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Bessemer Venture Partners Unveils State of Health Tech Report at HLTH 2023

The report maps out the health tech sector's current position in the innovation hype cycle, which business models are most resilient, and how the industry can move out of the trough of disillusionment. It also offered predictions for health tech trends in 2024.
Steve Kraus Houserxa Bessemer Services As Software Health Tech Rupa Health Bessemer Venture Partners

Bayer's New $250M Cell & Gene Therapy Site Signals More Investments to Come

Bayer opens its new cell therapy manufacturing facility as it prepares a Parkinsonโ€™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 giantโ€™s pipeline.
United States Jens Vogel Bayer Berkeley Bayer Parkinson Bayer Pharmaceutical Division Cell Therapy Launch Facility

Sanofi Adds Biologics to Its AI Ambitions, Striking Up R&D Alliance With BioMap

Formed by Baidu founder and CEO Robin Li, BioMap uses artificial intelligence technology to glean insight into proteins to guide biologic drug discovery. The startup is the latest company to join a growing list of Sanofi partners as the pharmaceutical giant continues investing in AI-enabled drug discovery.
Wei Liu Matt Truppo Robin Li Silicon Valley Weight Loss Medical Devices

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CVS Exec: We're Going To Find Out if Blue Shield of California's New Drug Model Will Lower Costs

Blue Shield of California recently switched up its pharmacy benefit model by distributing responsibilities to several different vendors. The model has the potential to increase drug costs, but it remains to be seen, according to Creagh Milford, SVP of retail health at CVS Health.
United States Creagh Milford Antonio Ciaccia Las Vegas Mark Cuban Cost Plus Drug Company Blue Shield

Venture Capital Firm Shares Ambitious Value-Based Care Strategy: Buy a Health System

The opening day of the HLTH 2023 event offered a surprising announcement from venture capital firm General Catalyst. Weight Watchers CEO called for a change in how we talk about obesity. ENGAGE at HLTH offered compelling discussions around retail health, prescription drug prices and investment trends.
United States Sima Sistani Marc Harrison Merith Basey Marissa Plescia Blake Wu

Fostering the Next Generation of Antisense Oligonucleotide Therapies

Antisense oligonucleotides (ASOs) have faced their share of challenges, but a combination of research advances and a market ripe for innovation is setting this drug class up for a resurgence. Antisense oligonucleotide (ASO)โ€”a class of drugs that works by targeting RNA to alter gene expression and control aberrant proteins in ways that traditional drugs canโ€™t.
Stanley Crooke Lorem Foundation Research Council Biologics Evaluation Operation Warp Speed Nucleic Acid Therapy Accelerator

Takeda to Pull Lung Cancer Drug from Market After Failed Confirmatory Study

Takeda Pharmaceutical drug Exkivity failed the confirmatory study required of its 2021 accelerated approval. Our recap of other recent regulatory developments includes a partial clinical hold on a cancer drug, a Covid-19 vaccine authorization, and several drug approvals in the U.S. and beyond.
Novavax Covid Covis Pharma Ocuphire Pharma Ryzumvi Dicerna Pharma Johnson Rybrevant Eli Lilly

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