Los Angeles Business Journal


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

Herbalife Discusses Board Nominees with Icahn

Herbalife Ltd. on Thursday said that it would postpone next month's annual shareholder meeting for five days so it can continue discussions with Carl Icahn about adding more of his nominees to the company's board.

FTC Opens Herbalife Probe

Shares of Herbalife fell more than 7 percent on Wednesday after the company disclosed that the U.S. Federal Trade Commission has opened an inquiry into its operations, which have been under attack by an activist hedge fund manager.

Kythera Regains Global Rights to Chin-Fat Drug

Shares of Kythera Biopharmaceuticals Inc. rose more than 4 percent Tuesday after the Calabasas company said it has regained global marketing rights to its fat-dissolving drug.

Apollo Medical Starts Clinic Business

Apollo Medical Holdings Inc. announced the launch of a new business that will own doctor clinics.

Herbalife Applauds Ackman Expose

Herbalife Ltd. on Monday pointed triumphantly to a New York Times article that provided evidence the company’s leading critic was launching a smear campaign against the L.A. nutritional supplements company for his own advantage.

Survey: Local Large Health Insurers Rank Low in Satisfaction

Two health insurers based in Los Angeles County ranked poorly in customer satisfaction compared to other competitors in the state, according to a new J.D. Power & Associates report.

Medical Imaging Business Looks Good to Investors

HEALTH CARE: RadNet’s shares rise after company beats analyst expectations.

Imaging company RadNet looks good to investors after a healthy fourth quarter.

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Biometric Devices Deliver Healthy Funding Round

HEALTH CARE: Scanners pull in $10.7 million for UCLA off-shoot company.

Bruin Biometrics, a UCLA spinoff developing biometric diagnostic sensing devices, completed a $10.7 million funding round late last month, the largest since the Westwood company’s founding in 2009.

Gores Group and Partner Acquire Medical Device Company

The Gores Group and Orange County partner Technology4Medicine have acquired Fotona, a company in Ljubljana, Slovenia that makes medical lasers.

Mann Foundation Launches Medical Device Start-Up

The Alfred Mann Foundation on Wednesday said that it will create a new medical device company called Medallion Therapeutics Inc. that will aim to provide targeted delivery solutions for pharmaceuticals and biologic therapies.

L.A. Council Passes E-Cig Restrictions

The Los Angeles City Council voted on Tuesday to ban smoking of electronic cigarettes at all public buildings and restaurants, as well as at parks, playgrounds, beaches, libraries and public schools in the city.

RadNet Reverses Loss in Fourth Quarter

Shares of RadNet Inc. jumped 18 percent on Monday after the medical imaging services company said it reported a profitable fourth quarter.

Providence Approved to Take Over Saint John’s Health Center

Providence Health & Services, Southern California on Thursday said it has received approvals from church and state officials to take over Santa Monica's Saint John’s Health Center and the John Wayne Cancer Institute from SCL Health System.

ImmunoCellular Drug Gets “Orphan’ Status in Europe

Shares of ImmunoCellular Therapeutics Ltd. jumped 14 percent on Tuesday after the Woodland Hills biotech said European drug regulators granted “orphan” status to its experimental brain cancer drug.

Calderon Brothers Indicted in Corruption Probe

Federal authorities today announced multiple indictments against state Sen. Ron Calderon and his brother, former Assemblyman Tom Calderon, related to the senator’s alleged acceptance of about $100,000 in bribes.