HEALTH CARE
Recent and archived news stories on: biotechnology, pharmaceutical companies, health insurance companies, hospitals, medical devices, medical groups
GoodRx Seeks to Raise $570 Million in IPO
Santa Monica-based GoodRx Holdings Inc. has priced its initial public offering at between $24 and $28 a share and hopes to raise $570 million from the offering.
Radiology Partners to Acquire Mednax for $885 Million
El Segundo-based radiology services company Radiology Partners Inc. has agreed to acquire Mednax Radiology Solutions, a division of Sunrise, Fla.-based Mednax Services Inc., for about $885 million.
GoodRX Preparing for $100 Million IPO
Santa Monica-based GoodRx Holdings Inc., which operates a popular and fast-growing prescription drug comparison price shopping platform, is poised to become the first L.A. County company to go public in more than a year.
Fulgent Opens First Covid-19 Lab Outside California
Temple City-based genetic testing company Fulgent Genetics Inc. has begun Covid-19 testing at a new facility in Houston — its first testing lab outside of California.
Puma Study Probes Nerlynx Side Effects
Westwood-based Puma Biotechnology Inc. has published interim results for a study tied to its main drug Nerlynx, an early stage breast cancer treatment that was approved three years ago by the Food and Drug Administration.
Kite Partners to Develop Leukemia Treatments
Santa Monica pharmaceutical concern Kite is partnering with HiFiBiO Inc. to develop therapies to treat acute myeloid leukemia.
Fulgent Shares Soar on Covid Testing Announcements
Shares of Fulgent Genetics Inc. jumped more than 11% on Sept. 3 following announcements about expanded Covid-19 testing.
TigerConnect Acquires Physician Scheduling Platform
Health care communications company TigerConnect Inc. has acquired Adjuvant Technologies, the operator of a physician scheduling platform.
Herbalife Settles Chinese Bribery Case for $123 Million
Herbalife Nutrition Ltd. has agreed to pay $123 million to settle federal charges that it bribed Chinese officials.
Wellth App Pays Patients to Take Their Medication
A small company in Mar Vista, Wellth Inc., pays people each month for taking their medications, helping offset preventable health care costs.
Local Hospital Employment Holds Steady Amid Pandemic
To say L.A. County hospitals have had a challenging year on the front lines of the Covid-19 pandemic would be an understatement.
St. John’s Secures $40 Million Donation
Providence Saint John’s Health Center in Santa Monica announced a $40 million donation from philanthropists Will and Cary Singleton.
NantKwest Teams With Stem Cell Company on Covid-19 Treatment
El Segundo-based NantKwest Inc. and Sawtelle-based stem cell bank operator Generate Life Sciences Co. are collaborating on a stem cell-based treatment against Covid-19, the two companies announced Aug. 10.
Molina Healthcare Pledges $150 Million for Community Health Initiative
Molina Healthcare Inc. is pledging $150 million toward a new community health initiative.
UCLA, Cedars Earn High Marks in National Hospital Rankings
Three Los Angeles County hospitals once again placed among the nation’s top 20 in annual rankings compiled by U.S. News & World Report.
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