HEALTH CARE

Culver City-Based NantCell Raises Second $30M Round

NantCell Inc., a Culver City-based biotech firm founded by Los Angeles billionaire Patrick Soon-Shiong, has raised $30 million in investor funding after a similar injection late last year, according to a March 14 securities filing.

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Children’s Hospital Los Angeles Researcher Receives $1.6M to Study Eye Cancer

A scientist at Children’s Hospital Los Angeles has received a $1.6 million federal grant to study the cause of a rare eye cancer known as retinoblastoma, the hospital announced March 14.

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Long Beach Approves Tentative Deal to Reopen Community Hospital for $90M

The City of Long Beach has agreed to a deal for at least $90 million to reopen Community Hospital Long Beach after its former operator pulled out because of the cost of pending seismic safety repairs.

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Obituary: Roy Doumani, 1935-2019

Roy Doumani, a keen Los Angeles businessman, philanthropist and driving force behind bioscience innovation whose education nurtured a generation of entrepreneurs at UCLA, has died. He was 83.

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Cedars-Sinai, Providence Form Joint Venture for Tarzana Hospital

Providence St. Joseph Health and Cedars-Sinai have agreed to create a joint venture to own and operate Providence Tarzana Medical Center, Cedars-Sinai announced Tuesday.

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Molina to Lay Off Nearly 90 More Workers in Latest Termination Wave

Molina Healthcare Inc., a Long Beach-based managed-care services provider, will lay off nearly 90 more workers during a wave of layoffs that dovetails with the offshore outsourcing of its IT services, according to a state employment report.

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Trethera Corp. Raises $8M During Biotech Investor Round

Trethera Corp., a biotechnology firm based in Brentwood, raised up to $8 million from investors, according to a securities filing posted March 11.

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HEART OF STONE

BUSINESS LEADERS OF THE YEAR

City of Hope Chief Executive Robert Stone’s patient-first mindset leads to growth

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Providence Saint John’s Receives $5M Gift From Longtime Supporters

A Los Angeles couple who have been major supporters of Providence Saint John’s Health Center gave $5 million to its foundation to support health care and research.

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Puma Bio Shares Soar After Tripling Q4 Earnings From Cancer Drug Sales

Puma Biotechnology Inc., a biotech company based in West Los Angeles, announced March 1 it had tripled its year-over-year fourth quarter earnings to $61 million on sales of its signature breast cancer drug.

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Biotech Company Launched by Caltech Professor Raises $25M

Axial Biotherapeutics Inc., a biotechnology company with roots at the California Institute of Technology in Pasadena, has raised $25 million in a Series B round.

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West Hollywood-Based Aiva Partners With Cedars-Sinai on Smart Hospital Rooms

Aiva Inc., a digital health startup based in West Hollywood, struck a deal with Cedars-Sinai Medical Center to employ Aiva’s bedside voice assistant to allow patients to speak to Amazon’s Alexa to summon a nurse or change the TV channel.

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UCLA Opens Heart Practice Downtown in Advance of Planned Full Health Clinic

UCLA Health opened a new cardiovascular practice downtown on Feb. 25 to offer a full range of heart-health services within the city center.

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City of Hope Receives $12.5 Million Federal Grant to Fight Lymphoma

City of Hope National Medical Center was awarded a $12.5 million federal research grant to develop innovative ways to prevent and treat lymphoma, the hospital announced Feb. 21.

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Crescent Capital Group Finances Purchase of European Pharmacies

A unit of Crescent Capital Group, an alternative credit investment company based in West Los Angeles, has provided financing for the purchase of a European pharmacy chain purchased by Bencis Capital Partners.