San Fernando Valley Business Journal


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

SPECIAL REPORT: Healthy Opportunity

Developer checks in to Antelope Valley with hospital-adjacent wellness center.L.A. developer John Thomas proposes a health care oasis in Antelope Valley’s high desert.

By Carol Lawrence February 8, 2016 midnight   $$ Share

Amgen Announces Incubator 'Golden Ticket' Winners

Amgen Inc. announced Thursday its new five-year sponsorship of a San Francisco life sciences incubator called QB3@953, which focuses on developing new human health therapies.

ApolloMed Lands Salinas Hospital Deal

Health management company Apollo Medical Holdings Inc. announced Tuesday that its affiliate medical group ApolloMed Hospitalists has been contracted to provide its services to Salinas Valley Memorial Hospital in Salinas in the Monterey Bay area.

Amgen Names New Operations Manager

Amgen Inc. on Friday announced that the company has appointed Esteban Santos as its new executive vice president of operations, beginning July 25.

Avita Medical Appoints Local COO

Avita Medical Ltd. announced Monday that it has appointed Troy Barring as its chief operating officer.

Ceres Acquired by Land O’ Lakes

Forage-seed developer Ceres Inc. on Friday announced it will be acquired by agriculture and food business Land O’ Lakes Inc. in an all-cash transaction valued at approximately $17.2 million.

MannKind to Collaborate on Diabetes Research

MannKind Corp. announced Friday that it has entered into a collaborative contract with New York-based JDRF, a nonprofit formerly known as the Juvenile Diabetes Research Foundation.

Second Sight Rises on Fox News Report

Second Sight Medical Products Inc.’s stock on Thursday traded at five times its average volume – and its price jumped more than 20 percent – after a Fox News story aired about the company’s primary medical device, the Argus II Retinal Prosthesis System.

Northridge Hospital Appoints Staff President

Vascular surgeon Dr. Shawki Saad has been elected as the new president of medical staff at Northridge Hospital Medical Center.

Growth Slows for Simulations Plus

Simulations Plus Inc. announced Tuesday preliminary revenues for its fiscal third quarter, showing growth of less than 1 percent.

Second Sight Scores $19 Million From New Offering

Second Sight Medical Products Inc. on Wednesday announced it has completed its May 13 rights offering to existing shareholders, which was oversubscribed.

Justice Department Sues Prime Healthcare

The U.S. Department of Justice on Wednesday announced that it has filed a Medicare-fraud lawsuit against Prime Healthcare Services Inc. of Ontario, which owns two Valley hospitals — Encino Hospital Medical Center and Sherman Oaks Hospital.

Medtronic Lands Deal to Develop Product

Medical-device maker Medtronic on Wednesday announced that it has entered into an international, multi-year contract with mobile tech company Qualcomm Inc., a subsidiary of San Diego-based Qualcomm Life Inc., to collaboratively develop future models of its continuous glucose monitoring systems.

Amgen Researchers Discover Cholesterol Gene

A subsidiary of Amgen Inc. has discovered a rare variation in the sequence of a human gene that gives people a significant reduction in levels of “bad” cholesterol and lowers the risk of heart attacks, the company announced Wednesday.

Rehab Clinic Appoints New Chief

The Matrix Institute on Addictions has appointed Dr. Kenji Watanabe as clinical director for its Woodland Hills facility.

Providence Tarzana Announces Expansion

Providence Tarzana Medical Center on Thursday announced a $624 million expansion plan that calls for a new patient wing including a lobby and reception area as well as new diagnostic and treatment areas and expanded parking.