Recent and archived news stories on: biotechnology, pharmaceutical companies, health insurance companies, hospitals, medical devices, medical groups

Local Biomed Companies Using New Tech to Combat Covid-19

A pair of San Gabriel Valley biomed companies have announced progress in technologies that can be used to fight Covid-19.

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Fulgent Readies Covid-19 Test

Company will seek FDA approval soon

Shares of Temple City-based genetic testing company Fulgent Genetics Inc. soared March 17 as it announced the launch of a new genetic test for detecting the Covid-19 virus.

Cedars-Sinai, Huntington Reach Partnership Pact

Hospitals will share resources, research

Cedars-Sinai Health System and Pasadena Hospital, also known as Huntington Memorial Hospital, have agreed to share medical and research resources.

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LA BioSpace Names First Director

Cal State LA facility will anchor bioscience corridor

Local bioscience entrepreneur Alan Horsager has been named the first director for LA BioSpace, the soon-to-open bioscience incubator at Cal State Los Angeles.

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KabaFusion Expands

Lincare purchase increases pharmacy footprint

Cerritos-based KabaFusion has expanded by acquiring the home infusion operations of Lincare Holdings Inc. of Clearwater, Fla.

RadNet to Acquire Radiology AI Company DeepHealth

Sawtelle diagnostic imaging company RadNet Inc. announced March 11 it has agreed to buy Cambridge, Mass.-based radiology artificial intelligence company DeepHealth Inc. in a stock deal.

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Cloudbreak Gets $10M Investment

Firm will expand telemedicine services

Cloudbreak Health, an El Segundo-based interpreter service for the medical industry, has received $10 million in funding from Columbia Partners Private Capital of Bethesda, Md.

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Puma Shares Slip as Sales of Cancer Drug Fall

Shares of Pasadena-based Puma Biotechnology Inc. fell after the company revealed that sales of its breast cancer treatment drug, Nerlynx, declined during the fourth quarter.

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Herbalife Sees Coronavirus Impact

Company anticipates disruption in operations for quarter, year

Count downtown-based nutrition supplement company Herbalife Nutrition Ltd. as another company feeling the impact of the rapid spread of the Covid-19 coronavirus throughout China.

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OC’s Hoag Moves Into LA County

Institute acquires surgery center in Marina del Rey

Hoag Memorial Hospital Presbyterian, one of Orange County’s largest hospital and health care networks, is entering the Los Angeles County market.

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ChromaDex Expands Pact

Nestlé service will boost company’s supplement

The world’s largest food and beverage company has agreed to flex more of its marketing muscle for a product from Westwood-based nutrition company ChromaDex Inc.

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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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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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