Apologies for the two week long hiatus; we’ve both been occupied with our private lives. We celebrated Min-Sung’s wedding, had a drink, had a feast, had a blast, sobered up, … but now, back at the desk. 

Healthcare is one of the areas most likely to be transformed by machine learning systems, which are able to sift through large amounts of data quickly and find meaningful patterns. A public and private sector collaboration developed an algorithm that can detect kidney damage earlier. Kidney damage is a difficult field, responsible for 1.4mn deaths per year, and difficult to diagnose. But early diagnosis could prevent kidney failures. Still, there are lots of open questions: How will it play out in the clinical routine? Due to privacy issues – will the collaboration get hospital data access to actually do the analysis for patients? [≈ 5min]

Will 2020 continue in the spirit of 2019? After a long break, this year has turned a corner and we saw five digital health IPOs. One Medical has now hired banks to go public early in 2020. Amids rising fears of a possible recession, it’s not a surprise that they will aim for an early listing. Difficult to assess how One Medical will perform; at its core, it is more of a hospital chain than a software company. We’ve recently seen what happens if non-tech companies pretend to IPO at a tech multiple (WeRemember). However, part of One Medical’s experience is heavily digitized. Let’s wait for the numbers. [≈ 3min]

The amount of venture funding into digital health startups slowed in the third quarter after a busy first half. It is estimated that it will reach USD 7.3bn year end (2018:USD 8.3bn). Furthermore investors are placing bigger bets on a small number of companies (average deal size USD 20.9mn). Nine deals this year have topped USD 100mn. Special attention was brought up towards behavioral health and femtech products: 16 digital behavioral health companies that have raised a total of USD 416mn and 10 digital women’s health startups that together have garnered USD 177mn in funding so far this year. [≈ 7min]

«We are Closing as always with the quote of the week: «It’s hysteria, not a heart attack.» Babylon Health, a virtual GP, to female patients after entering their symptoms. Male patients that entered the same symptoms were told it might be a heart attack. .

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Have a productive week,

Dominik & Min-Sung

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