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Spectrum Pharma to Sell Drug Portfolio
Spectrum Pharmaceutical Inc. (Nasdaq: SPPI) said today it has sold its portfolio of seven FDA-approved hematology/oncology products to Acrotech Biopharma LLC for up to $300 million.
Midday Stock Roundup
The S&P 500 was up 0.2% to 2,620.71.
Chip Switch: Skyworks Expands Local Ops
REAL ESTATE: Takes over former Broadcom office near UCI
Skyworks Solutions Inc., Orange County’s third largest maker of computer chips by local employee count, appears poised to significantly expand its operations after striking a large lease near its existing Irvine offices.
OC 500: Michael Morhaime
Pioneered multiplayer online gaming … ‘Diablo’ franchise hitting Nintendo Switch console … first esports season for ‘Overwatch’ League ended July; finals match sold out Brooklyn’s Barclay’s Center … London Spitfire beat Philly Fusion, took most of $1.4M purse … live-streamed online; China; by Disney properties … MM ceding top role to Warcraft exec. prod. J. Allen Brack ... Business Journal OC 50
Midday Stock Roundup
The S&P 500 was up 0.4% in midday trading to 2,620.10.
Irvine Esports Co. Going Public
GAMING: Allied, World Poker Tour part of $214M merger
Orange County’s role as a hub in the fast-growing esports industry will become even more pronounced after one of its main corporate players, Allied Esports International Inc., sets up headquarters in Irvine and goes public this year via a reverse merger.
OC 500: David E.I. Pyott
Prevented hostile takeover, sold to Actavis PLC, now Allergan PLC … $543M payout … philanthropy: advisory boards, exec roles, eye care charities … chairman, Bioniz Therapeutics, Irvine … diploma, German, European law … first car: Renault … first job: ‘gardening, mowing lawns’ … commander, Most Excellent Order of the British Empire … bucket list: ‘hike to Everest base camp’
Edwards, Boston Scientific Reach Deal
Shares of Edwards Lifesciences Corp. (NYSE: EW) climbed after the largest publicly traded company based in Orange County reached a settlement with rival Boston Scientific Corp. (NYSE: BSX).
Midday Stock Roundup
The S&P 500 rose 1% in midday trading to 2,608.28
A Brewing Industry
OC’s Bar Scene Is Growing Up
A tech guy walks into a bar. He owns it. Not much of a joke, but Gary Jabara’s not kidding with Chihuahua Cerveza, a taco joint he opened in the former Crow Burger Kitchen spot on Balboa Peninsula.
OC 500: Laura Schwab
Named to role 2015 … luxury maker’s first woman president … introducing DB11 V12 AMR, revealing DBS Superleggera this year … SUV next year, go on sale 2020 … 2017 record: 5K+ sales, best in 10 years … grew up Louisville … bachelor’s, Notre Dame, tennis scholarship … JD, Kentucky … used her contract law degree ‘once in my life and it was [writing] … my first contract for employment at Land Rover’
Midday Stock Roundup
The S&P 500 declined 0.4% in midday trading to 2,586.84.
OC Tech Cos. Show Off Wares at CES
TECHNOLOGY: More than 100 presenters at Vegas show
More than 100 Orange County-based companies demonstrated their newest products last week at the world’s most prominent technology trade event.
Taco Bell’s Williams to Stitch Fix Board
Stitch Fix Inc. named Liz Williams, president of Taco Bell International, to its board, noting her experience with branding and foreign markets.
Del Taco Shares Up On 4Q Prelims
Shares in Lake Forest-based Del Taco Restaurants Inc. (Nasdaq: TACO) rose 6.4% after reporting fourth quarter preliminary results and issuing a 2019 forecast.
OC 500: Craig Nickoloff
MEATS LLC Provides ‘center of the plate protein’— beef, lamb, pork, and poultry’ … clients finer restaurants; hotels; specialty grocery … 11th fastest-growing large OC private co. … sales up 36% in two years to $126M … headed to $140M 2018 … cofounded with Bill Hustedt … they also co-founded, co-owned Claim Jumper casual dining chain, sold in 2005 for $220M … bachelor’s, geography, CSULB
OC 500: Emmanuel Roman
Took role in 2016 … previously CEO, Man Group PLC, one of world’s biggest alternative asset managers … also Goldman Sachs, incl. co-head of global, Europe, securities … Pacific Investment Management Co.: $1.7T AUM, 2K+ workers; 10% portfolio managers (see Dan Ivascyn) … U Paris bachelor’s; MBA, finance, U Chicago … likes fine wine, north central London soccer club Arsenal ... Business Journal OC 50
Endologix Seeks 2019 Rebound
HEALTHCARE: New CEO aims to regain trust
Endologix Inc. Chief Executive John Onopchenko is facing a Wall Street skeptical about the company’s future.
Q&A The Art of Being a CFO
OC Execs Focus on AI, Taxes
The Business Journal’s Peter J. Brennan asked five local chief financial officers about the newest trends in corporate finance, and where their attention is focused.
Mo, Better Booze
Mo Honarkar could soon supplant Dane Eiler “the Greeter” Larsen as Laguna Beach’s best-known local after buying a stretch of city properties along Coast Highway, including the iconic Hotel Laguna (the Insider’s favorite wedding spot), which Honarkar vows to restore “to its former glory.”
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