Staff Reporter (Health Care, Law)
NewHydrogen Inc., formerly BioSolar Inc., on Monday announced a $5 million private placement offering of more than 83 million common shares of its stock.
Stanford Kurland, founder and chairman of Westlake Village mortgage brokerage PennyMac Financial Services Inc., has died from complications related to COVID-19, the company announced.
Calabasas biotech Turn Therapeutics has announced it received authorization to start its first human safety and efficacy trial for a COVID-19 therapy.
Sherman Oaks biopharmaceutical company T-Cure Bioscience has entered into a license agreement with Chinese biotech Immunotech Biopharm Ltd. to develop a T cell therapy for renal cancer.
California State University – Northridge will become a large-scale COVID-19 vaccination site.
Health Care: Lancaster to host state’s first center for mental health plus rehab.
Lancaster will host the state’s first behavioral health and rehabilitation hospital, created by a joint venture between Antelope Valley Hospital and Kentucky-based Kindred Healthcare.
Bed capacity and staffing in the red, mortuaries full.
Hospitals in the Valley are seeing surges linked to holiday gatherings, staff said, threatening to overwhelm plans put in place at the beginning of the pandemic to accommodate a massive influx of patients.
Universal Diagnostic tries direct-to-consumer strategy.
Universal Diagnostic Laboratories in Van Nuys has drastically changed its business model in the wake of COVID-19 testing.
Valley Economic Alliance holds event virtually for first time.
Valley Economic Alliance held its “Valley of the Stars ... Rising” event for the first time virtually on Jan. 15.
LIST: Administrators report full enrollment even with remote-only instruction.
So far in the coronavirus pandemic, private high schools in the Valley region have not experienced a drop in enrollment, nor have they had to reduce tuition, staffers told the Business Journal.
Santa Clarita tech company BioSolar Inc. has officially changed its corporate name to NewHydrogen Inc.
Amgen Inc. and EVOQ Therapeutics on Wednesday announced they have entered into a license and collaboration agreement to develop drugs for autoimmune disorders.
The City of Lancaster, in partnership with North Carolina nonprofit Samaritan’s Purse and Antelope Valley Hospital, is building a 50-bed field hospital to serve the overwhelming number of COVID-19 patients.
Surges in COVID-19 cases linked to holiday gatherings are overwhelming Valley hospitals to the point of possibly rationing care and causing a shortage of space to store corpses.
CommonSpirit Health, which owns Dignity Health hospitals in Northridge and Glendale, has expanded its Southwest Division.
Ellume’s $30 kit secures approval from the FDA.
Digital diagnostics company Ellume Inc., an Australian company with U.S. operations in Valencia, developed the first at-home COVID-19 test approved by the U.S. Food and Drug Administration.
BIOTECH: VC firm to invest in startups that become tenants.
Two real estate deals have put the Conejo Valley’s biotech hub on the fast-track to expansion.
City program seeks to convert debt to grants for struggling businesses.
In an effort to keep voters informed on which businesses were able to benefit from L.A.’s microloan program, Los Angeles City Controller Ron Galperin’s office launched a microloan tracker website at the beginning of December.
Audio, video calms patients during MRI procedure.
Resonance Technology in Northridge demoed its virtual reality platform at the Radiological Society of North America’s virtual event last year, a bright point for the small medical device manufacturer.
One of Jason Sands’ clients asked how he could help others financially during tough times.
Wealth manager Jason Sands sought to keep clients on track for their long-term goals during the year of crisis, while also meeting short-term needs.
Antelope Valley city wants autonomy in regulation.
The city of Lancaster took a hammer to the Los Angeles County Department of Public Health, first backing a vote of no confidence in its director, Barbara Ferrer, then commissioning a study on how to form a separate public health department.
PROFILE: Mustang Marketing’s Dianne McKay counsels clients to stay on message during pandemic.
Dianne McKay took the helm as sole owner of Mustang Marketing in April, with the retirement of founder Scott Harris.
Agoura Hills biotech company A2 Biotherapeutics on Wednesday announced it has entered into a collaboration agreement with pharma giant Merck to further develop its cancer therapies.
