Los Angeles Business Journal


Recent and archived news stories on: Biotechnology, Doctors, Drugs, Health Insurance, HMO's/PPO's, Hospitals, Medical Devices, Nursing...

Hospital CEO Nurses Stability as Payments Fall

HEALTH CARE: Donors help Cedars cope with research funding falloff.Chief Exec Tom Priselac shares his prognosis for Cedars-Sinai in a time of sinking reimbursements.

By Marni Usheroff May 4, 2015 midnight   $$ Share

Hawthorne Woman Sentenced in Medicare Scam

A Hawthorne woman has been sentenced for submitting more than $7 million through her company in fraudulent claims to Medicare primarily for power wheelchair that patients did not need.

City Charges a Hawaiian Gardens Hospital With Patient Dumping

City Attorney Mike Feuer has filed a lawsuit against Gardens Regional Hospital and Medical Center Inc. for alleged patient dumping on Skid Row.

Kythera Drug Gets FDA Approval

A fat-dissolving drug from Kythera Biopharmaceuticals Inc. that reduces double chins was approved by the Food and Drug Administration Wednesday.

Anthem Finishes $1.1 Million Drought-Tolerant Landscaping

Anthem Blue Cross on Monday showed off a $1.1 million landscaping project at its Woodland Hills offices that replaced an expansive lawn with drought-tolerant plants.

USC Keck to Eliminate 92 Jobs as Expenses Rise

USC Keck School of Medicine said it would eliminate 92 positions across the organization.

Nurses Authorize Two-Day Strike of Kaiser, Providence

The California Nurses Association is calling on more than 2,400 nurses to strike Providence Health and Services hospitals in Santa Monica and Torrance and at Kaiser Permanente’s Los Angeles Medical Center next week over staffing levels and retention rates.

Life Science Incubator Finds Home in Monrovia

Fledgling life science incubator Lab Launch Inc. has signed a lease for almost 11,000 square feet in the heart of Monrovia.

Anthem’s California Chief Departs

The president of Anthem Blue Cross in California is leaving the insurer for a different gig in the health care industry.

Arrowhead Shares Rise on Study Greenlight

Shares of biopharmaceutical company Arrowhead Research Corp. rose 1.1 percent to $8 Monday on news that the Food and Drug Administration has greenlit a new clinical study of the Pasadena firm’s most advanced drug candidate.

Briefs: Medbox Climbs, LMU Names New President, Kirk Douglas Donates

Medbox Climbs Medbox Inc. shares jumped 17 percent on Friday to $1.65 after the West Hollywood marijuana dispensing firm filed its first annual report and first regulatory filing since restating previous years’ financials.

POLL: Is your business all square with Obamacare?

Every week the Los Angeles Business Journal asks readers their views on a variety of business and economic issues. A running tally is available on the site and later will be published in the Commentary section of our print edition. Our latest poll is available on the bottom right column of our home page.

Local Woman Wins $28 Million From Kaiser

A jury awarded a Chatsworth woman $28 million on Thursday after agreeing that Kaiser Permanente’s Woodland Hills facility bungled the treatment for what turned out to be a cancerous tumor, according to the woman’s law firm.

Briefs: Kite Pharma Sinks on Q4 Loss, Arts District Site Sells for $130 Million

Kite Pharma’s Shares Fall After Q4 Loss Despite detailing a year full of landmark deals in its 2014 earnings report, Santa Monica biotech firm Kite Pharma Inc.’s shares fell 7.26 percent to $57.75 on Thursday.

VCA Buys Vet Lab for $21 Million

VCA Inc. announced Friday that its lab division, Antech Diagnostics Inc., has agreed to buy the assets of Abaxis Veterinary Reference Laboratory from medical products company Abaxis Inc. of Union City for $21 million in cash.

Amgen Loses Bid to Halt Biosimilar

A federal judge on Thursday denied Amgen Inc.’s bid to stop the sale of a biosimilar form of Neupogen, the company’s infection-fighting blockbuster drug for cancer patients.