Orange County’s medical device industry remains highly active, despite the appearance of slowing growth on the surface. The 25 companies reported 22,495 employees, a less than 1% decrease from a year ago. It’s the first decline in three years. The dip was driven in part by layoffs at Masimo Corp. Read More
Carrie Strom, the top official at AbbVie’s Allergan Aesthetics, recently announced her departure from the AbbVie-owned company. Since 2020, Strom has led the Irvine-based aesthetics unit of AbbVie, which acquired Allergan for $63 billion. Allergan Aesthetics’ portfolio includes leading aesthetic products such as Botox Cosmetic and Juvederm fillers. The announcement Read More
Edwards Lifesciences Corp. today announced that it received CE Mark approval, the European equivalent of the Food and Drug Administration, for its Sapien M3 mitral replacement system. The device replaces the mitral valve in patients with severe mitral regurgitation (MR). It’s said to be the world’s first approved transcatheter valve Read More
Local construction companies are seeing more projects from K-12 schools.One of the more notable ones is Irvine High School (IHS), which spent $35 million on a new performing arts center. IHS, serving nearly 2,000 students, opened the facility on Feb. 7 after breaking ground in January of 2023. The school Read More
SmartStop Self Storage REIT Inc. today announced the closing of on an $810 million public offering. The Ladera Ranch real estate investment trust, with storage facilities in the U.S. and Canada, offered 31 million shares of its common stock at $30 per share. The underwriters also exercised their option to Read More
Orthopaedic Specialty Institute (OSI) is merging with three other practice groups, housing multiple specialties under one roof. OSI was already partnered with Seaview Orthopaedics and Southern Orange County Orthopedic Group and recently added on Integrated Specialty Partners, launching a new neurosurgery division. “The way medicine has trended over the last Read More
Genomic Testing Cooperative (GTC) is expanding into the European market by partnering with German laboratory Labor Dr. Wisplinghoff. “Our diagnostics tests going out of the U.S. to Europe is democratizing science,” Chief Executive Dr. Maher Albitar told the Business Journal. GTC was founded in 2018 by Albitar, who has extensive Read More
Since winning the Business Journal’s CFO of the Year Awards last May, Joyce Pae has gone from managing two balance sheets at Verus Aerospace to focusing only on one. She was recognized for keeping Verus afloat during the pandemic and overseeing the company’s split, which led to the formation of Read More
Nalu Medical Inc. today named Raymond Cohen as chairman of its board of directors. The Carlsbad-based company appointed the veteran medtech exec, who sold urology-focused company Axonics Inc. to Boston Scientific Corp. for $3.7 billion last November. “We look forward to benefiting from Mr. Cohen’s broad experience in growing MedTech Read More
Todd Watts said PatientFi LLC has had its fair share of challenges. It faced close calls in the pandemic when doctors’ offices shut down and bank lending paused, affecting the amount of demand for its payment platform to pay for elective procedures. “We mapped out on a whiteboard, ‘Okay, these Read More
