Portfolio News

‘Virtual’ drug research is becoming a permanent reality as the coronavirus upends clinical trials and fuels a new breed of startups

Coronavirus has caused hospitals to cancel all but the most urgent appointments, and doctors are turning to telemedicine to take care of their patients from a distance. But behind the scenes, the pandemic is also accelerating a fundamental shift in the typical expensive, sluggish way drugmakers test new medications on people—also known as clinical trials. Traditionally, in clinical trials, patients report regularly to hospitals or clinics for check-ins or to receive their treatments. When the coronavirus hit, some drug companies and health systems were forced to...

How to See a Doctor and Get a Prescription Online

Although states and cities are starting to ease social distancing mandates, many people still feel more comfortable doing what they can to minimize the risk of catching the coronavirus. To accommodate this, many doctors are offering telemedicine services. But if your doctor isn’t seeing patients virtually, you can still find a licensed provider and get a prescription from home. Recently, New York magazine lined up its favorite telehealth providers for an assortment of services, and Hims & Hers was named the magazine’s favorite online service...

Biotech startup bringing 400 jobs to Durham after landing incentive package

GRAIL will bring 398 jobs to Durham, N.C., over the next five years, effectively doubling its workforce. The company landed an incentive package from the state of North Carolina valued at $5.7 million, and Durham County also pledged $678,000 in incentives. In return, GRAIL will invest $103 million into facilities including a laboratory, warehouse, and offices, and create 398 new jobs in a variety of fields. The company expects to start hiring in 2021. “Even in tough economic times, companies like GRAIL see that North Carolina is...

Drone deliveries are making their case in a crisis

With the coronavirus pandemic forcing people to spend most of their time indoors and, when possible, maintain social distancing, and with companies instituting numerous measures to minimize the threat and spread of infection, there has to be a safer and quicker method of exchanging goods and services. The good news is, there is one, and it comes in the form of drones. In a time of crisis, the operators of commercial drones are excited to step forward and show how drones can be beneficial to society. Matternet,...

Amwell Raises $194 Million, Committing to Expand the Best and Largest Digital Health Platform

Amwell has announced that it has closed its Series C financing round, adding $194 million in funding across two tranches. Many early investors and strategic partners participated in this round, including Allianz X and Takeda. Amwell will use significant parts of the funds to expand its investment in technology and services that make it easy, convenient, and effective for doctors and patients to connect securely at scale. The company will continue to ensure that clinical encounters remain fully integrated in existing workflows and enveloped with healthcare-appropriate...