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

Downtown Medical Office Sells for $85 Million

A roughly 147,000-square-foot downtown health care facility, dubbed 3rd Street Medical Center, sold for $85 million.

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Former Molina Healthcare CEO to Lead Claremont Colleges Medical School

A planned medical school at the Claremont Colleges has named Mario Molina, former chief executive of Molina Healthcare, as its founding dean, according to the Keck Graduate Institute.

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Kaiser Unions Plan to Strike in October

Kaiser Permanente workers in California have voted to strike beginning in October, according to a statement from the Coalition of Kaiser Permanente Unions.

LA Care Awards $5 Million to Hire Medical Residents Amid Physician Shortage

LA Care Health Plan, a publicly operated insurance agency based in Westlake, is committing more than $5.2 million to establish 14 new residency positions at medical facilities in the region.

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Radiology Partners Raises $700 Million

El Segundo-based medical imaging firm Radiology Partners Inc. announced it raised $700 million in equity funding from Starr Investment Holdings.

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Amgen, Allergan Launch Cancer Biosimilars in U.S. Market

Thousand Oaks-based Amgen Inc. and Allergan plc, headquartered in Dublin, Ireland, on Friday announced two biosimilar drugs for cancer treatment which the companies co-developed are now for sale in the United States.

Capricor Stock Rises on Positive Results of Muscular Dystrophy Treatment

Capricor Therapeutics Inc., a Beverly Hills-based biotechnology company working on a cell-based therapy to improve the lives of boys diagnosed with a devastating form of muscular dystrophy, reported promising early findings of a clinical trial involving 20 patients.

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MannKind Partners with GoodRx App

MannKind Corp. in Westlake Village has partnered with Santa Monica’s GoodRx, an app that allows people to see the best prices for drugs.

Kaiser Permanente Workers Could Go on Strike

Nurses, surgical technicians and other union workers at nonprofit health care provider Kaiser Permanente will vote later this month on whether to authorize a strike as contract negotiations stall.

Emmaus Life Sciences to Go Public Via Merger

Privately held Emmaus Life Sciences, Inc., a Torrance-based company with a major sickle cell therapy under development, plans to go public through a reverse merger with a data analytics company in Orange County.

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Broad Foundation Grants $30 Million for Stem Cell Research

The Eli and Edythe Broad Foundation will be making three grants to UCLA, USC and UC San Francisco.

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Glendora Community Hospital to Close Acute Care Facility

Glendora Community Hospital will close its acute care facility and eliminate 184 jobs beginning in September as it transitions to a behavioral health facility, according to layoff disclosures released June 25 by the state’s Employment Development Department.

City of Hope to Invest $1B in New Cancer Center in Irvine

Duarte-based medical care provider City of Hope has boosted its investment to $1 billion for a new cancer center at the FivePoint Gateway in Orange County.

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Pacific Ketamine Institute Opens in Beverly Hills

Pacific Ketamine Institute officially opened a ketamine clinic in Beverly Hills June 6.

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Amgen Collaboration to Further Cancer Research

Amgen Inc., with the help of leading community oncology networks, has launched Amgen Community Oncology Research Collaborators, an initiative to introduce more people to clinical research.