Welcome to Insider Healthcare. I’m Lydia Ramsey Pflanzer, and today in healthcare news:
- We rounded up 23 of the most promising healthcare startups;
- Smaller pharmacy benefit managers reimagining how we pay for drugs are winning out as companies ditch incumbents;
- Here are the lengths digital health dealmakers are going to amid an industry boom.
Tomorrow, June 30, is your last day to submit nominations for our annual 30 under 40 list!
Send in your last-minute nominations here. Can’t wait to check them all out!
- We asked top venture capitalists to name the most promising US healthcare startups so far in 2021.
- VCs were asked to name companies in their portfolios and ones with which they had no financial ties.
- They named startups across healthcare segments, from biotech to digital health and wellness.
Companies are ditching massive drug-industry middlemen in favor of smaller competitors reimagining how we pay for drugs
- Drug-industry middlemen called pharmacy benefit managers are in trouble for overcharging customers.
- That’s driving business to companies that promise transparency and say they operate differently.
- But breaking in is tough for alternative PBMs that aren’t valued as highly by powerful consultants.
Digital-health dealmakers are working 18-hour days 7 days a week to keep up with the booming industry
- Dealmakers have been working overtime during the digital-health boom.
- Lawyers, bankers, and investors pull all-nighters and work seven days a week to make deals happen.
- Private funding for digital-health companies continues to break records each quarter in 2021.
More stories we’re reading:
- Intellia reported that six patients have safely had the DNA in their liver cells edited using the CRISPR gene-editing tool (Stat News)
- How Americans waged war on the scientists trying to save them (Insider)
- San Diego is suing three insurers, alleging they haven’t been maintaining accurate provider directories (Healthcare Dive)
- A former CIA officer opens up about his Havana Syndrome: 3 years of headaches, early retirement, and a fight for care (Insider)