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Dana Bartholomew

Stories by Dana

New Jersey Biotech Firm to Shut Down Boyle Heights Genetics Lab

Cancer Genetics Inc., a DNA-based cancer diagnostic company based in New Jersey, has announced the pending closure of its Los Angeles laboratory in a move that could affect dozens of workers.

Cutting Edge Healthcare Acquires Respiratory Therapeutics Group

Cutting Edge HC Inc., a newly formed management company based in the Miracle Mile, has acquired Respiratory Therapeutics Group for an unknown sum.

Cannabis Firm MedMen Nears Public Offering; Valuation North of $1.6 Billion

MedMen Enterprises, a Culver City-based cannabis investment and management firm, is on the verge of a public offering on the Canadian Stock Exchange, with a value north of $1.6 billion, according to a source familiar with the transaction.

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Hanmi Financial to Acquire Texas-Based SWNB Bancorp Inc. for $76.7M

Hanmi Financial Corp., a Koreatown-based holding company for Hanmi Bank, has agreed this week to acquire SWNB Bankcorp Inc. for a deal valued at $76.7 million.

Downtown Incubator Aims for U.S.-China Bridge

Jiangsu-based effort draws support of SoCalBio, Mann Institute at USC

Investors in China and industry advocates in Los Angeles joined forces this month to launch an incubator intended to help local biomedical companies sell their products in what has become the world’s second-largest healthcare market.

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THOMAS PRISELAC

President and Chief Executive, Cedars-Sinai Medical Center

Thomas Priselac, a national force on the national health care scene, has served as Cedars-Sinai chief executive for 24 years, and as an employee of the Beverly Grove-based health system – the largest nonprofit hospital in the western U.S. – for 39 years.

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Cedars-Sinai Names New Head of Samuel Oschin Cancer Institute

Cancer scientist Dr. Dan Theodorescu has been named to lead the Samuel Oschin Comprehensive Cancer Institute at Cedars-Sinai Medical Center, the hospital announced May 24.

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MAX BioPharma Awarded $1.7 Million to Fight Osteoporosis

A state stem cell agency has awarded nearly $1.7 million to MAX BioPharma Inc. of Santa Monica to develop a treatment for osteoporosis.

Get Heal Inc. Raises $20 Million for Doctor House Calls

Get Heal Inc., a Century City-based company that makes physician house calls at the touch of a mobile app, announced a $20 million funding round from investors, executives said May 22.

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Marlin Equity Partners Creates Digital Health Giant

Marlin Equity Partners has acquired Virgin Pulse Inc. and RedBrick Health Corp. to form a merger it says will create the world’s largest digital health company, the company announced May 22.

Riordan Foundation Gives $2M to Support Nursing at Mount Saint Mary’s

A foundation created by former Los Angeles Mayor Richard Riordan has awarded $2 million to Mount Saint Mary’s University for the future of nursing education, the school announced May 21.

USC Awarded Nearly $44 Million to Track Cancer in Los Angeles County

A nearly half-century old cancer registry managed by USC has received nearly $44 million to track the disease in Los Angeles County for the next 10 years, the university announced May 21

Cedars-Sinai Awarded $2.6M to Study Depression in Heart Failure Patients

Cedars-Sinai Medical Center has been awarded $2.6 million to study depression in patients with advanced heart failure.

New Beachhead for Biotech

HEALTH CARE: Veteran sets up in City of Industry

A biotech firm in City of Industry has secured nearly $12 million to market a newly approved drug to treat hypertension in a therapy paired with a digital monitoring platform to help ensure patient compliance.

Kite Adds Production in Europe

HEALTH CARE: Santa Monica-based biopharma to manufacture in Netherlands

The Santa Monica-based Kite pharmaceutical operation has leased a building in the Netherlands to produce its gene-based cancer therapies in Europe, the company announced last week.

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Duarte Startup Raises $9 Million

HEALTH CARE: Moves HQ from City of Industry

Prolacta Bioscience Inc., a biomedical company that develops human milk-based premature-infant formula, has raised nearly $9 million during a funding round.

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City of Hope Taps Annette Walker to Develop $200M Cancer Center in OC

City of Hope has hired veteran health care executive Annette Walker to develop a $200 million cancer center in Irvine and expand health care operations throughout Orange County, the hospital announced May 17.

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Nurses at City of Hope Ratify Three-Year Contract

Registered nurses at City of Hope National Medical Center in Duarte have ratified a three-year contract that grants across-the-board wage increases of 16.5 percent.

USC Digital Health Center to Host ‘Hackathon’ to Help Those With Developmental Disabilities

Platoons of computer innovators will soon gather at a USC digital health center for an all-night "hackathon' to invent home-based “voice assistants” for seniors, veterans and those with developmental disabilities.

Southern California Business Groups Join Forces to Form Innovation Network

The Los Angeles Venture Association has joined business advocacy groups in Orange County and San Diego to form a network to help draw more capital for startup companies throughout the region.

UCLA Bioengineers Develop 3D Printer to Create Complex Biological Tissues

Bioengineers at UCLA have developed a 3D printer to make complex biological tissues that could be used in medical transplants and surgeries.

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Kite, a Gilead Co., of Santa Monica, Expands in Europe

Kite, a Gilead Company, a biopharmaceutical company based in Santa Monica, has leased a building in the Netherlands to produce its gene-based cancer therapies in Europe, the company announced May 15.

Prolacta Bioscience Raises $9 Million

Prolacta Bioscience Inc., a biomedical company that develops human milk-based premature-infant formula, has raised nearly $9 million during a funding round.

