HEALTH CARE
Recent and archived news stories on: biotechnology, pharmaceutical companies, health insurance companies, hospitals, medical devices, medical groups
How GoodRx Fended Off Amazon
GoodRx and its consumer-focused health care apps have managed to hold their own and even thrive despite an escalating threat from Amazon.com Inc.
Herbalife Shares Plunge After Company Lowers Revenue Guidance
The company released lowered full-year revenue guidance due to lower-than-expected results from its distributor network.
Senior Care Provider Scan Makes First Outside Investments
Long Beach-based Scan Group, best known for its Scan Health Plan that offers Medicare Advantage plans to seniors, has made its second investment in an outside health care company.
Molina Healthcare Awarded Nevada Medicaid Contract
Chalk up another contract win for Long Beach-based health insurance giant Molina Healthcare Inc.
Dermavant Closer to FDA Approval for Tapinarof
In a tale of two local biotech companies trying to develop drugs to treat skin conditions, one has passed a major milestone as it seeks Food and Drug Administration approval.
Ontrak Plots New Course After Losing Major Customers
This year has been a brutal one for Santa Monica-based Ontrak Inc.
Mintie’s Air Cleaners Are in Demand Again
With Covid-19 driving new interest in indoor air quality, Mintie — which was recently acquired by a better capitalized industry player — could turn into more than a niche operation.
Soon-Shiong Adds Top Science Role at ImmunityBio
Following a plunge in the share price of Culver City-based ImmunityBio Inc., company founder Patrick Soon-Shiong has resumed an active role in the company.
Ontrak Loses Largest Customer
Behavioral health company Ontrak Inc. announced the loss of its second major customer this year.
Larry Ellison-Backed Cancer Institute Opens
A new cancer research institute has opened its doors on L.A.’s Westside.
Fulgent Reaches Deals With Cancer Testing Companies
Temple City-based genetic testing company Fulgent Genetics Inc. announced two deals with cancer testing companies.
City of Hope Acquires Cancer Treatment Medical Group
In one of its largest cancer treatment practice acquisitions to date, Duarte-based cancer research institution City of Hope has acquired Long Beach-based Pacific Shores.
Heal Founders Raise $3.8 Million for New Digital Health Venture
The founders of telehealth company Get Heal Inc. have raised $3.8 million in seed funding toward the launch of a new digital health venture.
UCLA, Cedars Rank Among Nation's Best Hospitals
The 2021-22 edition of U.S. News & World Report rankings put UCLA Medical Center in the No. 3 spot and Cedars-Sinai Medical Center in the No. 6 slot nationally.
ImmunityBio Shares Swoon After Merger
ImmunityBio’s share price has headed almost entirely downhill, shedding 70% of its value in four months.
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