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<p>Hello,</p><p>Welcome to Insider <keyword id="6354525" type="UNKNOWN" weightage="100" keywordseo="healthcare">Healthcare</keyword>. I'm Lydia Ramsey Pflanzer, and today in healthcare news:</p><ul><li><a href="https://www.businessinsider.com/amazon-care-nears-national-launch-telehealth-2021-3">We got the scoop that Amazon's gearing up to launch its telehealth business nationally</a>;</li><li><a href="https://www.businessinsider.com/sage-ceo-interview-biotech-must-move-forward-after-commercial-failure-2021-3">How Sage Therapeutics is trying to avoid another flop with its second drug</a>;</li><li><a href="https://www.businessinsider.com/elevatebio-ceo-interview-raising-525-million-for-cell-gene-therapy-2021-3">ElevateBio raises $525 million from investors including SoftBank</a>.</li></ul><p>If you're new to this newsletter, <a href="http://newsletter.businessinsider.com/join/4np/newsletter.businessinsider.com/join/4np/insider-healthcare">sign up here.</a> Comments, tips, recipes? Email me at <a href="mailto:lramsey@insider.com">lramsey@insider.com</a> or tweet <a href="https://twitter.com/lydiaramsey125">@lydiaramsey125</a>. Now, let's get to it...</p><h3><a href="https://www.businessinsider.com/amazon-care-nears-national-launch-telehealth-2021-3"></a></h3><h3><a href="https://www.businessinsider.com/amazon-care-nears-national-launch-telehealth-2021-3">Amazon is gearing up to launch its telehealth business for other companies and the rest of its US employees</a></h3><ul><li><keyword id="18635" type="CITY" weightage="60" keywordseo="Amazon">Amazon</keyword> is expanding its healthcare business, Amazon Care, nationally.</li><li>It started the service, which does telehealth and home visits, with Amazon workers in Washington.</li><li><a href="https://www.businessinsider.com/amazon-care-nears-national-launch-telehealth-2021-3">Amazon Care is the beginning of Amazon's efforts to change how people in the US get healthcare.</a></li></ul><p><strong><a href="https://www.businessinsider.com/amazon-care-nears-national-launch-telehealth-2021-3">Get the full scoop here&gt;&gt;</a></strong></p><p><a href="https://www.businessinsider.com/sage-ceo-interview-biotech-must-move-forward-after-commercial-failure-2021-3"><strong><div type="image" title="Barry Greene" height="612" width="816" msid="81513958" hostid="261"></div></strong></a></p><h3><a href="https://www.businessinsider.com/sage-ceo-interview-biotech-must-move-forward-after-commercial-failure-2021-3">Sage's first depression drug flopped. The biotech's CEO shares how he's trying to avoid a repeat with its next treatment.</a></h3><ul><li>Barry Greene took over as Sage's CEO after it cut the entire sales force behind its first drug.</li><li>Its second drug, zuranolone, must compete with cheap depression drugs already on the market.</li><li><a href="https://www.businessinsider.com/sage-ceo-interview-biotech-must-move-forward-after-commercial-failure-2021-3">The zuranolone launch could also affect Biogen's business, thanks to a $3.1 billion partnership.</a></li></ul><p><strong><a href="https://www.businessinsider.com/sage-ceo-interview-biotech-must-move-forward-after-commercial-failure-2021-3">Check out more from the conversation here&gt;&gt;</a></strong></p><h3><a href="https://www.businessinsider.com/elevatebio-ceo-interview-raising-525-million-for-cell-gene-therapy-2021-3"><div type="image" title="ElevateBio creates companies to lead treatments" height="3456" width="4608" msid="81513960" hostid="261"></div></a></h3><h3><a href="https://www.businessinsider.com/elevatebio-ceo-interview-raising-525-million-for-cell-gene-therapy-2021-3">SoftBank is betting on a gene therapy biotech in a mammoth $525 million round. ElevateBio's CEO told us how he plans to use the cash to support a genetic revolution in medicine.</a></h3><ul><li>The Massachusetts biotech <keyword id="10932771" type="UNKNOWN" weightage="60" keywordseo="elevatebio">ElevateBio</keyword> raised $525 million in an industry-record Series C round.</li><li>The company produces cell- and gene-therapy medicines and is also now making its own research bets.</li><li><a href="https://www.businessinsider.com/elevatebio-ceo-interview-raising-525-million-for-cell-gene-therapy-2021-3">The latest raise includes funds from the investment firm SoftBank.