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Howard Fine

Stories by Howard

Innova Turns to Acquisitions in Bid to Boost Production

With two recent acquisitions under its belt, Pasadena-based startup Innova Medical Group Inc. is ramping up procurement and production of rapid antigen tests.

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Capricor Receives License for New Covid-19 Test

Beverly Hills-based biotech firm Capricor Therapeutics Inc. is about to start work on an entirely new type of Covid-19 test.

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LAX Passenger Traffic Continued Slump in January, but Cargo Boomed

LAX statistics for January show passenger traffic remains stalled while cargo tonnage is accelerating.

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Xencor Partners With UCLA to Develop New Drugs

Monrovia-based biopharmaceutical company Xencor Inc. has signed a partnership agreement with UCLA’s Technology Development Group to develop new drugs.

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Gene Hale Guides His Company as Well as the Black Business Community

Black Entrepreneurs Month Special Report

For more than a quarter of a century, Gene Hale has been a leader in L.A.’s Black business community.

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Surf Air to Buy Hybrid Engine-Maker Ampaire

Hawthorne-based private aviation company Surf Air Mobility Corp. is going electric.

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Quantgene Raises $6 Million, Sets Marketing Partnership

Quantgene's partnership with Vikor Scientific will help commercialize its liquid biopsy genomic test platform.

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Tetra Tech Snags $25 Million Renewable Energy Contract

Pasadena-based engineering and consulting firm Tetra Tech Inc. was awarded a five-year, $25 million contract by the U.S. Agency for International Development.

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AirVet Pet Telehealth Platform Soars During Pandemic

Growing up the son of a prominent local veterinarian, entrepreneur Brandon Werber never thought he would have to search for a vet for his two French bulldogs.

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Boring Co. Enters Next Phase for Tunnel to Connect Ontario Airport, Metrolink

Hawthorne-based Boring Co. on Feb. 3 gained approval from the San Bernardino County Transportation Authority.

Avhana Health Is Acquired by Amalgam Rx

Local incubator member and digital health company Avhana Health Inc. has been acquired by Wilmington, Del.-based digital medicine products company Amalgam Rx Inc. for an undisclosed sum.

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City of Hope Receives $100 Million Gift

Duarte-based City of Hope has received a $100 million donation from one of its research pioneers, Arthur Riggs.

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Ginsburgs Donate $29 Million to UCLA Health

UCLA Health has received a $29 million gift from philanthropist Allen Ginsburg and his wife Charlotte to establish a center for precision genetic medicine.

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Fulgent, Healthvana Team for Covid Testing in LA County

Fulgent Genetics Inc. and Healthvana Inc. are partnering with Los Angeles County to expand at-home Covid testing.

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Tetra Tech Acquires Canadian Analytics Firm

Pasadena-based engineering and technology consulting firm Tetra Tech Inc. announced on Feb. 3 that it has acquired Canadian chemical and engineering analytics firm Coanda Research and Development Corp.

Metro CEO Talks Covid Impact, Big Projects

The LABJ Interview

Phillip Washington announced last week that he would step down as chief executive of Metro in May after six years overseeing Los Angeles County’s extensive bus and train systems.

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LA Airports Saw 67% Plunge in Passenger Traffic for 2020

Final passenger counts are in for 2020, wrapping up the worst year since World War II for the four commercial airports serving Los Angeles County.

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Metro CEO Washington to Step Down in May

Metro Chief Executive Phillip Washington plans to step down in May after six years leading the regional transit agency through a rail building boom.

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Edison Agrees to Pay $2.2 Billion for Woolsey Fire Claims

Southern California Edison has agreed to pay $2.2 billion to settle insurance companies’ claims from the 2018 Woolsey Fire.

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Orthodontics Firm Byte Is Acquired for $1 Billion

Santa Monica-based direct-to-consumer orthodontics company Byte has been acquired by Charlotte, N.C.-based dental products giant Dentsply Sirona Inc. in an all-cash deal valued at $1.04 billion.

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December Job Losses Cap Worst Year in Decades for LA County

Los Angeles County’s jobs report for December provided a grim capstone for the region’s worst year for jobs in more than eight decades.

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Xencor to Collaborate with Texas Cancer Center

Monrovia-based biopharma company Xencor Pharmaceuticals Inc. has entered into a research collaboration and commercialization agreement with Houston-based University of Texas MD Anderson Cancer Center.

Capricor Signs Drug Development Deal

Beverly Hills-based biopharma company Capricor Therapeutics Inc. made two announcements last month involving collaborative agreements.

Southwest to Add Flight to Maui from Long Beach

Southwest Airlines Co. plans to add a flight to Maui as part of a slate of new flights at Long Beach Airport.

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LAX Passenger Traffic Falls in December

Passenger traffic at LAX declined in December, slipping 2.5% from November and dropping 73.6% from December 2019.

