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

AcuraStem Gets $3.7 Million Grant to Treat ALS

AcuraStem Inc., a biotech company based in Monrovia, has received a $3.7 million fast-track grant to develop a treatment for Lou Gehrig’s disease.

Children’s Hospital L.A. Offers Genetic Cancer Test to New Hospital Consortium

Children’s Hospital Los Angeles has joined a national consortium of pediatric hospitals that will employ its personalized cancer treatment for children.

Three More Physicians Charged in $580M Kickback Scheme at Pacific Hospital

Three more doctors were charged in connection to an alleged $580 million kickback scheme linked to spinal surgeries at the defunct Pacific Hospital in Long Beach.

PeproMene Bio Receives $40 Million

Biotech firm’s immunotherapy drug was developed at City of Hope

PeproMene Bio Inc., an Irvine-based biotechnology company with a blood cancer immunotherapy licensed from City of Hope, has received $40.2 million in investor funding.

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UCLA Leads the Nation in Kidney Transplants

UCLA Health led the nation last year in the number of kidney transplants, with a record 363 surgeries performed at its Westwood campus, the university announced.

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Meyer and Renee Luskin Give $1 Million to Orthopaedic Institute for Children

Los Angeles philanthropist and businessman Meyer Luskin and his wife Renee have donated $1 million to the Orthopaedic Institute for Children in downtown, the hospital announced June 11.

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Biotech Mogul Patrick Soon-Shiong to Launch Nant IPO

Los Angeles billionaire Patrick Soon-Shiong may soon add another public company to his stable of biotechnology firms, a spokeswoman said on June 11.

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L.A. Jobs on the Line as Opponents Battle $62 Billion Takeda Buyout of Shire

A group of shareholders that includes the founding family of Takeda Pharmaceutical Co. Ltd. of Japan aims to scuttle a $62 billion acquisition of Shire Plc. The outcome could affect Shire jobs in Los Angeles.

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Headspace Creates Rx Meditation App

Headspace Inc., a Santa Monica-based tech firm with a meditation app used by millions, has launched a digital health subsidiary to develop the world’s first prescription meditation platform.

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Report: Strong Life Sciences Industry in California Could Be Curtailed By High Housing Costs

The life science industry in California remains robust, with more than 360,000 jobs in biotechnology, medical devices and diagnostics – but the soaring cost of real estate may impact its future ability to compete, according to a new study.

USC’s Keck Medicine Opening New Outpatient Clinic in the San Gabriel Valley

Keck Medicine of USC will soon open a multispecialty outpatient clinic in Arcadia.

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Neural Analytics Wins Federal Approval for Robotics Tech

Neural Analytics Inc., a medical device company based in Rancho Park, announced it has cleared a federal hurdle for a robotic system to assist with ultrasound in diagnosing brain trauma.

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Study: Physician Online Review Sites May Mislead Consumers

Online review sites that rate doctors tend to be skewed and can mislead patients, according to a new study by Cedars-Sinai Medical Center.

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New Jersey Biotech Firm to Shut Down Boyle Heights Genetics Lab

Cancer Genetics Inc., a DNA-based cancer diagnostic company based in New Jersey, has announced the pending closure of its Los Angeles laboratory in a move that could affect dozens of workers.

Cutting Edge Healthcare Acquires Respiratory Therapeutics Group

Cutting Edge HC Inc., a newly formed management company based in the Miracle Mile, has acquired Respiratory Therapeutics Group for an unknown sum.