Recent and archived news stories on: biotechnology, pharmaceutical companies, health insurance companies, hospitals, medical devices, medical groups

Molina Enters Growth Mode

Company looks to new execs, contracts

After a rocky three years, managed care and Medicaid insurer Molina Healthcare Inc. says it is back in growth mode.

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Shares Soar for Soon-Shiong Companies

NantKwest drug shows promise, NantHealth sells unit for $47M

Stock prices skyrocketed last week for two of billionaire Patrick Soon-Shiong’s health care companies.

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LA Consumer Confidence Rebounds in 4th Quarter

After nearly two years of declines, L.A. consumer confidence rebounded in the fourth quarter, according to a survey released Jan. 16.

Cedars-Sinai Opens Urgent Care Clinic in West LA

Cedars-Sinai announced the opening of its fourth urgent care clinic — this one in West Los Angeles.

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Body Data Firm Digs Deep

Biostrap offers consumers ‘Fitbit on steroids’

Biostrip's body data collection device provides in-depth monitoring that passes clinical muster.

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Verity to Close LA’s Oldest Hospital

Debt-laden St. Vincent dates to 1856

El Segundo-based hospital operator Verity Health System will close St. Vincent Medical Center in Westlake — the oldest continuously operating hospital in Los Angeles — at the end of January.

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Xencor Licenses HIV Drugs to Pharma Giant Gilead

Monrovia-based biopharma firm Xencor Inc. reached a licensing deal with pharma giant Gilead Sciences Inc. to develop a group of antibody drugs to treat HIV.

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USC’s Ellison Institute to Open Smart Building in Silicon Beach

USC’s Ellison Institute for Transformative Medicine will open a “smart” facility with advanced wireless technologies in Silicon Beach later this quarter.

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Molina Healthcare to Acquire Chicago Medicaid Provider for $50 Million

Molina Healthcare Inc. agreed to acquire Chicago-based managed care insurer NextLevel Health Partners Inc. in a deal valued at about $50 million.

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Health Care & Biomed: Arrowhead looks to maintain positive momentum

Two companies appear to be heading in opposite directions this year in the biomed and health care space.

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ChromaDex Steps Up Down Under

Supplement-maker gets approval in Australia

Westwood-based ChromaDex Corp. has made headway as it tries to market its only product — a nutrition supplement aimed at promoting metabolic reactions in cells — around the globe.

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New Execs at Science 37

CEO, chief commercial officer join trial company

A new leadership team is now in place at Playa Vista-based digital clinical trial company Science 37 Inc., nine months after its former chief executive and co-founder stepped back from daily operations.

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Molina Healthcare Plans $500 Million Share Buyback

The board of Molina Healthcare Inc. authorized a stock repurchase program for up to $500 million worth of the company’s outstanding common shares.

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Charles Drew Receives $800,000 Grant

Charles Drew University has received an $800,000 grant from the California Endowment to help the school develop a new medical degree program and a new medical education building.

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Cedars-Sinai Receives $20 Million Gift

Cedars-Sinai received a $20 million gift from the co-founder of digital navigation company Garmin to create an autoimmune disease institute.

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