Stories by Dana
Culver City-based MedMen Enterprises Inc. announced March 22 a $250 million investment from marijuana industry investor Gotham Green Partners.
Health Worker Shortage Crimps LA Providers
L.A.’s health care worker shortage puts squeeze on treatment centers.
Flexogenix Group Inc., a Los Angeles-based company that operates joint care clinics in a half dozen U.S. cities, has filed for Chapter 11 bankruptcy.
City of Hope National Medical Center received $7.5 million in federal and private grants to study a rare blood cancer that affects the skin.
Democratic presidential candidate Bernie Sanders was expected to appear at UCLA on Thursday in sympathy for a statewide strike by thousands of research, technical and health care workers.
Pragma Inc., a health tech company based in Koreatown that offers a library of on-demand medical lectures and surgical videos, on March 18 announced a partnership with the Mayo Clinic of Minnesota.
15,000-square-foot location offers no labs or equipment; 30 firms signed up so far
A new work space operated by ScaleLA Inc. — known as the 10th Floor — opened earlier this year as a 15,000-square-foot incubator for digital health and medical device startups.
Catasys Inc., a Brentwood-based health tech company, reported March 14 it more than doubled its earnings last year to a record $15 million, with earnings expected to double again this year.
NantCell Inc., a Culver City-based biotech firm founded by Los Angeles billionaire Patrick Soon-Shiong, has raised $30 million in investor funding after a similar injection late last year, according to a March 14 securities filing.
A scientist at Children’s Hospital Los Angeles has received a $1.6 million federal grant to study the cause of a rare eye cancer known as retinoblastoma, the hospital announced March 14.
The City of Long Beach has agreed to a deal for at least $90 million to reopen Community Hospital Long Beach after its former operator pulled out because of the cost of pending seismic safety repairs.
Molina Healthcare Inc., a Long Beach-based managed-care services provider, will lay off nearly 90 more workers during a wave of layoffs that dovetails with the offshore outsourcing of its IT services, according to a state employment report.
Trethera Corp., a biotechnology firm based in Brentwood, raised up to $8 million from investors, according to a securities filing posted March 11.
BUSINESS LEADERS OF THE YEAR
City of Hope Chief Executive Robert Stone’s patient-first mindset leads to growth
HEALTH CARE: SaMo firm fighting opioid epidemic
Roger Crystal saw a lot of emergency room patients die from heroin overdoses during his time working in a London hospital earlier in his career.
A Los Angeles couple who have been major supporters of Providence Saint John’s Health Center gave $5 million to its foundation to support health care and research.
Puma Biotechnology Inc., a biotech company based in West Los Angeles, announced March 1 it had tripled its year-over-year fourth quarter earnings to $61 million on sales of its signature breast cancer drug.
UCLA Health System opened a new cardiovascular practice downtown
New med school to cover program costs for first five classes
Kaiser to offer first students free tuition at its medical school.
Axial Biotherapeutics Inc., a biotechnology company with roots at the California Institute of Technology in Pasadena, has raised $25 million in a Series B round.
Aiva Inc., a digital health startup based in West Hollywood, struck a deal with Cedars-Sinai Medical Center to employ Aiva’s bedside voice assistant to allow patients to speak to Amazon’s Alexa to summon a nurse or change the TV channel.
UCLA Health opened a new cardiovascular practice downtown on Feb. 25 to offer a full range of heart-health services within the city center.
City of Hope National Medical Center was awarded a $12.5 million federal research grant to develop innovative ways to prevent and treat lymphoma, the hospital announced Feb. 21.
MassRoots Inc., a cannabis technology company based in Hollywood, has entered into an agreement to acquire COWA Science Corp. in a deal worth up to $6 million.
A unit of Crescent Capital Group, an alternative credit investment company based in West Los Angeles, has provided financing for the purchase of a European pharmacy chain purchased by Bencis Capital Partners.
Symplr, a health-tech company owned by Santa Monica-based Clearlake Capital Group, announced Feb. 20 it acquired API Healthcare for undisclosed terms.
The Smidt Heart Institute at Cedars-Sinai Medical Center led the nation in the number of adult heart transplants last year, which marked an eight-year winning streak at No. 1.
HEALTH CARE: Firm’s organ donations, revenue set record
Organ donation facilitator OneLegacy has record 2018.
Biotech firm’s deal will be less dilutive for shareholders; to close in second quarter
Emmaus to go public with reverse merger.
Keck School of Medicine of USC announced Feb. 12 it will acquire Los Angeles Cardiology Associates
Molina Healthcare Inc., a Long Beach-based managed-care services provider, will lay off nearly 170 workers this spring following a year-long financial turnaround, according to a state employment report released this week.
UCLA has licensed epigenetics technology to a Massachusetts-based plant breeding firm to improve the performance of commercial crops.
The USC Norris Comprehensive Cancer Center has named Caryn Lerman, a nationally renowned cancer prevention researcher, as its new director.
Keck Medicine of USC announced Feb. 12 it will acquire Los Angeles Cardiology Associates, a cardiovascular care group with eight locations across Greater Los Angeles, for an undisclosed sum.
Didi Hirsch Mental Health Services, a social service agency based in Culver City, on Feb. 8 unveiled a $19 million Suicide Prevention Center.
3DEO Inc., a metal 3D printing company based in Gardena that manufactures parts for medical and other industries, raised $14 million in funding from investors, according to a Feb. 8 securities filing.
HEALTH CARE: Federal jury awards investors damages in rare securities class-action trial
Both sides claim victory in lawsuit against Puma Biotechnology.
Xencor Inc. signed a research and licensing agreement with Genentech Inc. valued at up to $280 million
A securities class-action filed against Puma Biotechnology Inc. resulted in a split verdict by a federal jury announced this week that allowed investors to recover $4.50 per share in damages.
Dennis Slamon, a UCLA scientist whose research led to the development of the blockbuster breast cancer drug Herceptin, will share in a $1 million prize from Sweden for outstanding cancer research, the university announced Feb. 5.
City of Hope National Medical Center will plant a flag in Orange County with a $14 million cancer clinic to open later this year in Newport Beach.
Xencor Inc., a biotechnology company based in Monrovia, has signed an agreement with Genentech Inc. valued at up to $280 million to develop a drug to battle cancer and other diseases.
The UCLA David Geffen School of Medicine has received a $15.2 million bequest from the estate of entertainer Garry Shandling.
Dr. Steven O’Day, a renowned researcher in immune-oncology, has been named executive director of the John Wayne Cancer Institute at Providence Saint John’s Health Center in Santa Monica, the hospital announced Feb. 1.
HEALTH CARE: Troubled hospital part of BK divestment
Silver Lake Medical Center to be sold for $84 million.
Vance Street Capital, a Sawtelle-based private equity firm, announced Jan. 31 it acquired Applied Plastics for undisclosed terms.
Cedars-Sinai Medical Center has opened its first primary health care clinic in Santa Monica in an expanded medical practice that will include cancer and other specialties.
Get Heal Inc., a Century City-based company that makes physician house calls at the touch of a mobile app
Bid includes St. Vincent, St. Francis hospitals
Verity to sell St. Vincent, St. Francis hospitals.
Federal grants to small SoCal biotech businesses rise in 2018
SoCal bioscience cos. see boost in federal funds.