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Is General Catalyst Buying Summa Health a Good Idea? Only Time Will Tell

General Catalyst just announced its plans to acquire Summa Health, an Ohio-based health system. Leaders from across the healthcare industry aren't sure how the deal will play out, given the novel nature of the deal and the involvement of one of the country’s most prominent VC firms.
United States South Korea Cameron Andrew Rebecca Springer Dave Latshaw Kaiser Permanente

Profitability Is King in 2024's Fundraising Environment, Expert Says

This year's digital health fundraising environment requires startups to focus more on their unit economics and pathway to profitability, according to Ian Wijaya, managing director at Lazard. He predicted that the ability to achieve profitability will be much more important in 2024 than it has been in the past four years or so.
Ian Wijaya Federal Reserve Gilded Age Weight Loss Medical Devices Healthcare Innovation

Disruption from Weight Loss Drugs Has Only Scratched the Surface. Telehealth Can Help Overcome the Next Big Obstacle

Telehealth is poised to serve as an essential tool to fill an exploding demand for care. Providers and digital health companies need to act now by expanding telehealth offerings that include on-demand care teams knowledgeable and experienced in GLP-1 drugs, but also overall health and wellness strategies.
Novo Nordisk New England Journal American Medical Associationconcludes Weight Loss Medical Devices Healthcare Innovation

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Bayer's Cost-Cutting Plans Take Aim at Multiple Layers of Management

CEO Bill Anderson said despite prior cost-cutting measures, Bayer still has too many layers of management and bureaucracy. A new restructuring will come with layoffs but the corporate shakeup plan does not yet include a separation of Bayer’s business units.
Barbara Gansewendt Bill Anderson Heike Hausfeld Eli Lilly Bayer Ag Group Executive Committee Central Works Council Of Bayer

Vertex's CRISPR Gene Therapy Lands Another FDA Nod in a Rare Blood Disease

The FDA approved Vertex Pharmaceuticals’ gene therapy Casgevy for treating beta thalassemia, an inherited blood disease that leads to low levels of functioning hemoglobin. Last month, the one-time treatment won its first FDA nod for treating sickle cell disease.
United Kingdom Reshma Kewalramani Vertex Pharmaceuticals Bristol Myers Squibb Prescription Drug User Fee Act Weight Loss

New Technology Adoption During Times of Crisis: 3 Key Lessons for Biopharma Innovators

In the face of these multifaceted threats, the need for innovative healthcare solutions becomes increasingly urgent. It underscores the vital role of the biopharmaceutical industry in not only addressing immediate health crises but also contributing to the broader resilience and well-being of humanity in times of adversity.
Weight Loss Medical Devices Healthcare Innovation Medcity News Medcity News San Francisco

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