Red-hot virtual care market propels New York City health startups to record year – Modern Healthcare

Red-hot virtual care market propels New York City health startups to record year  Modern Healthcare
“startups when:1d” – Google News

L-SPARK MedTech Accelerator Startup Dispension Industries Enables Health Canada to Scale Up MySafe Project With Its Automated Distribution Technology – Benzinga

L-SPARK MedTech Accelerator Startup Dispension Industries Enables Health Canada to Scale Up MySafe Project With Its Automated Distribution Technology  Benzinga
“startups when:1d” – Google News

[BrightInsight in MedCity News] How digital health impacts the development and adoption of cancer immunotherapies

In an interview, BrightInsight Co-founder and CEO Kal Patel, MD, offered a preview of the report, The Role of Digital Health in Immuno-oncology Therapy Development and Adoption.

Read more here.

The post [BrightInsight in MedCity News] How digital health impacts the development and adoption of cancer immunotherapies appeared first on OurCrowd Blog.

OurCrowd Blog

To any biotech or health startup founders out there, what differences have you noticed as compared to more “traditional” tech companies?

I mean the nitty gritty. We all know regulations play a large role and tech takes more time to develop. But what does this actually mean in terms of running the business, getting early users/customers, financing, etc.

Most of the "best" startup advice out there is directed towards less regulated, and potentially less complex, industries. What are the main differences you've noticed? How do you cope with them?

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Startups – Rapid Growth and Innovation is in Our Very Nature!

L-SPARK MedTech Accelerator Startup Dispension Industries Enables Health Canada to Scale Up MySafe Project With Its Automated Distribution Technology – Yahoo Finance

L-SPARK MedTech Accelerator Startup Dispension Industries Enables Health Canada to Scale Up MySafe Project With Its Automated Distribution Technology  Yahoo Finance
“startups when:1d” – Google News

Oscar Health prices IPO at $39 and secures a $9.5B valuation

Late last night Oscar Health, a tech-enabled medical insurance provider, priced its IPO at $ 39 per share. The final price came in $ 1 per share above its raised IPO guidance; Oscar Health had originally targeted a $ 32-$ 34 per-share IPO price.

Some 37,041,026 shares were sold at $ 39, including 36,391,946 offered by the company itself. Not counting shares reserved for the company’s underwriters — more on those here — Oscar Health found at least $ 1.44 billion worth of demand for its equity at $ 39 apiece. More than 98% of the funds from the aggregate share sale went to the company’s accounts.

For backers Thrive Capital, Founders Fund, Formation 8, CapitalG, Fidelity, Alphabet, Coatue, Tiger Global and others, the day is a financial coup.

But just how well did the company’s private backers do? To know that, we have to calculate what the company is worth at $ 39 per share. Oscar sold more shares in its debut than its final S-1/A filing expected, making its ensuing share count slightly tedious to calculate. However, the company’s simple IPO valuation appears to be just over $ 7.92 billion at its IPO price. IPO investing group Renaissance Capital calculates the company’s fully diluted valuation, a figure that counts some additional shares, including that have been earned through options that have yet to be exercised, for example, at $ 9.5 billion.

Oscar Health’s IPO has been a success from several perspectives. From a fundraising viewpoint, the company raised more than it may have initially expected to, comparing its final price point against its initial range. From a valuation perspective, the company is now worth a multiple of its last-known private valuation, some $ 3.2 billion set during its 2018 Series G, per PitchBook data. The company did raise more private capital between that round and its IPO, but we lack valuation figures for those deals.

The company will begin trading this morning in a notable test for insurtech, and the sub-niche of medical insurtech. TechCrunch’s prior notes on the company’s IPO valuation aside, the bidding public have repriced Oscar Health. Now let’s see what the company will manage once it truly begins to float.


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Startups – TechCrunch

Red-hot virtual care market propels city health startups to record year – Crain’s New York Business

Red-hot virtual care market propels city health startups to record year  Crain’s New York Business
“startups when:1d” – Google News

L-SPARK MedTech Accelerator Startup Dispension Industries Enables Health Canada to Scale Up MySafe Project With Its Automated Distribution Technology – Canada NewsWire

L-SPARK MedTech Accelerator Startup Dispension Industries Enables Health Canada to Scale Up MySafe Project With Its Automated Distribution Technology  Canada NewsWire
“startups when:1d” – Google News