HEALTH CARE
City of Hope Receives Grant for Covid-19 Study
A research team at Duarte-based City of Hope has received a $750,000 grant to conduct a clinical study into a Covid-19 treatment.
Common Cause
Michael Milken devotes his resources to combat Covid-19
Michael Milken is directing Milken Institute resources to battle the Covid-19 crisis.
Soon-Shiong Sets Sights on Virus
Hospital, companies look to treatments
Patrick Soon-Shiong, the billionaire biomedical entrepreneur and owner of the Los Angeles Times, has moved on two fronts to fight the Covid-19 pandemic in recent weeks.
ScaleHealth Launches Innovation Partnership
Bioscience incubator expands to Orange County, rebrands
The operator of a bioscience incubator in Palms has taken on a new name, ScaleHealth, and has expanded into Orange County through a partnership with the La Palma-based Innovation Institute.
Dermavant Drug Enters New Phase
Psoriasis treatment ready for large-scale testing
Dermavant Sciences Ltd. of Long Beach has completed patient enrollment for a Phase 3 trial of a therapeutic cream to treat the skin disease psoriasis, the company said.
Needed Shifts From Supplements
Startup broadens approach to cover health and wellness
Just as Brentwood-based startup Needed wrapped two years of development and began marketing its first product — a nutrition supplement for women of childbearing age — Covid-19 hit, prompting the company onto a different path.
County Unemployment Rate Jumps to 6.3% in March
L.A. County’s unemployment rate surged to 6.3% in March as the area felt the initial impact of the Covid-19 pandemic.
Molina Scraps $50 Million Deal to Buy NextLevel Health
Molina Healthcare Inc. has called off its deal to buy Chicago Medicaid managed care insurer NextLevel Health Partners Inc. for $50 million.
Patients Turn to Telehealth
Companies experience a surge in demand
Local telehealth companies, experiencing a big boost in both hospital clients and patients, are rapidly adjusting their business models to seize the opportunity as the impact of Covid-19.
Positive News Boosts Molina to Record High
Analyst upgrade lifts insurer
While markets have swooned in recent weeks, shares of Long Beach insurer Molina Healthcare Inc. surged to an all-time high April 8 after an analyst raised its rating two notches to the equivalent of a “buy” and news that Sen. Bernie Sanders, I-Vt., was ending his presidential bid.
Prime Healthcare Gets OK to Buy St. Francis Medical Center for $350 Million
Ontario-based Prime Healthcare Inc. has received approval to purchase St. Francis Medical Center in Lynwood from bankrupt Verity Health System for more than $350 million.
CUSTOM CONTENT: Children Are At Risk - It's Up to All of Us to Protect Them
Reality of current health crisis affecting those most vulnerable
Just days after schools, child care, and after-school programs closed, child abuse reports across California drastically decreased. This is not good news -- it is cause for deep concern. Vulnerable children at risk of abuse are “sheltering at home,” possibly under extremely difficult conditions.
Medical Companies Quickly Pivoting
LA firms seeking ways to fight virus
As the coronavirus pandemic rages, many local biomedical and health care companies are rapidly turning their businesses toward fighting Covid-19.
Soon-Shiong Bids for St. Vincent
Seeks to reopen Westlake hospital
Patrick Soon-Shiong has submitted an offer to buy the recently shuttered St. Vincent Medical Center in Westlake for $135 million.
Local Biomed Companies Using New Tech to Combat Covid-19
A pair of San Gabriel Valley biomed companies have announced progress in technologies that can be used to fight Covid-19.
