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

Cedars-Sinai Study: Care Costs Less When Doctors Follow Computer Alerts

Physicians who follow computer alerts attached to electronic health records find their patients experience fewer hospital complications and lower costs, according to a study on inpatient care.

Catasys Inc. of Brentwood Reports $4 Million Q2 Loss

Catasys Inc., a digital health analytics company based in Brentwood, reported a $4 million loss in the second quarter despite a jump in billings and enrollment.

BioSig Tech Gets Federal Green Light to Sell Medical Device

BioSig Technologies Inc., a medical device firm based in West Los Angeles, announced Aug. 14 it had received federal clearance to sell a signal processing platform to assist cardiologists.

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Aetna Launches Insurance Plan to Include L.A. County Hospital Networks

Health insurance giant Aetna Inc. has launched a new plan geared for Southern California that includes collaborations with Los Angeles County hospital systems.

U.S. News Ranks L.A. Hospitals Among the Best in the Nation

Los Angeles County hospitals ranked among the highest in the nation and California, with UCLA Health and Cedars-Sinai both placed among the Top 10, according to a U.S. News and World Report assessment released Aug. 14.

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Puma Cancer Drug Sales Rise 41 Percent in Q2

Puma Biotechnology Inc. reported a 41 percent jump in sales of its signature breast cancer drug to $51 million in the second quarter.

Cedars-Sinai Licenses Brain Vaccine Tech to Pasadena-Based StemVax

Cedars-Sinai Medical Center has awarded rights to a preclinical vaccine to prevent recurring brain tumors to StemVax Therapeutics, an emerging biotechnology firm based in Pasadena.

UCLA Awarded $9.3 Million to Treat Underserved Men With Prostate Cancer

The state has awarded $9.3 million to the UCLA Jonsson Comprehensive Cancer Center to provide free treatment for needy men with prostate cancer.

Los Angeles County Aims to Fast-Track Bioscience in Unincorporated Areas

Los Angeles County may fuel its $40 billion bioscience industry by clearing regulatory roadblocks to building labs and manufacturing plants in unincorporated areas.

Cedars-Sinai Joins Forces With Salix Pharmaceuticals to Research Gut Disorders

Cedars-Sinai Medical Center has entered into an agreement with New Jersey-based Salix Pharmaceuticals to investigate the treatment of gastrointestinal disorders.

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Brentwood Associates Acquires MD Now Urgent Care

Brentwood Associates, a Sawtelle-based private equity firm, has acquired MD Now Urgent Care for an undisclosed sum.

Prime Healthcare Services and its CEO to Pay $65 Million in Medicare Overbilling Settlement

Ontario-based Prime Healthcare Services Inc. and its chief executive have agreed to pay $65 million to settle federal allegations of Medicare overbilling at 14 California Hospitals, including two in Los Angeles County, the U.S. Attorney’s Office announced Aug. 3.

Molina Health Care Reports $200M in Earnings in Q2

Insurance giant Molina Health Care Inc. is on a financial rebound, reporting more than $200 million in second quarter earnings after suffering a loss during the same period last year.

Cedars-Sinai Awards $5.9 Million to Help Services for Needy Angelenos

Cedars-Sinai Medical Center has awarded $5.9 million in grants to assist the homeless and boost behavioral health.

Arrowhead Pharma Receives $10M Milestone Payment From Amgen

Arrowhead Pharmaceuticals Inc. of Pasadena announced Aug. 1 it had received a $10 million milestone payment from Amgen Inc., now developing an Arrowhead drug to treat cardiovascular disease.