HEALTH CARE
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.
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.
Prospect Fights Hostile Offer
Health Care: Prime pursues Palms medical group
Palms-based hospital and physician group Prospect Medical Holdings Inc. is facing a hostile takeover attempt from one of the biggest hospital chains in the country, Prime Healthcare Services.
Arrowhead Pharmaceuticals Looks to Raise $232 Million
Pasadena biotech firm Arrowhead Pharmaceuticals Inc. set an offering of 4 million shares, seeking to raise up to $232 million to fund operations and strategic investments.
Herbalife Opens Training Center in China
Downtown-based Herbalife Nutrition Inc. has opened the first of four training centers in China for its customers and distributors.
Geffen Donates Another $46 Million to UCLA
Entertainment mogul David Geffen donated an additional $46 million to the UCLA medical school that bears his name, the university announced Dec. 2.
Arrowhead Shares Surge on Big Pharma Acquisition, Positive Earnings
Arrowhead Pharmaceuticals shares surged Nov. 25 as investors reacted to positive earnings and news of a major acquisition in the pharma category.
Arrowhead Hits the Mark
BIOTECH: New approach pulls company back from brink
Arrowhead Pharmaceuticals’ new approach leads to a rebound.
RadNet Joins S&P Small Cap 600
Diagnostic imaging firm partners with AI company
RadNet stock jumps after it is added to the Small Cap 600 stock index.
Tumor Tool Gets OK
NantHealth device wins approval from FDA
NantHealth Inc. receives FDA approval for a genetic mapping tool.
Fulgent Enters Home Market
HEALTH CARE: Genetic testing kits bypass doctor visits
Fulgent Genetics enters the market for at-home genetic tests.
Herbalife Names Agwunobi as CEO
HEALTH CARE: Activist investor Carl Icahn raises his stake in the company to 24%
Herbalife Nutrition announces John Agwunobi will become its next CEO.
Molina Hit by Big Loss
HEALTH CARE: Insurer downgraded after Texas cuts
Molina Healthcare loses a major Medicaid contract in Texas.
Eyewear Service Lensabl Raises $4 Million, Adds Frames, Contacts
Lensabl raised a $4 million funding round as it looks to move into the contact lens and frame business
Vet Cinic Startup Modern Animal Raises $13.5 Million
Modern Animal, a startup that wants to revamp veterinary clinics for the digital age, has raised $13.5 million in seed funding.