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Dana Bartholomew

Stories by Dana

Culver City-based MedMen Enterprises Lands $250 Million

Culver City-based MedMen Enterprises Inc. announced March 22 a $250 million investment from marijuana industry investor Gotham Green Partners.

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CARE CRUNCH

Health Worker Shortage Crimps LA Providers

L.A.’s health care worker shortage puts squeeze on treatment centers.

Downtown-Based Flexogenix Files for Chapter 11 Bankruptcy

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.

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City of Hope Awarded $7.5 Million to Develop Therapies for Rare Blood Cancer

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.

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Thousands of UCLA Workers Join Statewide Strike Over Wages, Benefits and Income Gap

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 Teams Up With Mayo Clinic to Produce Medical Videos

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.

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ScaleLA Adds to Bioscience Incubator Scene

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.

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Brentwood-Based Catasys Reports Doubling 2018 Revenue to $15M

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.

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Culver City-Based NantCell Raises Second $30M Round

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.

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Children’s Hospital Los Angeles Researcher Receives $1.6M to Study Eye Cancer

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.

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Long Beach Approves Tentative Deal to Reopen Community Hospital for $90M

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.

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Molina to Lay Off Nearly 90 More Workers in Latest Termination Wave

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.

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Trethera Corp. Raises $8M During Biotech Investor Round

Trethera Corp., a biotechnology firm based in Brentwood, raised up to $8 million from investors, according to a securities filing posted March 11.

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HEART OF STONE

BUSINESS LEADERS OF THE YEAR

City of Hope Chief Executive Robert Stone’s patient-first mindset leads to growth

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Opiant Finds OD Antidotes

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.

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Providence Saint John’s Receives $5M Gift From Longtime Supporters

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.

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Puma Bio Shares Soar After Tripling Q4 Earnings From Cancer Drug Sales

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.

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UCLA OPENS HEART PRACTICE IN DTLA

UCLA Health System opened a new cardiovascular practice downtown

Kaiser Offers Medical Students Free Tuition

New med school to cover program costs for first five classes

Kaiser to offer first students free tuition at its medical school.

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Biotech Company Launched by Caltech Professor Raises $25M

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.

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West Hollywood-Based Aiva Partners With Cedars-Sinai on Smart Hospital Rooms

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.

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UCLA Opens Heart Practice Downtown in Advance of Planned Full Health Clinic

UCLA Health opened a new cardiovascular practice downtown on Feb. 25 to offer a full range of heart-health services within the city center.

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City of Hope Receives $12.5 Million Federal Grant to Fight Lymphoma

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.

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MassRoots Acquires COWA Science for $6 Million in Stock

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.

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Crescent Capital Group Finances Purchase of European Pharmacies

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.

Clearlake’s Symplr Acquires API Healthcare

Symplr, a health-tech company owned by Santa Monica-based Clearlake Capital Group, announced Feb. 20 it acquired API Healthcare for undisclosed terms.

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Cedars-Sinai Ranks No. 1 in Adult Heart Transplants

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.

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Transplant Nonprofit OneLegacy Sees Growth

HEALTH CARE: Firm’s organ donations, revenue set record

Organ donation facilitator OneLegacy has record 2018.

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Emmaus Plans Reverse Merger, Nasdaq Listing

Biotech firm’s deal will be less dilutive for shareholders; to close in second quarter

Emmaus to go public with reverse merger.

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KECK ACQUIRES CARDIOLOGY GROUP

Keck School of Medicine of USC announced Feb. 12 it will acquire Los Angeles Cardiology Associates

Long Beach-Based Molina Healthcare to Lay Off Nearly 170 Workers

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.

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UCLA Sells Epigenetics Tech to Boost Crops for Farmers

UCLA has licensed epigenetics technology to a Massachusetts-based plant breeding firm to improve the performance of commercial crops.

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USC Names Caryn Lerman to Direct its Norris Comprehensive Cancer Center

The USC Norris Comprehensive Cancer Center has named Caryn Lerman, a nationally renowned cancer prevention researcher, as its new director.

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Keck Medicine of USC to Acquire Los Angeles Cardiology Associates

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.

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Didi Hirsch Mental Health Opens $19M Suicide Prevention Center in Century City

Didi Hirsch Mental Health Services, a social service agency based in Culver City, on Feb. 8 unveiled a $19 million Suicide Prevention Center.

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Gardena-Based 3DEO Raises $14M to Advance Metal 3D Printing

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.

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Split Verdict in Puma Biotech Case

HEALTH CARE: Federal jury awards investors damages in rare securities class-action trial

Both sides claim victory in lawsuit against Puma Biotechnology.

Xencor Cuts $280M Deal with Genentech

Xencor Inc. signed a research and licensing agreement with Genentech Inc. valued at up to $280 million

Federal Jury Awards Puma Biotechnology Investors Damages in Securities Class-Action Verdict

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.

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UCLA Researcher Dennis Slamon to Share in $1M Prize for Cancer Research

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.

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City of Hope to Open First Cancer Center in OC for $14M

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.

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Xencor Cuts $280M Development Deal With Genentech

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.

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UCLA Receives $15.2M From Late Producer Garry Shandling for Medical Research

The UCLA David Geffen School of Medicine has received a $15.2 million bequest from the estate of entertainer Garry Shandling.

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John Wayne Cancer Institute Taps Physician Researcher as Top Executive

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.

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$84M for Silver Lake Medical

HEALTH CARE: Troubled hospital part of BK divestment

Silver Lake Medical Center to be sold for $84 million.

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Sawtelle-Based Vance Street Capital Scoops Up Applied Plastics

Vance Street Capital, a Sawtelle-based private equity firm, announced Jan. 31 it acquired Applied Plastics for undisclosed terms.

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Cedars-Sinai to Deliver Primary Care Services to Santa Monica

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.

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Bush, Jacobs Join Heal Board

Get Heal Inc., a Century City-based company that makes physician house calls at the touch of a mobile app

Verity Health Gets $610 Million Offer

Bid includes St. Vincent, St. Francis hospitals

Verity to sell St. Vincent, St. Francis hospitals.

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Helping Hand

Federal grants to small SoCal biotech businesses rise in 2018

SoCal bioscience cos. see boost in federal funds.

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