</a></li></ul><p><strong><a href="https://www.businessinsider.com/elevatebio-ceo-interview-raising-525-million-for-cell-gene-therapy-2021-3">Find out more here&gt;&gt;</a></strong></p><p><strong>More stories we're reading today:</strong></p><ul><li><a href="https://www.businessinsider.com/theranos-elizabeth-holmes-pregnant-trial-delay-request-2021-3">Former Theranos CEO Elizabeth Holmes is pregnant, and is requesting her federal trial be delayed again</a> (Insider)</li><li><a href="https://www.wired.com/story/the-us-has-3-covid-vaccines-testing-new-ones-is-complicated/">Having 3 authorized vaccines makes testing new ones more complicated</a> (Wired)</li><li><a href="https://www.businessinsider.com/covid-19-vaccines-efficacy-variants-south-africa-uk-brazil-2021-3">One chart shows how well COVID-19 vaccines work against the 3 most worrisome coronavirus variants</a> (Insider)</li><li><a href="https://www.washingtonpost.com/health/2021/03/11/immunocompromised-patients-covid-variants/">People who are immunocompromised and get COVID-19 might play a role in the mutating variants</a> (Washington Post)</li><li><a href="https://www.businessinsider.com/is-it-crime-to-give-away-unclaimed-covid-shots-doctors-dilema-2021-3">Is it a crime to give away leftover COVID shots? Doctors and other healthcare workers fear legal consequences as they wait for Justice Department guidance.</a> (Insider)</li></ul><p>- Lydia</p>

Amazon is getting ready to launch Amazon Care nationally

<ul class="summary-list"><li>Reed Jobs, the son of Steve Jobs, launched Yosemite, a VC firm that will invest in cancer treatments.</li><li>The 31-year-old started the the fund after his dad died from complications with pancreatic cancer.</li></ul><p><a href="https://www.businessinsider.com/steve-jobs-billionaire-family-nepo-baby-eve-reed-secret-daughter-2023-1">Reed Jobs, Steve Jobs's oldest son</a>, is striking out on his own.</p><p>Jobs, one of three children of the Apple cofounder and philanthropist Laurene Powell Jobs, is launching Yosemite, a venture capital firm that will invest in new cancer treatments, <a href="https://markets.businessinsider.com/news/stocks/emerson-collective-health-spins-off-to-form-new-investment-fund-yosemite-announces-first-close-of-oversubscribed-200m-fund-to-accelerate-transformative-cancer-ventures-1032501103">according to a press release</a>. </p><p>The 31-year-old was inspired by his father to start the fund after <a href="https://www.businessinsider.com/steve-jobs-has-died-2011-10#:~:text=Terribly%20sad%20news%3A%20Apple%20founder,of%20people%20around%20the%20world.">Steve Jobs died from complications of pancreatic cancer</a> in 2011, he told <a href="https://www.nytimes.com/2023/08/01/business/dealbook/steve-jobs-son-venture.html" target="_blank" rel="noopener">The New York Times.</a></p><p>So far, Yosemite has raised $200 million dollars through investments from medical institutions like Memorial Sloan Kettering Cancer Center, The Rockefeller University, and M.I.T, as well as from venture capitalist John Doerr, according to the Times.</p><p>Jobs plans to raise $400 million for his firm's initial fund, <a href="https://affiliate.insider.com?h=cab7afa6286c0d32d8b7e9b1aeb0c4ccd2f6d7f6d0561e175dbb9149e7528be0&amp;postID=64c90968fa4d08025228a9e2&amp;site=bi&amp;u=https%3A%2F%2Fwww.theinformation.com%2Farticles%2Freed-jobs-to-start-400-million-vc-fund-testing-appetite-for-new-funds">The Information reported</a>, which is just about 10 times the average fund size of new venture capitalists last year, <a href="https://pitchbook.com/news/articles/emerging-managers-fundraising-venture-capital">according to Pitchbook.</a></p><p>The VC firm will incorporate a dual structure model of a for-profit business and a donor-advised fund, which will provide grants to scientists, <a href="https://markets.businessinsider.com/news/stocks/emerson-collective-health-spins-off-to-form-new-investment-fund-yosemite-announces-first-close-of-oversubscribed-200m-fund-to-accelerate-transformative-cancer-ventures-1032501103">according to a press release</a>. Scientists can use the grants for their research and then go back to Yosemite for venture funding.