The U.S. National Institutes of Health (NIH) is revealing the primary beneficiaries of its Rapid Acceleration of Diagnostics (RADx) program, and San Mateo-based Helix is on the receiving finish of $33 million in federal funding because of this. Helix is a well being tech startup based in 2015 that focuses on insights derived from private genomics, however the firm has additionally developed a COVID-19 take a look at that detects the presence of SARS-CoV-2 utilizing RT-PCR strategies.
The funding will probably be used to assist Helix’s efforts to scale its COVID-19 testing efforts, with the intention of reaching a price of 100,000 exams per day by this fall, after which extending the throughput capability even additional after that. Helix’s take a look at obtained FDA Emergency Use Approval (EUA) earlier this month, and has since been out there nationally throughout the U.S., promising “subsequent day” outcomes.
Helix has additionally filed for an EUA for a second kind of take a look at, an NGS take a look at that gives greater throughput for extra testing quantity, in addition to elevated sensitivity towards truly detecting the presence of the virus to keep away from false negatives. This take a look at, if accepted, will probably be key to serving to Helix obtain that a lot higher scale of testing functionality that’s the final intention of the RADx program.
That second take a look at system at the moment in search of approval would have the ability to course of as many as 25,000 exams per day, and it makes use of a unique technique that will additionally assist cut back the pressure on the availability chain.
Five success factors for behavioral health startups – TechCrunch
Courtney Chow is an affiliate with Battery Ventures in San Francisco who focuses on early and growth-stage web, software program and companies firms.
Justin Da Rosa
Justin Da Rosa is a vp with Battery Ventures in San Francisco. He focuses on client web, on-line market and software program investments.
Telehealth, or distant, tech-enabled healthcare, has existed for years in major medical care by means of firms like Teladoc (NYSE: TDOC), Doctors on Demand and MDLIVE.
In current years, the appliance of telehealth had quickly expanded to handle particular power and behavioral well being points like psychological well being, weight reduction and diet, dependancy, diabetes and hypertension, and so forth. These are actual and oftentimes very extreme points confronted by individuals all around the world, but till now have seen little to no use of know-how in offering care.
We consider behavioral well being is especially suited to profit from the digitization traits COVID-19 has accelerated. Previously, we’ve written concerning the pandemic’s influence on on-line studying and schooling, each for Ok-12 college students and grownup learners. But behavioral well being is one other space impacted by the basic change in shoppers’ conduct at the moment. Below are 4 causes we expect the time is now for behavioral well being startups — adopted by 5 key components we expect characterize profitable firms on this space.
Telehealth can considerably decrease the price of care
Traditional behavioral healthcare is cost-prohibitive for most individuals. In-person remedy prices $100+ per session within the U.S., and plenty of psychological well being and substance-use suppliers don’t settle for insurance coverage as a result of they don’t receives a commission sufficient by insurers.
By distinction, telehealth reduces overhead prices and scales extra successfully. Leveraging know-how, suppliers can deal with extra sufferers in much less time with nearly zero marginal prices. Mobile-based communications allow asynchronous care that additional helps suppliers scale. Access to digital content material provides sufferers on-going assist with out the necessity for a human on the opposite aspect. This is especially helpful in treating behavioral well being points the place ongoing assist and motivation could also be needed.
Technology unlocks provide in “shadow markets” of suppliers
Globally, we face an excessive scarcity of behavioral well being suppliers. For instance, the United States has fewer than 30,000 licensed psychiatrists (translating to <1 for each 10,000 individuals). Outside of massive cities, the issue will get worse: ~50-60% of nonmetro counties haven’t any psychologists or psychiatrists in any respect.
Even when suppliers can be found, wait instances for appointments are notoriously lengthy. This is a big concern when behavioral well being situations usually require well timed intervention.
We are seeing new platforms construct massive networks of licensed coaches, licensed psychologists and psychiatrists, and different suppliers, aggregating provide in what has traditionally been a scarce and a extremely fragmented supplier inhabitants.
