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 Beats First Quarter Forecasts

Amgen Inc. on Thursday reported first-quarter financial results that exceeded Wall Street’s expectations.

St. Jude Medical Acquired for $19 Billion

Abbott Laboratories of Abbott Park, Ill. on Thursday announced it will spend $19.3 billion to buy St. Jude Medical Inc. of St. Paul, Minn., a medical device company with a large manufacturing facility in Sylmar.

Valley Hospital Gets Boost

Valley Presbyterian Hospital has announced that it received a $250,000 grant from the Henry L. Guenther Foundation, which will go toward the hospital’s $8.4 million project to expand its emergency department.

Ceres Secures Crop Patents

Ceres Inc. has secured two patents for genetic plant traits that can help increase crop yields, the company announced Tuesday.

Study: Amgen’s Nplate Effective for Child Patients

A Phase 3 study has shown that Amgen Inc.’s drug Nplate helped a majority of children with a bleeding disorder called immune thrombocytopenia, the company announced Wednesday.

MannKind Appoints Key Execs

MannKind Corp. announced Tuesday that it has appointed Joseph Saldanha as its vice president of marketing and Agustin Quintero as the company’s vice president of market value, access and trade.

One Giant Leap for MannKind Stock

MannKind Corp.’s stock is up 46 percent so far this week after the company announced it has scheduled an analyst call Tuesday to discuss its commercialization plans for Afrezza Inhalation Powder.

HemaCare Turns Profit, Increases Revenue

HemaCare Corp. increased revenue and narrowed its loss in 2015, the company announced Monday.

MannKind Regains Rights to Afrezza

MannKind Corp. on Tuesday announced that it has regained the worldwide manufacturing and marketing rights to Afrezza Inhalation Powder, the company’s sole commercial product, from French pharma giant Sanofi.

ApolloMed Receives $5 Million Investment

Apollo Medical Holdings Inc. announced on Thursday that it has received a $5 million equity investment from health care management service Network Medical Management Inc. in Alhambra.

Camarillo Hospital Gets Biggest Donation Ever

An unnamed philanthropist and ex-patient donated $5 million to St. John’s Pleasant Valley Hospital in Camarillo, which officials say is the largest donation in the hospital’s history, according to the Ventura County Star.

Providence Gets New Exec

The chief executive of Tenet Healthcare’s Northeast Region, Erik Wexler, has been appointed as Providence Health and Services’ senior vice president and chief executive of its Southern California region.

Regulators Conditionally Approve Health Net Acquisition

Two state regulatory agencies conditionally approved Centene Corp.'s acquisition of Health Net Inc., the agencies announced Tuesday.

Preview: Insulin Pump Sweet Target for Hacks

Former IBM Corp. senior threat intelligence analyst Jay Radcliffe hacked into his own insulin pump and managed to manipulate the amount of insulin delivered to his body at potentially fatal levels.

Amgen Prevails in Patent Fight

Amgen Inc. prevailed in federal court Wednesday when a Delaware jury determined that the cholesterol drug Praluent infringed on two Amgen patents for its cholesterol drug Repatha.