</p><p>Jobs's latest business venture will build on his previous work as a managing director at the Emerson Collective, the mission-driven corporation founded by his mother. While he was leading Emerson's health care space, the company invested in healthcare enterprises like ElevateBio, a gene therapy startup, and GetLabs, an at-home diagnostics collector, <a href="https://www.emersoncollective.com/work/venture-capital/" target="_blank" rel="noopener">according to Emerson Collective's website</a>. </p><p>He is bringing at least three high-ranking members from Emerson with him to Yosemite, The Information reported.</p><p>While Jobs told the Times that starting a venture capital firm was never one of his career goals, he said that his new role will help scientists build and focus their research. </p><p>"I had never ever wanted to be a venture capitalist," Jobs said. "But I realized that when you're actually incubating something and putting it together, you can make a tremendous difference in what assets are part of that, what direction it's going to take, and what the scientific focus is going to be."</p><p>Jobs attributes his interest in the healthcare space, at least in part, to his father's death. </p><p>"My dad succumbed to cancer when I was in college at Stanford," Jobs told the Times. "I was pre-med because I really wanted to be a doctor and cure people myself. But just completely candidly, it was really difficult after he passed away." </p><p>Even though Jobs didn't study business or medicine — he ended up graduating with both a BA and master's in history, <a href="https://med.stanford.edu/minorconsult/reed-jobs.html">according to Stanford's website</a> — he may have learned a thing or two about business by time spent with his father.</p><p>Before college, the Apple cofounder took his son on a business trip to Hawaii so he could "be in the room" with leaders like Apple executives and other high-level tech moguls, according to "Steve Jobs," a biography by Walter Isaacson.</p><p>Yosemite didn't respond to Insider's immediate request for comment before publication. </p>

Meet Reed Jobs, the Apple cofounder's son who just launched a VC fund to invest in cancer treatments

<p>Hello,</p><p>Welcome to Insider <keyword id="6354525" type="UNKNOWN" weightage="100" keywordseo="healthcare">Healthcare</keyword>. I'm Lydia Ramsey Pflanzer, and this week in healthcare news:</p><ul><li><a href="https://www.businessinsider.com/amazon-launches-its-telehealth-medical-service-nationally-2021-3">Amazon's plans to launch a nationwide telehealth business are now official</a>;</li><li><a href="https://www.businessinsider.com/companies-are-giving-workers-money-to-buy-health-coverage-hra-2021-3">Companies shared with us how they're tapping into a polarizing Trump-era policy that lets them ditch their health plans and send workers to buy their own coverage</a>;</li><li><a href="https://www.businessinsider.com/eli-lilly-reports-data-on-alzheimers-disease-drug-donanemab-2021-3">New data on an Alzheimer's drug showed mixed results in patients.</a></li></ul><p>If you're new to this <keyword id="621414" type="PERSON" weightage="60" keywordseo="Newsletter">newsletter</keyword>, <a href="http://newsletter.businessinsider.com/join/4np/newsletter.businessinsider.com/join/4np/insider-healthcare">sign up here.</a></p><p>I'll be out next week, so you'll be seeing a few new names sending this newsletter. Have tips or questions in the meantime? Email me at <a href="mailto:lramsey@insider.com">lramsey@insider.com</a> or tweet <a href="https://twitter.com/lydiaramsey125">@lydiaramsey125</a>. Now, let's get to it...</p><p>Man, what a week of healthcare news.</p><p>On Thursday, Europe's medical regulator <a href="https://www.businessinsider.com/astrazeneca-vaccine-suspended-blood-clots-ema-investigation-safe-lift-suspensions-2021-3">deemed AstraZeneca's coronavirus shot safe after investigating instances of blood clots in vaccinated people</a>. At one point, <a href="https://www.businessinsider.com/astrazeneca-covid-vaccine-countries-suspend-denmark-thailand-batch-blood-clots-2021-3">18 countries had suspended use of the vaccine</a> over safety concerns.