REIT Inc. said today that it will spend $12 million to buy three senior housing facilities.
Valeant Pharmaceuticals International Inc. said today it would be willing to raise its hostile takeover bid for Irvine-based Allergan Inc. to $200 a share.
HEALTHCARE: No word yet on successor to veteran exec
Kaiser Foundation Hospitals and Health Plan is set to get a new top official in Orange County.
FDA OK’d Their Laser for Cataract Surgery Use
Abbott Medical Optics, a Santa Ana-based business unit of Chicago-based Abbott Laboratories, is introducing a pair of products for laser cataract surgeries.
HEALTHCARE: Q3 boost; Allergan gives lengthy critique
Valeant Pharmaceuticals International Inc. got some traction on its hostile takeover attempt of Allergan Inc. last week, with a third-quarter earnings report reversing a weekslong dip that had dragged its bid below the market value of the Irvine-based drugmaker.
Irvine-based Kareo Inc. said today that it received $15 million in mezzanine debt financing, bringing its total capital raised this year to $47 million.
Irvine-based Edwards Lifesciences Corp. after markets closed Thursday posted third-quarter financial results that exceeded expectations, and the stock continued to rise on Friday.
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.
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.
Irvine-based Sabra Healthcare REIT Inc. said it bought eight properties in three states for $59.1 million.
HEALTHCARE: Ackman goes on offensive, questions continue
Irvine-based Allergan Inc.’s long-running battle to stay independent marches on as hostile pursuer rhetoric heats up and many analysts express doubt about the deal going through.
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.
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.
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.
Hoag Memorial Hospital Presbyterian said it’s invested an undisclosed amount of money in the Newport Bay Surgery Center in Newport Beach.
Sabra Healthcare REIT Inc., which is based in Irvine, said today that it bought eight properties in three states for $59.1 million.
Irvine-based Alphaeon Corp. has bought the worldwide licensing rights to TouchMD, a line of software for doctors, for $22 million.
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.
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.
Eye-Device Exec Leads Aerie Financing Move
Longtime Orange County eye device executive Vicente Anido Jr.’s marching on with a new company.
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).
Irvine-based Allergan Inc. said today that it expects to report a third-quarter profit more than 20% higher than previously expected.
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.
Irvine-based Allergan Inc. will be approached again about being bought by Actavis PLC, according to a Reuters report today.
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.
San Clemente-based Vertiflex Inc. raised $6 million in funding, according to a filing with the Securities and Exchange Commission.
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.
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.
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.
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.
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.
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.
HEALTHCARE: Bid for Allergan looks light despite last week’s stir
Did Valeant Pharmaceuticals International Inc. make David Pyott’s point last week?
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: 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.