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UCLA Receives $13.6 Million to Study Dementia Care

The UCLA Division of Geriatrics has received $13.6 million to study the best way to serve a growing number of Americans suffering from dementia.

Aadi Bioscience Raises $23 Million

Aadi Bioscience Inc., a clinical-stage biotechnology company based in Pacific Palisades, has announced the finish of a $23 million series A funding round.

Wavemaker Three-Sixty Health Launches $25M Fund for Value-Based Health

Wavemaker Three-Sixty Health LP, a venture capital firm based in Pasadena, has launched a fund centered on value-based health practices.

Anne Wellington to Lead Cedars-Sinai Accelerator for Health Care Startups

Cedars-Sinai Medical Center has hired health care business veteran Anne Wellington to lead its business accelerator program, the hospital announced May 11.

Shire Could Take Hit in L.A. on Takeda Sale

Facility in Atwater Village employs 1,500

Takeda Pharmaceutical Co. has agreed to buy Dublin-based Shire PLC for $62 billion in a deal announced May 8 that could affect hundreds of Shire employees in Los Angeles.

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L.A. Plastic Surgeons Get Top Marks

Northwestern Med School checks online reviews to make determination

Study by Northwestern University gives top marks to L.A.’s plastic surgeons.

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Health Care Special Report: $1 Billion for Bioscience

Industry’s Growth in L.A. County Reflected in NIH Funding

Bioscientists across Los Angeles County received $1 billion in federal research funding last year, a $100-plus million increase over 2016, according to a statewide report.

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Ups, Downs for Hospitals

Trend of clinics, affiliations continues

Hospitals across Los Angeles County saw an average 2 percent drop in net patient revenue last year.

Health Care Special Report: BioSig’s Device Aims for Arrhythmia Market

BioSig Technologies Inc. could be poised to break into the nearly $5 billion global electrophysiology market after nearly a decade of research and development.

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USC Receives $10M Gift for BioMedical Research of Blindness

A $10 million gift to USC by a retired ophthalmologist and his wife will boost funding for advanced research into debilitating neurosensory diseases such as blindness, the university announced May 9.

USC Receives $20M Gift to Create Center for Healthy Aging

A $20 million gift to USC will create a research center on healthy aging and longevity as the world’s population ages, the university announced May 8.

Takeda Picks Up Shire for $62 Billion

Deal could impact Los Angeles jobs

Takeda Pharmaceutical Co. has agreed to buy Dublin-based Shire PLC for $62 billion in a deal announced May 8 that could affect hundreds of Shire employees in Los Angeles.

EP Wealth Advisors Names Goshtigian Chief Executive

EP Wealth Advisors, a money management firm based in Torrance, has named Patrick G. Goshtigian as its first chief executive officer, the company announced May 7.

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USC Receives $4 Million in Federal Funds to Study Arthritis

The Keck School of Medicine of USC has received more than $4 million to research arthritis.

Embodied Inc. Raises $12 Million

TECHNOLOGY: Pasadena firm builds robots as health aides

Embodied Inc., a Pasadena-based socially assistive robotics and artificial intelligence company that develops companion care and wellness robots, has raised more than $12 million from investors, according to a securities filing.

Staar Surgical Shares Soar After Record 33-Percent Q1 Jump in Sales

Staar Surgical Co., which manufactures implantable lenses for the eye, announced a record 33-percent jump in sales for the first quarter on growth occurring in China, Korea and Japan, according to a securities filing.

Digital Health Care Co. Casetabs Raises $6 Million

Casetabs Inc., a digital health care company that coordinates surgical care, has received $6 million in investor financing.

Kite Sells $40M in Cellular Blood Cancer Treatments

Kite, a Santa Monica-based subsidiary of Gilead Sciences Inc., sold $40 million of its personalized blood cancer therapy in the first quarter, which beat an $18 million consensus forecast for Yescarta.

Alzheimer’s Eye Test Firm Raises $11M

Tech was developed at Cedars-Sinai

A Sacramento company whose eye-scanning test to pinpoint Alzheimer’s was developed at Cedars-Sinai has raised $11.2 million in financing.

Caltius Equity Partners Invests in Health Payment Systems

Caltius Equity Partners has made a “significant investment” in Health Payment Systems Inc., a health care billing and payments company based in Wisconsin, company executives announced May 2.

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Embodied Inc. Raises $12 Million

Embodied Inc., a Pasadena-based socially assistive robotics and artificial intelligence company that develops companion care and wellness robots, has raised more than $12 million from investors, according to a securities filing.

USC to Join $1.5 Billion NIH Study on Precision Medicine

USC has joined a $1.5 billion study led by the National Institutes of Health to track the health of a million Americans to advance precision medicine, university officials announced May 1.

Molina Health Sees 39 Percent Boost in Q1 Revenue

Insurance giant Molina Health Care Inc. reported a 39 percent boost in revenue to $107 million in its first quarter after suffering hundreds of millions in losses during 2017.

Hastings Foundation Gives $12.5M to USC to Study Lung Disease

The Hastings Foundation of Pasadena has donated $12.5 million to the Keck School of Medicine of USC for lung disease research.

SeqOnce BioSciences Raises $1M

SeqOnce BioSciences Inc., a biotech startup based in Pasadena, has raised $1 million in its latest financing round, according to securities filings.

Locals Part of Broad Range on Neuroscience R&D

Nine bioscience firms in various stages on 15 different treatments

Cures for conditions that afflict aging Americans are the focus of area bioscience companies.

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California Physicians Oppose Proposed Ballot Measure to Cap Dialysis Cost

A state physician’s group has come out against a proposed ballot measure that would limit the cost of kidney dialysis, saying it would put patients’ lives at risk.

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