Los Angeles Business Journal


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

Earnings Roundup: J2 Global, Oaktree, VCA Antech

J2 Global Inc. shares jumped 19 percent in after-hours trading Thursday after the Hollywood company reported better-than-expected adjusted profit and gave optimistic future guidance. Oaktree Capital Group on Thursday said its fourth-quarter profit rose 65 percent. VCA Antech Inc. said that it moved to profit in its fourth quarter as revenue from its veterinary clinics and laboratories grew.

Puma Prices Stock Offering

Puma Biotechnology Inc. early Tuesday priced a public offering of 979,592 common shares at $122.50 a share, 2.6 percent below its later closing price.

Obamacare Prep Hits Health Net's Quarter

Health Net Inc. reported fourth quarter earnings Tuesday that missed Wall Street expectations, as the company saw a bump in costs associated with the new Affordable Care Act.

Molina Slips to Loss

Shares of Molina Healthcare Inc. fell more than 5 percent on Tuesday, a day after the Medicaid managed care provider said it moved to a loss in the fourth quarter on increased expenses and a retroactive rate reduction in Washington state.

Amgen, Merck to Collaborate on Cancer Drugs

Clinical trials will begin this fall for an advanced melanoma drug developed in a collaboration of Amgen Inc. and Merck & Co. Inc.

Herbalife Increases Share Buyback

Herbalife announced early Monday it is increasing its share buyback program by $500 million, to $1.5 billion. The buyback is being financed by selling $1 billion of convertible bonds.

CytRx Hopes to Raise $75 Million in Stock Offering

West L.A. biotech firm CytRx Corp. has announced a $75 million public stock offering.

Amgen Earnings Rise

Amgen on Tuesday reported fourth-quarter results that beat earnings expectations on a pro forma basis that excludes acquisition costs.

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Tackling Football Injuries

Iron Neck exercises muscles to help protect head in collisions.

Sports: Mission Competition’s Iron Neck exercise device looks to head off football injuries.

Soon-Shiong Joins Huffington Publication

Arianna Huffington has signed West L.A. billionaire Dr. Patrick Soon-Shiong as contributing editor in healthcare and technology to her new World Post online publication.

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Kombucha Craze Has Soda Firm Ready to Pop

Beverages: Sales of Asian tea drink projected to double; Reed’s may attract buyout.

Reed’s Inc. has been riding the wave of the kombucha craze. But that means bigger drinkmakers might want to swallow it up.-

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Fitness Company Pumps Up Its Teacher Training

HEALTHCARE: Santa Monica firm sets up Beachbody Live to certify new instructors.

Direct marketer Beachbody made its name bringing the health club experience to the living room.

Amgen Announces Partnerships

Amgen Inc. on Wednesday announced two partnerships that the Thousand Oaks biotech hopes will eventually expand its product offerings to treat bowel disorders and colorectal cancer.

NantWorks Announces Two Health Care Partnerships

Two units of Dr. Patrick Soon-Shiong’s NantWorks holding company have announced new collaborations in health information technology and cancer drug development.

LTC Drops Assisted-Living Operators

LTC Properties Inc. said Tuesday that it will not renew leases with two Wisconsin firms that operate more than a third of its assisted-living facilities.