Stories by Dana
HEALTH CARE: Firm’s organ donations, revenue set record
Organ donation facilitator OneLegacy has record 2018.
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.
Bid includes St. Vincent, St. Francis hospitals
Verity to sell St. Vincent, St. Francis hospitals.
Long Beach health care firm’s revamp included $231M sale of IT unit
Molina Healthcare sold off IT unit for $231 million.
Get Heal Inc., a Century City-based company that makes physician house calls at the touch of a mobile app
Federal grants to small SoCal biotech businesses rise in 2018
SoCal bioscience cos. see boost in federal funds.
Keck School of Medicine of USC has appointed an associate dean to run a new Office for Social Justice to advocate for better health care in underserved communities.
Huntington Hospital has named Steven L. Mohr as its new senior vice president, chief financial officer, starting Feb. 11.
El Segundo-based Verity Health System of California Inc. has agreed to sell St. Vincent and St. Francis medical centers to Riverside-based KPC Group along with two Northern California hospitals for $610 million, unless there is a higher offer.
Biotech giant has history of investing in Soon-Shiong cancer treatment companies
Celegene revealed as NantCell’s $30M investor.
Get Heal Inc., a Century City-based company that makes physician house calls at the touch of a mobile app, has named one-time Qualcomm Chairman Paul Jacobs and former Florida Gov. Jeb Bush to its board.
UCLA researchers have developed the first technique for turning certain stem cells into mature T cells capable of fighting cancer.
The Eli and Edythe Broad Foundation awarded $1 million to Providence Saint John’s Health Center to set up a Center for Robotic Joint Replacement.
Forcyte Biotechnologies Inc., a Brentwood-based biotechnology startup with roots at UCLA, has sold $160,000 in securities out of a $2 million securities offering.
C3J Therapeutics Inc., a biotechnology company based in Marina del Rey, announced Jan. 4 it has agreed to merge with AmpliPhi Biosciences Corp. of San Diego.
Nonprofit looking to fill chief executive role; aims to raise $9 million
New agency to nurture bioscience industry.
Catalina Sea Ranch looks to expand, spins off research arm
Catalina Sea Ranch turns to bioscience to mussel into seafood market.
UCLA was awarded a $2 million grant to improve the lives of senior citizens.
NantCell Inc., a Culver City-based biotech firm founded by Los Angeles billionaire Patrick Soon-Shiong, has raised $30 million in investor funding, according to a Dec. 28 securities filing.
MedMen Enterprises Inc., a cannabis company based in Culver City, announced Dec. 24 it had agreed to acquire Chicago-based PharmaCann, doubling its reach to sell in a dozen states.
Children’s Hospital Los Angeles was awarded a $1.2 million federal grant to study drug resistance in leukemia.
BIOTECH: Pharma outfit probing cannabinoid uses
Vitality Biopharma Inc. once worked to improve the taste and global supply of stevia, a sugar substitute.
Hawthorne-based OSI Systems Inc. has been awarded a federal contract worth up to $450 million to monitor health care patients for the U.S. military.
Santa Monica-based Funguys Inc., a food company that sells a Four Sigmatic brand of mushroom coffees and teas, has raised $5.4 million from investors.
OSI Systems Inc., an electronic security company based in Hawthorne, has been awarded a federal contract worth up to $450 million to monitor health care patients for the U.S. military.
BIOTECH: $320M Westlake fund excites local firms
Los Angeles becoming destination for biotech venture capital investments.
HEALTH CARE: Move could force closure of 16 clinics
Molina Healthcare Inc. will soon cut ties with 16 of its former medical clinics now owned by its ousted Chief Executive J. Mario Molina
Institutions adds 11 to bolster staff as it seeks to finalize accreditation
Leadership team announced for Kaiser Permanente School of Medicine.
Cedars-Sinai Marina del Rey Hospital has named Joanne Laguna-Kennedy as its new vice president of operations.
Jaanuu Inc., a medical apparel company based in El Segundo, announced Dec. 10 it raised $15 million from investors.
Private equity firm Clearlake Capital Group, based in Santa Monica, has completed its acquisition of Symplr, a health-tech company based in Houston, the company announced on Dec. 7.
Health Care: Firm helps providers lower costs
AI on health
Cedars-Sinai Medical Center has teamed up with digital health startup Pragma Inc. to launch what may be the first accredited continuing medical education course taught in virtual reality.