Stories by Howard
GoodRx Holdings Inc. founders Doug Hirsch and Trevor Bezdek are positioned to reap handsome rewards from the planned initial public offering of their Santa Monica-based prescription drug price shopping platform.
Shares of Pasadena-based Arrowhead Pharmaceuticals Inc. shot up 40% last week on news of positive preliminary results from a clinical trial for the company’s drug to treat a rare liver disease.
Electric car drivers, a charging station will soon be arriving near you.
Mid-Wilshire-based 8minute Solar Energy has secured its third recent deal to build a major solar power generation and storage plant in the Central Valley.
Los Angeles World Airports, the city agency that oversees Los Angeles International Airport, took a major step forward this month on roadway and utility improvements that are part of a $5.5 billion plan to improve ground access to LAX.
Angelenos seeking alternatives to Los Angeles International Airport will soon find Southwest Airlines Co. has become the dominant player at the other regional airports serving L.A. County.
L.A. County’s unemployment rate fell to 16.1% in August from a revised 17.9% in July.
Santa Monica-based GoodRx Holdings Inc. has priced its initial public offering at between $24 and $28 a share and hopes to raise $570 million from the offering.
El Segundo-based radiology services company Radiology Partners Inc. has agreed to acquire Mednax Radiology Solutions, a division of Sunrise, Fla.-based Mednax Services Inc., for about $885 million.
Hawthorne-based Surf Air Mobility Corp., the subscription private air service that initially specialized in flying execs between Silicon Beach and Silicon Valley, has secured a $200 million investment that is contingent upon the company going public.
SoFi Stadium opened to empty stands but is moving forward with the next phases of its development.
Two months after deciding to abandon Long Beach Airport and make Los Angeles International Airport the focus of its Southern California operations, JetBlue Airways Corp. announced it is adding seven flights at LAX.
American Airlines will relaunch its LAX-to-Sydney service in November, eight months ahead of the carrier's previously planned restart.
Domestic air travel has been slowly picking up at L.A.-area airports, but international air traffic remains stalled as foreign travelers steer clear of the coronavirus threat in Southern California.
Southwest is the new dominant airline at Long Beach Airport.
Temple City-based genetic testing company Fulgent Genetics Inc. has begun Covid-19 testing at a new facility in Houston — its first testing lab outside of California.
Westwood-based Puma Biotechnology Inc. has published interim results for a study tied to its main drug Nerlynx, an early stage breast cancer treatment that was approved three years ago by the Food and Drug Administration.
Santa Monica pharmaceutical concern Kite is partnering with HiFiBiO Inc. to develop therapies to treat acute myeloid leukemia.
Shares of Fulgent Genetics Inc. jumped more than 11% on Sept. 3 following announcements about expanded Covid-19 testing.
Health care communications company TigerConnect Inc. has acquired Adjuvant Technologies, the operator of a physician scheduling platform.
Herbalife Nutrition Ltd. has agreed to pay $123 million to settle federal charges that it bribed Chinese officials.
A small company in Mar Vista, Wellth Inc., pays people each month for taking their medications, helping offset preventable health care costs.
A diverse economy helps LA weather the coronavirus storm
Many companies in different industries were able to post significant gains in L.A. County during the pandemic so far, a sign of the local economy’s inherent strength.
The snapshot of L.A.’s economy in July was a good news, bad news story.
Domestic passenger traffic at Los Angeles International Airport in July continued to recover from pandemic-induced lows.
Plans for a $5 billion high-speed rail line to connect Southern California to downtown Las Vegas have taken several steps forward in recent weeks.
A huge new sports and entertainment complex is taking shape in Inglewood, and it includes the new SoFi Stadium, a newly remodeled Forum and a proposed arena for the Los Angeles Clippers.
Amid all the devastation in the air travel industry, Century City-based Air Lease Corp. stands out as a good news story.
After nearly a decade of planning and site preparation work, the $5.5 billion program to improve ground access to Los Angeles International Airport is now moving full throttle.
L.A. County’s unemployment rate declined to 17.5% in July from 19.4% in June.
The Port of Los Angeles has awarded a $52 million construction contract to build the long-awaited Wilmington Waterfront Promenade.
Molina Healthcare Inc. is pledging $150 million toward a new community health initiative.
SoFi Stadium, the largest stadium built in Los Angeles County in nearly a century, officially arrives this month after years of development.
El Segundo-based NantKwest Inc. and Sawtelle-based stem cell bank operator Generate Life Sciences Co. are collaborating on a stem cell-based treatment against Covid-19, the two companies announced Aug. 10.
Two San Gabriel Valley biopharmaceutical companies recently announced that they had received substantial milestone payments from licensing and development deals with pharmaceutical giants.
Three Los Angeles County hospitals once again placed among the nation’s top 20 in annual rankings compiled by U.S. News & World Report.
Downtown-based water infrastructure development company Cadiz Inc. has filed to raise up to $150 million through a mixed-shelf offering.
Passenger traffic at the four airports serving Los Angeles County plunged 58% during the first half of 2020, their worst six-month performance on record as Covid-19 slammed the air travel industry.
Ophthalmologist Diana Shiba has been elected as the first Asian American woman president of the Los Angeles County Medical Association.
Earnings for Fulgent Genetics Inc. increased 10-fold, and revenue doubled in the second quarter.
Researchers from the UCLA Jonsson Comprehensive Cancer Center have been awarded a $2.97 million grant from the National Cancer Institute.
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.
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.
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.
After a wait of decades, work is about to begin on connecting Los Angeles International Airport to L.A.’s rail system.
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.
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.
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.
Prime Healthcare received approval from state Attorney General Xavier Becerra to purchase St. Francis Medical Center.