A. Leigh Corbett

Staff Reporter

Email: corbett@ocbj.com
Phone: 949-833-8373 Extension: 254

Recent Stories

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.

FivePoint’s OC Mission: Everything Old Can Be New Again

Take Emile Haddad literally and seriously.

Edwards Wins FDA Approval for ForeSight

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.

Kaiser Permanente Names New COO

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 Looks Ahead

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

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Swift Raises $45M for Teeth Improvement

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.

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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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Biolase Touts Lasers As Dentistry’s Future

Compares Product to Lasik; Wall Street Still Not Smiling

If laser surgery is good enough for the eyes, why not the teeth?

Docbot Develops AI To Quickly Spot Colon Cancers

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.

ClearFlow Aids Open-Heart Surgeries

Patented Tube Helps Clear Blood Blockages

Anaheim-based ClearFlow Inc. is changing the surgical game in regard to chest tubes.

Replace Bones With Coral?

Biogennix Dreams Morpheus Will Help Healing of Implants

What happens when bones break and become deformed or heal incorrectly?

Midday Stock Round Up

The S&P 500 was up 0.5% in midday trading to 2,902.8. (continue reading)

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Midday Stock Round Up

Cypress-based KushCo Holdings (OTC: KSHB) fell 38%

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OCTANe Sees Next Gen Growth in Irvine

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.

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Cryoport in Deal To Better Track Products

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.

Can Quantum Physics Help Lessen People’s Pain?

Pushing ‘Alternative Medicine’ Envelope

Say words like “quantum physics” or “alternative medicine” and some very visible things start to happen.

Evolus Wins Round Against Allergan

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.

Fertility Upscale, Confidential at Newport Beach Eden

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.

Edwards Lifesciences Leads Device Maker List

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.

OC Drugmakers: Short List, Big Dollars, New Ideas

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.

UCI Institute Gets $24M Grant

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.”

MicroVention CEO Exits Amid Growth Push

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.

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UCI Institute Gets $24M

University of California-Irvine’s Institute for Clinical and Translations Science snagged a $24 million grant from National Institutes of Health.

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Cryoport Improves Product Tracking

Irvine-based Cryoport Inc. (Nasdaq: CYRX) will use technology from Vineti Inc. in San Francisco to help its clients track packages the company ships.

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Cannalysis Gets $22.6M

Santa Ana-based Cannalysis said it’s raised $22.6 million in Series A funding from CanLab, a cannabis testing network.

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Midday Stock Roundup

The S&P 500, Dow Jones Industrial Average, and Nasdaq were flat in midday trading. (continue reading)

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A Sun Worshiper, Illuminated

Trophy Home Architect Jeannette Explains His Art

Brion Jeannette loves the sun.

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Midday Stock Round Up

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)

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Medtronic Exec Swap Felt Locally

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.

KushCo Secures $50M For Expansion Plans

Chicago Lender Entering ‘Hyper-Growth Industry’

KushCo Holdings Inc., a supplier of cannabis packaging products, is starting to create believers on Wall Street.

Urovant CEO Cites Progress of New Drug

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.

Eitan Makes Deal For Infusion Pumps

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 Credit: $50M

KushCo Holdings Inc. (OTC: KSHB) secured a $50 million line of credit from Monroe Capital LLC in Chicago.

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Midday Stock Round Up

The market rallied today after the U.S. and China said they would hold talks in October.

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Incipio Gets New CEO

Irvine-based Incipio Group named Brian Stech chief executive, effective immediately.

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A Recall’s Stock Impact

Recall notices have caused huge shifts in other device makers’ stocks.

Edwards Gets OK For Low-Risk Work

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.

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OC Epilepsy Chapter Opens

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.

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Midday Stock Roundup

U.S. stocks rose today on hopes the trade dispute between the U.S. and China will be resolved. (continue reading)

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Syage Turns From Airport Security to Celiac Disease

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.

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Tech Device For UCI Student Doctors

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.

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OCTANe Unit Raises $307M in 6 Months

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.

Santa Ana ‘Cannabis Complex’ Breaks Ground

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.

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Global Genes Taps Haugstad as CEO

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.

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OCTANe Unit Raises $307M

Aliso Viejo-based OCTANe’s LaunchPad accelerator raised $307 million through the first six months of 2019.

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Midday Stock Roundup

Edwards Lifesciences Corp. (NYSE: EW) was down 2.4% in midday trading to $216.48 and a $45 billion market cap. (continue reading)

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KushCo Expands Into Cannabidiol

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.

UCI School of Medicine Funding Jumps 23%

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.

Axonics Boost After Q2 Report

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.

Masimo Invests in German Firm

Irvine-based Masimo (Nasdaq: MASI) invested in Würzberg, Gemany-based TNI Medical AG.

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