California Archives - MedCity News https://medcitynews.com/tag/california/ Healthcare technology news, life science current events Tue, 10 Oct 2023 19:39:45 +0000 en-US hourly 1 https://wordpress.org/?v=6.3.2 https://medcitynews.com/uploads/2021/03/cropped-mblue-32x32.png California Archives - MedCity News https://medcitynews.com/tag/california/ 32 32 40682243 Bayer’s New $250M Cell & Gene Therapy Site Signals More Investments to Come https://medcitynews.com/2023/10/bayers-new-250m-cell-gene-therapy-site-signals-more-investments-to-come/ https://medcitynews.com/2023/10/bayers-new-250m-cell-gene-therapy-site-signals-more-investments-to-come/#respond Tue, 10 Oct 2023 17:30:02 +0000 https://medcitynews.com/?p=651348

Bayer opens its new cell therapy manufacturing facility as it prepares a Parkinson’s disease cell therapy for Phase 2 testing. The new 100,000 square foot facility also has space for manufacturing other cell therapies in the pharma giant’s pipeline.

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Neuro Startup Arialys Raises $58M for Privilege of Tackling Brain Inflammation https://medcitynews.com/2023/09/brain-inflammation-startup-rare-disease-astellas-arialys/ https://medcitynews.com/2023/09/brain-inflammation-startup-rare-disease-astellas-arialys/#respond Tue, 12 Sep 2023 21:28:52 +0000 https://medcitynews.com/?p=648363

Avalon BioVentures unveiled new portfolio company Arialys Therapeutics. The startup’s lead program, an antibody from Astellas Pharma, is a potential treatment for anti-NMDA receptor encephalitis (ANRE), a rare autoimmune inflammatory disorder.

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Amgen, FTC Settlement Allows $28B Horizon Acquisition to Move Forward https://medcitynews.com/2023/09/amgen-ftc-settlement-allows-28b-horizon-acquisition-to-move-forward/ https://medcitynews.com/2023/09/amgen-ftc-settlement-allows-28b-horizon-acquisition-to-move-forward/#respond Fri, 01 Sep 2023 18:22:26 +0000 https://medcitynews.com/?p=647403 Amgen

Amgen and the Federal Trade Commission are settling the lawsuit the regulator filed to block the pharmaceutical giant’s $28 billion Horizon Therapeutics acquisition. As part of the settlement, Amgen agrees not to “bundle” its products with Horizon’s drugs in negotiations with health plans.

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43K Patients in California Could Get Refunds, Bill Corrections As Part of Discounted Care Settlement https://medcitynews.com/2023/08/california-medical-bills-healthcare/ https://medcitynews.com/2023/08/california-medical-bills-healthcare/#respond Tue, 15 Aug 2023 19:41:36 +0000 https://medcitynews.com/?p=645417 Medical bills

Santa Clara Valley Healthcare in California has begun notifying 43,000 patients about their eligibility for billing corrections and refunds. The system’s patient outreach effort is a result of a recently settled lawsuit filed against Santa Clara County. In the complaint, former patients alleged the county did not inform them about its hospitals’ charity care and discount payment policies, leading them to have to pay large bills.

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Novartis Pays Ionis $60M to Expand Alliance on a Hot Target for Cardio Drugs https://medcitynews.com/2023/08/novartis-pays-ionis-60m-to-expand-alliance-on-a-hot-target-for-cardio-drugs/ https://medcitynews.com/2023/08/novartis-pays-ionis-60m-to-expand-alliance-on-a-hot-target-for-cardio-drugs/#respond Thu, 03 Aug 2023 22:42:57 +0000 https://medcitynews.com/?p=644040 Image of heart and circulatory system

Novartis and Ionis Pharmaceuticals, already partners in cardiovascular disease R&D, are expanding their alliance to see if they can develop a next-generation therapy offering efficacy and dosing advantages. But competitors are already in the mix with programs addressing the same cardiovascular disease target.

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Startup Fundraising Spotlight: Octave Bioscience https://medcitynews.com/2023/07/startup-fundraising-spotlight-octave-bioscience/ https://medcitynews.com/2023/07/startup-fundraising-spotlight-octave-bioscience/#respond Wed, 26 Jul 2023 18:17:19 +0000 https://medcitynews.com/?p=642660

Octave Bioscience, based in Menlo Park, California, just closed a $30 million extension to its Series B funding round.

