Katie Szyman says her move to lead Masimo Corp. in February was as much of a surprise to her as it was to everyone else. Six months prior, she became worldwide president of BD Advanced Patient Monitoring, the former Critical Care unit of Edwards Lifesciences Corp. that was acquired by Read More
Alcon Inc. has received its first Food and Drug Administration approval since its spinoff from Swiss medical giant Novartis in 2019. Last month, the FDA cleared the company’s Tryptyr ophthalmic solution. “We look forward to making this new treatment available to millions of patients affected by dry eye disease,” Alcon Read More
Orange County’s largest private companies experienced continued growth last year, primarily driven by mergers and acquisitions. The 33 companies on the Business Journal’s annual list reported a 6% increase in revenue to $110.3 billion in 2024. That compares to a 4.5% increase in 2023 and a 1.4% increase in 2022. Read More
Evolus Inc. wants to change how people think of fillers with its newest product line. The Newport Beach aesthetics company launched Evolysse Form and Evolysse Smooth, which refers to its injectable hyaluronic acid gels. The first two products in the Evolysse collection received Food and Drug Administration approval in February. Read More
TOCA Football Inc. has raised $35 million in new funding. The proceeds will be used to further expand TOCA’s Topgolf-inspired concept TOCA Social globally, as well as grow its soccer training technologies. A large part of the funding is $20 million in debt financing from J.P. Morgan Commercial Banking. “They Read More
Staar Surgical Co. reported first quarter revenue of $42.6 million, down 45%, as the local maker of implantable lenses faced weak demand in China. Sales in China, by far its largest market, were $389,000 compared to $38.5 million in the same quarter a year ago. The company attributed the drop Read More
Allergan Aesthetics, the aesthetics unit of Chicago’s biopharmaceutical giant AbbVie Inc., is laying off 202 employees in Irvine, effective July 22. Of the 202 employees, only 19 are reported to work in-person at the Irvine location with the rest being remote, according to a Worker Adjustment and Retraining Notification (WARN) Read More
Costa Mesa-based Toca Football Inc. has secured $35 million in new funding. The funding, announced today, includes $15 million in equity. The company also received $20 million in debt financing from J.P. Morgan Commercial Banking. The company said that it will use the new capital to expand the company’s Topgolf-inspired Read More
The future of well-known Orange County School of the Arts is up in the air amid a long running financial dispute with the Santa Ana Unified School District. A court has ordered the charter school, known as OCSA, to pay $16 million in accumulated special education program costs from over Read More
Hoag Memorial Hospital Presbyterian, the second-largest hospital in Orange County, is in the midst of a major $1.2 billion expansion in Irvine. Six new buildings are taking shape at what Hoag’s calling the Sun Family Campus, supported by the hospital’s $300 million Boldly Hoag campaign which has raised close to Read More
