Stories by Howard
Santa Monica-based GoodRx Inc., which rose to prominence through its app allowing consumers to comparison shop pharmacies for prescription drugs, now wants to give consumers the power to lower their overall health care costs.
Sawtelle-based physician house call and telemedicine service Get Heal Inc. has received a $100 million investment from health insurance giant Humana Inc., the two companies announced July 29.
Billionaire Patrick Soon-Shiong’s NantHealth Inc., which uses data analysis and artificial intelligence technology to assist physicians and improve patient outcomes, is going even more high tech.
The toll from the Covid-19 pandemic continued at LAX in June as passenger traffic fell 87% from year-earlier levels.
Investors were bullish on several of L.A.’s publicly traded bioscience companies during the 12 months ending June 30, sending those companies soaring on the Business Journal’s annual public companies list.
Century City-based engineering and infrastructure giant AECOM has received a contract to provide ground assessment services for the third phase of the 14.3-mile, $7 billion-plus Lower Thames Crossing highway tunnel project near the mouth of England’s famed Thames River.
After a wait of decades, work is about to begin on connecting Los Angeles International Airport to L.A.’s rail system.
L.A.’s publicly traded companies have felt the sting of the Covid-19 pandemic and resulting business shutdowns, with entertainment behemoth Walt Disney Co. leading the way.
Prime Healthcare received approval from state Attorney General Xavier Becerra to purchase St. Francis Medical Center.
Plans to triple flights out of the airport by 2025
For JetBlue Airways Corp., the Covid-19 pandemic has presented an unexpected opportunity to finally cut the cord at Long Beach Airport and move operations to LAX.
Pomona-based Float Shuttle Inc. launched in February to fly commuters over traffic-choked Los Angeles freeways for a monthly subscription fee.
The city of Los Angeles is poised to overhaul its contract procurement platform in an attempt to bring more small and diverse businesses to the table.
Molina Healthcare announced July 17 that it has agreed to buy certain business lines of Passport Health Plan for $20 million.
L.A. County’s unemployment rate dipped to 19.4% in June from a record high of 21.1% in May as the economy reopened around Memorial Day and local employers added back a record 147,000 jobs in subsequent weeks.
Like many genetic testing companies, Rancho Dominguez-based DxTerity Diagnostics Inc. has pivoted to Covid-19 testing, but with a special focus on testing employees before they return to the workplace.
Pacific Clinics, Kheir Center to expand remote services
Two local health care clinics each received two grants last month to expand their telehealth services.
UCLA announced a couple of health care-related developments last month that had little to do with the Covid-19 pandemic.
Jolts from Covid-19, social justice protests take their toll on LA County
Consumer confidence plunged to another record low during the second quarter as the region’s economy was ravaged by the Covid-19 pandemic and resulting business shutdown orders.
Hires of Voermann, Nagji continue rapid expansion
GoodRx Inc., a Santa Monica-based company that allows consumers to price shop among pharmacies for prescription drugs, has appointed industry veterans to two key executive posts to help guide the company through a period of rapid expansion.
JetBlue said it will end service at Long Beach Airport in October and transfer flights and crews to LAX.
Monrovia biopharmaceutical company Xencor Inc. has entered into a strategic collaboration with Bay Area biopharma company Atreca Inc. to develop cancer treatments.
L.A.’s bioscience sector generated $44 billion in economic activity and nearly 196,000 jobs last year.
May passenger counts slide, but cargo tonnage increases
The devastation to the travel industry wrought by the Covid-19 pandemic continued to hold Los Angeles International and other local airports in its grip in May.
Nissen, Medina, Cheung are elevated
The Los Angeles County Economic Development Corp. announced last week that recently retired NBCUniversal exec Steve Nissen has been elected as the organization’s new board chairman.
American Airlines is shifting its trans-Pacific flight hub from LAX to Dallas-Fort Worth International.
Glendora to Pomona might be final extension
Major construction gets underway next month on the latest — and possibly final — segment of the Foothill Gold Line Extension light rail project.
Experts divided after May rate reaches 20.9%
While the nation’s jobless picture showed signs of improvement in May, Los Angeles County’s unemployment rate continued to surge last month, sparking debate among economists about the local outlook.
