MedCity News
CVS launches $100M venture fund
The company launched CVS Health Ventures, a corporate venture fund that will make early investments in healthcare startups. It will start with a $100 million fund.
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CVS Health is creating a new corporate venture fund. Called CVS Health Ventures, it will launch with $100 million.
To start, the fund will focus on investing in early-stage startups that could benefit from a strategic relationship with CVS, including its thousands of stores, and customers of Aetna and Caremark. CVS’ leadership also emphasized consumer-facing innovations in a press release issued Thursday.
“Consumers deserve a better health experience, one that puts them at the center of cutting-edge, digitally enabled solutions,” CVS President and CEO Karen Lynch said in a news release. “Forming CVS Health Ventures will build on our successful track record of scaling innovation and driving change in health care.”
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Update 217: COVID-19 pandemic in Alberta (April 29, 5:30 p.m.)
New regional restrictions will help bend the curve. Albertans are asked to follow all public health guidelines in their communities to stop the spread of COVID-19 and protect the health-care system.
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Latest updates
There are 632 people in hospital due to COVID-19, including 151 in intensive care.
There are 21,385 active cases in the province.
To date, 165,267 Albertans have recovered from COVID-19.
In the last 24 hours, there were three additional COVID-related deaths reported: two on April 27 and one on April 28.