InnovationRx: New Covid-19 Billionaires

Sumary of InnovationRx: New Covid-19 Billionaires:

• Forbes released its 35th annual world billionaire rankings this week, and not even a global pandemic tempered the explosion of new wealth, with a new billionaire roughly ever 17 hours in 2020..
• Forty of those newcomers made their wealth fighting Covid-19, with Hong Kong Li Jianquan and family, owners of Winner Medical, topping the list at $6.8 billion thanks to producing billions of masks and millions of protective overalls and gowns for healthcare workers fighting the virus..
• Seven of the top ten richest healthcare billionaires are based in China, with Jiang Rengshen and family topping the list at $24.4 billion..
• We’ll be on the lookout for new billionaires in 2021, as venture capital continues to flood the healthcare industry..
• Digital health startups raised over $6.7 billion in the first quarter, according to a new report from Rock Health..
• This Startup Raised $40 Million To Build A ‘Mini-Kaiser Permanente’ DARELENE DEVITA/FIREFLY HEALTH Firefly Health began as a virtual primary care startup, but has quickly grown to include virtual behavioral health and speciality care..
• This new offering will be a full health plan benefit along the lines of Oakland, California-based vertically integrated health insurer and services provider Kaiser Permanente..
• The idea is to get fully-insured small business owners, who are being crushed by rising employee healthcare costs, to switch to a self-insured pooled plan administered by Firefly with the promise of a reduction in their overall healthcare costs..
• Noteworthy General Catalyst has raised $600 million for a new health-specific fund, in addition to its two health-focused SPACs..
• Cerner is growing a billion dollar big data business, starting with its $375 million acquisition of Kantar Health..
• Nearly 50% of venture-backed healthcare companies have no women on the board, according to a Deerfield Management report..
• Coronavirus Updates After an extensive investigation into the AstraZeneca-Oxford vaccine, the European Medicines Agency announced today that there does seem to be a possible link between the vaccine and cases of rare blood clots…

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From Forbes - April 8, 2021