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First Home COVID Test In Valencia

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.

Disney Reports Subscription Numbers, Shares Soar

At an investor conference Thursday, Walt Disney Co. announced its Disney+ streaming service has amassed 86.8 million paid subscribers.

BioSolar Launches Green Hydrogen Subsidiary

Battery technology company BioSolar Inc. has launched a wholly owned subsidiary focused on producing green hydrogen at a lower cost.

For Drug Modeler, French Connection Pays Off

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.

AIDS Healthcare Foundation Protests Amgen Pricing for Orphan Drugs

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.

Carbon Health Opens Testing Site in Simi Valley

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.

MannKind Buys QrumPharma for $3.5 Million

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.

Nurses Strike Called Off

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.

SBA Loans Debt of Choice During Pandemic

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.

Nurses Strike Planned in Thousand Oaks, West Hills

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.

FDA Approves Ellume’s At-Home COVID-19 Test

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.

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Lancaster Looks to Form Health Agency

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.

Valley Hospitals Grapple With COVID-19 Surge

The number of available intensive care unit beds has plummeted in Los Angeles County, with only 92 ICU beds available countywide.

Valley Hospital Staff Receive COVID Vaccine

Hospitals in the Valley region have started administering the COVID-19 vaccine made by Pfizer Inc.

Valley Microloans Add to $3 Million

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.

Lancaster Looks to Form Health Department After No Confidence Vote on County Leadership

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.

Buying into Market Dip to Rebalance Portfolios

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.

Heart Shunt Channels $98 Million Investment

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.

Biotech Space Bought from Amgen

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.

Behavioral Health Hospital Coming to Lancaster

Antelope Valley Hospital and Kentucky-based Kindred Healthcare have entered into a joint venture to build and operate a new specialty hospital in Lancaster.