leisure time -WSS

leisure time

author：fashion 2025-09-28 13:23:46 - browse：7626

Miniature people figurines standing in a group looking down. -- health tech coverage from STAT — Adobe

In less than two years, digital health’s high-flying class of public debuts have landed with a resounding thud.

Accelerated by the pandemic’s forced adoption of telehealth and other digital health solutions, 2021 saw more than 30 health technology startups go public, raising hundreds of millions and in some cases billions of dollars. Today, three members of the class of 2021 have gone bankrupt. Twelve companies have lost more than 90% of their initial value, including Bright Health Group, Cue Health, and Better Therapeutics. And dangerously low reserves have inspired desperate moves to slash costs, drum up liquidity, and find buyers.

Most recently, the bankruptcy of digital primary care company Babylon Health has drawn attention to the plight of newly-public health tech companies, and how the froth of dealmaking at the height of the pandemic led to overblown valuations. Before its debut in June 2021, Babylon was valued at $4.2 billion; after filing for bankruptcy in August, its U.K. telemedicine business was sold for just over $600,000.

Get unlimited access to award-winning journalism and exclusive events.

Subscribe Log In

Previous article： Novavax promises a turnaround & Lilly roils the obesity market
Next article： Generative AI mines health records to identify patients’ social needs

WSS

Why Sanofi got shellacked over its spinoff

Readout LOUD podcast: 2023 in review, and a look at biotech in 2024

Readout Newsletter: What happened with Sarepta's Duchenne data

The nurse manager staffing crisis is hurting patients

Readout Newsletter: XBI biotech index, Akero Therapeutics

The nurse manager staffing crisis is hurting patients

entertainment

leisure time

leisure time

Walensky prepares to leave CDC — and Congress — behind

New Medicare drug pricing powers could soon be upended in court

Novavax promises a turnaround & Lilly roils the obesity market

Readout Newsletter: New research from Sanofi, Regeneron, etc.

Medicare details structure of new drug price negotiation program

STAT Wunderkinds: Ruey Hu's digital tools for parsing research

New air purifier tech could be key to improving indoor air quality

JPM 2024: Nvidia claims we're in biological revolution. Are we?

George Santos makes 1st court appearance after pleading not guilty to 13 counts

Meta's Zuckerberg and Chan on track to put $50 billion into science

focus

Meta's Zuckerberg and Chan on track to put $50 billion into science

Risky weight loss products often used by teens globally, per study

New Medicare drug pricing powers could soon be upended in court

The SUPPORT Act is critical to fighting the opioid crisis

Diversifying clinical trials isn't enough to close racial gaps: study

Fauci’s Covid grilling leads GOP to weigh foreign research rules

focus

hotspot

explore

hotspot