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Pangaea, Fresenius Back Modulim’s Imaging Device

HEALTHCARE: $7M Round; Diabetes Focus

Does the name Modulim ring a bell?

Irvine Co. Inks Huge Market Place Lease

RETAIL: Furniture Store Replaces Lowe’s

The Irvine Company has filled its biggest vacant local shopping center space, after signing the largest retail lease in the area in several years.

STARTUPS & INNOVATIONS

Two Irvine-based biotech startups, Cellgen Diagnostic, a precision diagnostics company, and Genomic Testing Cooperative, a molecular testing firm, are collaborating to develop companion tests for oncology treatments.

PHILANTHROPY

On March 26, CHOC Children’s announced a $5 million gift from the William, Jeff and Jennifer Gross Family Foundation to expand its Small Baby Unit (SBU) on its main hospital campus.

Ad Agencies See $2.6B, 7% Uptick in Business

52 Companies Employ 3,700 OC Workers

There was some reshuffling to this year’s rankings of Orange County’s largest advertising agencies as some firms reported double-digit growth while others reported a double-digit decline.

Behr Ad Campaign Targets Do-it-Yourself Painters

Trio of Commercials Focus on ‘Real Life’

Behr Paint Co. ushered in the start of the unofficial 2019 painting season, rolling out a handful of new television spots over the course of a month.

Ivantis Says Trial Shows Edge on Rival Glaukos

Hydrus Subject of Patent Lawsuit

Irvine-based Ivantis Inc. said results from a two-year trial of its Hydrus Microstent show a clear advantage over rival, San Clemente-based Glaukos Corp. (NYSE: GKOS).

Taps Brewery Building Sells for $15.5M

Kelemen-Caamano Investments Sheds Portfolio

A recently redeveloped industrial building in Tustin that’s home to the first Taps Brewery location has traded hands—for nearly twice the price that it went for four years ago.

Rocket Lab Poised for Breakthrough ’19, Report Says

Surf City ‘Satlet’ Co. Launches Gov’t Satellite

Rocket Lab launched its first satellite this year, in what’s shaping up to be an eventful 2019 for the Huntington Beach-based aerospace manufacturer and small-satellite or “smallsat” launcher.

OCBJ Calendar

April 15-24; May 8, 2019

This week's business and other event listings.

OC LEADER BOARD

How Women Drive Innovation In Local Philanthropy

Women’s wealth and influence are on the rise, especially in Orange County’s philanthropy circles.

UCI Startups Build, Plow Distinctly California Fields

Earthquakes, Agriculture, Women in Business Opps

In addition to entertainment and beaches, California is known for earthquakes and agriculture.

Women’s Angel Investor Group Growing

Osea Provides Inspiration, Education, Founder Says

Xandra Laskowski has been an angel investor since 2013. She’s a member of Tech Coast Angels and Titan Angel Fund, and an investor in The Cove Fund II.

Change on Menu for Montage, Waterfront Hilton

HOSPITALITY: Focus On Workers, Spas, Food

Two of Orange County’s premium oceanfront resorts are seeing changes—and not just physical.

Midday Stock Roundup

The S&P 500 was up 0.6% in midday trading to 2,904.63.

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Selling Season

Homebuilding Industry Preps for Spring Recovery

Orange County’s contingent of publicly traded homebuilders and land developers have struck a defiant tone to confront the choppy homebuilding market that rattled the industry—and battered their stock prices—in the latter part of 2018 and early 2019.

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OC 500: Jennifer Mitzner

Named to role 2017 … for-profit formed 2010 … specialty ‘on the eve of major disruption … shift from inpatient to outpatient’ work … scale by ‘investing in new centers [by] partnerships’ … Institute: most hip, knee replacements in Calif. … previously CFO, Hoag Memorial, St. Joe Hoag Health … Texas Christian grad … first car: 1966 VW Bug bought for $800’ … bucket list: design-build dream home

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KushCo 2Q Sales Up 240%

KushCo Holdings Inc. (OTC: KSHB), the largest cannabis related company based in Orange County, reported second quarter revenue jumped 240% to $35.2 million.

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CareTrust to Raise $135M

San Clemente’s CareTrust REIT Inc. (Nasdaq: CTRE) increased the size of a public offering that’s now expected to raise $135 million, to help pay debt.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,885.19.

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