LA HEALTHCARE

L.A. Oncologists Develop Safe Method to Diagnose Children’s Eye Cancer

Two leading Los Angeles medical institutes have developed a liquid biopsy for a cancer of the retina that can blind or kill children younger than 5 years old, researchers announced Monday.

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CytRx Licenses Cancer Drug to NantCell; Asks Shareholders for Reverse Stock Split

Brentwood-based CytRx Corp. will team up with Patrick Soon-Shiong’s NantCell Inc. of Culver City to test a late-stage cancer drug, CytRx announced Thursday. The company also asked investors Tuesday to approve a one-for-six reverse stock split to continue the company’s listing on the Nasdaq exchange, according to Securities and Exchange Commission filings.

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Molina Healthcare Appoints New Chief Executive

Molina Healthcare Inc. named Joseph M. Zubretsky chief executive Tuesday after a summer that included a layoff announcement and c-suite shakeup.

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Children’s Hospital L.A. Awarded $9M to Study ‘Bubble Boy’ Syndrome

Children’s Hospital Los Angeles has received a nearly $9 million federal grant to research a new treatment for infants born with severe combined immunodeficiency, commonly known as “bubble boy” syndrome.

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Sean Parker's Institute Backs Cancer Firm ImaginAb's $8M Funding Round

ImaginAb Inc., an Inglewood immune-oncology imaging company, has teamed up with a San Francisco cancer institute to launch human clinical trials after receiving $8 million in new funding.

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City of Hope Wins $13 Million Grant to Fight Aggressive Brain Cancer

Researchers at City of Hope National Medical Center have won a $13 million grant to fund a clinical trial employing CAR-T cell immunotherapy to kill brain cancer.

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Ritter Pharma Raises $23 million to Test Lactose Intolerance Treatment

Ritter Pharmaceuticals Inc., a Century City biotech company that develops therapies for gastrointestinal diseases, raised $23 million to fund a Phase 3 clinical trial for its lactose intolerance treatment.

Los Angeles Pet Device Firm Draws $3.7 Million Investment

Petnet Inc., a privately held Los Angeles company that sells automatic pet feeders for cats and dogs, has received a $3.75 million cash infusion, according to an SEC filing.

L.A. Biotech’s Summer Sizzle

HEALTH CARE: Approvals, big deal boost sector’s local profile.

L.A.’s biotech sector shows signs of life with drug approvals and an $11.9 billion deal for Kite.

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Ahmanson/UCLA Adult Congenital Heart Disease Center Earns Accreditation

A congenital heart disease center run by UCLA has just become the first nationally accredited center of its kind in Los Angeles, and the 11th in the U.S.

Two Million Could Lose Insurance Under Graham-Cassidy Health Care Bill; Hospitals Face Revenue Hit

The Graham-Cassidy health care bill to repeal the Affordable Care Act could strip an estimated 2 million residents in Los Angeles County of their health insurance, according to a UC Berkeley study.

Cedars-Sinai Welcomes New Class of Startups to Incubator Program

Cedars-Sinai Medical Center has welcomed 10 new startups to third iteration of its business incubator, the health care outfit announced Tuesday.

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Braille Institute Receives Largest Donation in Organization’s History

A $5 million gift from a foundation associated with Forest Lawn Memorial-Parks & Mortuaries will help the Braille Institute of America offer free low-vision assistance across Southern California.

SoCal Universities Win $8 Million Grant to Develop Bionic Suit for Paralyzed Patients

People with paraplegia may someday be able to hit their stride in a so-called bionic suit thanks to an $8 million federal research grant to three Southern California universities, officials announced Wednesday.

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Kaiser Appoints Harvard Pediatrics Professor to Lead Company’s New Pasadena Medical School

A new Kaiser Permanente School of Medicine in Pasadena has named an international leader in child, adolescent and family health to be its first chief executive and founding dean, Kaiser officials announced Tuesday.

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