HEALTHCARE

Endologix CEO Out

Endologix Inc. Chief Executive John McDermott resigned.

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Nemus Raises $1.75M

Nemus Bioscience Inc. (OTCQB: NMUS) received a $1.75 million private placement from majority shareholder Emerald Health Sciences Inc. and other investors.

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Avid Expects $20M from Secondary Offering

Tustin-based Avid Bioservices Inc. yesterday priced a public offering of 9 million shares of common stock at $2.25 apiece, and expects more than $20 million in gross proceeds after the offering closes next week.

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Mazzo Retrial to Jury

For the second time in a year, the fate of Jim Mazzo is in the hands of a federal jury. Prosecutors are again alleging that the founder and former chief executive of Advanced Medical Optics (AMO) violated insider trading laws when he disclosed to his friend and Laguna Beach neighbor Doug DeCinces that his company was being bought by Abbott Laboratories.

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Avid Sells Oncology Drug

Avid Bioservices Inc. in Tustin will sell its clinical-stage immunotherapy cancer drug candidate to Oncologie Inc. for $8 million upfront—with payments spread over six months—and up to $95 million in development, regulatory and commercialization milestones.

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J&J-Backed ReVision Optics Closes

Lake Forest-based ReVision Optics Inc. has shut down saying, “it is with regret, that we have to close our doors.”

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Evolus Prices IPO

Irvine-based Evolus Inc. priced its initial public offering of five million shares of common stock at $12 per share, the low end of an earlier-announced $12 to $14 range.

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UCI's Federoff Resigns Health Post

University of California-Irvine accepted the resignation of Howard Federoff, vice chancellor of health affairs and chief executive of UCI Health System.

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Allergan Q4 Strong

Allergan PLC reported strong fourth-quarter revenue of $4.3 billion, up 12% from a year earlier, and full-year revenue of nearly $16 billion, a 9.4% increase.

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Allergan Appoints CFO

Allergan PLC named Matthew Walsh chief financial officer, effective “later this month.”

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Edwards to Build on Strong Q4

Edwards Lifesciences Corp. finished the year strong, reporting $889 million in fourth-quarter sales, up 16% from a year earlier.

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Aerie Offering Comes in at $74M

Aerie Pharmaceuticals Inc. sold 1.3 million shares of common stock for $74 million.

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Bonti Lands $15.5 Million Series C

Newport Beach-based Bonti closed $15.5 million in series C financing.

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Salaam Heisman Fetches Nearly $400K

Rashaan Salaam’s Heisman Trophy attracted nearly $400,000 in an auction run by Laguna Niguel-based SCP Auctions.

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Providence St. Joseph’s Wexler Fills Out Team

Providence St. Joseph Health Southern California Chief Executive Erik Wexler named most of an executive team to oversee 14 hospitals in Orange County, and Los Angeles and San Bernardino counties.

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