Los Angeles Business Journal

LA HEALTHCARE

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

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.

Fundraiser Ready to Sit and Spin

Tour de Pier to set up stationary bikes by beach for benefit.

Tour de Pier offers a different spin on cancer fundraisers with its stationary-bike benefit by the beach.

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High Times

Soaring stock mints first legal pot billionaire

Marijuana dispensing machine maker Medbox has turned into a pot of gold for its newly minted billionaire owner.

FDA Panel to Consider Afrezza in April

Mannkind Corp. said that a Food and Drug Administration advisory committee is scheduled on April 1 to review an updated application for its Afrezza inhalable insulin product.

Ceres Reports Loss; Simulations Plus Sees Profit

Energy crop developer Ceres Inc. reported deeper losses than expected, but beat Wall Street's revenue expectations. Software maker Simulations Plus Inc. announced fiscal first quarter results that also beat analysts' revenue estimates.

CytRx Shares Rise on Cancer Drug Data

Shares of CytRx Corp. rose 6 percent on Wednesday after the biotech company released additional data from a human study of its highly anticipated experimental cancer treatment.

JustFab’s Chief Named in FTC Action

When the Federal Trade Commission announced late last year that it was going to crack down on deceptive weight loss campaigns, the assumption was that Herbalife Inc. would be the most likely local company to be singled out.

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In The Pink

Special Report Year In Review: Biotech sector booms; markets bloom

It was the year of the biotech bonanza in Los Angeles. Of this year’s top five share-price gainers on the LABJ Stock Index, three were from that sector, led by Westwood’s Puma Biotechnology Inc.

Medical Center Will Put New Partnership to Tests

HealthCare: CHA to help Parexel line up patients for clients’ drug trials.

CHA Hollywood Presbyterian Medical Center has formed a partnership with a company that helps drug companies run their clinical trials

Arrowhead Reports Smaller Loss

Arrowhead Research Corp. late Wednesday reported a narrower fourth quarter loss, largely due to the Pasadena biotech having more shares outstanding than a year earlier.

Herbalife Shares Jump on Re-Audit Results

Shares of Herbalife Ltd. rose more than 9 percent on Monday after the nutritional supplement company said a re-audit of more than three years of its financial results found no material changes to earlier statements.

Cigna to Keep Local Offices in Glendale

Health care insurer Cigna Corp. has agreed to a six year extension of its lease in Glendale in a deal with an estimated value of $11.5 million.

Porn Productions Have Safety Covered

OP-ED

Entertainment: Ed Krayewski finds little merit in modest arguments for condom use in porn productions.

Safety-based Moratorium Lifted on Adult Film Production

A moratorium on adult film production in the Los Angeles area was lifted Friday after tests were completed on partners of an adult performer who tested positive for HIV.

Justice Department Accuses IPC of Billing Fraud

The Justice Department is taking over a private whistleblower lawsuit against IPC The Hospitalist Co. Inc., alleging the company overbilled the government’s Medicaid and Medicare programs, the department announced Monday.