Kern facility could power roughly 93,000 homes a year
Mid-Wilshire-based 8minute Solar Energy has signed a contract to develop a 250-megawatt solar energy and storage project in Kern County.
West Basin pipeline serves Torrance business park
The West Basin Municipal Water District announced the completion of a recycled water pipeline at Sares Regis Group’s Torrance Commerce Center on the site of the former Toyota Motor North America Inc. headquarters campus.
Company offering home-based kits
Temple City-based genetic testing firm Fulgent Genetics Inc. is joining the rush of companies with home-based Covid-19 tests, announcing the launch of its service after receiving emergency authorization approval from the Food and Drug Administration.
Startup puts focus on cancer and Covid-19
Santa Monica health tech startup Quantgene Inc. is one of dozens of companies racing to revolutionize cancer detection screening by using only a drop of blood instead of the intrusive biopsies prevalent today.
Company is addressing issues with electronic medical records
DearHealth Inc., a Venice-based health-tech disease management firm, is using artificial intelligence algorithms to develop a disease management app that crafts structured care and treatment programs tailored to individual patients.
Los Angeles World Airports interim Chief Executive Justin Erbacci moved one step closer to the permanent job.
L.A. County’s unemployment rate hit a record 20.9% in May, up slightly from a revised 20.8% in April.
Century City-based AECOM has named Troy Rudd to become its new chief executive, replacing longtime CEO Michael Burke.
Metro announced that decking for a Purple Line Extension subway station on Wilshire Boulevard in the heart of Beverly Hills was finished seven months ahead of schedule.
Incubator is now home to 20 companies
The BioLabs LA incubator's 20 member companies have raised a total of $31 million over the past year to fund research and development of their therapies, medical devices and services.
NantKwest, ImmunityBio in the hunt for virus vaccine
Developments have been coming at a rapid clip since late May for the effort by two of Patrick Soon-Shiong’s companies — El Segundo-based NantKwest Inc. and ImmunityBio Inc. — to come up with a vaccine for Covid-19.
Company seeks approval to expand use of Yescarta
Santa Monica pharmaceutical concern Kite Pharma has passed a key clinical trial milestone as it seeks to expand the use of one of its breakthrough drugs to treat a form of non-Hodgkin’s lymphoma cancer.
Company’s Covid-19 tests attract colleges nationwide
MiraDx Inc., a West Los Angeles-based molecular genetics company, is now signing up public and private universities and colleges across the country for its Covid-19 testing service.
"Within an hour of sharing our ideas and visions, we decided to start a company together."
"We’ve been taking what works and being relentless about implementing it."
"We believe that people should have the power to share information without the fear of spreading false information."
Musk’s Boring Co. tunnels into new territory
While the world’s eyes have recently been focused on the first manned space launch by Elon Musk’s Hawthorne-based Space Exploration Technologies Corp., another Musk company has been making some news of its own.
Hospital company boosts network with addition of 10,000 doctors
Palms-based hospital and physician group operator Prospect Medical Holdings Inc. has acquired three medical groups with about 10,000 physicians, nearly doubling the doctor count in its physician association holdings to about 21,000.
Giroux responds for business owners
The first frantic call came into downtown-based Giroux Glass Inc. at 5 a.m. on May 30 from a terrified official at the Los Angeles Community College District office building in downtown.
In a sign that LAX is starting to rebound from the air travel slump caused by the Covid-19 pandemic, Lufthansa resumed service between LAX and Munich.
Hospitality, entertainment sectors drive record unemployment results
It’s no surprise that L.A.’s economy has been walloped by coronavirus-driven business shutdowns, but the extent of the damage and how much worse L.A. County has fared only became apparent with the release of data for April.
Slight rise is anticipated for May
Passenger traffic at Los Angeles International Airport dropped nearly 96% in April, to less than 300,000, as the Covid-19 pandemic hit the air travel industry with full force.
Utility's parent company plans $5B annual investment
Rosemead-based Edison International recently completed a private placement of common shares worth $800 million, with proceeds destined for the company’s mandated wildfire fund contribution and other infrastructure investments for its Southern California Edison utility subsidiary.