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Bridgewater’s Ray Dalio pledges $50 million for new health justice initiative

Ray Dalio, billionaire and founder of Bridgewater Associates LP, speaks during the Milken Institute Global Conference in Beverly Hills, California, U.S., on Wednesday, May 1, 2019. Photographer: Patrick T. Fallon/Bloomberg via Getty Images

Bloomberg | Bloomberg | Getty Images

Bridgewater Associates founder Ray Dalio is giving $50 million to NewYork-Presbyterian to fight health inequality at a time when the coronavirus pandemic has laid bare the disproportionate access to health care in the U.S.

The grant, which is from Dalio Philanthropies, will establish the Dalio Center for Health Justice. The center will “address health disparities and health justice through research, education, advocacy and investment in communities,” a statement said. Other initiatives include tackling unconscious bias in medicine, including when it comes to clinical trials.

“Our goal is to contribute to equal healthcare and equal education because we believe that these are the most fundamental building blocks of equal opportunity and a just society,” Dalio said in a statement.

Covid-19 has hit communities of color the hardest. According to the Centers for Disease Control and Prevention, Black and Hispanic Americans have been hospitalized at roughly 4.7 times the rate of White Americans. The death rate is also higher for minorities, with Black individuals 2.6 times as likely to succumb to the virus as White individuals.

“The COVID-19 pandemic exposed enduring health inequities in a new and alarming way, and the importance of health justice has never been clearer,” said Dr. Julia Iyasere, who will head the Dalio Center for Health Justice. “We are committed to improving the health and well-being of our patients and communities through research, dialogue and education, equity in our clinical operations, investment in our communities and advocacy for national change.”

According to Forbes Bridgewater oversees around $140 billion in assets, while Dalio has a personal net worth of roughly $16.9 billion. Since its founding in 2003, Dalio Philanthropies has given away more than $5 billion.

Dalio is a trustee of NewYork-Presbyterian.

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Cue Health awarded $481 million to scale up production of COVID-19 test: HHS

(Reuters) – The U.S. government has awarded diagnostic testing company Cue Health Inc $481 million to scale up the production of rapid COVID-19 molecular test, the Department of Health and Human Services said on Tuesday.

The company will raise the domestic production of COVID-19 test kits to 100,000 per day by March 2021 under the deal and deliver 6 million tests and 30,000 instruments to the government to support its response to the pandemic, the health agency said.

The point-of-care test can detect the novel coronavirus in about 20 minutes with nasal swab samples collected using a Sample Wand from the lower part of the nose, the HHS said.

The system also allows results to be sent to a mobile phone via an app.

The company’s test kit was approved by the U.S. Food and Drug Administration (FDA) in June for emergency use in patient care settings under the supervision of qualified medical personnel.

The development of the company’s health platform was supported by funding from the Biomedical Advanced Research and Development Authority (BARDA) for a molecular influenza test, starting in 2018, the department said.

BARDA later expanded the collaboration with the company to include the development of Cue’s COVID-19 test, it added.

(Reporting By Mrinalika Roy and Vishwadha Chander in Bengaluru; Editing by Anil D’Silva)

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Caliber, with $2.2 million in seed funding, launches a fitness coaching platform

The coronavirus pandemic has thrown the fitness space for a loop. Caliber, a startup that focuses on one-to-one personal training, is today launching a brand new digital coaching platform on the heels of a $2.2 million seed round led by Trinity Ventures .

Caliber launched in 2018 with a content model, offering an email newsletter and a library of instructional fitness content.

“My cofounders started testing the idea of coaching people individually and that’s where the light bulb really went off,” said cofounder and CEO Jared Cluff. “They saw that more than anything, people need expert guidance and a really genuinely personalized plan for their fitness routine.”

That was the origin of Caliber as it is known today.

When users join the platform they are matched with a Caliber coach. The company says that it brings on about five of every 100 applications for coaches on the platform, accepting only the very best trainers.

These coaches then take into account the goals of users and build out a personalized fitness plan in conjunction with the user, which begins with a video or phone consultation. Once the plan, which is comprised of strength training, cardio and nutrition, is finalized, the coach loads it into the app.

Users then follow the instructions from their instructor via the app and log their progress. Interestingly, these aren’t live video appointments with a trainer, but rather an asynchronous ongoing conversation with a coach that is facilitated by the app.

Users can also integrate their Apple Health app with Caliber to track nutrition and cardio, giving the coach a full 360-degree view of their progress.