The AIDS Healthcare Foundation in Los Angeles staged a socially distant protest at Amgen headquarters in Thousand Oaks in response to the biotech giant’s refusal to sell orphan drugs to nonprofit entities at a reduced price.
A nursing strike planned for the holidays was narrowly avoided, with Hospital Corporation of America and Service Employees International Union 121 RN coming to a tentative contract agreement.
Hospitals in the Valley region have started administering the COVID-19 vaccine made by Pfizer Inc.
Antelope Valley Hospital and Kentucky-based Kindred Healthcare have entered into a joint venture to build and operate a new specialty hospital in Lancaster.
The number of available intensive care unit beds has plummeted in Los Angeles County, with only 92 ICU beds available countywide.
The U.S. Food and Drug Administration has approved the first at-home COVID-19 test, developed by a biotech company with ties to the Valley region.
Nurses at two hospitals in the Valley region have called a 10-day strike from Dec. 24 to Jan. 3 to protest unfair labor practices.
Westlake Village BioPartners has announced two new funds totaling $500 million to invest in life science startups and construct lab facilities for them.
Battery technology company BioSolar Inc. has launched a wholly owned subsidiary focused on producing green hydrogen at a lower cost.
At an investor conference Thursday, Walt Disney Co. announced its Disney+ streaming service has amassed 86.8 million paid subscribers.
Advanced Bionics in Valencia, in collaboration with fellow Sonova Group subsidiary Phonak, on Thursday announced it has received approval from the Food and Drug Administration to market its cochlear implant technology platform.
Amgen Inc. has received a breakthrough therapy designation from the Food and Drug Administration for an investigational drug to treat advanced, metastatic non-small-cell lung cancer.
Camarillo Internet and phone provider GeoLinks has won a nearly $235 million award from the Federal Communication Commission’s Rural Digital Opportunity Fund.
Atara Biotherapeutics and German pharmaceutical giant Bayer have entered into a strategic collaboration to develop therapies for solid tumors.
MannKind Corp. announced it has acquired Pennsylvania-based QrumPharma Inc. for $3.5 million in cash and more than 3 million shares of its common stock.
Amgen Inc. and Texas-based health care supply company McKesson Corp. have announced a multi-year, strategic partnership to help bridge gaps in cancer care.
HEALTH CARE: Providers seek proximity to Tarzana campus.
Developers and medical professionals are eyeing space surrounding the Providence Cedars-Sinai Tarzana Medical Center, with the area poised to become a central health care hub for the West Valley.
Plans to expand fundraising streams in Simi Valley.
Seasoned Southern California philanthropy professional Ben Chandler has been tapped to lead the foundation arm at Adventist Health Simi Valley, the health care system announced Nov. 23.
Clinic starts with COVID based on current demand.
San Francisco-based urgent care chain Carbon Health opened its first clinic in Ventura County just before Thanksgiving — with its initial focus on COVID-19 testing, according to the company.
V-Wave attempts a new type of medical device therapy for congestive cardiac condition.
Private medical device company V-Wave Ltd., based in Agoura Hills and Israel, managed to make a big impression with investors despite the pandemic that curtailed venture capital funding not related to COVID.
Quarterly report validates Simulations Plus’ acquisition of Lixoft earlier in the year.
Simulations Plus bought French medical software company Lixoft in April, despite a pandemic that hampered in-person communication.
FINANCE: Manufacturing, professional service firms look to buy real estate.
Small businesses have found opportunities during the pandemic, creating a need for capital that SBA lenders have worked to fill.
Lancaster City Council unanimously backed a vote of no confidence in Barbara Ferrer, Los Angeles County public health director, while also beginning the process of creating its own public health department.
Chicago-based Singerman Real Estate and HATCHspaces in Los Angeles have bought a former Amgen Inc. building in Thousand Oaks as part of its joint venture, the companies said on Tuesday.
Amgen Inc.’s drug Otezla will appear in a COVID-19 clinical trial, as part of testing efforts by the COVID R&D Alliance consortium of companies.
Digital advertising company The Trade Desk is partnering with California State University – Channel Islands to apply its data science platform to the education field