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Howard Fine

Stories by Howard

FDA Gives Kite Cellular Drug Therapy Fast Track Designation

The FDA must decide within six months whether to approve the drug, known as KTE-X19

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Float Could Fly Soon in LA

Air commuter service nears DOT approval

After months of delays, L.A.’s first air shuttle service for local commuters appears close to getting off the ground.

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Xencor to License Food Allergy Drug

Deal with Aimmune could bring up to $400 million before royalties

Monrovia-based biopharmaceutical company Xencor Inc. announced it has granted a license to Bay Area-based Aimmune Therapeutics Inc.

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Molina Expects Positive Results Ahead

Managed care insurer projects $17 billion in revenue for 2020

With the release of fourth-quarter and full-year 2019 earnings, Molina issued a forecast of premium revenue growth for this year of 7.4% to about $17.4 billion.

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Puma Shares Soar 81% Over 2 Days

Biotechnology company stays quiet amid speculation about run-up

After a year of lackluster and disappointing performance, shares of Westwood-based biopharmaceutical company Puma Biotechnology Inc. mysteriously shot up 81% Feb. 4 and 5 on some of its heaviest trading volume in years.

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Ares Partners on Projects

Firm plans NY battery effort

Century City alternative asset management firm Ares Management Corp. has agreed to partner with Atlanta-based Dimension Renewable Energy to further develop large-scale battery energy storage projects in New York state.

Tetra Tech Gets Government Boost

Firm benefits from stable federal budget process

Sometimes one of the biggest things executives pray for is a lack of drama in their businesses. That's what Tetra Tech is experiencing now with the federal government.

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Rail Project Picks Teams

Companies selected to bid on Sepulveda Pass work

Five teams have qualified to bid for the contract to build a rail line through the 405 Freeway’s Sepulveda Pass, officials with the Los Angeles County Metropolitan Transportation Authority announced late last month.

Arrowhead announces 'promising' clinical trial results

Arrowhead Pharmaceuticals Inc. announced Feb. 5 that it had achieved “promising” interim results from early clinical trials for two of its drugs

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LA County Construction Employment Expected to Grow 6% Over Next 5 Years

The construction sector in Los Angeles County will add nearly 9,500 jobs over the next five years for a growth rate of 6%, according to a new forecast.

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Airports Post Mixed Results

LAX slipped, Ontario surged in ’19

The passenger traffic picture was mixed for 2019 at three of the Los Angeles region’s airports.

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NantHealth Stock Surges Again on News

Investors respond to promising AI test, software partnership

After months of relatively little news from billionaire Patrick Soon-Shiong’s Culver City-based network of health care businesses, the past few weeks have brought multiple developments that sent shares soaring.

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Caltech Wins $1.1 Billion Patent Verdict Against Apple, Broadcom

Caltech won a $1.1 billion verdict against Apple and Broadcom for allegedly infringing on the Pasadena university's wireless technology patents.

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L.A. County Gained 68,000 Jobs Last Year Despite December Dip

Employers in Los Angeles County added nearly 68,000 jobs to their payrolls last year, according to state figures released Jan. 24.

Is AECOM on the Block?

WSP Global reportedly in talks for a deal

Century City-based engineering giant AECOM reportedly has been in possible buyout talks with Montreal-based engineering services firm WSP Global Inc.

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JetBlue Slashes LB Flights

Cuts are latest by the carrier at the airport

JetBlue Airways Corp. is eliminating flights from Long Beach Airport to Oakland and reducing flights out of Long Beach to other hubs.

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RadNet Offering Cancer Treatment

Sets deal with Canadian medical device company

Sawtelle-based diagnostic imaging services company RadNet Inc. said it will explore entering the cancer treatment business.

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EU OK’s Synedgen

Company wins patent for inflammation drug

Claremont-based biotech company Synedgen Inc. has been granted a European Union patent for its drug to treat GI inflammation related to cancer treatment.

Health Meets Wealth

Health Care: Arrowhead and Prospect Medical could give sector a shot in the arm

The Los Angeles health care market has seen a trend toward fewer but bigger deals in the last few years, and 2020 could bring more of the same.

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World Energy Gets $11 Million Tax Credit for Paramount Refinery

World Energy has been awarded $11 million in state tax credits toward the expansion of its Paramount jet fuel refinery.

Huntington Medical Research Institutes Awarded $1 Million Grant for Brain Research

Pasadena-based Huntington Medical Research Institutes has received a $1 million, three-year award from the W.M. Keck Foundation for brain research.

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Ritter Pharmaceuticals to Be Acquired by Qualigen

Century City-based Ritter Pharmaceuticals Inc., which makes drugs to treat gastrointestinal diseases, is being acquired in a reverse merger with Carlsbad-based cancer therapy firm Qualigen Inc.

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Molina Enters Growth Mode

Company looks to new execs, contracts

After a rocky three years, managed care and Medicaid insurer Molina Healthcare Inc. says it is back in growth mode.

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Shares Soar for Soon-Shiong Companies

NantKwest drug shows promise, NantHealth sells unit for $47M

Stock prices skyrocketed last week for two of billionaire Patrick Soon-Shiong’s health care companies.

