Stories by Howard
The FDA must decide within six months whether to approve the drug, known as KTE-X19
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.
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.
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.
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.
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.
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.
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 Pharmaceuticals Inc. announced Feb. 5 that it had achieved “promising” interim results from early clinical trials for two of its drugs
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.
LAX slipped, Ontario surged in ’19
The passenger traffic picture was mixed for 2019 at three of the Los Angeles region’s airports.
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.
Caltech won a $1.1 billion verdict against Apple and Broadcom for allegedly infringing on the Pasadena university's wireless technology patents.
Employers in Los Angeles County added nearly 68,000 jobs to their payrolls last year, according to state figures released Jan. 24.
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.
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.
Sets deal with Canadian medical device company
Sawtelle-based diagnostic imaging services company RadNet Inc. said it will explore entering the cancer treatment business.
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 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.
World Energy has been awarded $11 million in state tax credits toward the expansion of its Paramount jet fuel refinery.
Pasadena-based Huntington Medical Research Institutes has received a $1 million, three-year award from the W.M. Keck Foundation for brain research.
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.
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.
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.
After nearly two years of declines, L.A. consumer confidence rebounded in the fourth quarter, according to a survey released Jan. 16.
UCLA has received a $25 million gift from Uniqlo founder Tadashi Yanai for a Japanese literature and culture studies initiative.
Cedars-Sinai announced the opening of its fourth urgent care clinic — this one in West Los Angeles.
Biostrap offers consumers ‘Fitbit on steroids’
Biostrip's body data collection device provides in-depth monitoring that passes clinical muster.
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.
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.
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.
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.
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.
USC’s Ellison Institute for Transformative Medicine will open a “smart” facility with advanced wireless technologies in Silicon Beach later this quarter.
Molina Healthcare Inc. agreed to acquire Chicago-based managed care insurer NextLevel Health Partners Inc. in a deal valued at about $50 million.
Construction consulting firm Cumming has named a new chief operating officer and a new president.
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.
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.
Two companies appear to be heading in opposite directions this year in the biomed and health care space.
November passenger traffic at Los Angeles International Airport fell 3% from a year earlier.
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.
L.A. County’s unemployment rate held steady in November for the third straight month, according to state figures.
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.
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.
In a major boost for Ontario International Airport, Frontier Airlines will add five flight routes next year.
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.
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.
Engineering: After 75 years in LA, firm shifts HQ to Virginia
L.A. County lost another major corporate headquarters in 2019.
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.
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.