June 26, 2020
Health insurtech company Oscar Health scored a whopping $225 million in Series C funding from Google’s parent company Alphabet, General Catalyst, Khosla Ventures, Lakestar, Thrive Capital and Baillie Gifford.
This comes roughly two years after the company announced a $165 million funding round led by Brian Singerman and Founders Fund.
WHAT THEY DO
The company offers direct-to-consumer health...
April 27, 2020
Thanks, but we've got this. The U.K. has decided not to use Apple and Google’s much-anticipated Bluetooth contact tracing tool as originally planned, according to the BBC. Apple and Google’s model pitches a decentralized system for tracing, while the NHSX – which works on the UK’s digital health efforts – is proposing a centralized system.
NHS officials told the BBC that the centralized system...
March 16, 2020
Alphabet's Verily has launched a website where California residents can complete a short survey regarding their current condition and, if they meet certain criteria, could be referred to a nearby mobile COVID-19 testing site.
Conducted through Verily's Project Baseline population health effort and developed in collaboration with federal, state and local public health authorities, the triage...
January 8, 2020
Dr. Vindell Washington, the head on the Office of the National Coordinator for Health IT from August 2016 to January 2017, is the latest to jump on board at Alphabet's Verily, according to tweets from fellow ONC vet-turned-Googler Dr. Karen DeSalvo, as well as from Verily’s communications lead. He comes directly from a position as Blue Cross and Blue Shield of Louisiana’s chief medical officer....
Photo by Carsten Koall/Getty Images
December 13, 2019
It’s been a big year for Google’s parent company Alphabet. Once upon a time, Google’s role in the health world was chiefly associated with "Googling" symptoms, but much has changed for the Silicon Valley giant. This year Google made major moves in the health industry—making waves when it announced a plan to acquire Fitbit and even dipping into the EHR space by demoing a new search feature. ...
December 10, 2019
Sanofi announced a major strategy shift today that will end the pharma’s diabetes and cardiovascular R&D efforts in favor of a reinvigorated focus on growing its immunology and vaccine businesses.
Among the fallout of this new game plan is Onduo, the pharma’s diabetes management joint venture with Verily that the two companies invested $500 million into back in 2016, according to the company’...
November 7, 2019
Fitbit’s year-over-year device sales flatlined in Q3 2019, which combined with lower sales tag prices drove a decline in revenue, according to the wearables maker’s latest quarterly earnings.
The reporting — which was bereft of an investor’s call, Q&A and any forward-looking statements due to the company’s pending acquisition — is the latest look at a wearables business Google apparently...
November 5, 2019
Friday marked the end of Dr. Ned Sharpless’ time as acting commissioner of the FDA, with President Donald Trump pointing to Dr. Stephen Hahn, currently the chief medical officer of MD Anderson Cancer Center, as his official appointment for the role on Friday. Assistant Secretary for health at HHS Dr. Brett Giroir will act as the agency’s new acting head.
“With Dr. Sharpless at the helm, the FDA...
November 1, 2019
After a month of rumors, this morning Google and Fitbit announced that the former has officially purchased the wearable giant for roughly $2.1 billion, or $7.35 per share, in cash.
Fitbit stressed that its devices will remain platform-agnostic across the Android and iOS ecosystems. Still, a blog post from Google discussing the acquisition made it clear that we can also expect to see some Google...
October 30, 2019
Articles referenced in today's episode:
Alphabet makes offer to acquire Fitbit
Facebook's new tool tells users what checkups they need, where to get them
Amazon makes its second digital health acquisition with Health Navigator