Los Angeles Business Journal

LA HEALTHCARE

Recent and archived news stories on: Biotechnology, Doctors, Drugs, Health Insurance, HMO's/PPO's, Hospitals, Medical Devices, Nursing...
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Biometric Devices Deliver Healthy Funding Round

HEALTH CARE: Scanners pull in $10.7 million for UCLA off-shoot company.

Bruin Biometrics, a UCLA spinoff developing biometric diagnostic sensing devices, completed a $10.7 million funding round late last month, the largest since the Westwood company’s founding in 2009.

Gores Group and Partner Acquire Medical Device Company

The Gores Group and Orange County partner Technology4Medicine have acquired Fotona, a company in Ljubljana, Slovenia that makes medical lasers.

Mann Foundation Launches Medical Device Start-Up

The Alfred Mann Foundation on Wednesday said that it will create a new medical device company called Medallion Therapeutics Inc. that will aim to provide targeted delivery solutions for pharmaceuticals and biologic therapies.

L.A. Council Passes E-Cig Restrictions

The Los Angeles City Council voted on Tuesday to ban smoking of electronic cigarettes at all public buildings and restaurants, as well as at parks, playgrounds, beaches, libraries and public schools in the city.

RadNet Reverses Loss in Fourth Quarter

Shares of RadNet Inc. jumped 18 percent on Monday after the medical imaging services company said it reported a profitable fourth quarter.

Providence Approved to Take Over Saint John’s Health Center

Providence Health & Services, Southern California on Thursday said it has received approvals from church and state officials to take over Santa Monica's Saint John’s Health Center and the John Wayne Cancer Institute from SCL Health System.

ImmunoCellular Drug Gets “Orphan’ Status in Europe

Shares of ImmunoCellular Therapeutics Ltd. jumped 14 percent on Tuesday after the Woodland Hills biotech said European drug regulators granted “orphan” status to its experimental brain cancer drug.

Calderon Brothers Indicted in Corruption Probe

Federal authorities today announced multiple indictments against state Sen. Ron Calderon and his brother, former Assemblyman Tom Calderon, related to the senator’s alleged acceptance of about $100,000 in bribes.

Earnings Roundup: On Assignment, Reliance Steel, LTC

Shares of On Assignment Inc. rose more than 7 percent on Thursday, after the staffing company reported strong fourth quarter results.

Better-Than-Expected Quarter for Herbalife

Herbalife Ltd. on Tuesday reported a 10 percent rise in fourth quarter profit and raised its guidance based on strong sales of its weight loss products.

MannKind Loss Smaller Than Expected

MannKind Corp. on Tuesday reported another quarterly loss, but shares held steady as investors look forward to possible FDA approval of the company’s inhalable insulin in April.

Arrowhead Plans Stock Offering

Arrowhead Research Corp. on Tuesday announced plans to sell an undisclosed number of common shares to raise money for clinical drug trials.

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Health Plan Nurses Expansion With Doctor Deal

INSURANCE: L.A. Care adds HealthCare physicians to Covered California plan.

L.A. Care Health Plan has added Los Angeles County’s largest operator of physician practices to its plan on the California health exchange.

Medbox Shares Jump on U.S. Banking Ruling

Shares of West Hollywood marijuana services provider Medbox Inc., jumped 27 percent on Friday after U.S. officials took steps that could lead to banks being able serve marijuana-selling businesses.

Earnings Roundup: J2 Global, Oaktree, VCA Antech

J2 Global Inc. shares jumped 19 percent in after-hours trading Thursday after the Hollywood company reported better-than-expected adjusted profit and gave optimistic future guidance. Oaktree Capital Group on Thursday said its fourth-quarter profit rose 65 percent. VCA Antech Inc. said that it moved to profit in its fourth quarter as revenue from its veterinary clinics and laboratories grew.