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Turnstone Bio Goes IPO to Fund Clinical Tests of New Kind of Cancer Cell Therapy https://medcitynews.com/2023/07/biotech-ipo-cancer-cell-therapy-clinical-trial/ https://medcitynews.com/2023/07/biotech-ipo-cancer-cell-therapy-clinical-trial/#respond Fri, 21 Jul 2023 16:04:46 +0000 https://medcitynews.com/?p=642297

Turnstone Biologics isn’t the only cell therapy biotech focused on tumor-infiltrating lymphocytes. With $80 million in IPO cash, it can continue clinical trials that could show whether its approach to TILs has advantages.

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FDA Approves BioMarin Pharma’s Gene Therapy, the First for Hemophilia A https://medcitynews.com/2023/06/fda-approves-biomarin-pharmas-gene-therapy-the-first-for-hemophilia-a/ https://medcitynews.com/2023/06/fda-approves-biomarin-pharmas-gene-therapy-the-first-for-hemophilia-a/#respond Fri, 30 Jun 2023 00:21:35 +0000 https://medcitynews.com/?p=640092

The FDA approved Roctavian for treating hemophilia A. The regulatory decision makes the BioMarin Pharmaceutical product the first gene therapy for this inherited bleeding disorder.

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How California’s New Legislation Could Affect Healthcare M&A Activity https://medcitynews.com/2023/06/california-mergers-acquistions-healthcare/ https://medcitynews.com/2023/06/california-mergers-acquistions-healthcare/#respond Tue, 13 Jun 2023 20:23:27 +0000 https://medcitynews.com/?p=638034

Healthcare dealmakers must prepare for a new law and a recently-introduced bill in the California Senate, both of which aim to increase oversight in the healthcare M&A space. This is a legislative trend other states are beginning to participate in too — such as New York, Massachusetts and Connecticut.

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California Lawmakers Approve Emergency Loan Program for Struggling Hospitals https://medcitynews.com/2023/05/california-hospital-loan-finance-rural/ https://medcitynews.com/2023/05/california-hospital-loan-finance-rural/#respond Sun, 07 May 2023 13:19:56 +0000 https://medcitynews.com/?p=633747

California lawmakers recently passed a bill that would provide interest-free cash loans to nonprofit and public hospitals undergoing significant financial distress. The loan program would provide up to $150 million in funds over the next couple years.

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VC Firm SR One Closes $600M Fund to Build ‘Elite Biotechnology Companies’ https://medcitynews.com/2023/03/vc-firm-sr-one-closes-600m-fund-to-build-elite-biotechnology-companies/ https://medcitynews.com/2023/03/vc-firm-sr-one-closes-600m-fund-to-build-elite-biotechnology-companies/#respond Mon, 27 Mar 2023 16:07:24 +0000 https://medcitynews.com/?p=629106

SR One’s new investment fund is its second one since spinning out of GSK in 2020. The firm says it now has more than $1.5 billion in assets under management.

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New Hemophilia Data Lead FDA to Delay Decision for BioMarin Gene Therapy https://medcitynews.com/2023/03/new-hemophilia-data-lead-fda-to-delay-decision-for-biomarin-gene-therapy/ https://medcitynews.com/2023/03/new-hemophilia-data-lead-fda-to-delay-decision-for-biomarin-gene-therapy/#respond Tue, 07 Mar 2023 17:06:57 +0000 https://medcitynews.com/?p=626547

BioMarin Pharmaceutical’s submission of additional data for patients treated with its hemophilia A gene therapy, Roctavian, mean that the FDA will push out a regulatory decision to early summer. But it could be worth the wait as analysts anticipate FDA approval and project Roctavian becoming one of BioMarin’s biggest products.

