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Diabetes startup Omada Health has confidentially filed its S-1 for an IPO, BI has learned. Fellow healthcare startup Hinge Health has hired banks as it prepares to confidentially file its S-1. AdvertisementRumors about diabetes startup Omada Health's public market debut have been swirling for years. Omada Health confidentially filed its S-1 this summer to go public, according to one person with knowledge of the transaction. After 20 healthcare startups went public in 2021, only one healthcare company went public the following year — Akili Interactive, which sold for $34 million this July.
Persons: , Health confidentially, It's, Sean Duffy, Morgan Stanley, Cameron Lester, Ben Narasin, Duffy, Omada Organizations: BI, Service, Health, Lyra, Tempus, Jefferies, Venture, Amazon
Akili McDowell, who is best known for his roles in "David Makes Man" and "Billions," was arrested in connection with a murder last month. McDowell, 21, was taken into custody on Thursday and charged with murder and theft, online jail records show. The sheriff's office said that several witnesses reported that the victim had been in a physical altercation with another man before the shooting, the AP reported. McDowell played David in the OWN television series "David Makes Man," about a teenage prodigy who had to juggle growing up in a tough South Florida neighborhood and attending a magnet school for academically gifted students. He also had a recurring role in Showtime's "Billions" as Savion Williams and appeared in the movie "The Waterboyz."
Persons: Akili McDowell, David, Cesar Peralta, Harris County Sherif Ed Gonzalez, McDowell, Jonell Whitt, Savion Williams Organizations: Facebook, Associated Press, AP Locations: Houston, Harris County, Florida, Showtime's
Only one digital health startup went public in the US in 2022 — digital therapeutics company Akili Interactive, whose shares have since crashed a whopping 97%, per MarketWatch. Not a single healthcare startup went public last year. ArriVent Biopharma went public a few days later, bringing in $175 million. AdvertisementIndustry experts remain skeptical about whether the public markets will be ready for a successful healthcare IPO this year. Business Insider has identified seven startups that could be considering an IPO as the markets reopen, based on conversations with top VCs and bankers and public filings.
Persons: , Metagenomi, ArriVent Biopharma Organizations: Service, Business, Akili Interactive, Alto Neuroscience, Oncology, BrightSpring Health Services, KKR, Walgreens, Industry
People with ADHD may face some barriers to success in corporate environments, a psychologist told Business Insider. AdvertisementPeople with attention-deficit/hyperactivity disorder may struggle to keep up with their peers in the corporate workplace and could be "passed over for promotions," a clinical psychologist told Business Insider. Dr. Scott Kollins, chief medical officer at Akili Interactive and a clinical psychologist, told BI about some of the barriers professionals with ADHD can face in corporate environments. AdvertisementKollins explained that ADHD symptoms, like the ones experienced by Trefren, can frequently show up in the workplace. Watkins advises people to disclose their condition in the workplace if they feel comfortable so that employers can be accommodating.
Persons: Dr, Scott Kollins, , Kollins, Sarah Trefren, Trefren, you'll, Bryan Watkins, Watkins, wean Organizations: Service, Akili Interactive, Trefren, California Republican Party
Atlanta, GA CNN —Taraja Ramsess, a stuntman, actor and martial artist known for his work on the “Black Panther” and “Avengers” movies, is being mourned after he and three of his children were killed as a result of a car crash in Georgia last week. His mother, Akili Ramsess, a photojournalist who is executive director of the National Press Photographers Association (NPPA), announced his death and that of two of his daughters in an Instagram post. “My beautiful, loving, talented son Taraja @chop.saki, along with two of my grand babies, his 13 yo daughter Sundari and his 8-week old newborn daughter Fujibo, were killed the previous night in a horrific traffic accident,” she wrote. She also wrote that two of Ramsess’ daughters survived the accident, with his three-year-old, Shazia, being hospitalized with his 10-year-old son, Kisasi, who she wrote was on life support. His long-time friend and X3 Sports trainer Tony Tucci told WSB-TV, “When I first heard about it, I broke down.
Persons: Taraja, Akili, Taraja @chop.saki, Sundari, Fujibo, , Ramsess ’, Kisasi, Tony Tucci, ” Tucci, , Ava DuVernay, Ramsess, III Organizations: Atlanta, CNN, Atlanta TV, WSB, National Press Photographers Association, X3, Law, ” CNN, Marvel Studios Locations: Georgia
With digital therapeutics' trailblazers in jeopardy, experts think more failures are on the horizon. Covering digital therapeutics hasn't been easyInsurers, the ultimate gatekeepers in healthcare, have been slow to warm to the idea of reimbursing prescription digital therapeutics. Plus, most digital therapeutics don't integrate with electronic-health-records systems, making it difficult for clinicians to track their patients' progress. Senators reintroduced a bill in March that would guarantee Medicare reimbursement for prescription digital therapeutics. Want to tell us about your experience with digital therapeutics?
Persons: Pear, It's, Akili, Jeffrey Abraham, Rick Bartels, Bartels, Corey McCann, Matt Stoudt, Stoudt, Matthew Stoudt, keener, we'll, that's, Abraham, Rebecca Torrence Organizations: Morning, Pear Therapeutics, Food and Drug Administration, FDA, Digital Therapeutics, Pear, Centers, Medicare, Services, Senators, CMS
Healthcare startup LinusBio just raised a $16 million Series A funding round. The startup uses precision sequencing to detect autism and other complex diseases at birth. Disease detection and treatment startup LinusBio just raised a $16 million Series A funding round led by GreatPoint Ventures and Bow Capital. The startup diverges from startups like Elemy and Akili Technologies, which focus on treatment and support for people already diagnosed with autism. Check out the 16-page pitch deck LinusBio used to raise $16 million from VCs.
SVB Securities' Jon Swope thinks some digital-health startups will IPO in the second half of 2023. In 2021, 15 US-based digital-health companies went public via IPO, according to Rock Health. Only one digital-health company has gone public this year: Akili Interactive Labs, which went public in August in a SPAC deal. Seeing the writing on the wall, digital-health companies like Komodo Health that sought to IPO this year are now putting those plans on hold. But SVB Securities' Jon Swope said he thinks the IPO market will reopen for certain digital-health companies in the second half of 2023.
Komodo Health has ditched its plans for an initial public offering in the near future. Digital health's IPO desertGlobally, only six digital health companies have gone public via IPO in 2022 so far, according to a report by Galen Growth and Finn Partners. Besides Komodo, two other digital health companies were said to be pursuing an IPO earlier this year before the market slipped. "The IPO market is shut right now, for all intents and purposes," said Jon Swope, who leads SVB Securities' digital health and healthtech business. "How soon will we see the return of that for the IPO market?"
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