Sherry Hsieh

Staff Reporter

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

Recent Stories

UCI Names Population Health Head

University of California-Irvine named Bernadette Boden-Albala as director and founding dean of the university’s new school for population health.

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Cold Genesys Raises $22M

Santa Ana-based Cold Genesys Inc. closed a $22 million Series C preferred stock financing.

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Medtronic’s Irvine Team Earns FDA Product Approval

Biomerica Anticipates FDA OK for Diagnostics Test

An Irvine-based team for Medtronic PLC (NYSE: MDT) helped the company gain Food and Drug Administration clearance for an expanded use of its Pipeline Flex device to treat patients with small or medium wide-necked brain aneurysms.

Masimo’s Home Focus Takes on Opioid Crisis

Masimo Corp. is expanding from hospitals to the home.

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Edwards Expands Heart Portfolio

Edwards Lifesciences Corp. (NYSE: EW), the largest medical device maker in Orange County, announced today it has invested in two companies with structural heart disease technologies.

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Healthcare Real Estate Firms Buying Again

HEALTHCARE: CareTrust, Ensign aim for busy 2019

Orange County-based companies in the healthcare real estate sector are back in a buying mood this year, particularly for skilled nursing facilities.

BioCorRx Attracts Drug Abuse, Investments Experts

Hospitals Expand Outpatient Footprint

BioCorRx Inc., an over-the-counter publicly traded company with a $10 million market cap (OTC: BICX), is attracting the interest of drug abuse experts and the co-founder of a well-known institutional investor.

Midday Stock Roundup

The S&P 500 fell 0.5% at 2,756.52.

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Edwards Gets European OK on Heart Valve

Masimo Monitoring Device Cleared for Home Use

Edwards Lifesciences Corp. (NYSE: EW) scored a win with its Pascal transcatheter valve repair system that received European CE Mark for the treatment of patients with mitral regurgitation, or abnormal blood flow.

Midday Stock Roundup

The S&P 500 was about flat at 2,793.34.

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Axonics Shares Jump on Urinary Data; Awaits FDA

Biosense Starts Study; UCI in Skin Scar Report

Axonics Modulation Technologies Inc. (Nasdaq: AXNX) is getting closer to Food and Drug Administration clearance for the company’s first big product, the implantable r-SNM System, which uses mild electrical pulses as a treatment for people with urinary and fecal dysfunction.

Booming Business In Controversial Psychiatry

HEALTHCARE: Amen unfazed by critics

Dr. Daniel Amen has a crazy idea.

Spectrum Pharma to Grow R&D in OC

HEALTHCARE: CEO bets on cancer drugs

Spectrum Pharmaceuticals Inc. (Nasdaq: SPPI) Chief Executive Joe Turgeon plans to continue and perhaps expand the company’s research operations in Orange County despite job cuts elsewhere.

Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading at 2,783.90.

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Outpatients Push Healthy 7% Hospital Revenue Hike

UCI, Kaiser, Hoag: $3B, 37% of List’s Net Revenue

Orange County hospitals grew net patient revenue 7% year-over-year to $8.5 billion, largely due to the continuing move toward more outpatient visits.

Healthcare Q&A

Healthcare continues to move beyond the four walls—and multiple floors— of a hospital. Reasons for the “outpatient migration” to ambulatory care sites, other nontraditional locales and even into the home flow from personalization in care, cost savings, socioeconomic factors and lifestyle changes, all keyed to the goal of determining optimum treatment.

Cryoport Opens Global Logistics Facility in Amsterdam

Endologix’s Bad News; Masimo’s New Software

Cryoport Inc. (Nasdaq: CYRX), the Irvine-based cold-chain shipping logistics provider, is riding the gene and cell therapy development boom.

Health Technology Applications Blaze Treatment Trails

Hospitals Leading on AI, Data, Machine Learning

AI. Machine learning. Hospitals and healthcare.

County Commences $40M Mental Health Campus

HEALTH: CHOC, Kaiser, CalOptima, St. Joe, On Board

A $40-million, 60,000-square-foot medical facility in Orange will break ground soon with an initial $16.6 million in public money and further backing from OC healthcare providers St. Joseph Hoag Health and Kaiser Permanente, as well as OC’s largest health insurer Cal Optima.

Midday Stock Roundup

The S&P 500 was flat at 2,752.55.

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Evolus Gets FDA Nod For First Product

HEALTHCARE: Stock surges, new hires on tap

Shares of Evolus Inc. increased nearly 70% in the week after the Newport Beach-based company announced it won regulatory approval to sell a cheaper version of Allergan PLC’s best-known product, Botox.

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Nonprofit CFO Sharifi Embraces For-Profit Mindset

Expands Radiant to Generate Revenue

Guita Sharifi believes a nonprofit should run like a business, albeit with room for tears and fun.

