Sherry Hsieh

Staff Reporter

Email: hsieh@ocbj.com
Phone: 949-833-8373 Extension: 242

Recent Stories

Sabra Finds Buyer for Troubled Senior Care Portfolio

$385M Sale for 36 Sites; BK Filing for Operator

Sabra Health Care REIT Inc. (Nasdaq: SBRA) is ridding itself of a portfolio of nursing and senior housing properties run by an under-fire operator in Dallas.

Cloudvirga Adds To Exec Ranks

INNOVATION: New hire from loanDepot

Irvine-based digital mortgage software provider Cloudvirga continues to beef up its executive team.

No Signs of Sickness In Healthcare Sector

Healthcare was the standout industry in OC in 2018.

STARTUPS & INNOVATIONS

Seal Beach-based Industry Jump Inc. is seeking $500,000 in the form of a convertible note, founder and Chief Executive JJ Englert told the Business Journal.

UCI Health Names COO

UCI Health appointed Chad Lefteris chief operating officer, effective Dec. 17.

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Midday Stock Roundup

The S&P 500 was down 0.2% to 2,646.16.

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MYnd Names New CEO

Mission Viejo-based MYnd Analytics Inc. (Nasdaq: MYND) appointed Patrick Herguth as chief executive officer, replacing George Carpenter who will assume the new role of chief innovation officer.

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Edwards Gets Critical Care Systems Boost

HEALTHCARE: Big data drives evolution

Big data is the big buzzword in healthcare, and Edwards Lifesciences Corp. (NYSE: EW) is no exception—it’s made it part of a strategy to continue growing one of its three main business lines: critical-care technologies.

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SJC Device Maker Avenu Gets Reimbursement Nod

FDA Rethinks Device Approval Pathway

Food and Drug Administration approval is only the first step to medical device commercialization; device makers also need to obtain positive insurance coverage decisions from payers.

STARTUPS & INNOVATIONS

Verrix LLC recently announced the initial close of a Series B funding round for $8 million.

Bright Buddies Tackles Autism

INNOVATION: Seeks $3M; Kickstarter to get the word out

Irvine-based Bright Buddies Inc. wants to help children with autism and other special needs.

Midday Stock Roundup

The S&P 500 was down 1.7% to 2,653.76.

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Edwards Gets European OK for Sapien 3 Ultra Valve

Removes Necessity For Valve Alignment

Edwards Lifesciences Corp. (NYSE: EW) recently won European CE Mark for its next-generation transcatheter valve Sapien 3 Ultra for transcatheter aortic valve replacement.

Regenerative Medicine Provides Boost to Cryoport

HEALTHCARE: Eyes other sources of logistics growth

Cold-chain logistics provider Cryoport Inc. is getting a warmer reception on Wall Street.

STARTUPS & INNOVATIONS

Newport Beach-based Amnion Life, which develops incubation technology for premature babies, is seeking $200,000 on Wefunder to help bring its product to market.

Midday Stock Roundup

The S&P 500 was down 0.1% to 2,740.51.

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REIT Transformer

HCP’s GC Oversees Corporate Reinvention

It’s not uncommon for a person to quote an inspiring leader—Lincoln, Gandhi or even Vince Lombardi—during an acceptance speech.

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Alignment Healthcare Offers Seniors Concierge Care

January Launch For Medicare Advantage

Orange-based Alignment Healthcare is a little more than a month from introducing a first-of-its-kind concierge program for seniors with Medicare Advantage insurance coverage.

STARTUPS & INNOVATIONS

Fast-growing fintech firm Acorns Grow Inc. is seeking another funding round that would vault the 6-year-old Irvine-based company’s valuation to $700 million, according to news reports.

STARTUPS & INNOVATIONS

Irvine-based Mind Brain Parenting is leading the conversation on social-emotional learning.

Neurolens Takes the Pain Out of Digital Reading

HEALTHCARE: Seeks $15M Series D; hiring

If you get a headache reading this story online, don’t blame Neurolens.

Axonics IPO Gets Wall Street Charge

HEALTHCARE: $130M+ IPO will fund hiring spree

Axonics Modulation Technologies’ Oct. 31 initial public offering came at the end of one of Wall Street’s worst months in stock performance in recent memory.

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Location Is All For ASP Provider

INNOVATION: Size ‘M’ for cloud-based Locate

Laguna Hills-based application service provider Locate Inventory is growing with new office space, a new chief operating officer, and plans to double sales next year while also raising $5 million.

Viseon Gets FDA Nod for Surgical Imaging Device

Masimo Grows Pediatric Blood-Monitor Offerings

Irvine-based Viseon Inc., a year-old maker of minimally invasive spine surgery technology, has received regulatory approval of its first product.

Midday Stock Round-up

The S&P 500 was down 0.3% to 2,694.03.

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Agendia Gets Notable Nods for Cancer Gene Test

NCCN, ASCO Approvals Coincide With New Funds

Agendia Inc. is making headway in oncology diagnostics.

OC’s Healthcare REITs Buck Wall Street, See Gains

FINANCE: HCP, others on growth path

Orange County’s four largest publicly traded healthcare-focused real estate investment trusts and service providers largely emerged unscathed from October’s Wall Street bloodbath.