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Health Care Investors Pour More Money Into Fewer Companies

The 2021 Money Issue

The Covid-19 pandemic has boosted overall investment in local bioscience and health care companies, but like so much else in the Covid era, the benefits have not been spread evenly.

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LA Consumers Show Some Signs of Optimism After Record Lows

Consumer sentiment about current business conditions in Los Angeles County during the fourth quarter of 2020 barely budged from the record low levels of the two previous quarters.

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ImmunityBio Gets OK for Covid Vaccine Trial in South Africa

Culver City-based ImmunityBio Inc. announced Jan. 19 that it has received authorization from South African health officials to begin clinical trials of its Covid-19 vaccine candidate in that country.

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L.A. County Employer Payrolls Plunged in December

Employers in Los Angeles County shed 24,000 payroll jobs in December, according to figures released Jan. 22.

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Long Beach Airport May Postpone Terminal Projects

Plunging revenue as a result of the Covid-19 pandemic may force Long Beach Airport to postpone a long-awaited upgrade.

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AECOM Kicks Off 2021 With Move, Key Sale

The new year has been busy for local infrastructure consulting firm AECOM.

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More Delays for Crenshaw-LAX Train Line

Metro’s often delayed $2.15 billion Crenshaw-LAX light rail line was supposed to be undergoing final testing by now in preparation for a May opening.

LAX Bond Rating Holds Steady for Now

Passenger traffic at Los Angeles International Airport plunged last year because of the pandemic.

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Cryptocurrency, Biotech Set the Pace in a Solid Year for LA Stocks

It was a year that will be remembered for a pandemic, an economic downturn and social justice protests, but for many publicly traded companies in Los Angeles, 2020 will also go down as a period of strong gains in the equities markets.

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Biostrap Sets Partnership With Children’s Hospital LA

Biostrap USA has entered into a research partnership with Children’s Hospital Los Angeles to help analyze sickle cell anemia patients.

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Air Passenger Counts Are Tanking, But Air Lease Is Flying High

The industry that Century City-based Air Lease Corp. operates in is in critical condition.

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Waste to Fuel Company Changes Leadership

WasteFuel Holdings, which is developing technology to create aviation fuel from municipal waste, has changed its leadership.

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FDA Clears Avenda’s Laser Technology for Urology Treatments

Santa Monica-based Avenda Health Inc., a software and medical device company that spun out of UCLA, has received FDA clearance for its laser ablation technology.

ImmunityBio, NantKwest Deal Boosts Immunotherapy Platform

When billionaire biotech mogul Patrick Soon-Shiong announced in late October that he was stepping aside as chief executive of El Segundo-based biotech firm NantKwest Inc., the decision was presented as a move by Soon-Shiong to spend more time on his many other endeavors, including the pursuit of a Covid-19 vaccine.

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UI Medical Readies for Walmart Product Rollout

Long Beach-based UI Medical’s innovative diaper-like continence products for men will soon appear on shelves at Walmart.

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Latest Covid Surge Hits Airports Hard

Local airports’ climb back from the coronavirus-induced plunge in passenger traffic last spring stalled in November as a fresh surge in Covid-19 cases prompted a new round of travel warnings.

Kite Cleared to Market Cancer Treatment in EU

Santa Monica-based pharmaceutical company Kite was granted conditional marketing authorization within the European Union for its new drug Tecartus, which is used to treat a rare form of lymphoma.

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LA May See Job Growth Decline

Los Angeles County’s jobs report for November showed a continued bounce back from spring’s pandemic-induced lockdown, along with a dose of seasonal hiring.

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Fulgent Wins Extension of New York Covid Testing Contract

Fulgent Genetics Inc. has been awarded an extension of its contract for Covid-19 testing for New York City’s public schools.

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Book of Lists Profile: Fulgent Genetics Rises to the Covid Testing Challenge

Temple City-based Fulgent Genetics Inc. entered 2020 as a small, niche genetic testing company that was poised for significant growth.

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AECOM Wins $41 Million Wastewater Contract

Century City-based infrastructure consulting giant AECOM announced Dec. 16 that it has been awarded a $41 million contract to upgrade a wastewater treatment plant in Carson that serves 5 million L.A. County residents and tens of thousands of businesses.

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Virtual Visits Surge for LA’s Teledentistry Companies

A pandemic-induced turn away from in-person dentist visits has given a lift to L.A.’s fledgling teledentistry industry.

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L.A. County Unemployment Rate Falls to 11% in November

L.A. County’s unemployment rate fell to 11% in November from a revised 12% in October amid seasonal hiring gains in retail and logistics.

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Covid Test Maker Innova Acquires Pomona Lab

Pasadena-based Innova Medical Group Inc., which makes rapid antigen test kits, has acquired Pomona-based Biological Laboratory Inc.

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Radiology Partners Completes $885 Million Acquisition

El Segundo-based Radiology Partners Inc. completed its acquisition of Mednax Radiology Solutions for about $885 million.

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