A. Leigh Corbett
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.
Noninvasive Monitoring of Blood Flow
Edwards Lifesciences Corp. recently received FDA clearance for its ForeSight tissue oximetry device, its latest noninvasive medical device capable of measuring the oxygenation of brain tissue.
Anderson Oversees Some 600K in OC
Kaiser Permanente, the largest HMO in Orange County, has appointed Phyllis Anderson, R.N., M.A., as chief operations officer for the group’s local operations.
Edwards Lifesciences Corp. (NYSE: EW) recently got FDA approval of its ForeSight tissue oximetry device.
HEALTHCARE: Investors see revolution in braces
Swift Health Systems Inc., a maker of “invisible braces” for teeth, said last week that it raised $45 million in Series C funding, bringing the total capital raised to $70 million by the company.
Tustin-based Avid BioServices Inc., a contract manufacturer of biopharmaceuticals, named a new COO.
Compares Product to Lasik; Wall Street Still Not Smiling
If laser surgery is good enough for the eyes, why not the teeth?
DEVICES: Hospital stay led to breakthrough
When Andrew Ninh couldn’t go to his high school graduation, the result was an innovative idea that may change the way cancers are diagnosed.
Patented Tube Helps Clear Blood Blockages
Anaheim-based ClearFlow Inc. is changing the surgical game in regard to chest tubes.
Biogennix Dreams Morpheus Will Help Healing of Implants
What happens when bones break and become deformed or heal incorrectly?
INNOVATION: Group partners with FivePoint
OCTANe, best known for its role as a business accelerator for area technology and life science companies, is getting a new home and well-backed development partner to help with its stated goal of adding some 55,000 high-paying technology jobs to the region by 2030.
Vineti to Provide Higher Visibility
Cryoport Inc., the fast-growing Irvine transporter of cryogenic biological material used in clinical trials, is teaming up with a San Francisco-based company co-founded by GE Ventures and the Mayo Clinic.
Pushing ‘Alternative Medicine’ Envelope
Say words like “quantum physics” or “alternative medicine” and some very visible things start to happen.
Tests Suggest Supplier Didn’t Copy Toxin
Newport Beach-based Evolus Inc., which is trying to compete with a new, cheaper version of Allergan’s Botox, has apparently won a significant round in a legal dispute in South Korea.
Operator’s Second Site In OC Officially Opens
It isn’t easy to find the entrance to Eden Fertility Management’s second OC office along Birch Street in Newport Beach.
22% of Workers at 26 Cos. Employed by Edwards
It’s a shorter list this year. Don’t tell Edwards Lifesciences Corp. Orange County’s largest public company (NYSE: EW) by market cap—at $45 billion last week—is also its biggest medical device maker by a wide margin.
Local Employment 19% Up to More Than 2,800
To be shortlisted is a good thing. So, too, with Orange County drugmakers. This year’s edition of the annual list ranks 10 companies by employee count topped by Allergan PLC in Irvine, with more than 1,300 workers and some seven decades of work in the county.
Wants to Turn Research Into Cures
An institute at University of California-Irvine has won a $24 million grant to “pursue better health for all.”
DEVICES: Search for replacement underway
MicroVention Inc., Orange County’s sixth-largest medical device maker with about 1,150 local workers, has expansion plans in its hometown of Aliso Viejo, with a sizeable new lease recently signed just up the road from its 2-year-old headquarters, and close to 50 open jobs for its operations in the city.
University of California-Irvine’s Institute for Clinical and Translations Science snagged a $24 million grant from National Institutes of Health.
Irvine-based Cryoport Inc. (Nasdaq: CYRX) will use technology from Vineti Inc. in San Francisco to help its clients track packages the company ships.
Santa Ana-based Cannalysis said it’s raised $22.6 million in Series A funding from CanLab, a cannabis testing network.
The S&P 500, Dow Jones Industrial Average, and Nasdaq were flat in midday trading. (continue reading)
Trophy Home Architect Jeannette Explains His Art
Brion Jeannette loves the sun.
