Sherry Hsieh

Staff Reporter

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

Recent Stories

Agendia Gets Notable Nods for Cancer Gene Test

NCCN, ASCO Approvals Coincide With New Funds

Agendia Inc. is making headway in oncology diagnostics.

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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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.

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.

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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STARTUPS & INNOVATIONS

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

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.

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.

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.

Alzheimer’s Disease Doctors Talk Drug Treatment

Call for Patient Studies; Aivita Starts Cancer Trial

Drug treatment took center stage at the 29th Annual SoCal Alzheimer’s Disease Research Conference late last month at the Irvine Marriott hotel.

STARTUPS & INNOVATIONS

Irvine-based blockchain and transactions startup Xeeda Inc. is taking orders for its inaugural product, a cryptocurrency hardware wallet and integrated app to be used with smartphones.

Midday Stock Roundup

The S&P 500 fell 1.1% to 2894.54.

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Edwards Stock Spikes On Sales Rumor

HEALTHCARE: OC’s top pub co. potential J&J target

The value of Orange County’s largest publicly-traded company, Edwards Lifesciences Corp. (NYSE: EW), reached an all-time high last week, its shares jumping nearly 15% to give the medical device maker a market capitalization of about $36 billion.

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Patient to Innovator, Seres Credits ‘11 Health Family’

Company in Growth Mode, Plans $20M Series B

Michael Seres has not lost his accent or his dry sense of humor since moving from Britain to the United States.

Midday Stock Roundup

The S&P 500 rose 0.7% in midday trading to 2925.71.

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No Frown Lines for Bonti After Allergan Buy

HEALTHCARE: Upstart Botox competitor goes for $195M

After three years of local job cuts and a shrinking corporate presence, Allergan PLC is investing again in Orange County.

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Families Roll Out Baby Food Kitchen

INNOVATION: Three families run organic shop

Love & Purée was launched in Costa Mesa this April to make sure kids eat healthy, fresh and organic.

Allergan, Alibaba Launch New Aesthetics Platform

Aims to Cut Out Fake Botox Sales in China

Allergan PLC (NYSE: AGN) is expanding its worldwide reach.

Cardiac Monitoring Firm Ecom Preps Product Launch

HEALTHCARE: Seeks $10M+ for Series C

Three’s better than one, according to Ecom Medical Inc.

Midday Stock Roundup

The S&P 500 rose about 0.75% to 2929.60

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Glaukos Assures Wall Street and Doctors on Stent Safety

Says Alcon Recall Product-Specific

Stockholders of San Clemente-based medical device maker Glaukos Corp. (NYSE: GKOS) got an early Christmas gift last month, as the product failure of a competitor firm in the emerging micro-invasive glaucoma surgical (MIGS) sector sent the company’s stock up about 40% to an all-time high, while adding about a billion dollars to its market value.

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Mynd Stock on the Mend After Deals, New Report

Forges Recent Partnership With N.C.-Based Provider

It’s been a good month for Mission Viejo-based Mynd Analytics (Nasdaq: MYND), a data analytics firm whose products help doctors provide better and more personalized mental health services.

Allergan to Buy NB’s Bonti

Allergan PLC announced it will buy Newport Beach-based Bonti Inc. for $195 million.

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Midday Stock Roundup

The S&P 500 rose about 0.5% to 2,902.59.

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Afable Moves From St. Joseph to Startup

INNOVATION: OC50 vet CEO of Concierge Key

Richard Afable didn’t stay retired for long. The prominent Orange County healthcare industry veteran who stepped down as chief executive of St. Joseph Hoag Health in Irvine in December, recently took the chief executive role at Newport Beach-based Concierge Key Health LLC, a 1-year-old startup firm that created a mobile app for on-demand access to medical specialists.

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Avid Beats on Lower Revenue

Tustin-based Avid Bioservices Inc. (Nasdaq: CDMO) reported fiscal first-quarter revenue fell 54% to $12.6 million from the same period a year ago but the figure topped analyst estimates and the company reaffirmed full year revenue guidance in a range of $51 million to $55 million.

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AI Summit Focuses on Next-Gen Tech & Limitations

Clinicians Vital In Bridging Application Gap

The future of healthcare is a technology-driven one, with machine learning, deep learning and other aspects of artificial intelligence all crucial elements.

Firms Bet on Specialized Health-Fitness Offerings

Care Tailored to Execs, Seniors, Stretching Fans

Consumers are changing the shape of healthcare with their choices, giving rise to the new product category of “wellcare,” according to a PricewaterhouseCoopers report released last year. It refers to products and services that help people stay healthy, youthful-looking and in shape.

OC’s No. 1 Drugmaker, Allergan, Keeps Downsizing

Dendreon Plans to Grow; Peregrine Drops Off List

Compared to robust activity in the medical device sector, the eight biggest drugmakers with headquarters or significant operations in Orange County reported lackluster local employment of 2,153 in the year ended July 31, down nearly 20%.

Medical Device Makers’ Employment Rises 4.5%

Top Four Increase Headcount Above Average

Medical device makers with operations in Orange County added over 900 employees in the year ended July 31, up 4.5% year-over-year, according to Business Journal research. The top four reported above-average growth, fourth-ranked Microvention Inc. in Aliso Viejo up 29%, the biggest move.

Startups & Innovations

Spinal Singularity Inc., a seed-stage medical device company that’s developing bladder-management products for people suffering from spinal injuries, has gotten a new source of funds.

Quality Systems Now NextGen

Quality Systems Inc. (Nasdaq: QSII), an Irvine-based medical and dental practice management service provider, announced today that it has changed its corporate name to NextGen Healthcare Inc., effective immediately.

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Smile Brands Plans M&A Growth

Smile Brands Inc., an Irvine-based dental business support services provider, named Kevin Rogus as vice president of mergers & acquisitions.

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Midday Stock Roundup

The S&P 500 was down 0.5% in midday trading to 2,873.96.

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Glaucoma Competitor Exit Gives Ivantis, Glaukos Boost

HEALTHCARE: FDA OK for Hydrus Microstent

Irvine-based Ivantis Inc., an 11-year-old ophthalmic device maker of eyelash-sized stents used to treat glaucoma, couldn’t pick a better time to bring its first product, Hydrus Microstent, to market in the U.S.

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