HEALTH CARE

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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Brentwood-Based Catasys Reports Doubling 2018 Revenue to $15M

Catasys Inc., a Brentwood-based health tech company, reported March 14 it more than doubled its earnings last year to a record $15 million, with earnings expected to double again this year.

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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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