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Howard Fine

Stories by Howard

GoodRx Founders Poised for Big Gains From IPO

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.

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Arrowhead’s Liver Drug Shows Early Promise

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.

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Edison to Build 38,000 EV Charging Stations

Electric car drivers, a charging station will soon be arriving near you.

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8minute Solar Signs Another Major Deal

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.

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LAX Awards $335 Million Ground Access Contract

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.

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Southwest to Become Dominant Carrier at LA Airports

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.

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L.A. County Unemployment Falls in August

L.A. County’s unemployment rate fell to 16.1% in August from a revised 17.9% in July.

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GoodRx Seeks to Raise $570 Million in IPO

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.

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Radiology Partners to Acquire Mednax for $885 Million

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.

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Surf Air Secures $200 Million in Funding Ahead of IPO

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.

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Kroenke’s Rams Kick Off SoFi Stadium Era in Inglewood

SoFi Stadium opened to empty stands but is moving forward with the next phases of its development.

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JetBlue to Add Flights at LAX

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.

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American Moves Up Restart of LAX-to-Sydney Flight

American Airlines will relaunch its LAX-to-Sydney service in November, eight months ahead of the carrier's previously planned restart.

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International Traffic Remains Stalled for LA Airports

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.

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Southwest Airlines Picks Up Long Beach Slots From JetBlue

Southwest is the new dominant airline at Long Beach Airport.

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Fulgent Opens First Covid-19 Lab Outside California

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.

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Puma Study Probes Nerlynx Side Effects

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.

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Kite Partners to Develop Leukemia Treatments

Santa Monica pharmaceutical concern Kite is partnering with HiFiBiO Inc. to develop therapies to treat acute myeloid leukemia.

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Fulgent Shares Soar on Covid Testing Announcements

Shares of Fulgent Genetics Inc. jumped more than 11% on Sept. 3 following announcements about expanded Covid-19 testing.

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TigerConnect Acquires Physician Scheduling Platform

Health care communications company TigerConnect Inc. has acquired Adjuvant Technologies, the operator of a physician scheduling platform.

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Herbalife Settles Chinese Bribery Case for $123 Million

Herbalife Nutrition Ltd. has agreed to pay $123 million to settle federal charges that it bribed Chinese officials.

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Wellth App Pays Patients to Take Their Medication

A small company in Mar Vista, Wellth Inc., pays people each month for taking their medications, helping offset preventable health care costs.

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2020 Largest Employers Special Report

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.

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LA County Jobs Data Mixes Good News With Bad

The snapshot of L.A.’s economy in July was a good news, bad news story.

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Domestic Traffic Continues to Rebound at LAX

Domestic passenger traffic at Los Angeles International Airport in July continued to recover from pandemic-induced lows.

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Brightline Bets on High-Speed Rail From LA to Vegas

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.

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Inglewood Plans People Mover Project to SoFi Complex

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.

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Air Lease Is Flying High Despite Airline Industry’s Troubles

Amid all the devastation in the air travel industry, Century City-based Air Lease Corp. stands out as a good news story.

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LAX Expansion Projects Are Taking Off

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.

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LA County Unemployment Falls to 17.5% in July

L.A. County’s unemployment rate declined to 17.5% in July from 19.4% in June.

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Port of LA Awards $52 Million Contract for Waterfront Promenade

The Port of Los Angeles has awarded a $52 million construction contract to build the long-awaited Wilmington Waterfront Promenade.

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Molina Healthcare Pledges $150 Million for Community Health Initiative

Molina Healthcare Inc. is pledging $150 million toward a new community health initiative.

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SoFi Stadium Is Ready for Everything but Fans

SoFi Stadium, the largest stadium built in Los Angeles County in nearly a century, officially arrives this month after years of development.

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NantKwest Teams With Stem Cell Company on Covid-19 Treatment

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.

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Licensing Deals Pay Off for Arrowhead, Xencor

Two San Gabriel Valley biopharmaceutical companies recently announced that they had received substantial milestone payments from licensing and development deals with pharmaceutical giants.

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UCLA, Cedars Earn High Marks in National Hospital Rankings

Three Los Angeles County hospitals once again placed among the nation’s top 20 in annual rankings compiled by U.S. News & World Report.

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Cadiz Looks to $150 Million Mixed-Shelf Offering

Downtown-based water infrastructure development company Cadiz Inc. has filed to raise up to $150 million through a mixed-shelf offering.

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LA Airports See Massive Drop in First-Half Traffic

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.

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LA County Medical Association Names Shiba as President

Ophthalmologist Diana Shiba has been elected as the first Asian American woman president of the Los Angeles County Medical Association.

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Fulgent Earnings Soar on Covid Testing Surge

Earnings for Fulgent Genetics Inc. increased 10-fold, and revenue doubled in the second quarter.

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UCLA Cancer Researchers Land $3 Million Grant

Researchers from the UCLA Jonsson Comprehensive Cancer Center have been awarded a $2.97 million grant from the National Cancer Institute.

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Heal to Partner With Humana After $100 Million Investment

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.

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GoodRx Adds Telehealth to Its Comparison-Shopping Platform

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.

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NantHealth Acquires Data Company OpenNMS

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.

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LAX Passenger Traffic Down 87% in June

The toll from the Covid-19 pandemic continued at LAX in June as passenger traffic fell 87% from year-earlier levels.

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Work on Delayed Metro-LAX Connector Project to Begin Soon

After a wait of decades, work is about to begin on connecting Los Angeles International Airport to L.A.’s rail system.

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LA Biotech Companies Post Huge Year-Over-Year Gains

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.

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L.A.’s Publicly Traded Companies Underperform Broader Market

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.

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AECOM Secures Contract for Thames Tunnel Project

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.

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Prime Healthcare Deal for St. Francis Is Approved

Prime Healthcare received approval from state Attorney General Xavier Becerra to purchase St. Francis Medical Center.

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