Alongside providing feedback and encouragement, the coach ultimately provides a layer of accountability.

This combination of real human coaching in a less synchronous, time intensive manner has allowed for Caliber to charge at a higher price than your standard workout generator apps but come in much lower than the average cost of an actual, in-person personal trainer.

Most Caliber users will pay between $200 and $400 per month to use the platform. Coaches, which are 1099 workers on Caliber, take home 60 percent of the revenue generated from users.

Pre-launch, Caliber has more than tripled its membership across the last six months and increased the number of workouts per member by 150 percent, according to the company. Cluff says the startup is doing north of $1 million in annual recurring revenue.

Of the 41 trainers on the platform, 37 percent are female and about a quarter are non-white. On the HQ team, which totals seven people, one is female and two-thirds of the founding team are LGBTQ.

“The biggest challenge is not dissimilar to the challenge we faced at Blue Apron, where I was most recently, in that we wanted to create the category around mealkits,” said Cluff. “We want to build a category around fitness training in a space that is super fragmented with no branded leader.”

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Asia Today: China city says it’s tested 3 million for virus

Authorities in the eastern Chinese port city of Qingdao said they have completed coronavirus tests on more than 3 million people following the country’s first reported local outbreak of the virus in nearly two months

The National Health Commission, however, said Tuesday that at least six new cases of the virus were found in Qingdao in the past 24 hours.

The reason for the discrepancy was not immediately clear. China’s methods for logging and reporting of virus numbers has been questioned since the pandemic first began late last year in its city of Wuhan.

The National Health Commission numbers released Tuesday reported a total of 30 new virus cases in the previous 24 hours nationwide. It broke down those numbers into 13 cases in which people had symptoms and 17 cases in which they had no symptoms. The total number of locally transmitted cases, both with and without symptoms, was 11, while the rest were listed as imported.

China has reported a total of 4,634 deaths from coronavirus among 85,591 cases it has reported. It has not provided a running total of asymptomatic cases, believed to number in the thousands.

Qingdao is a major commercial harbor and industrial center known for electronics and the country’s most famous brewery, as well as the home of the Chinese navy’s northern fleet.

China’s last reported local outbreak was in the northwestern city of Urumqi in the far western Xinjiang region, with all cases since then found among those arriving from outside China.

China has relaxed masking and social distancing requirements in the wake of falling case numbers, but has maintained robust testing as it seeks to return the economy to full functioning.

In other developments in the Asia-Pacific region:

— South Korea has reported 102 new cases of the coronavirus, its first daily increase of more than 100 in six days. The rise is a cause of concern as officials lowered social distancing restrictions this week after

One-third of Chinese city of 9 million swabbed for virus in two days

More than three million swabs have been taken in a matter of days in Qingdao, the Chinese port city where a minor coronavirus outbreak elicited a sweeping health response.

Queues for testing stretched deep into Monday night across the eastern city, which detected six virus cases the day before but swiftly swung into action to head off a wider outbreak.

In scenes which contrast with the fumbled efforts of other nations to establish effective testing regimes, Qingdao health workers in protective gear set up tents to take samples across neighbourhoods, where parents brought toddlers for testing.

Residents said on social media that community representatives informed them of their nearest testing stations, with local districts helping to organise sample collection for mass testing.

“As of 8 am… our city has taken 3.08 million samples for nucleic testing, with 1.11 million results received,” Qingdao’s health commission said in a statement Tuesday.

In addition to six people with symptoms, there six asymptomatic cases have been detected so far.

The city declared it aims to test its entire population — around 9.4 million — within five days of the detection of the first cases at a hospital on Sunday.

It was not immediately clear how fast results could be processed, although China has paraded its rapid testing capacities during previous minor outbreaks.

China’s ruling Communist Party is desperate to show its ability to manage the pandemic to its citizens — as well as to foreign audiences — after it emerged in the central city of Wuhan.

The country has bounced back since the virus emerged late last year and forced widespread lockdowns that hammered the world’s second-largest economy.

China is also desperate to be the first nation to produce a coronavirus vaccine, with several companies in final-stage trials.

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Asia Today: China City Says It’s Tested 3 Million for Virus | World News

BEIJING (AP) — Authorities in the eastern Chinese port city of Qingdao said Tuesday that they have completed coronavirus tests on more than 3 million people following the country’s first reported local outbreak of the virus in nearly two months.

The city’s health department said no new positive cases had been found among the more than 1.1 million test results returned thus far. The city said it had a total of 12 cases, six with symptoms and six without, since the new outbreak was first spotted over the weekend at a hospital.

