Author: Erin Dietsche

Five startups from Y Combinator that should be on your radar

On Monday, Y Combinator’s 2017 Summer Demo Day kicked off in Mountain View, California. The three-day event presents an opportunity for the incubator’s newest class of startups to showcase what they’ve got. In addition to its biannual Demo Days, Y Combinator is having an exciting year. Last month, news came out that the entity is raising up to $1 billion for a new venture capital fund, according to Axios. A handful of the startups that presented at Y Combinator’s Demo Day have ties to the healthcare industry, according to TechCrunch. Here are five to keep on your radar. Based (unsurprisingly) in Cambridge, England, Cambridge Cancer Genomics seeks to improve the cancer treatment process. Through machine learning algorithms, the company has created a blood test that can track a cancer patient’s treatment response. In other words, it helps pinpoint the individuals who aren’t responding to chemotherapy early on. CCG’s four founders all have expertise in oncology and have earned (or are earning) PhDs. Darmiyan‘s technology enables it to detect Alzheimer’s disease in a patient up to fifteen years before symptoms appear. The San Francisco company’s mission is to “create a fast, non-invasive, inexpensive, precise and globally accessible tool for brain health screening and monitoring.” Additionally, its platform produces maps of distribution kinetics in the brain. Through Forever Labs, individuals can cryogenically freeze their stem cells and store them until they’re needed to fight age-related diseases. Because stem...

Read More

Soon-Shiong’s NantWorks to acquire stake in six California hospitals

Patrick Soon-Shiong arrives at the Trump National Golf Club Bedminster clubhouse in Bedminster Township, N.J. on Saturday, Nov. 19, 2016. This article has been updated with a comment from Verity Health CEO Andrei Soran. Entrepreneur and surgeon Patrick Soon-Shiong has ventured into the hospital and patient care business. NantWorks, his Culver City, California-based company, has acquired a majority stake in Integrity Healthcare, the management company of Verity Health System. Through the deal, NantWorks will become the operator of six hospitals. Four of them — O’Connor Hospital, St. Louise Regional Hospital, Seton Medical Center, Seton Coastside — are in northern California, and two — St. Francis Medical Center and St. Vincent Medical Center — are in southern California. In a statement, Jack Krouskup, chairman of the Verity Health System board of directors, said the collaboration will include expanded oncology, orthopedic, neurology, cardiac, urology, transplant and pediatric services. It also envelops added investments in imaging services and stem cell therapy. “The transaction between NantWorks and Integrity is an opportunity for Verity Health to accelerate growth and enhance the quality of care available to every individual,” Verity Health CEO Andrei Soran said via email. “The health system will benefit from the visionary leadership of NantWorks founder Dr. Patrick Soon-Shiong combined with the experience of our high-performing management team.” Verity has been struggling fiscally for some time now. In 2015, private investment firm BlueMountain, which created...

Read More