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With New Kind of CAR, Cancer Startup Cargo Refuels With $200M for Cell Therapy Race https://medcitynews.com/2023/03/with-new-kind-of-car-cancer-startup-cargo-refuels-with-200m-for-cell-therapy-race/ https://medcitynews.com/2023/03/with-new-kind-of-car-cancer-startup-cargo-refuels-with-200m-for-cell-therapy-race/#respond Fri, 03 Mar 2023 22:25:32 +0000 https://medcitynews.com/?p=626148

Cargo Therapeutics is developing CAR T-cell therapies that overcome ways cancers evade currently available treatments. True to its name, the startup’s approach involves putting more cargo and more complex cargo onto engineered T cells.

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California Lawmaker Introduces Bill to Keep Rural Hospitals From Closing as They Work to Meet Seismic Compliance https://medcitynews.com/2023/03/california-lawmaker-introduces-bill-to-keep-rural-hospitals-from-closing-as-they-work-to-meet-seismic-compliance/ https://medcitynews.com/2023/03/california-lawmaker-introduces-bill-to-keep-rural-hospitals-from-closing-as-they-work-to-meet-seismic-compliance/#respond Wed, 01 Mar 2023 21:17:34 +0000 https://medcitynews.com/?p=625855

A California lawmaker recently introduced legislation designed to keep the state’s small and rural hospitals from closing as they work to meet seismic safety compliance requirements. The bill would require California’s Department of Health Care Access and Administration to provide grant funding to small and rural hospitals so they can achieve compliance amid times of severe financial distress.

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FDA Authorizes First Covid-19 and Flu Test, But Its Maker Files for Bankruptcy https://medcitynews.com/2023/02/fda-authorizes-first-covid-19-and-flu-test-but-its-maker-files-for-bankruptcy/ https://medcitynews.com/2023/02/fda-authorizes-first-covid-19-and-flu-test-but-its-maker-files-for-bankruptcy/#respond Sun, 26 Feb 2023 13:30:07 +0000 https://medcitynews.com/?p=625300

Lucira Health now has the first FDA authorized diagnostic that detects the novel coronavirus and influenza in a single test. But the regulatory decision comes too late for the diagnostics developer, which has filed for bankruptcy protection.

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AbbVie Pays Capsida $70M to Expand Gene Therapy Alliance to Eye Diseases https://medcitynews.com/2023/02/abbvie-pays-capsida-70m-to-expand-gene-therapy-alliance-to-eye-diseases/ https://medcitynews.com/2023/02/abbvie-pays-capsida-70m-to-expand-gene-therapy-alliance-to-eye-diseases/#respond Thu, 23 Feb 2023 16:55:06 +0000 https://medcitynews.com/?p=625099

AbbVie and Capsida Therapeutics are expanding their gene therapy R&D alliance to the eyes. Capsida is in line to receive $70 million now and up to $595 million later, depending on the progress of the eye programs.

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California lawsuit targets insulin costs as Biden also takes aim in SOTU https://medcitynews.com/2023/02/california-lawsuit-targets-insulin-costs-as-biden-also-takes-aim-in-sotu/ https://medcitynews.com/2023/02/california-lawsuit-targets-insulin-costs-as-biden-also-takes-aim-in-sotu/#respond Wed, 08 Feb 2023 16:50:00 +0000 https://medcitynews.com/?p=623245

High prices have drawn other critics, as well, including President Joe Biden. He renewed his call for a broad price cap during his annual State of the Union address. Pharma companies insist they have been part of the solution.

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Gilead Sciences Drug Wins FDA Approval in Most Common Type of Breast Cancer https://medcitynews.com/2023/02/gilead-sciences-drug-wins-fda-approval-in-most-common-type-of-breast-cancer/ https://medcitynews.com/2023/02/gilead-sciences-drug-wins-fda-approval-in-most-common-type-of-breast-cancer/#respond Mon, 06 Feb 2023 18:31:38 +0000 https://medcitynews.com/?p=623083

Gilead Sciences drug Trodelvy is now approved for treating patients whose breast cancer is classified as HR positive and HER2 negative, expanding use of the drug to a much wider group of patients. In other regulatory approval news, use of a Takeda Pharmaceutical rare disease drug has expanded to younger children.