The S&P 500 and Nasdaq both rose over half a percent at midday trading to 3,017.9 and 8,217.36 respectively. (continue reading)
Irvine Unit Chief Wall Gets Big Promotion
Medical device maker Medtronic’s hiring of a new chief executive will have ripple effects in Orange County.
Chicago Lender Entering ‘Hyper-Growth Industry’
KushCo Holdings Inc., a supplier of cannabis packaging products, is starting to create believers on Wall Street.
Katkin Still Unhappy With Stock Price
Irvine-based Urovant Sciences Ltd. (Nasdaq: UROV) is making a market comeback with some positive feedback regarding its new drug Vibegron, which it believes can treat overactive bladder symptoms, among other uses.
DEVICES: Michigan firm handling maintenance in US
Eitan Group, a developer of infusion therapy medical devices and related technologies that set up its North American base in Aliso Viejo a few months ago, has inked a deal with a Michigan firm that promises to help get one of its core drug delivery products to hospitals and pharmacies in the U.S. and Canada faster and more reliably.
KushCo Holdings Inc. (OTC: KSHB) secured a $50 million line of credit from Monroe Capital LLC in Chicago.
The market rallied today after the U.S. and China said they would hold talks in October.
Irvine-based Incipio Group named Brian Stech chief executive, effective immediately.
HEALTHCARE: FDA recall on some valves
Edwards Lifesciences Corp., the most highly valued publicly traded company based in Orange County, in recent weeks reported good news—including a significant milestone—and some not-so-good news.
NONPROFITS: 38,000 to help in county
A new player walked on the local nonprofit scene with late July’s debut of Epilepsy Foundation’s chapter in Orange.
U.S. stocks rose today on hopes the trade dispute between the U.S. and China will be resolved. (continue reading)
HEALTHCARE: Digestive ailment affects 3M in US
A clinical stage drug company from Newport Beach thinks its core product could be the answer to millions of people suffering from celiac disease, an as yet incurable digestive ailment that destroys the lining of the intestines.
Incoming Class Gets New Ultrasound Product
The incoming fall 2019 class of UCI’s School of Medicine was gifted with more than outerwear during its annual white coat ceremony, the inaugural event for new medical students.
Most LaunchPad Funding Comes from Outside Area
Aliso Viejo-based OCTANe, the business technology accelerator that largely operates within the medical and technology industries, raised about $306.7 million in the first half of 2019 for small business development specializing in tech and life science entrepreneurs.
RETAIL: Terra Tech site runs 45,000 SF
Terra Tech Corp. (OTC: TRTC) hopes a soon-to-be-built facility in Santa Ana will make the area a Disneyland of sorts for the cannabis crowd.
Founder to Focus On Development Efforts
Aliso Viejo-based Global Genes, a nonprofit that works to connect and educate people suffering from rare diseases, this month appointed Kimberly Haugstad as chief executive.
Aliso Viejo-based OCTANe’s LaunchPad accelerator raised $307 million through the first six months of 2019.
Edwards Lifesciences Corp. (NYSE: EW) was down 2.4% in midday trading to $216.48 and a $45 billion market cap. (continue reading)
Sees ‘Countless Avenues’ In Supply Chain
KushCo Holdings Inc. tiptoes around the federal laws on marijuana by selling supplies to the cannabis industry, but not getting involved with the controversial product itself.
Doctors Studying Cancer, Stem Cells
UCI Health’s School of Medicine garnered $155 million in fiscal 2018-19 funding, a 23% jump from the prior year.
Still Awaits FDA Go-Ahead
The latest earnings report from Irvine-based Axonics Modulation Technologies Inc. (Nasdaq: AXNX) provided a slight boost to the maker of devices to treat urologic conditions.
Irvine-based Masimo (Nasdaq: MASI) invested in Würzberg, Gemany-based TNI Medical AG.