Los Angeles Business Journal


Recent and archived news stories on: Biotechnology, Doctors, Drugs, Health Insurance, HMO's/PPO's, Hospitals, Medical Devices, Nursing...
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Immunotherapy Cancer Treatment Taking Flight

BIOTECH: Kite’s state-of-art facility puts research on fast track.

Kite Pharma’s nondescript El Segundo manufacturing facility is at the forefront of cancer-fighting efforts.

Eyes of Kids Worth Look For Nonprofit

Austin Beutner frames children’s health as Vision to Learn’s goal.

Austin Beutner sees Vision to Learn’s eye exams as a way to focus on children’s health.

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Game Gives Firm Leg Up On Wellness

Citadel incorporates Pokémon Go craze into walking club program.

Citadel Environmental Services steps up its walking club program with the addition of Pokémon Go.

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Equity Firm Pulls Off Sweet $725 Million Deal for Maker of Twinkies

Is Gores Group developing a sweet tooth?

A Look Ahead: What’s on the agenda for Los Angeles business in the coming week

FOOD: Conference to field rooting interest in growing sales of natural products.

As natural food sales soar past $100 billion, stakeholders and investors in the booming industry are preparing to gather for the inaugural Food 2.0 conference June 7-9 at downtown L.A.’s Millennium Biltmore Hotel.

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Soon-Shiong’s NantHealth Files IPO

Billionaire Patrick Soon-Shiong’s health care IT firm NantHealth has announced that it filed for a $92 million initial public offering late Friday.

Deal Finalized for Daughters of Charity

The Daughters of Charity Health System has finally closed the deal with New York private investment firm BlueMountain Capital Management to transfer control of six struggling Daughters of Charity hospitals, including two in Los Angeles County, and create Verity Health System.

Five Charged in Medical Fraud Scheme

Five people, including a former Long Beach hospital executive, have been charged by the Justice Department in related, long-running alleged kickback schemes involving almost $600 million in fraudulent billings by L.A. County hospitals.

Health Net Shareholders Approve Merger

Shareholders of Woodland Hills health insurance provider Health Net Inc. and St. Louis-based Centene Corp. have approved the two companies’ planned merger, which is scheduled to close early next year.

Kite Finds Partner for Cancer Treatment Research

Santa Monica biopharmaceutical firm Kite Pharma Inc. has inked an exclusive licensing and research deal with Alpine Immune Sciences Inc. to discover and develop T-cell therapies to treat cancer using aspects of Alpine’s protein technology.

Medbox Reaches Settlement Over Restated Financials

Cannabis industry consulting firm Medbox Inc. announced Thursday that it has reached a settlement regarding lawsuits against the company and several of its insiders related to problems with the West Hollywood firm’s financial reporting over the past few years.

Cedars-Sinai to Launch Health Care Accelerator

Cedars-Sinai Medical Center will launch an accelerator program in conjunction with Techstars that’s focused on bringing innovative health care entrepreneurs to Los Angeles.

Kite Pharma Signs New License with NIH

Santa Monica cancer drug developer Kite Pharma Inc. announced it had entered into another exclusive worldwide license with the National Institutes of Health for immuno-oncology drug candidates. This latest license covers treatments targeting tumors associated with lung, gastric, pancreatic and breast cancer, among others.

NantWorks Acquires Precision Biologics

Billionaire Patrick Soon-Shiong’s health care technology holding company NantWorks has paid $50 million for a majority stake in clinical-stage biopharmaceutical firm Precision Biologics Inc. of Dallas.

Paramount Fitness of Commerce Acquired By True Fitness

Paramount Fitness of Commerce has been acquired by exercise equipment maker True Fitness of O’Fallon, Mo. True Fitness, which makes treadmills, elliptical machines and exercise bikes, announced the deal Monday. The price was not disclosed.