A. Leigh Corbett
Irvine-based Aspen Medical Products sold to New York-based private equity firm Cortec Group on undisclosed terms.
Novel Treatment Method Receives Clinical Praise
San Juan Capistrano-based Allegro Ophthalmics LLC is a privately held company looking to be the next big thing in the treatment of eye disease, with several drugs in clinical trial phases.
3rd Annual Race Held At UCI
UCI’s Chao Family Comprehensive Cancer Center held its third annual “Anti-Cancer Challenge” last month, raising $620,000 for cancer research.
PE Cortec Buys Brace Maker from Irvine
Irvine-based Aspen Medical Products, a maker of braces for those with back, neck and spine issues, has a new owner.
DESIGN: From Crystal Cathedral to Catholic home
Orange County’s most iconic house of worship has designs on becoming one of the most famous structures in the Roman Catholic Church.
SERVICES: Popular website has 50+ jobs
Weedmaps, which calls itself “the most widely used medical and recreational marijuana dispensary locator in the industry,” is searching for a few good employees.
HEALTHCARE: Shares rise 40% after Q4 report
It turns out the reports of Avid Bioservices Inc.’s demise were an exaggeration.
Brothers Bryan and Bradford Manning were each 7 years old when they were separately diagnosed with a disease that would eventually make them blind.
OC’s Hottest Industry Examines New Startups
Networking group OCTANe hosted its annual meeting for one of Orange County’s hottest industries: ophthalmology.
Raises $59.8 Million In Stock Offering
High-flying Cryoport Inc. (Nasdaq: CYRX) has plans to expand its distribution—of which it is the largest transporter of biologically sensitive products—and hire new employees to do it.
Government Streamlines Rules For Costly Procedure
Irvine-based Edwards Lifesciences Corp. (NYSE: EW) said that it’s encouraged by recent streamlining of rules by the Centers for Medicare and Medicaid Services for the life-changing transcatheter aortic valve replacement, or TAVR, procedure for aortic stenosis.
EEG Device Monitored Infant Surgeries
Irvine-based Masimo Corp., which makes patient monitoring devices, said a study found one of its products effectively monitored babies and toddlers undergoing surgeries.
Tilly’s Tech Chief Says Employee Education Key
More than 2,500 retail security executives gathered at the Anaheim Convention Center last month for the National Retail Federation’s annual NRF Protect conference, which included a keynote from Judy Smith, president of Smith & Co., whose crisis management work inspired the ABC series “Scandal.”
Stock Price on Tear; Value Now Tops $1B
Irvine-based medical device maker Axonics Modulation Technologies Inc. (Nasdaq: AXNX) saw its market value top $1 billion in late June, after the FDA said it was safe for trial patients using its products to get full-body MRIs.
Almost $15M Raised; CEO Change This Year
Irvine-based JenaValve Technology Inc., which develops, manufactures, and markets transcatheter aortic heart valves and delivery systems, has raised $14.5 million in funding, regulatory filings indicate.
IV Infusion Treats Pain, Cancer, More
Israel-based Eitan Group, a provider of infusion therapy products designed to treat pain management using IVs and other methods, has opened a new U.S. headquarters office in Aliso Viejo.
The S&P 500 increased 0.5% to 2,928 while the Dow Jones industrial average rose 0.2% to 26,588 at midday trading; Nasdaq jumped 0.7% to 7,967.34
INNOVATION: Health FastPass gets reworked
Newport Beach’s Concierge Key Health, one of Orange County’s closely watched healthcare-related startups, has named its third chief executive in less than a year, while also making a change-up in its target demographic.
FINANCE: $100M for Cancer-Fighter PeproMene
Irvine-based PeproMene Bio Inc., a biotechnology company with a blood cancer treatment that has deep ties to Duarte’s City of Hope National Medical Center, is looking to become Orange County’s next big healthcare company to go public.
Device a ‘Game Changer’ For Heart Surgery
Hoag Hospital in Newport Beach recently hit a notable milestone in the realm of cardiothoracic surgery—its 500th procedure using transcatheter aortic valve replacement, or TAVR, which is a non-invasive alternative to open-heart surgery.
Study Shows 97% Reduction In Intraocular Pressure
San Clemente-based iStent maker Glaukos Corp. (NYSE: GKOS) was a breakout star in Orange County’s healthcare industry last year, thanks to sales growth, expansion plans for its local operations, and a more than billion-dollar boost to its market value after a competitor flameout.
Hoag-Physician Venture Located at Tustin Legacy
Hoag Orthopedic Institute is on an expansion push.
Decision Delayed For Europe’s Version of Jeuveau
Newport Beach-based Evolus Inc. (Nasdaq: EOLS) said the European Commission is taking longer than expected to reach a decision on marketing approval for Nuceiva, its European version of the competitor to Allergan’s Botox.
Niccole Aims to Make People Feel Fabulous
Dr. Michael Niccole is happiest when he does a surgery to improve a person’s looks.
Pimentel Runs OC’s No. 59 Nonprofit
Chief Executive Pamela Pimentel at Moms Orange County was named to the advisory board of CalOptima, a public health insurance program for low-income individuals.
Stem Cells Used For Nanotech Treatment
UCI researchers said they successfully used a nanotechnology treatment derived from bone marrow stem cells to reverse multiple sclerosis symptoms in mice.
Event Follows New Beall Family Donation
Elliot Botvinick, Ph.D., a University of California-Irvine professor who is involved in two startups, took home the prize of Entrepreneurial Leader of the Year at UCI’s Applied Innovation’s second annual award ceremony on May 29.
$20.5M Cash Buy of Cryogene
Cryoport Inc. (Nasdaq: CYRX), a provider of cold-chain logistics services for the biopharmaceutical industry, is a hot stock.
New Analyst Sets $5 Price Target
Tustin-based Avid Bioservices Inc. (Nasdaq: CDMO), a pharmaceutical contract manufacturer that’s seen its share of change the past year, might be returning to the light as its stock gains traction, and the attention of a new analyst.
Eyedaptic Tied to UCI Herbert Institute
Ophthalmology software startup Eyedaptic Inc. in Laguna Beach said it has completed a successful clinical trial for its augmented reality glasses, which are designed to improve quality of life for those suffering from macular degeneration—nearly 150 million people worldwide.
Fresca Aims to Bring To Market in 2020
Doctors will tell you that looking at your smartphone before going to bed is a bad move if you want a good night’s sleep.