HEALTH CARE

Recent and archived news stories on: biotechnology, pharmaceutical companies, health insurance companies, hospitals, medical devices, medical groups

NeuroSigma Wins Federal Clearance to Sell First Medical Device for ADHD

NeuroSigma Inc., a bioelectronics company based in Westwood, received federal clearance to market the first medical device to treat childhood ADHD, or attention deficit hyperactivity disorder.

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Children’s Hospital Los Angeles Raises $2M During SoCal Fundraiser

A record 123 businesses across Southern California raised nearly $2 million during a spring fundraiser for Children’s Hospital Los Angeles, the hospital announced April 17.

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Molina Healthcare to Lay Off 75 Workers in Latest Round

Molina Healthcare Inc., a Long Beach-based managed-care services provider, will lay off 75 more workers during a wave of reductions that appears related to the offshore outsourcing of its IT services.

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Staar Surgical Moves HQ to Orange County

Staar Surgical Co., a publicly traded pioneer of implantable contact lenses, has moved from its long-time headquarters in Monrovia to Orange County.

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Soon-Shiong, Nantcell Sued Over Alleged ‘Catch and Kill’ of Cancer Drug

A San Diego biotech firm alleged Patrick Soon-Shiong and his NantCell Inc. company implemented a “catch and kill” scheme to stymie a new cancer drug that could hurt sales of a rival blockbuster drug invented by the Los Angeles billionaire, according to a lawsuit filed April 3.

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Koreatown-Based Pragma Inc. Raises $2.5M Backed by the Mayo Clinic, Michelson 20MM

Pragma Inc., a health tech company based in Koreatown that streams on-demand medical lectures and surgery videos, on April 3 announced a seed round of $2.5 million.

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UCLA Awarded $20 Million to Rebuild Medical Plaza and Conduct Research

The Los Angeles-based W.M. Keck Foundation gave $20 million to UCLA to fund biomedical research grants and support a renovation of the UCLA Medical Plaza, the university announced April 2.

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West L.A.-Based BioSig Tech Raises $8.6 Million from Investors

BioSig Technologies Inc., a medical device company based in West Los Angeles, has raised $8.6 million in a private placement, according to a securities filing.

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Emmaus Life Sciences Raises $2.6 Million From Investors

Emmaus Life Sciences Inc., a biotechnology company based in Torrance, raised $2.6 million in securities, according to an April 1 filing.

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L.A. Care Awards $2.2M in Grants to Health Care Clinics to Recruit Doctors

L.A. Care Health Plan, a publicly operated insurance agency based in Westlake, announced March 29 it awarded $2.2 million in grants to local health care clinics to recruit needed primary care physicians.

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Culver City-Based NantHealth Reports $49M Loss in Q4, $191M for the Year

NantHealth Inc., a biomedical diagnostic company based in Culver City, on March 28 announced a fourth quarter loss of $49 million, while year-over-year revenue rose 3 percent.

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NantKWest Raises $39 Million From Company Founder Patrick Soon-Shiong

NantKwest Inc., a biotechnology company launched by Los Angeles businessman Patrick Soon-Shiong, raised $39 million in a private placement by its chairman and chief executive to advance a natural killer cell treatment for cancer.

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Downtown-Based Flexogenix Files for Chapter 11 Bankruptcy

Flexogenix Group Inc., a Los Angeles-based company that operates joint care clinics in a half dozen U.S. cities, has filed for Chapter 11 bankruptcy.

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City of Hope Awarded $7.5 Million to Develop Therapies for Rare Blood Cancer

City of Hope National Medical Center received $7.5 million in federal and private grants to study a rare blood cancer that affects the skin.

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Pragma Teams Up With Mayo Clinic to Produce Medical Videos

Pragma Inc., a health tech company based in Koreatown that offers a library of on-demand medical lectures and surgical videos, on March 18 announced a partnership with the Mayo Clinic of Minnesota.

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