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MannKind stock dips on report of 2020 losses, but company touts fourth quarter comeback

By   /  Thursday, February 25th, 2021  /  Banking & Finance, Biotech, Central Coast Health Watch, Earnings, East Ventura County, Latest news, Tri-County Economy, Tri-County Public Companies  /  Comments Off on MannKind stock dips on report of 2020 losses, but company touts fourth quarter comeback

MannKind Corp. struggled during 2020, but impressive financial results from its final quarter could be a sign of good things to come for the Westlake Village biotech company. MannKind, which develops drugs and treatments for those suffering from diabetes and pulmonary arterial hypertension, reported a net loss of $57.2 million in fiscal year 2020, up Read More →

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LTC Properties reports income jump in fourth quarter

By   /  Tuesday, February 23rd, 2021  /  Banking & Finance, Earnings, East Ventura County, Latest news, Real Estate, Tri-County Economy, Tri-County Public Companies  /  Comments Off on LTC Properties reports income jump in fourth quarter

LTC Properties saw steady returns and a higher net income than a year ago when it reported its finances for the fourth quarter of 2020. The Westlake Village-based real estate investment trust, which focuses on senior housing and health care properties, reported net income of $17.5 million, or 45 cents per diluted share, for 2020’s Read More →

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From the archives: J.D. Power’s entry into the Business Times Hall of Fame

By   /  Thursday, January 28th, 2021  /  East Ventura County, Latest news, right, Subscriber content, Top Stories, Tri-County Economy  /  Comments Off on From the archives: J.D. Power’s entry into the Business Times Hall of Fame

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Westlake Village CEO faces charges over claims of 15-second COVID test

By   /  Friday, December 18th, 2020  /  Banking & Finance, Central Coast Health Watch, Latest news, Law, Technology  /  Comments Off on Westlake Village CEO faces charges over claims of 15-second COVID test

EDITOR’S NOTE: This article was updated Dec. 29 to include Keith Berman’s response to the allegations. Westlake Village-based Decision Diagnostics and its CEO, Keith Berman, face civil and criminal charges by federal agencies that accuse the company of falsely claiming it had developed technology that could almost instantly detect COVID-19 in a blood test. The Read More →

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Westlake Village BioPartners puts $500 million into new venture funds

By   /  Tuesday, December 15th, 2020  /  Biotech, Central Coast Health Watch, East Ventura County, Latest news, Small Business, Startups, Technology, Top Stories, Tri-County Economy  /  Comments Off on Westlake Village BioPartners puts $500 million into new venture funds

Westlake Village BioPartners, a venture capital firm focused on biotech startups in the Conejo Valley and the rest of greater Los Angeles, launched two new funds Dec. 15 worth a total of $500 million. The first fund is $70 million and will be used for Series B or later financing into companies that Westlake Village Read More →

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MannKind makes $12.5M pharma buy

By   /  Monday, December 7th, 2020  /  Banking & Finance, Biotech, East Ventura County, Latest news, Technology, Tri-County Economy, Tri-County Public Companies  /  Comments Off on MannKind makes $12.5M pharma buy

MannKind Corp., a biotech company based in Westlake Village, announced Dec. 7 that it has acquired a QrumPharma, a privately held biotech company, in a $12.5 million deal. MannKind has purchased all outstanding capital stock of QrumPharma for $3.5 million in cash and just over 3 million shares of MannKind common stock. At MannKind’s stock Read More →

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Guitar Center plans to file Chapter 11, cites pandemic’s effect on sales

By   /  Monday, November 16th, 2020  /  East Ventura County, Latest news, Tri-County Economy  /  Comments Off on Guitar Center plans to file Chapter 11, cites pandemic’s effect on sales

Westlake Village-based Guitar Center plans to file for Chapter 11 bankruptcy, citing the pandemic as a major strain on the company’s resources. In a Nov. 13 news release, Guitar Center said that it had secured up to $165 million in new equity investments to recapitalize the company and reduce its corporate debt by nearly $800 Read More →

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