San Fernando Valley Business Journal


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

Union Plans Protest at Tarzana Medical Center

Workers on Monday will hold a protest at Providence Tarzana Medical Center, which recently terminated approximately half its housekeeping staff.

Wound Center Opens at West Hills Hospital

West Hills Hospital & Medical Center on Tuesday opened its Advanced Wound Care Center to treat patients with hard-to-heal wounds.

Simulations Plus Beats Estimates

Simulations Plus reported results that beat Wall Street expectations.

Amgen, Immatics to Collaborate on Cancer Drugs

Amgen Inc. on Monday announced it has entered into a collaboration and licensing agreement with German pharmaceutical company Immatics Biotechnologies to develop next-generation cancer treatments.

Valley Hospitals Fined for Patient Jeopardy Incidents

Two San Fernando Valley hospitals face fines from the California Department of Public Health over violations that present “immediate jeopardy” to patients or have already resulted in injury or death.

Cynvenio Improves Breast Cancer Test

Cynvenio Biosystems Inc. in Westlake Village has released its second-generation ClearID Breast Cancer blood test, the company announced Monday.

Antelope Valley Hospital Names CEO

Antelope Valley Hospital has named a new chief executive, following the district board’s Dec. 23 decision to oust prior administrative leader John Rossfeld.

MannKind Receives $1 Million Milestone Payment

Valencia biotech MannKind Corp. on Tuesday announced that it has received a $1 million milestone payment from Receptor Life Sciences Inc. of Seattle for completing initial formulation studies.

Hospital Faces Reduced Medicare Payments

Antelope Valley Hospital will face reduced Medicare payments based on a health care quality score, according to the Antelope Valley Press.

Dental Nonprofit Receives Donated Supplies

A local nonprofit dental clinic for low-income children has received a significant donation from Henry Schein Inc., the world’s largest distributor of dentistry supplies.

FTC Gives Conditional Approval to St. Jude Buyout

The Federal Trade Commission gave its approval for the $25 billion acquisition of St. Jude Medical Inc. by Abbott Laboratories by requiring that Abbott sell off two medical device businesses.

ApolloMed to Merge With Medical Management Firm

Glendale health management company Apollo Medical Holdings Inc. has signed a definitive agreement to merge with Network Medical Management Inc. of Alhambra, the companies announced Thursday.

British Agency to Fund Second Sight Implants

Second Sight Medical Products Inc. on Thursday announced that Britain’s National Health Service will subsidize implantations of the Argus II Retinal Prosthesis System in 10 patients suffering from blindness.

ImmunoCellular Names New CEO

ImmunoCellular Therapeutics Ltd. on Wednesday announced that the board of directors has appointed Dr. Anthony Gringeri as its new chief executive, following the resignation of former chief executive Andrew Gengos.

Chinese Regulators Fine Medtronic $17 Million

Medical device maker Medtronic Inc. has been fined $17.2 million by Chinese regulators for alleged price fixing in regard to its diabetes and cardiovascular devices.