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3 days ago | 
ocbj.com | Yuika Yoshida
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.
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1 week ago | 
ocbj.com | Yuika Yoshida
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.
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1 week ago | 
ocbj.com | Yuika Yoshida
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 to its two distributors consuming their existing inventories.
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2 weeks ago | 
ocbj.com | Yuika Yoshida
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) letter sent to state employment officials on May 21. Affected positions include sales, data engineers and product mangers across various divisions.
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2 weeks ago | 
ocbj.com | Yuika Yoshida
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 concept, Toca Social, internationally, as well as grow its soccer training technology.
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2 weeks ago | 
ocbj.com | Yuika Yoshida
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 a 20-year period. That amount is about a third of OCSA’s annual budget. Having to pay the sum may put the school into a restructured bankruptcy, said OCSA Chief Executive and President Teren Shaffer.
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2 weeks ago | 
ocbj.com | Yuika Yoshida
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 $235 million to date. Hoag is also embarking on another expansion in South Orange County with a $20 million clinic slated to open this summer in San Clemente.
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2 weeks ago | 
ocbj.com | Yuika Yoshida
Makani Science is one step closer to commercial launch. The Irvine medtech company last month received 510(k) clearance from the Food and Drug Administration for its wireless, wearable respiratory monitor in adults. “It shows that our device not only works as we say it does, but it shows that it’s safe, it’s accurate and at least equal to the current devices that are on the market,” Chief Executive Greg Buchert told the Business Journal.
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2 weeks ago | 
ocbj.com | Yuika Yoshida
Forever Ageless Inc. is seeing continued growth for its aesthetics treatments and services. Since the Newport Beach medspa won a Business Journal Family-Owned Business Award in the medium-sized company category last May, business has grown about 9.8%, which is “great for our industry,” according to Zara Cerni. “We were still strong last year when there was a lot of uncertainty,” Cerni told the Business Journal.
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3 weeks ago | 
ocbj.com | Yuika Yoshida
Newport Beach-based Positive Beverage LLC today announced that it has expanded to 18 Harvest Food stores. The beverage startup’s alternative energy drinks and sparkling waters will be sold in all Washington locations of the grocer, expanding its presence on the West Coast.