The National Health Commission, however, said Tuesday that at least six new cases of the virus were found in Qingdao in the past 24 hours.

The reason for the discrepancy was not immediately clear. China’s methods for logging and reporting of virus numbers has been questioned since the pandemic first began late last year in its city of Wuhan.

The National Health Commission numbers released Tuesday reported a total of 30 new virus cases in the previous 24 hours nationwide. It broke down those numbers into 13 cases in which people had symptoms and 17 cases in which they had no symptoms. The total number of locally transmitted cases, both with and without symptoms, was 11, while the rest were listed as imported.

China has reported a total of 4,634 deaths from coronavirus among 85,591 cases it has reported. It has not provided a running total of asymptomatic cases, believed to number in the thousands.

Authorities in Qingdao have said they plan to test all 9 million people in the city by the end of the week, similar to previous mass testing campaigns in other cities where outbreaks have been detected. Testing began with “close contacts, close contacts of those close contacts and more casual contacts,” gradually expanding to all districts of the city, the health department said.

Qingdao is a major commercial harbor and industrial center known for electronics and the country’s most famous brewery, as well as the home of the Chinese navy’s northern fleet.

China’s last reported local outbreak was in the northwestern city of Urumqi in the far western Xinjiang region, with all cases since then found among those arriving from outside China.

China has relaxed masking and social distancing requirements in the wake of falling case numbers, but has maintained robust testing as it seeks to return the economy to full functioning.

In other developments in the Asia-Pacific region:

— South Korea has reported 102 new cases of the coronavirus, its first daily increase of more than 100 in six days. The rise is a cause of concern as officials lowered social distancing restrictions this week after concluding that the viral spread was slowing after a spike in mid-August. The figures released by the Korea Disease Control and Prevention Agency brought the national totals since the pandemic began to 24,805 infections and 434 deaths. Fifty-eight of the new cases was reported from the Seoul metropolitan area, while 33 of the new cases have

China city says it’s tested 3 million for virus

BEIJING (AP) — Authorities in the eastern Chinese port city of Qingdao said Tuesday that they have completed coronavirus tests on more than 3 million people following the country’s first reported local outbreak of the virus in nearly two months.



People wearing face masks to help curb the spread of the coronavirus walk across a street during the morning rush hour in Beijing, Tuesday, Oct. 13, 2020. (AP Photo/Andy Wong)


© Provided by Associated Press
People wearing face masks to help curb the spread of the coronavirus walk across a street during the morning rush hour in Beijing, Tuesday, Oct. 13, 2020. (AP Photo/Andy Wong)

The city’s health department said no new positive cases had been found among the more than 1.1 million test results returned thus far. The city said it had a total of 12 cases, six with symptoms and six without, since the new outbreak was first spotted over the weekend at a hospital.

The National Health Commission, however, said Tuesday that at least six new cases of the virus were found in Qingdao in the past 24 hours.



A man wearing a face mask to help curb the spread of the coronavirus walks by a poster which advises people for social distancing, on a street in Beijing, Tuesday, Oct. 13, 2020. (AP Photo/Andy Wong)


© Provided by Associated Press
A man wearing a face mask to help curb the spread of the coronavirus walks by a poster which advises people for social distancing, on a street in Beijing, Tuesday, Oct. 13, 2020. (AP Photo/Andy Wong)

The reason for the discrepancy was not immediately clear. China’s methods for logging and reporting of virus numbers has been questioned since the pandemic first began late last year in its city of Wuhan.

The National Health Commission numbers released Tuesday reported a total of 30 new virus cases in the previous 24 hours nationwide. It broke down those numbers into 13 cases in which people had symptoms and 17 cases in which they had no symptoms. The total number of locally transmitted cases, both with and without symptoms, was 11, while the rest were listed as imported.



A man adjusts his face mask to help curb the spread of the coronavirus on a street during the morning rush hour in Beijing, Tuesday, Oct. 13, 2020. (AP Photo/Andy Wong)


© Provided by Associated Press
A man adjusts his face mask to help curb the spread of the coronavirus on a street during the morning rush hour in Beijing, Tuesday, Oct. 13, 2020. (AP Photo/Andy Wong)

China has reported a total of 4,634 deaths from coronavirus among 85,591 cases it has reported. It has not provided a running total of asymptomatic cases, believed to number in the thousands.

