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

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.

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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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Kite to Sell Drug Platform and Manufacturing Facility to BioNTech

Biopharma company Kite will sell one of its drug platforms and a manufacturing facility in Maryland to BioNTech.

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Uniper Care Raises $15 Million to Expand TV Platform for Seniors

Uniper Care Technologies, a home-based senior services content provider headquartered in Tel Aviv, Israel, with its U.S. headquarters in Palms, has raised $14.5 million to expand its television-based platform in the United States.

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Kite Signs Partnership Deal, Wins Drug Approval in China

Santa Monica-based immunotherapy company Kite, a subsidiary company of Foster City-based Gilead Sciences Inc., has signed one new drug development partnership and hit a key milestone with another.

Arrowhead Shares Plunge After Drug Trial Is Halted

Shares of Pasadena-based Arrowhead Pharmaceuticals Inc. plunged 34% on July 2 to $63.07 after the company halted trials of a drug to treat cystic fibrosis following reports of toxicity issues in tests of the drug on rats.

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Incubators Nurture Local Bioscience Startups

Incubators have long been viewed as crucial to jump-start the development of tech, life science and other companies.

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Oncology Institute Plans $1 Billion SPAC Offering

Cerritos-based cancer treatment company Oncology Institute of Hope & Innovation announced that it intends to go public through a SPAC.

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Marsh & McLennan Agency Survey: Tech Firms Re-imagine Employee Perks And Benefits In Response To The Pandemic

Tech companies are reacting to the post COVID-19 business environment by doing what they do best: Innovating to meet changing market dynamics.

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Vida Ventures Closes $825 Million Life Sciences Fund

Century City-based Vida Ventures, a life sciences investment fund co-founded by local biotech magnate and serial bioscience investor Arie Belldegrun, announced June 24 that it has closed its third fund after having raised $825 million from various institutional investors.

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Cedars Gets $12 Million for ALS Clinical Trial

Cedars-Sinai Medical Center was awarded nearly $12 million from California’s stem cell agency for an ALS clinical trial.

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Arrowhead Inks Licensing Deal for Drug to Treat Gout

Arrowhead Pharmaceuticals Inc. has signed a licensing deal with an Irish pharmaceutical company for drug to treat gout.

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Biotech Company Neogene Therapeutics Selects Santa Monica as US Headquarters

A new immunotherapy biotech company has set up its U.S. headquarters in Belldegrun’s former haunt, the old Kite Pharma building in Santa Monica.

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Children’s Hospital Los Angeles, Geffen School Receive Funding

Two local institutions in recent weeks have received funds for research and education.

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Local Companies See Gains in Covid Vaccine Development

Three local companies have made strides in recent weeks in their efforts to bring new Covid vaccines to market.

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