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Nvidia’s AI Tech Designs Proteins Never Seen in Nature, Pointing Way to New Therapies https://medcitynews.com/2023/01/nvidias-ai-tech-designs-proteins-never-seen-in-nature-pointing-way-to-new-therapies/ https://medcitynews.com/2023/01/nvidias-ai-tech-designs-proteins-never-seen-in-nature-pointing-way-to-new-therapies/#respond Sun, 22 Jan 2023 20:18:11 +0000 https://medcitynews.com/?p=621412

A collaboration between Nvidia and startup Evozyne was able to produce novel versions of a human protein never before seen in nature but with enhanced function and the same safety as native protein. The research lays the groundwork for potential new therapies for a rare inherited disorder.

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Scripps Spinout Belharra Unveils $130M to Catch Next Big Wave of Drug Discovery https://medcitynews.com/2023/01/scripps-spinout-belharra-unveils-130m-to-catch-next-big-wave-of-drug-discovery/ https://medcitynews.com/2023/01/scripps-spinout-belharra-unveils-130m-to-catch-next-big-wave-of-drug-discovery/#respond Mon, 16 Jan 2023 19:51:39 +0000 https://medcitynews.com/?p=620584

Versant Ventures-backed Belharra Therapeutics has launched with $130 million in funding and a partnership with Roche subsidiary Genentech. The startup’s technology analyzes proteins in the context of the entire cell, enabling it to discover molecules that bind to targets previously deemed undruggable.

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Claiming Insulin Price Conspiracy, CA Sues Lilly, Novo Nordisk, Sanofi & PBMs https://medcitynews.com/2023/01/claiming-insulin-price-conspiracy-ca-sues-lilly-novo-nordisk-sanofi-pbms/ https://medcitynews.com/2023/01/claiming-insulin-price-conspiracy-ca-sues-lilly-novo-nordisk-sanofi-pbms/#respond Fri, 13 Jan 2023 02:14:06 +0000 https://medcitynews.com/?p=620386

California’s Office of the Attorney General contends that drugmakers and pharmacy benefit managers work together to “aggressively raise the list price of insulin in lockstep with each other to artificial levels.” Insulin manufacturers deny the allegations, pointing to availability of lower-cost versions of their products.

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Eli Lilly Turns to Startup Capsida to Bring Gene Therapy Into the Brain https://medcitynews.com/2023/01/eli-lilly-turns-to-startup-capsida-to-bring-gene-therapy-into-the-brain/ https://medcitynews.com/2023/01/eli-lilly-turns-to-startup-capsida-to-bring-gene-therapy-into-the-brain/#respond Wed, 04 Jan 2023 18:01:41 +0000 https://medcitynews.com/?p=619198 brain x-ray image

Eli Lilly is paying $55 million up front to begin an alliance with Capsida Biotherapeutics pursuing gene therapies for central nervous system disorders. Capsida’s technology enables the delivery of a gene therapy to a single organ or multiple organs, a capability that could bring such treatments to a wider range of diseases.

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Gilead Sciences Kicks Off 2023 With New Autoimmune Disease Alliance https://medcitynews.com/2023/01/gilead-sciences-kicks-off-2023-with-new-autoimmune-disease-alliance/ https://medcitynews.com/2023/01/gilead-sciences-kicks-off-2023-with-new-autoimmune-disease-alliance/#respond Tue, 03 Jan 2023 20:28:33 +0000 https://medcitynews.com/?p=619069 Gilead Sciences

Gilead Sciences is building up its autoimmune disease drug pipeline by turning to EVOQ Therapeutics, a startup with technology that takes a novel approach to restoring immune tolerance. For EVOQ, the Gilead deal is its second with a big pharma company.

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Atara Approval Marks Cell Therapy First; Entrada on Hold, Bluebird Freed & More https://medcitynews.com/2022/12/atara-approval-marks-cell-therapy-first-entrada-on-hold-bluebird-freed-more/ https://medcitynews.com/2022/12/atara-approval-marks-cell-therapy-first-entrada-on-hold-bluebird-freed-more/#respond Thu, 22 Dec 2022 16:00:42 +0000 https://medcitynews.com/?p=618547

The first regulatory approval of an allogeneic cell therapy goes to Atara Biotherapeutics. Other regulatory news highlights from the past week include proposed reforms of the FDA’s accelerated approval process, approval of the first gene therapy for bladder cancer, and a clinical hold for a biotech developing a new class of medicines.