Authorities in Qingdao have said they plan to test all 9 million people in the city by the end of the week, similar to previous mass testing campaigns in other cities where outbreaks have been detected. Testing began with “close contacts, close contacts of those close contacts and more casual contacts,” gradually expanding to all districts of the city, the health department said.

Qingdao is a major commercial harbor and industrial center known for electronics and the country’s most famous brewery, as well as the home of the Chinese navy’s northern fleet.

China’s last reported local outbreak was in the northwestern city of Urumqi in the far western Xinjiang region, with all cases since then found among those arriving from outside China.



People wearing face masks to help curb the spread of the coronavirus walk on a street during the morning rush hour in Beijing, Tuesday, Oct. 13, 2020. (AP Photo/Andy Wong)


© Provided by Associated Press
People wearing face masks to help curb the spread of the coronavirus walk

Nym Health raises $16.5 million for its auditable machine learning tools for automating hospital billing

A little less than two years after raising its seed round, the Israeli-based Nym Health has added another $16.5 million to its cash haul so it can roll out its technology developing auditable machine learning tools for automating hospital billing.

The new financing came from investors including GV (the investment arm of Google previously known as Google Ventures) and will be used by the company to expand its technology development and sales and marketing efforts across the U.S.

Billing has been a huge problem for healthcare systems in the U.S., thanks to complicated coding that needs to be entered to ensure insurance providers pay for the services medical professionals give to patients.

Nym claims to have solved the problem by developing technologies that can convert medical charts and electronic medical records from physician’s consultations into proper billing codes automatically. The company uses natural language processing and taxonomies that were specifically developed to understand clinical language to determine the optimal charge for each procedure, examination and diagnostic conducted for a patient, according to Nym.

The company was founded in 2018 by two former members of Israel’s 8200 cybersecurity unit of the army. Adam Rimon and Amihai Neiderman both wanted to work on something together and Neiderman was set on doing something in the medical space involving natural language processing. Rimon had just finished a doctorate in computational linguistics so the move into charting and medical coding seemed natural.

“Because of our approach we can generate full audit trails,” said Neiderman. “We can explain how we understood everything in patient charts.”

Having automated processes that are also auditable is important for healthcare providers in case they need to provide justification to insurance companies for the services they performed.

Nym’s software can’t address fraud if physicians are padding their bills with services they didn’t offer, but it can provide an audit and justification for the services that a hospital coded for — and potentially wring more money for hospitals that lose out thanks to improperly coded bills. “On the medical decision-making we never intervene. We assume that the physician is trying to do their best and they’re sticking to the protocol,” said Neiderman. 

Interest in developing better billing systems for healthcare is high among venture investors, considering that coding related denials of payment can cost hospitals $15 billion, according to Nym. It’s a service that brought attention not just from GV, but of Bessemer Venture Partners, Dynamic Loop Capital, Lightspeed, Tiger Global, and angel investors including Zach Weinberg and Nat Turner from Flatiron Health.

“Inaccurate coding is bad for everybody,” says Ben Robbins, a venture partner at GV.

Nym charges between $1 and $4 per chart it analyzes, and is already working with around 40 medical providers in the U.S., according to the company.

 

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Global Disposable Tweezers Market to Surpass US$ 380.6 Million by 2027, Says Coherent Market Insights (CMI)

According to Coherent Market Insights, the global disposable tweezers market is estimated to be valued at US$ 276.0 million in 2020 and is expected to exhibit a CAGR of 5.30% over the forecast period (2020-2027).

Key Trends and Analysis of the Global Disposal Tweezers Market:

Global disposable tweezers market is expected to have significant growth, owing to increase in the surgical procedures and thus driving the growth of disposable tweezers market. According to US National Library of Medicine report published in 2016, stated that every year till 2016 approximately 310 million of individuals undergo surgical treatments due to various health conditions such as cancers, cardiovascular diseases, and oral diseases.

Moreover, global disposable tweezers market is going to witness significant growth owing to various research institutes and academic institutes are taking initiatives in field of disposables market. For instance, in 2017, UC San Diego Health, the academic health system of the University of California and academic hospital system in San Diego, suggested the pharmacy stores and retail stores in US to include following medical and surgical equipment first health kit. Medical and surgical equipment included in list were sterile gauge pads, rectangular bandages, pair of plastic tweezers and forceps and one breathing barrier.