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LA Consumer Confidence Rebounds in 4th Quarter

After nearly two years of declines, L.A. consumer confidence rebounded in the fourth quarter, according to a survey released Jan. 16.

Uniqlo Founder Donates $25 Million to UCLA

UCLA has received a $25 million gift from Uniqlo founder Tadashi Yanai for a Japanese literature and culture studies initiative.

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Cedars-Sinai Opens Urgent Care Clinic in West LA

Cedars-Sinai announced the opening of its fourth urgent care clinic — this one in West Los Angeles.

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Body Data Firm Digs Deep

Biostrap offers consumers ‘Fitbit on steroids’

Biostrip's body data collection device provides in-depth monitoring that passes clinical muster.

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Healthy Returns

Arrowhead, Fulgent drove a strong 2019 for L.A. stocks

Last year was a good one for the stock market, and Los Angeles-area companies rode the wave.

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Verity to Close LA’s Oldest Hospital

Debt-laden St. Vincent dates to 1856

El Segundo-based hospital operator Verity Health System will close St. Vincent Medical Center in Westlake — the oldest continuously operating hospital in Los Angeles — at the end of January.

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AECOM May Lose After $10B Win

Revenue from Hanford could go to PE firms

Century City-based infrastructure giant AECOM last month landed one of its largest contracts. But the company may see little to no revenue from the deal.

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EPA Taps Tetra Tech

Agency awards $21M for water quality study

Tetra Tech Inc., the Pasadena-based engineering and consulting firm, will assess and manage threats to water quality under a $21 million, five-year contract from the EPA.

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Xencor Licenses HIV Drugs to Pharma Giant Gilead

Monrovia-based biopharma firm Xencor Inc. reached a licensing deal with pharma giant Gilead Sciences Inc. to develop a group of antibody drugs to treat HIV.

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USC’s Ellison Institute to Open Smart Building in Silicon Beach

USC’s Ellison Institute for Transformative Medicine will open a “smart” facility with advanced wireless technologies in Silicon Beach later this quarter.

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Molina Healthcare to Acquire Chicago Medicaid Provider for $50 Million

Molina Healthcare Inc. agreed to acquire Chicago-based managed care insurer NextLevel Health Partners Inc. in a deal valued at about $50 million.

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Construction Consulting Firm Cumming Names New COO, President

Construction consulting firm Cumming has named a new chief operating officer and a new president.

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Coming Soon: What’s Underway for Hollywood Park Complex

As the giant stadium superstructure nearing completion in Inglewood, Los Angeles Rams owner Stan Kroenke’s real estate development company is also hard at work on the surrounding 280-acre retail and entertainment complex.

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Infrastructure: Get set for a year of massive openings and major executive moves

2020 Year-Ahead Special Report

Not only is 2020 shaping up to be a momentous year for the completion of massive infrastructure projects in Los Angeles County, it also will mark transitions at two major infrastructure entities.

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Health Care & Biomed: Arrowhead looks to maintain positive momentum

Two companies appear to be heading in opposite directions this year in the biomed and health care space.

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LAX Passenger Traffic Down 3% in November as Slide Spreads to Domestic Travel

November passenger traffic at Los Angeles International Airport fell 3% from a year earlier.

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To Your Health

Thomas Priselac keeps Cedars-Sinai focused on quality care and expanded access

As chief executive and president of Cedars-Sinai Health System, Thomas Priselac heads the largest hospital complex not just in Los Angeles County but in the Western United States.

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Unemployment Holds Steady in L.A. County as Hiring Surge Continues

L.A. County’s unemployment rate held steady in November for the third straight month, according to state figures.

ChromaDex Steps Up Down Under

Supplement-maker gets approval in Australia

Westwood-based ChromaDex Corp. has made headway as it tries to market its only product — a nutrition supplement aimed at promoting metabolic reactions in cells — around the globe.

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New Execs at Science 37

CEO, chief commercial officer join trial company

A new leadership team is now in place at Playa Vista-based digital clinical trial company Science 37 Inc., nine months after its former chief executive and co-founder stepped back from daily operations.

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Frontier Airlines Adds 5 Flights at Ontario Airport

In a major boost for Ontario International Airport, Frontier Airlines will add five flight routes next year.

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LAX Projects Take Wing

Infrastructure: Work begins on airport’s $5.5 billion overhaul of ground access routes

The Los Angeles International Airport began work on the $5.5 billion program to improve access to the airport in 2019.

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Moving the Chains

Infrastructure: The Rams’ and Chargers’ new home is on track for 2020 opening

The Los Angeles Stadium and Entertainment District at Hollywood Park is on track to open in July 2020.

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Parsons Departs

Engineering: After 75 years in LA, firm shifts HQ to Virginia

L.A. County lost another major corporate headquarters in 2019.

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Moving Man

Engineering: Despite a series of bold deals, AECOM’s Michael Burke is heading out

Michael Burke, chief executive and board chair of engineering and design giant AECOM, undertook a series of bold moves in 2019 aimed at boosting margins and shareholder value.

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Something Wonderful

Agriculture: Stewart and Lynda Resnick unveiled a massive donation and a new product

Beverly Hills billionaires Stewart and Lynda Resnick made headlines in 2019 — and not just for their agribusiness empire.

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