HEALTH CARE
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.
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.
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.
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.
Incubators Nurture Local Bioscience Startups
Incubators have long been viewed as crucial to jump-start the development of tech, life science and other companies.
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.
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.
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.