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Amgen to Buy Horizon Therapeutics for $28B, Edging Out Sanofi in Bidding War https://medcitynews.com/2022/12/amgen-to-buy-horizon-therapeutics-for-28b-edging-out-sanofi-in-bidding-war/ https://medcitynews.com/2022/12/amgen-to-buy-horizon-therapeutics-for-28b-edging-out-sanofi-in-bidding-war/#respond Tue, 13 Dec 2022 06:16:08 +0000 https://medcitynews.com/?p=616942 Amgen

Sanofi submitted the first unsolicited offer to acquire Horizon Therapeutics, but Amgen ultimately won what became a competitive bidding process. Amgen says Horizon’s drug lineup complements its own portfolio of autoimmune and inflammatory disorder products.  

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Gilead Sciences Gets a Shot at Next-Gen Cell Therapy With $325M Arcellx Alliance https://medcitynews.com/2022/12/gilead-sciences-gets-a-shot-at-next-gen-cell-therapy-with-325m-arcellx-alliance/ https://medcitynews.com/2022/12/gilead-sciences-gets-a-shot-at-next-gen-cell-therapy-with-325m-arcellx-alliance/#respond Fri, 09 Dec 2022 22:14:28 +0000 https://medcitynews.com/?p=616732

In partnering with clinical-stage Arcellx, Gilead Sciences gains the opportunity to develop a cell therapy for multiple myeloma that could offer advantages over currently available therapies for the blood cancer. The deal announced Friday came as Arcellx reported additional data during the annual meeting of the American Society of Hematology that showed continued durability of the cell therapy. 

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Amgen Weighs In to Chase Rival Obesity Drugs From Novo Nordisk and Eli Lilly https://medcitynews.com/2022/12/amgen-weighs-in-to-chase-rival-obesity-drugs-from-novo-nordisk-and-eli-lilly/ https://medcitynews.com/2022/12/amgen-weighs-in-to-chase-rival-obesity-drugs-from-novo-nordisk-and-eli-lilly/#respond Mon, 05 Dec 2022 18:37:23 +0000 https://medcitynews.com/?p=615967 Amgen

An Amgen drug led to weight loss that was sustained, clinical data that support advancing the molecule to a Phase 2 test expected to start in early 2023. While AMG 133 trails rival products from Novo Nordisk and Eli Lilly, Amgen hopes to offer patients a dosing edge.

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With Secreted Proteins Map, Juvena Finds Path to $41M for New Regenerative Meds https://medcitynews.com/2022/11/with-secreted-proteins-map-juvena-finds-path-to-41m-for-new-regenerative-meds/ https://medcitynews.com/2022/11/with-secreted-proteins-map-juvena-finds-path-to-41m-for-new-regenerative-meds/#respond Wed, 09 Nov 2022 00:03:13 +0000 https://medcitynews.com/?p=612799

Juvena Therapeutics is developing secreted protein drugs built on new knowledge gleaned from proprietary technology that maps these proteins and the tissues in the body where they offer a regenerative effect. The startup’s lead program is in development for the muscle disorder myotonic dystrophy type 1.

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Mental health workers at Kaiser approve contract after 10-week strike https://medcitynews.com/2022/10/mental-health-workers-at-kaiser-approve-contract-after-10-week-strike/ https://medcitynews.com/2022/10/mental-health-workers-at-kaiser-approve-contract-after-10-week-strike/#respond Fri, 21 Oct 2022 15:29:03 +0000 https://medcitynews.com/?p=609931

Psychologists, therapists, social workers and chemical dependency counselors at Kaiser who are part of the National Union of Healthcare Workers voted 1,561 to 36 to approve the agreement reached between the company and the union. 

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Kaiser reaches a deal with labor union after 10-week strike  https://medcitynews.com/2022/10/kaiser-reaches-a-deal-with-labor-union-after-10-week-strike/ https://medcitynews.com/2022/10/kaiser-reaches-a-deal-with-labor-union-after-10-week-strike/#respond Wed, 19 Oct 2022 23:06:40 +0000 https://medcitynews.com/?p=609643

As of publication, nearly 2,000 Kaiser Permanente mental health workers still had to ratify the vote, and would participate in a two-day process to do so.

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