HEALTH CARE
Capricor, ImmunityBio, City of Hope Make Progress on Covid-19 Vaccines
Local biotech teams are making progress on their Covid-19 vaccine candidates.
Protomer Secures Additional Funding for Insulin Platform
Pasadena-based biopharmaceutical startup Protomer Technologies Inc. has closed a second investment raise for a drug platform that includes an insulin product.
UCLA Health, Regeneron Plan Large Genetic Sequencing Project
In one of the largest genomic medicine ventures in the nation, UCLA Health has entered into a research agreement with Regeneron Pharmaceuticals.
Telehealth Provider Cloudbreak to Be Acquired by SPAC
El Segundo telehealth provider Cloudbreak Health has agreed to be acquired by a special purpose acquisition company and will join UpHealth Holdings Inc.
GoodRx Shares Plunge After Amazon Announces Online Pharmacy
Shares of online prescription drug price service GoodRx Holdings Inc. have fallen nearly 28% in two days.
John Wayne Cancer Institute Receives $8 Million Donation
The John Wayne Cancer Institute at Providence Saint John’s Health Center in Santa Monica has received its largest donation to date.
Primary Care Practices Feel Financial Pain From the Pandemic
Primary care practices are struggling to stay afloat as Covid-19 cases are rising to record levels in Los Angeles County.
GoodRx Gains, Loses in First Earnings Report
In its first quarterly earnings report last week as a public company, GoodRx Holdings Inc. posted solid revenue gains.
Fulgent Revenue Soars on Covid Testing Surge
Temple City-based Fulgent Genetics Inc. continues to reap a bonanza from Covid-19 testing.
Breath Direct Hopes to Ease the Load for Hospitals With Low-Cost Ventilators
When the Covid-19 pandemic hit in March, Darren Saravis, who runs medical device manufacturing company Nectar Inc. in Long Beach, was stunned to hear about the shortage of ventilators and the exorbitant prices hospitals had to pay for them.
AccessHope Looks to Build Cancer Care Network
A year ago, Duarte-based City of Hope launched AccessHope, a spinoff company that provides employees of large, self-insured employers access to its cancer treatment specialists.
RadNet Expands Through New Joint Ventures
Sawtelle-based diagnostic imaging services provider RadNet Inc. made a pair of announcements in late October that expand the company’s reach.
Analytics-Driven Behavioral Health Care Company Ontrak Acquires LifeDojo
Santa Monica-based Ontrak Inc. last month took the next step in its effort to use big data to improve patient outcomes in managing chronic diseases.
GeBBS Healthcare Solutions Benefits From Growing Demand for Back-Office Billing Work
Medical procedure coding and insurance billing is among the most tedious and least glamorous work in all of health care, yet for Culver City-based GeBBS Healthcare Solutions Inc., these mundane tasks have been the ticket for explosive growth.
Soon-Shiong Names Adcock as CEO at NantKwest
Patrick Soon-Shiong is stepping aside as chief executive of El Segundo-based biotech firm NantKwest Inc. and handing the reins to veteran health care executive Richard Adcock.