Hoag Orthopedic Expands Into Physical Therapy

UCI Health Boss Starts; BioCoRx Wins Grant

Hoag Orthopedic Institute, which operates under a joint venture between Hoag Memorial Presbyterian Hospital and a physician group, is expanding.

Midday Stock Roundup

The S&P 500 was down 1.5% for 2,689.74.

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Biogennix names CFO

Biogennix, an Irvine-based maker of bone graft substitutes, appointed Robert Baizer as its first chief financial officer.

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Kiani Appoints Patient Safety CEO, Chairman

Allergan Study Success; Nestlé Likes ChromaDex

Masimo Corp. Chief Executive Joe Kiani is relinquishing his baton at the Patient Safety Movement Foundation, a nonprofit he founded in 2013 to reduce the number of preventable deaths in hospitals.

Midday Stock Roundup

The S&P 500 was up 0.7% for 2,700.32.

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Private Sector Focus For UCI Pharma

HEALTHCARE: Seeks help to find new drugs

University of California-Irvine has a vision for what the future of healthcare will look like, at least on its campus—an interdisciplinary approach to care and research comprised of four disciplines within its college of health sciences.

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Cryoport Expands Abroad, Names GM Vet to Board

Masimo Appoints Shimer; Urovant Starts Trial

Cryoport Inc. (Nasdaq: CYRX) recently expanded its international market presence by partnering with Dacos A/S, a laboratory equipment maker based Denmark.

NextGen Q3 Profit Beats Estimates

NextGen Healthcare Inc. (Nasdaq: NXGN), the biggest publicly traded health care software provider based in Orange County, reported fiscal third quarter adjusted profit of 18 cents, which topped analyst expectations of 15 cents.

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Midday Stock Roundup

The S&P 500 declined 0.4% for 2,628.21

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Edwards Using AI to Help Doctors Reduce Misdiagnoses

Aerie Eyes Japan For Rhopressa

Edwards Lifesciences Corp. (NYSE: EW), known for pioneering less-invasive transcatheter heart repair procedures, will work with San Francisco-based Bay Labs Inc. to apply artificial intelligence to cardiovascular imaging, to improve the detection of heart disease.

Spectrum Pharma to Sell Drug Portfolio

Spectrum Pharmaceutical Inc. (Nasdaq: SPPI) said today it has sold its portfolio of seven FDA-approved hematology/oncology products to Acrotech Biopharma LLC for up to $300 million.

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Midday Stock Roundup

The S&P 500 was up 0.2% to 2,620.71.

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BioPhotas Turns on the Bright Lights in Growth Push

New Product Lines, $599 Offering and UK Office

Anaheim-based BioPhotas Inc., a company looking to grow its presence in the biophotonics industry—a sector that combines biology and photonics—is expanding its product lines, consumer offerings, and global reach.

Endologix Seeks 2019 Rebound

HEALTHCARE: New CEO aims to regain trust

Endologix Inc. Chief Executive John Onopchenko is facing a Wall Street skeptical about the company’s future.

Midday Stock Roundup

The S&P 500 was up 0.6% to 2,564.48.

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Banner Year for Glaukos Products, and Its Stock Price

CEO Burns Amazed At iStent’s Acceptance

Three days in 2018—June 25, Aug. 29 and Nov. 14—highlighted the blockbuster year experienced by Glaukos Corp. and its shareholders.

Mission Hospital Getting New Chief Executive

Salaway Leaves Next Month

Mission Hospital, which is comprised of a campus in Mission Viejo and Laguna Beach, is getting new leadership.

Cold-Chain Logistics Provider Cryoport Lands $25M

HEALTHCARE: Investment could seed 2019 acquisitions

Cryoport Inc. (Nasdaq: CYRX) is not the only one excited about the outlook of biotech companies and their cell and gene therapy pipelines—and the services used to transport their ultra-sensitive materials from place to place.

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2019 Preview: REAL ESTATE

“With an expected market time of 127 days for all of Orange County, this is the coolest December since 2010” for home sales, notes a Dec. 16 report from local housing economist Steven Thomas.

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VC Firm Offers Bridge to Series A

INNOVATION: Mensa member targets B-to-P

Vosht Capital hopes to shake up Orange County’s funding ecosystem.

MemorialCare Boosting Outpatient Footprint in OC

RMV Health Center To Open Next Year

MemorialCare Health System is expanding its outpatient footprint, with South Orange County in particular getting more emphasis.

2019 Preview: HEALTHCARE

Next year digital health and big data analytics will come together to create more personalized care. OC’s ever-evolving healthcare industry will play a big part.

STARTUPS & INNOVATIONS

EvoNexus this month named Bob Genthert as managing director of the Southern California startup incubator’s location in Irvine.

Midday Stock Roundup

The S&P 500 was down 1.5% to 2,469.80.

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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.

No Signs of Sickness In Healthcare Sector

Healthcare was the standout industry in OC in 2018.

Cloudvirga Adds To Exec Ranks

INNOVATION: New hire from loanDepot

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

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.

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