HEALTH CARE

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

Charles Drew Receives $800,000 Grant

Charles Drew University has received an $800,000 grant from the California Endowment to help the school develop a new medical degree program and a new medical education building.

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Cedars-Sinai Receives $20 Million Gift

Cedars-Sinai received a $20 million gift from the co-founder of digital navigation company Garmin to create an autoimmune disease institute.

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Prospect Fights Hostile Offer

Health Care: Prime pursues Palms medical group

Palms-based hospital and physician group Prospect Medical Holdings Inc. is facing a hostile takeover attempt from one of the biggest hospital chains in the country, Prime Healthcare Services.

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Arrowhead Pharmaceuticals Looks to Raise $232 Million

Pasadena biotech firm Arrowhead Pharmaceuticals Inc. set an offering of 4 million shares, seeking to raise up to $232 million to fund operations and strategic investments.

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Herbalife Opens Training Center in China

Downtown-based Herbalife Nutrition Inc. has opened the first of four training centers in China for its customers and distributors.

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Geffen Donates Another $46 Million to UCLA

Entertainment mogul David Geffen donated an additional $46 million to the UCLA medical school that bears his name, the university announced Dec. 2.

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Arrowhead Shares Surge on Big Pharma Acquisition, Positive Earnings

Arrowhead Pharmaceuticals shares surged Nov. 25 as investors reacted to positive earnings and news of a major acquisition in the pharma category.

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Arrowhead Hits the Mark

BIOTECH: New approach pulls company back from brink

Arrowhead Pharmaceuticals’ new approach leads to a rebound.

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RadNet Joins S&P Small Cap 600

Diagnostic imaging firm partners with AI company

RadNet stock jumps after it is added to the Small Cap 600 stock index.

Tumor Tool Gets OK

NantHealth device wins approval from FDA

NantHealth Inc. receives FDA approval for a genetic mapping tool.

Fulgent Enters Home Market

HEALTH CARE: Genetic testing kits bypass doctor visits

Fulgent Genetics enters the market for at-home genetic tests.

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Herbalife Names Agwunobi as CEO

HEALTH CARE: Activist investor Carl Icahn raises his stake in the company to 24%

Herbalife Nutrition announces John Agwunobi will become its next CEO.

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Molina Hit by Big Loss

HEALTH CARE: Insurer downgraded after Texas cuts

Molina Healthcare loses a major Medicaid contract in Texas.

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Eyewear Service Lensabl Raises $4 Million, Adds Frames, Contacts

Lensabl raised a $4 million funding round as it looks to move into the contact lens and frame business

Vet Cinic Startup Modern Animal Raises $13.5 Million

Modern Animal, a startup that wants to revamp veterinary clinics for the digital age, has raised $13.5 million in seed funding.

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