Midday Stock Roundup

The S&P 500 was down 0.2% to 2,809.78.

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Life Science Startups Take Center Stage

INNOVATION: OCTANe hosts LaunchPad event

Eight healthcare-focused companies, including two based in Orange County, presented at OCTANe’s annual Medical Technology Innovation Forum last week at the Newport Beach Marriott Hotel & Spa.

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Hoag Irvine Opens New Emergency Department

HEALTHCARE: Five times prior ER size

Irvine promotes itself as the safest city in the country crimewise.

Allergan’s Consumer Push Leans on Big-Data Hires

HEALTHCARE: Taps techies for Irvine ops

The maker of Botox is injecting some big data into its Irvine operations.

Aivita Board Adds Ex-Kite Pharma, Allergan Execs

Studies for Ovarian Cancer, Brain Tumors

Aivita Biomedical Inc.’s newest board additions bring star power to the privately held biotech company, which uses stem cells to develop “curative and regenerative” therapies for various ailments.

Masimo 3Q Sales up 8.9%

Masimo Corp. (Nasdaq: MASI) reported third quarter revenue climbed 8.9% to $210.6 million. Product sales grew 12% to $202.1 million for the quarter while royalty and other revenue declined 38% to $8.5 million.

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Midday Stock Roundup

Indexes continued to rally higher following the rebound on Tuesday, following some heavy losses toward the end of October. The S&P 500 was up 0.6% to 2,729.65.

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Edwards Bets Big On Investments

HEALTHCARE: 17% of sales on R&D spend

Edwards Lifesciences Corp., Orange County’s largest public company with a nearly $30 billion market value, is also one of its fastest-growing public companies, both in sales and stock growth.

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ICU Medical Rides Pfizer Unit Buy to New Heights

$900M Hospira Buy Pumps Sales By 300%

A nearly $1 billion ICU Medical Inc. (Nasdaq: ICUI) acquisition last year is paying immediate dividends for the San Clemente-based maker of medical technologies used in vascular therapy.

Fashion Island Adds Concierge Medicine

INNOVATION: ‘Forward’ thinks, acts like a tech co.

Fashion Island already has an Apple store, but the glitzy mall in Newport Beach now has Forward, which has been described as the Apple Store of doctors’ offices.

STARTUPS & INNOVATIONS

Costa Mesa-based Shed Defender makes onesies not for babies, but for dogs.

Hancock Jaffe CoreoGraft Valves Getting Texas Trial

Institute to Test Alternative To Typical Vein Grafts

Irvine-based medical device maker Hancock Jaffe Laboratories Inc. (Nasdaq: HJLI) entered a sponsored research agreement for the development of its CoreoGraft product with Houston-based Texas Heart Institute, one of the largest cardiovascular centers in the U.S.

Edwards: Sales Up, Shares Dip

Edwards Lifesciences Corp. (NYSE: EW) earned $226 million on sales of $907 million in its most recent quarter. Sales rose 10% year-over-year but missed expectations and its shares dipped 2% to a $30 billion market cap.

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Edwards Keeps Busy With Trials as its Stock Swings

Starr Surgical, Venture Heat Get FDA Nods

Edwards Lifesciences Corp. (NYSE: EW) has kicked off a pivotal domestic trial of the Centera transcatheter heart valve.

STARTUPS & INNOVATIONS

Irvine-based Koder Inc. is hiring as it tries to establish an online marketplace for freelance coders.

Health Rewards App Getting to the ‘Poynt’

INNOVATION: $5 million round for Carepoynt

Newport Beach-based startup Carepoynt LLC, which created an app-centric, incentive-based health platform, has finalized its second notable funding deal in four months.

Spectrum Pharma Names CMO

Spectrum Pharmaceuticals Inc. (Nasdaq: SPPI) named Francois Lebel as chief medical officer, overseeing the company’s clinical program including directing clinical trials and development as well as regulatory submissions.

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Midday Stock Roundup

Indexes were down more than 1% apiece in midday trading on the expectation that the Federal Reserve will continue to increase interest rates.

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STARTUPS & INNOVATIONS

Aliso-Viejo based AWM Smart Shelf appointed Leo Tsourides as head of science.

New Vertos Study Will Monitor Back Improvements

Will Use Fitbit to Track Users’ Quality-of-Life Info

Vertos Medical Inc. is looking to better quantify the improvements that are seen when patients with lower back problems use its products.

Stent Maker’s Advanced Bifurcation Seeks $20M

HEALTHCARE: Aims for 2020 FDA product nod

Advanced Bifurcation Systems Inc. has a simple pitch for investors, cardiologists and people suffering from coronary artery disease who could be candidates for its developing stent product: simplicity.

Midday Stock Roundup

The S&P 500 was down 0.6% to 2,769.31.

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NextGen Aims for Growth Following Restructuring

HEALTHCARE: New name, new ticker; mobile app

A corporate name change was the easiest part of NextGen Healthcare Inc.’s reinvention over the past three years, even though it may have gotten the most attention, according to Chief Executive Rusty Frantz.

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