Stories by Dana
Downtown L.A. commercial real estate giant CBRE Group Inc. announced Nov. 12 it had sold a 159-room Courtyard by Marriott Long Beach Airport hotel for an undisclosed sum.
A Shire plasma plant in Atwater Village moved one step closer to being owned by Takeda Pharmaceutical Co. with the European Union reportedly poised to approve a $62-billion Shire deal that could impact hundreds of Los Angeles jobs.
Ritter Pharmaceuticals Inc., a Century City biotechnology company that develops therapies for gastrointestinal diseases, raised $6 million in a private placement from investors, according to a securities filing posted Nov. 9.
Wells Fargo & Co. has donated $1 million to Martin Luther King Jr. Community Hospital to help alleviate a doctor shortage in South Los Angeles, the hospital announced Nov. 9.
CrossLinkBio adds Chen, gets $350k to help build trans-Pacific tech pipeline
CrossLinkBio names CEO.
Fastest-Growing Private Companies 2018
Growth for L.A. medical staffers
Downtown L.A. commercial real estate giant CBRE Group Inc. announced Nov. 8 it sold a medical office building in Whittier for $5.5 million to an undisclosed private buyer.
A battery company owned by Los Angeles billionaire Patrick Soon-Shiong has acquired an energy systems and service business owned by Sharp Electronics Corp.
UCLA scientists were awarded a $3.5 million federal grant to develop a blood test to detect early liver cancer, the university announced Nov. 7.
Emmaus Life Sciences Inc., a biotechnology company based in Torrance, has raised $12 million in debt securities, according to securities filing.
Hypothermia Devices Inc., a Brentwood-based medical device company that develops patient cooling-and-heating machines for emergency vehicles and hospitals, has raised nearly $11 million in investor funding, according to a Nov. 6 securities filing.
American Healthcare Capital, an M&A advisory firm based in Marina del Rey, has facilitated the sale of Bring Care Home to Amedisys Inc. for unknown terms.
L.A. a leader in digital health funding as region gains foothold
The greater Los Angeles area now ranks among the top five digital health markets in the nation based on investor funding over the past few years
Three UCLA neuroscientists were awarded a nearly $3.7 million grant from the National Institutes of Health to develop imaging technology to study how the brain functions in disease and in health.
PatientPop Inc., a physician marketing platform based in Santa Monica, has raised $25 million during a Series B funding round, the company announced Oct. 31.
U.S. News & World Report named 11 nursing homes in Los Angeles County among its list of best nursing homes for 2018-19.
UCLA has received a $25 million gift from a Beverly Hills-based foundation to launch an initiative to research treatments and care for Parkinson’s disease, the university announced Oct. 30.
L.A. Care Health Plan, the largest publicly operated health plan in the nation, has signed an agreement with UCLA Health to allow its 2.2 million members to received advanced and specialized care.
CHA Hollywood Presbyterian Medical Center has joined forces with former USC medical school dean Rohit Varma to found a comprehensive eye care research institute, the hospital announced Oct. 26.
UCLA prof thinks media representation contributing to global stigmas
UCLA professor suspects Hollywood impact on projected nurse shortages.
HEALTH CARE: Round for developer of radioisotopes includes 11 investors
Alpha Source gets $41 million in seed money to develop radioisotope tech.
Black and Latino workers at UCLA and nine other University of California campuses are more likely to be fired, or get smaller raises than white workers when promoted, according to a union study released Oct. 25.
USC has been awarded a $16 million federal grant with two Florida universities to study cancer health disparities among racial and ethnic groups.
Scarless Laboratories Inc., an early stage biotechnology company based at UCLA, has received federal clearance to conduct two clinical studies of its patented compound to heal scar tissue.
MedMen Enterprises Inc., a Culver City-based cannabis investment and management firm, on Oct. 25 announced a $67 million loss in 2018 despite reporting a 1,400-percent growth in revenue.
Alpha Source Inc., an early stage biomedical company based in Westwood, has raised $41 million from investors, according to an Oct. 24 securities filing.
Producer Ryan Murphy and husband David Miller have given $10 million to Children’s Hospital Los Angeles, which treated their son Ford for pediatric cancer.
An adult cystic fibrosis clinic at Keck Hospital of USC has received a $1 million gift from the Anton Yelchin Foundation.
UCLA Health has received a $20.1 million grant to expand a mental health program for veterans with post-traumatic stress and mild traumatic brain injuries.
Cell Care Therapeutics Inc., a biotechnology company based in Monrovia, announced Oct. 23 it had closed on a $4.3 million seed round from investors.
Cedars-Sinai has received nearly $8 million in federal grants to develop a stem-cell treatment to repair tissue damaged in battle, car crashes and other traumas, the hospital announced Oct. 22.
Children’s Hospital Los Angeles raised $5.5 million from a recent gala that featured talk show host Jimmy Kimmel and former L.A. Dodgers announcer Vin Scully, the hospital announced Oct. 22.
Long Beach-based Molina Healthcare Inc announced Oct. 22 it had sold its Pathways Health and Community Support unit to Century City-based Atar Capital for an undisclosed sum.
HEALTH CARE: USC center takes broad view of tech
USC’s Center for Body Computing takes broad view of digital health.
Economy: Revenues among top earners up 7.5 percent
The largest private companies based in Los Angeles show growth.
The state stem cell agency on Oct. 18 awarded $11 million to Los Angeles research hospitals and universities to study regenerative treatments for disease.
UCLA will lead a study conducted by four Los Angeles health care systems on how to improve patient-centered care thanks to a $3.7 million federal grant.
Dr. Linda Liau, an internationally renowned neurosurgeon-scientist at UCLA, has been elected to the National Academy of Medicine.
The Flex Co., a Venice-based medical device firm specializing in women’s health, announced Oct. 16 it had raised $3.6 million from investors while acquiring Keela, the designer of a menstrual cup.
Dr. Michael A. Caligiuri, president of City of Hope National Medical Center, has been elected to the National Academy of Medicine.
The Los Angeles-based National Health Foundation on Oct. 12 opened a 62-bed recuperative-care facility in Pico-Union for homeless residents discharged from nearby hospitals.
Diverse specialties work together in molecular-driven medicine
USC’s Ellison Institute staffs up.
Shares in South San Francisco-based Allogene Therapeutics Inc. rose nearly 40 percent to $25 at the close of its first day of trading on Oct. 11 after a $324 million initial public offering.
Cedars-Sinai Medical Center has graduated eight digital health startups from its business accelerator program with products designed to improve health care.
UCLA has been awarded a $5 million federal grant to develop tools to improve early detection of lung cancer.
An investment fund run by Boston-based Bain Capital has acquired LivHome Inc., a Miracle Mile–based in-home care company for seniors, and will combine the company with another newly acquired in-home services firm based in North Carolina.
Santa Monica-based Kite, a Gilead Co., was given a go-ahead by the United Kingdom to treat some adults with lymphoma with its cell-based cancer therapy that was initially rejected as too costly.
HEALTH CARE: Belldegrun outfit gets $420M, plans IPO
Cadre of L.A. scientists behind Kite Pharma head north with new project.
Pasadena-based Arrowhead Pharmaceuticals Inc. has entered a licensing agreement with Johnson & Johnson to develop a drug to treat the hepatitis B virus in a deal that could be worth up to $3.7 billion, the company announced Oct. 4.
Kaiser Permanente has reached a tentative labor agreement with an alliance of union health care workers in eight states and Washington D.C. that includes more than 30,000 workers in Southern California.