Peter Brennan

1 month ago | ocbj.com | Peter Brennan

April 10MEDTECHShares of Evolus Inc. (Nasdaq: EOLS) decreased 9.4% to $9.40 apiece with a market cap of $597 million. The Newport Beach maker of facial injections ’ core product is among many medtech companies facing uncertainties amid a global trade war launched by President Trump. Its core product Jeuveau, a rival to Allergan’s Botox, is manufactured in South Korea and imported into the U.S.Shares of ICU Medical Inc.

1 month ago | ocbj.com | Peter Brennan

Sandra Beaver has promised investors that Evolus Inc. will triple revenue to $700 million by 2028. To reach that goal, the Newport Beach maker of facial injections would need an annual compounded annual growth rate (CAGR) of 27%. Thus far, it’s well above that CAGR as sales climbed 32% to $266.3 million in 2024. Analysts are projecting 32% growth this year to $353 million followed by another 33% increase to $469 million in 2026.

1 month ago | ocbj.com | Peter Brennan

After Charlie Zhang accepted his Business Journal award for Excellence in Entrepreneurship on March 20, he told the crowd, “God bless America.”It was a statement that combines two factors that Zhang believes helped him achieve success: the United States and God. Zhang grew up in Shanghai, where his family ran a coffee roasting business until the communists threw his father in prison.

1 month ago | ocbj.com | Peter Brennan

Orange County’s unemployment rate fell to 3.9% in February from a revised 4.1% in January and unchanged from February last year, according to the state’s Employment Development Department. The state’s unemployment rate of 5.5% was unchanged from January and up from 5.1% a year ago. The U.S.’s was 4.5%. Nonfarm OC employment increased by 8,000 jobs from January to February when 1.68 million were employed. Seven of the 11 industry sectors saw job increases.

1 month ago | ocbj.com | Peter Brennan

City National Bank hired Joe Yurosek, who is well known in Orange County banking circles, as its president of commercial banking. Yurosek most recently was regional president of Western markets for Fifth Third Bank, where he oversaw the middle market expansion in California and Texas. He supported many lines of business including commercial banking, regional sponsor coverage, healthcare coverage, commercial real estate, treasury management, private banking and wealth and asset management.