Recent and archived news stories on: Biotechnology, Doctors, Drugs, Health Insurance, HMO's/PPO's, Hospitals, Medical Devices, Nursing...

Cancer Diagnostic Firm LAM on Growth Path

HEALTHCARE: $120M in funding; Ancestry execLaboratory for Advanced Medicine (LAM), which uses artificial intelligence to identify early stages of specific cancers, is making strides to be the next big name in Orange County’s growing cluster of genomic-focused firms that provide high-tech healthcare diagnostics services.

Axonics in $101M Offering

Axonics Modulation Technologies Inc. (Nasdaq: AXNX) in Irvine priced 5 million shares of common stock at $22 a share.

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ClearFlow Study: Blood Flow Boost

Irvine-based ClearFlow said a clinical trial on its PleuraFlow ACT system showed one-third fewer cardiac complications after surgery.

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Tenet Names SoCal Chief

Bryan Rogers will run Tenet Healthcare Corp.’s three OC hospitals.

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NextGen Buying Patient Platform

Irvine-based NextGen will buy North Carolina-based Medfusion Inc. for $43 million in cash.

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Hyperice Products for JetSuite Pilots

Irvine-based Hyperice will supply pilots for charter carrier JetSuite with health and wellness products and education.

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Simons Give Chapman $9M

Chapman University received a $9 million commitment from the Simon Foundations during its annual Chapman Celebrates gala on November 2.

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Carrick Exits 3 Cos.

Newport Beach-based Carrick Capital Partners, an investment firm focused on software firms, said it sold three portfolio companies, its first such divestiture.

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Terra Tech Merging

Irvine-based Terra Tech (OTC: TRTC), a cannabis-focused agriculture company, will merge with privately held plant-derived drug maker OneQor

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Botox Gets Another OK

Drugmaker Allergan PLC’s flagship Botox got FDA approval for use in treating lower limb spasticity in children, except those with cerebral palsy.

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HCP Promotes Three, Changes Name

Healthcare facilities REIT HCP Inc. (NYSE: HCP) promoted EVP and Chief Investment Officer Scott Brinker to President, a title previously held by CEO Tom Herzog, who retains the top role; Brinker also remains CIO.

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Unified Plan to Tackle Mental Health Concerns in OC

COMMUNITY: Be Well to focus on addiction, too

A large cross section of Orange County healthcare and civic leaders expect a forthcoming $40 million facility in the city of Orange to mark the first step in a unified approach by the county toward combatting mental health problems and treating drug abuse—and in doing so alleviating some of the area’s homelessness issues.

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Edwards, Masimo Among Fast-Growers

Edwards Lifesciences Corp. (NYSE:EW) and Masimo Corp. (Nasdaq: MASI) have stock market composite ratings above 95—meaning they’ve outperformed 95% of companies in their industry.

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Mission Hospital Preps New Cancer Institute

HEALTHCARE: $80M cost; November opening

In August, Mission Hospital appointed Seth Teigen to the chief executive position, just months ahead of the unveiling of its new Judi and Bill Leonard Institute for Cancer Prevention, Treatment and Wellness, which will take place early next month.

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Edwards Looks Ahead

Edwards Lifesciences Corp. (NYSE: EW) recently got FDA approval of its ForeSight tissue oximetry device.

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Avid Names Ex-Exec as COO

Tustin-based Avid BioServices Inc., a contract manufacturer of biopharmaceuticals, named a new COO.

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