HEALTH CARE

Capricor Therapeutics Inc. Earned $2.4M Last Year to Reverse Large Loss

Capricor Therapeutics Inc. of Beverly Hills earned $2.4 million last year while demonstrating promise for a cell-based therapy for Duchenne muscular dystrophy, according to a company report.

Radiology Partners Raises $234 Million to Fuel Growth

Radiology Partners Inc. of El Segundo has raised $234 million in an equity funding round to support accelerated growth.

Tease photo

Berkshire Hathaway’s Munger Gives $21M to Good Samaritan Hospital

Good Samaritan Hospital has received a $21 million gift from Berkshire Hathaway Vice Chairman Charles T. Munger to beef up its emergency department and make the 133-year-old hospital earthquake safe.

Tease photo

Disney Announces $100 Million Children’s Hospitals Initiative

Burbank-based Walt Disney Co. announced March 7 that it would spend $100 million over the next five years outfitting children’s hospitals around the world with Disney characters and fulfilling sick children’s wishes as part of a new philanthropic initiative.

Science 37, Novartis to Conduct Virtual Clinical Trials

Science 37 Inc., a mobile tech and clinical trial firm based in Playa Vista, has struck a deal with Swiss pharma giant Novartis AG to conduct clinical trials with its iPhone app.

Tease photo

Woman Sentenced to Federal Prison for Botched Cosmetic Procedure

A Monterey Park woman was sentenced to two years in federal prison for injecting “lamb’s fat” into a woman to enhance her buttocks, causing major injury, which and required reconstructive surgery, the U.S. Attorney’s Office reported March 6.

Closing Date Set for Community Medical Center Long Beach

Community Medical Center Long Beach will officially close on July 3 following the discovery of an active earthquake fault running directly beneath the 94-year-old hospital, officials announced.

Tease photo

City of Hope Lands Nearly $6M Grant for Stem Cell Study for Sickle Cell Disease

A state agency that manages voter-approved stem cell research grants has awarded nearly $6 million to City of Hope for a clinical trial to treat severe sickle cell disease.

Puma Biotech Loses $300M, Drug Sales Exceed Expectations

Puma Biotechnology Inc., which launched its signature breast cancer drug last summer in the U.S. before running into resistance in Europe, on March 1 reported a nearly $300 million loss for 2017.

Monrovia-Based Xencor Inc. Reports $49 Million Loss in 2017

Xencor Inc., a biotechnology company that produces monoclonal antibodies to combat cancer and other life-threatening diseases, reported a $12 million loss in the fourth quarter and an overall loss of $49 million last year.

Herbalife Reports $63M Q4 Loss, Increase in Global Sales

Shares of Herbalife Ltd. ratcheted up nearly 3 percent on Feb. 23, a day after the Los Angeles-based global health nutrition company posted a fourth quarter loss of more than $63 million

Tease photo

Kite Will Pay up to $3 Billion for Experimental Cancer Therapy

Kite, a biotech firm based in Santa Monica, has paid $150 million to Richmond-based Sangamo Therapeutics Inc. to develop a gene-editing therapy to treat cancer, the companies announced Feb. 22. The deal could be worth up to $3 billion.

City Attorney Sentences Woman for Practicing Dentistry Without License

A Pico-Union woman has pleaded no contest to practicing dentistry without a license from her living room, which resulted in a serious injury from a botched root canal, the City Attorney announced Feb. 20.

Defunct Chinatown Hospital Could be Replaced by 24-Hour Urgent Care

The shuttered Pacific Alliance Medical Center in Chinatown could be replaced by a 24-hour urgent care center, according to a recent bid to buy the site.

Tease photo

Adventist Health to Shift Nearly 1,200 IT and Other Workers to Cerner Corp.

A state report lists nearly 1,200 pending layoffs at Adventist Health hospitals across the state, including hundreds at Adventist Health Glendale and White Memorial Medical Center in Boyle Heights. Only none of the workers will actually lose their jobs, according to the Roseville-based health system.