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

Homeless Recuperative-Care Facility Opens in Pico-Union Following $1M Renovation

The Los Angeles-based National Health Foundation on Oct. 12 opened a 62-bed recuperative-care facility in Pico-Union for homeless residents discharged from nearby hospitals.

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Allogene Therapeutics Raises $324 Million in IPO as Shares Soar

Shares in South San Francisco-based Allogene Therapeutics Inc. rose nearly 40 percent to $25 at the close of its first day of trading on Oct. 11 after a $324 million initial public offering.

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Cedars-Sinai Accelerator Graduates Companies with Innovative Health Care Products

Cedars-Sinai Medical Center has graduated eight digital health startups from its business accelerator program with products designed to improve health care.

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UCLA Receives $5M Federal Grant to Study Early Lung Cancer Detection

UCLA has been awarded a $5 million federal grant to develop tools to improve early detection of lung cancer.

Bain Capital Picks Up L.A.-Based Senior Care Company LivHome

An investment fund run by Boston-based Bain Capital has acquired LivHome Inc., a Miracle Mile–based in-home care company for seniors, and will combine the company with another newly acquired in-home services firm based in North Carolina.

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Kite Wins Approval to Sell Blood Cancer Treatment in the U.K.

Santa Monica-based Kite, a Gilead Co., was given a go-ahead by the United Kingdom to treat some adults with lymphoma with its cell-based cancer therapy that was initially rejected as too costly.

Biotech Band Back Together

HEALTH CARE: Belldegrun outfit gets $420M, plans IPO

Cadre of L.A. scientists behind Kite Pharma head north with new project.

Arrowhead Pharmaceuticals Cuts Deal With J&J Valued at Up to $3.7B

Pasadena-based Arrowhead Pharmaceuticals Inc. has entered a licensing agreement with Johnson & Johnson to develop a drug to treat the hepatitis B virus in a deal that could be worth up to $3.7 billion, the company announced Oct. 4.

Kaiser Permanente Cuts Tentative Labor Agreement With U.S. Health Care Workers

Kaiser Permanente has reached a tentative labor agreement with an alliance of union health care workers in eight states and Washington D.C. that includes more than 30,000 workers in Southern California.

L.A. County to Notify Doctors of Patient Opioid Deaths

Physicians across Los Angeles County will soon be notified by the Medical Examiner-Coroner if a patient has died of an opioid overdose.

USC Biomedical Engineers Awarded $2.4 Million to Combat Kidney Disease

Biomedical engineers at USC have been awarded a $2.4 million federal grant to study how nanoparticles can treat kidney disease, the university announced Oct. 2.

Molina Healthcare Spins Off IT Unit for $231 Million

Long Beach-based Molina Healthcare Inc. announced Oct. 1 it had completed the sale of its Molina Medicaid Solutions to DXC Technology Co. for $231 million.

DaVita Medical Holdings to Pay $270 Million Federal Settlement

Davita Medical Holdings, based in El Segundo, has agreed to pay a $270 million settlement to resolve federal allegations of Medicare billing fraud, the U.S. Attorney’s Office announced Oct. 1.

PatientPop Adds Online Scheduling for 50+ Health Care Practices

PatientPop Inc., a physician marketing platform based in Santa Monica, has expanded its scheduling service to more than 50 new online sites for health care practices.

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Summit Pushes L.A. as Bioscience Leader

Ridley-Thomas touts county’s ability to overtake rival San Diego market

L.A. County’s new Bioscience Summit eyes taking industry limelight from San Diego.

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