Behavioral/psychological well being points are dropping their stigma
We consider the stigma related to psychological sickness and different behavioral well being situations is dissipating. More and extra public figures are talking out about their battle with nervousness, melancholy, dependancy and different behavioral well being points. Our zeitgeist is shifting quick, and there’s an all-time excessive in individuals searching for assist because the Google Trends information beneath demonstrates.
Note: The anomalous dip in March/April ’20 was pushed by necessary shelter-in-place as a result of COVID-19.
Policy and rules are altering rapidly
Instagram wasn’t removing photos and direct messages from its servers – TechCrunch
A safety researcher was awarded a $6,000 bug bounty payout after he discovered Instagram retained photographs and personal direct messages on its servers lengthy after he deleted them.
Independent safety researcher Saugat Pokharel discovered that when he downloaded his information from Instagram, a characteristic it launched in 2018 to adjust to new European information guidelines, his downloaded information contained photographs and personal messages with different customers that he had beforehand deleted.
It’s not unusual for corporations to retailer freshly deleted information for a time till it may be correctly scrubbed from its networks, methods and caches. Instagram stated it takes about 90 days for deleted information to be absolutely faraway from its methods.
But Pokharel discovered that his ostensibly deleted information from greater than a 12 months in the past was nonetheless saved on Instagram’s servers, and may very well be downloaded utilizing the corporate’s information obtain device.
“Instagram didn’t delete my information even once I deleted them from my finish,” he informed TechCrunch .
Pokharel reported the bug in October 2019 by Instagram’s bug bounty program. The bug was fastened earlier this month, he stated.
A spokesperson for Instagram informed TechCrunch: “The researcher reported a problem the place somebody’s deleted Instagram photos and messages can be included in a replica of their data in the event that they used our Download Your Information device on Instagram. We’ve fastened the problem and have seen no proof of abuse. We thank the researcher for reporting this subject to us.”
It’s a near-identical subject that Twitter fastened final 12 months, by which customers may entry long-deleted direct messages — together with messages despatched to and from suspended and deactivated accounts — utilizing its personal information obtain device.
Impossible Foods gobbles up another $200 million – TechCrunch
Impossible Foods has raised $200 million extra for its meat replacements.
The new spherical values the corporate at a Whopper-sized $four billion valuation, in line with the info tracker PrimeUnicorn Index.
The new spherical was led by Coatue, a technology-focused hedge fund; one other New York-based hedge fund, XN, additionally participated within the spherical.
Since its launch the corporate has raised $1.5 billion from traders, together with Mirae Asset Global Investments and Temasek. The presence of those new public/non-public funding corporations on Impossible Foods’ cap desk may imply that the corporate is readying itself for an preliminary public providing, however that’s simply hypothesis.
Impossible beforehand raised cash from funding corporations together with Horizon Ventures and Khosla Ventures, in addition to a number of the largest celebrities within the U.S., like: Jay Brown, Common, Kirk Cousins, Paul George, Peter Jackson, Jay-Z, Mindy Kaling, Trevor Noah, Alexis Ohanian, Kal Penn, Katy Perry, Questlove, Ruby Rose, Phil Rosenthal, Jaden Smith, Serena Williams, will.i.am and Zedd.
The most up-to-date value per share is $16.15, an up spherical from Series F at $15.4139, in line with PrimeUnicorn.
The firm mentioned it might use the funding to extend its analysis and growth efforts and work on new merchandise like pork, steak and milk, in addition to broaden its internationalization efforts and construct out its manufacturing capability.
“The use of animals to make meals is essentially the most damaging expertise on Earth, a number one driver of local weather change and the first explanation for a catastrophic international collapse of wildlife populations and biodiversity,” mentioned the extremely credentialed Dr. Patrick O. Brown, MD, PhD, CEO and founding father of Impossible Foods, in a press release. “Impossible Foods’ mission is to exchange that archaic system by making essentially the most scrumptious, nutritious and sustainable meats on the earth, straight from crops. To try this, Impossible Foods must maintain our exponential progress in manufacturing and gross sales, and make investments considerably in R&D. Our traders imagine in our mission to rework the worldwide meals system — and so they acknowledge a unprecedented financial alternative.”
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