Among region, Europe has increasing prevalence of oral diseases such periodontitis, and tooth decay are leading to rise in use of surgical equipment such as tweezers, dental glasses, these factors are expected to drive the disposable tweezers market in the region. According to World Health Organization report published in 2016, stated that approximately 20% to 90% of children of age below 6 years are suffering from dental caries and undergo procedures for removal of tooth decays and approximately 5% to 20% of adults are suffering from periodontitis.

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Key Market Takeaways:

The global disposable tweezers market is expected to exhibit a CAGR of 5.30% over the forecast period, as increasing prevalence of dentistry procedures, increasing initiatives by research institutes for use of surgical equipment and increasing prevalence of surgical procedures.

Competitive Landscape:

Key players operating in the global disposable tweezers market include Burkle Inc, Sampling Systems Ltd, TIGA-MED Germany GmbH, MECO Instruments Pvt. Ltd, Arrowhead Forensics, 3M Healthcare, Cole-Parmer, Caplugs Evergreen, MilliporeSigma, and Changzhou Yuekang Medical Appliance Co., ltd.

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Market Segmentation:

  • Global Disposable Tweezers Market, By Product Type :

  • Global Disposable Tweezers Market, By Application:

    • Dental

    • Surgical

    • Forensic

    • Others

  • Global Disposable Tweezers Market, By Distribution Channel:

    • Hospital Pharmacies

    • Retail Pharmacies

    • Online Pharmacies

  • Global Disposable Tweezers Market, By Region:

    • North America

    • Latin America

      • Brazil

      • Mexico

      • Argentina

      • Rest of Latin America

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

      • Russia

      • Rest of Europe

    • Asia Pacific

      • China

      • India

      • Japan

      • Australia

      • South Korea

      • ASEAN

      • Rest of Asia Pacific

    • Middle East

      • GCC

      • Israel

      • Rest of Middle East

    • Africa

      • South Africa

      • Central Africa

      • North Africa

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Global Amitriptyline Market to Surpass US$ 762.6 Million by 2027, Says Coherent Market Insights (CMI)

According to Coherent Market Insights, the global amitriptyline market is estimated to be valued at US$ 527.4 million in 2020 and is expected to exhibit a CAGR of 5.3% during the forecast period (2020-2027).

Key Trends and Analysis of the Global Amitriptyline Market:

Various research institutes are studying the effect of amitriptyline for various disease indications, which is expected to drive the growth of global amitriptyline market. For instance, in April 2016, Boston Medical Center has initiated phase 2 clinical study to compare the effectiveness of amitriptyline versus placebo (inactive medication) in treating chronic laryngitis. The study is expected to complete in October 2022.

The increasing prevalence of depression or bipolar disorders is expected to drive demand for tricyclic antidepressants such as amitriptyline, and thereby contribute to the growth of the global amitriptyline market. According to the Global Burden of Disease Collaborative Network, in 2017, the prevalence of bipolar disorder ranged from 0.3% to 1.2% by country and around 46 million people suffered from the bipolar disorder worldwide. Bipolar disorder is a brain disorder, also known as manic illness that affects the mood, energy level, and other activities.

Moreover, the increasing prevalence of migraine is another factor contributing to growth of the amitriptyline market. According to Migraine Research Foundation, migraine is the third most common disease in the world, and has affected 39 million men, women and children in the U.S. and 1 billion worldwide in 2019.

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Key Market Takeaways:

The Global Amitriptyline Market is expected to exhibit a CAGR of 5.3 % during the forecast period, due to increasing prevalence of neuropathic pain, and migraine.

Among regions, Asia Pacific is expected to witness significant growth in the global Amitriptyline Market during the forecast period owing to presence of local players in the region such as ALPIC BIOTECH (India), Dycine Pharmaceuticals Limited, Mesmer Pharmaceuticals, and other companies offering amitriptyline.

Competitive Landscape:

Key players operating in the Global Amitriptyline Market are Accord Healthcare Inc., Mylan Pharmaceuticals Inc., Sandoz Inc., Sun Pharmaceutical Industries Inc., Vintage Pharmaceuticals Inc., Zydus Pharmaceuticals USA Inc., Watson laboratories Inc., and Torrent Pharmaceuticals Ltd.

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Market Segmentation:

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Collagen Filler Market, by Product Type (Collagen with PMMA and Collagen without PMMA), by Source (Bovine, Porcine, and Others), by Application (Face Rejuvenation, Wrinkles, Scar Treatment, Lip Treatment, Cellulite Reduction, and Others), By End User (Hospitals, Dermatology Clinics, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa) – Size, Share, Outlook, and Opportunity Analysis, 2020 – 2027

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