Stories by Howard
With two recent acquisitions under its belt, Pasadena-based startup Innova Medical Group Inc. is ramping up procurement and production of rapid antigen tests.
Beverly Hills-based biotech firm Capricor Therapeutics Inc. is about to start work on an entirely new type of Covid-19 test.
LAX statistics for January show passenger traffic remains stalled while cargo tonnage is accelerating.
Monrovia-based biopharmaceutical company Xencor Inc. has signed a partnership agreement with UCLA’s Technology Development Group to develop new drugs.
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.
Hawthorne-based private aviation company Surf Air Mobility Corp. is going electric.
Quantgene's partnership with Vikor Scientific will help commercialize its liquid biopsy genomic test platform.
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.
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.
Hawthorne-based Boring Co. on Feb. 3 gained approval from the San Bernardino County Transportation Authority.
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.
Duarte-based City of Hope has received a $100 million donation from one of its research pioneers, Arthur Riggs.
UCLA Health has received a $29 million gift from philanthropist Allen Ginsburg and his wife Charlotte to establish a center for precision genetic medicine.
Fulgent Genetics Inc. and Healthvana Inc. are partnering with Los Angeles County to expand at-home Covid testing.
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.
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.
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.
Metro Chief Executive Phillip Washington plans to step down in May after six years leading the regional transit agency through a rail building boom.
Southern California Edison has agreed to pay $2.2 billion to settle insurance companies’ claims from the 2018 Woolsey Fire.
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.
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.
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.
Beverly Hills-based biopharma company Capricor Therapeutics Inc. made two announcements last month involving collaborative agreements.
Southwest Airlines Co. plans to add a flight to Maui as part of a slate of new flights at Long Beach Airport.
Passenger traffic at LAX declined in December, slipping 2.5% from November and dropping 73.6% from December 2019.
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.
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.
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.
Employers in Los Angeles County shed 24,000 payroll jobs in December, according to figures released Jan. 22.
Plunging revenue as a result of the Covid-19 pandemic may force Long Beach Airport to postpone a long-awaited upgrade.
The new year has been busy for local infrastructure consulting firm AECOM.
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.
Passenger traffic at Los Angeles International Airport plunged last year because of the pandemic.
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.
Biostrap USA has entered into a research partnership with Children’s Hospital Los Angeles to help analyze sickle cell anemia patients.
The industry that Century City-based Air Lease Corp. operates in is in critical condition.
WasteFuel Holdings, which is developing technology to create aviation fuel from municipal waste, has changed its leadership.
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.
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.
Long Beach-based UI Medical’s innovative diaper-like continence products for men will soon appear on shelves at Walmart.
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.
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.
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.
Fulgent Genetics Inc. has been awarded an extension of its contract for Covid-19 testing for New York City’s public schools.
Temple City-based Fulgent Genetics Inc. entered 2020 as a small, niche genetic testing company that was poised for significant growth.
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.
A pandemic-induced turn away from in-person dentist visits has given a lift to L.A.’s fledgling teledentistry industry.
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.
Pasadena-based Innova Medical Group Inc., which makes rapid antigen test kits, has acquired Pomona-based Biological Laboratory Inc.
El Segundo-based Radiology Partners Inc. completed its acquisition of Mednax Radiology Solutions for about $885 million.