Soon-Shiong Launches Moonshot Cancer Project In Conjunction With President’s SOTU Address

During the President’s final State of the Union Address, he announced a new moonshot project to cure cancer that was compared with the effort to put a man on the moon. Vice President Joe Biden, who lost his own son to brain cancer in 2015, was tasked with spearheading the initiative. In a piece published just after the SOTU, Biden painted a broad plan with little detail for how he would go about eradicating cancer – the leading cause of death worldwide. In his plan, he briefly mentions that “immunotherapy, genomics, and combination therapies” are the key emerging fields that would be counted on to deliver the groundbreaking results promised in the speech.

Soon-Shiong Launches Moonshot Cancer Project In Conjunction With President’s SOTU Address

Just prior to the speech, a group of private industry heavyweights launched their own program, called “Cancer Moonshot 2020,” led by healthcare billionaire Patrick Soon-Shiong and operating under an organization called the National Immunotherapy Coalition. Biden’s relationship with Soon-Shiong started when his son was still battling cancer. Desperate for any treatment that might help his son, Biden reached out to Soon-Shiong to learn more about what was happening in cancer research and what could be done to hasten critical discoveries. Though Biden’s son did pass away in May, those early discussions between Biden and Soon-Shiong led to both the President’s SOTU declaration and the formation of Cancer Moonshot 2020.

Read more...

WebMD Sale Rumors Send Share Prices Up, Then Back Down Again

Financial Times published a rumor Wednesday suggesting that online health information vendor WebMD was shopping itself around for a potential buyer. Anonymous insiders were quoted as saying that UnitedHealth, Aetna, Walgreens, and CVS were all at least partially interested, and that discussions with potential buyers were ongoing. The news initially drove share prices up nearly 10 percent, as investors hoped to cash in on the premium WebMD would likely negotiate over its current-value share price.

WebMD Sale Rumors Send Share Prices Up, Then Back Down Again

Late Thursday morning, WebMD issued a statement refuting the story. The press release stated simply “WebMD Health Corp, the leading source of health information, today announced that in light of recent news reports, the Company is reporting that it is not currently in any negotiations to be acquired.” The result of the back and fourth was a volatile day for WebMD share prices. Shares opened at $58.03, up 9.5 percent over the prior day’s closing price of $53.21. Share prices hovered in the $56 to $58 range until just before 11am when the company issued a statement correcting the rumor. From there, share prices tumbled, passing the previous days closing price and continuing to fall an additional 7.7 percent to close at $49.12.

Read more...

AiCure Raises $12 Million Series A To Tackle Medication Adherence With AI

New York-based digital health startup AiCure announces that it has closed a $12 million Series A investment round led by New Leaf Venture Partners, with additional investments from Biomatics Capital, Pritzker Group Venture Capital, and Tribeca Venture Partners. The found is AiCure’s first equity-backed investment, having raised millions in early capital through NIH grants. The company launched in 2010 with the goal of building a smartphone app that could use a smartphone’s forward-facing camera, facial recognition algorithms, and other image recognition algorithms to directly observe patients taking their pills. The idea won AiCure six NIH grants, worth in total more than $7 million, which was used to develop and patent the technology that powers the platform. Now, with eleven patents and a viable platform ready to bring to market, AiCure has attracted investors hoping that it might succeed where many others have failed.

AiCure Raises $12 Million Series A To Tackle Medication Adherence With AI

AiCure has developed a novel approach to measuring medication adherence. The company uses a number of algorithms to verify that the correct patient is taking the correct medication at the correct time. Facial recognition confirms patient identity, while image recognition technology zeroes in and identifies the actual pill. Finally, motion detection algorithms watch the mouth and throat to confirm that the pill has been swallowed. It’s a slick, almost over-engineered approach that likely would not have come to be if the startup had been funded by VCs from its inception, but with $7 million in NIH grants and time to focus on development efforts, AiCure has turned out a polished and technologically impressive platform.

Read more...

Higi Raises $40 Million Venture Round To Expand Its Health And Wellness Platform

Chicago-based health and wellness startup Higi announces that it has closed a $40 million venture round from a group of undisclosed investors. The fresh funding is Higi’s first publically disclosed investment, though in its announcement the startup notes that many of the investors that participated in the current round were returning investors from a previous, undisclosed funding round. The company launched in 2012 with the goal of building a health and wellness network by installing wellness kiosks in retail locations across the US, and then integrating the data captured by those stations with a health and wellness app.

Higi Raises $40 Million Venture Round To Expand Its Health And Wellness Platform

Higi have made remarkable progress on its vision in the three years since its launch. The company has partnership agreements with Shaws, Stop and Shop, and RiteAid that has resulted in Higi wellness kiosks being installed in 4,000 retail locations. Higi says that 75 percent of the US population now lives within five miles of a Higi kiosk. Each kiosk is equipped to measure blood pressure, pulse, weight, and body mass index. This information is captured and stored in Higi’s app, where users can set goals, trend their results, and track their progress. Higi also coordinates community fitness challenges and allows users to earn tangible rewards like gift cards for competing in challenges and keeping up with their goals. In December, Higi announced that it would partner with Validic, a health data interface engine, so that users could sync their Higi app with other fitness apps to exchange even more information. With the addition of Validic, users can now also automatically upload blood pressure or glucose readings from their own at-home medical devices. Between its expansive retail footprint and its partnership with Validic, Higi now controls an impressive network of access points to its health and wellness platform.

Read more...

The Race For Early-Detection Cancer Screenings Heats Up

The CDC estimates that 39.7 percent of the general population will be diagnosed with some form of cancer in their lifetime, resulting in an annual toll of more than 500,000 deaths and $125 billion in healthcare spending. For oncologists working on the front lines of cancer care, one of the most important predictors of mortality is how early a patient’s cancer was discovered. Breast cancer, for example, is the single most common cancer diagnosed in the US and aggressive treatment options have driven the survival rate for breast cancer to near 100 percent for patients whose cancer is discovered early. However, when breast cancer is not discovered until later survival rates plummet. Patients with Stage III breast cancer tumors only have a 72-percent survival rate, and patients diagnosed with stage IV tumors face a daunting a 22-percent survival rate.

The Race For Early-Detection Cancer Screenings Heats Up

For decades, public health campaigns have focused on promoting self-examinations and routine screenings to help ensure that tumors are found early, giving oncologists far better odds at a positive outcome. While these public health efforts have improved cancer detection rates in the US, many cancers, such as pancreatic cancer, have no standard screening tests and are often asymptomatic until it is simply too late to effectively treat the tumor. What oncologists desperately need is a single, standard screening test that can detect early stage cancers of all types. This kind of broad-based screening test is at the center of a number of high-profile research labs across the US, where oncologists are working with everything from DNA sequencing, to breathalyzers, to nanoparticles in their efforts to improve cancer screening.

Read more...
↑ Back to top

Founding Sponsors

Platinum Sponsors