</p><p>Here in the US, we're still waiting for data on how well <keyword id="6409874" type="COMPANY" weightage="60" keywordseo="astrazeneca">AstraZeneca</keyword>'s shot performed in a <a href="https://www.businessinsider.com/why-us-hasnt-authorized-astrazeneca-shot-when-that-may-change-2021-3">trial taking place here</a>. </p><p>Then - remember <keyword id="10954200" type="UNKNOWN" weightage="60" keywordseo="ubiome">uBiome</keyword>, the poop-testing startup that crumbled in 2019 after an FBI raid? </p><p>Well on Thursday, <a href="https://www.businessinsider.com/ubiome-cofounders-zachary-apte-jessica-richman-sec-charges-2021-3">uBiome's cofounders Jessica Richman and Zachary Apte were charged with fraud</a>. They face both civil and criminal charges. </p><p>Insider's healthcare team chronicled the downfall of uBiome. If you want to refresh your memory, <a href="https://www.businessinsider.com/ubiome-what-we-know-microbiome-startup-fbi-raid-ceos-resigned-2019-7">you can find all our past coverage here. </a></p><h3><a href="https://www.businessinsider.com/amazon-launches-its-telehealth-medical-service-nationally-2021-3"></a></h3><h3><a href="https://www.businessinsider.com/amazon-launches-its-telehealth-medical-service-nationally-2021-3">Amazon's push into medical care</a></h3><p>On Friday, <a href="https://www.businessinsider.com/amazon-care-nears-national-launch-telehealth-2021-3">Blake Dodge had the scoop that Amazon was getting ready to go official with its national expansion.</a></p><p>Well, just a few days later, <keyword id="18635" type="CITY" weightage="60" keywordseo="Amazon">Amazon</keyword> did. </p><p>It's going national with telehealth services this year for both its own employees and other companies. In-person care will also be available in certain cities including Washington, D.C. and Baltimore. </p><p>It's curious to watch Amazon push deeper into into telehealth at a time when the industry is going through a lot of changes. Cigna's <a href="https://www.businessinsider.com/what-cigna-buying-telehealth-company-mdlive-means-for-future-of-virtual-care-2021-2">Evernorth subsidiary is buying MDLive</a>, <a href="https://www.cnbc.com/2021/03/16/grand-rounds-doctor-on-demand-merge-in-multibillion-dollar-deal.html">Grand Rounds and Doctor on Demand</a> are merging, not to mention Teladoc's purchase last year of Livongo. Where does the industry go from here? </p><h3><a href="https://www.businessinsider.com/amazon-launches-its-telehealth-medical-service-nationally-2021-3">Here's the full story on Amazon's official plans&gt;&gt;</a></h3><h3><a href="https://www.businessinsider.com/amazon-launches-its-telehealth-medical-service-nationally-2021-3">Amazon is launching its medical care business for its employees and other companies across the US</a></h3><h3><a href="https://www.businessinsider.com/companies-are-giving-workers-money-to-buy-health-coverage-hra-2021-3"><div type="image" title="Savvy founders" height="2268" width="3023" msid="81592114" hostid="261"></div></a></h3><h3><a href="https://www.businessinsider.com/companies-are-giving-workers-money-to-buy-health-coverage-hra-2021-3">Creativity is popping up in health plans</a></h3><p>Health plans aren't just about medical coverage any more. </p><p><a href="https://www.businessinsider.com/author/patricia-kelly-yeo">Patricia Kelly Yeo</a> this week took a look at <a href="https://www.businessinsider.com/project-well-2-million-funding-for-food-as-medicine-2021-3">a new kind of healthcare startup that wants health insurers to pay for meal kits and groceries for food-insecure seniors</a>.</p><p>The startup <a href="https://www.businessinsider.com/project-well-2-million-funding-for-food-as-medicine-2021-3">works with Medicare Advantage plans to get meals</a> for adults 65 and up who might be just leaving the hospital or otherwise managing a condition. </p><p>Meanwhile, <a href="https://www.businessinsider.com/author/shelby-livingston">Shelby Livingston</a> spent her week digging into the <a href="https://www.businessinsider.com/companies-are-giving-workers-money-to-buy-health-coverage-hra-2021-3">rising popularity of individual coverage HRAs</a>, or ICHRAs. </p><p>That's a way for companies to give employees cash so they can go out and find their own coverage on the individual markets rather than through a group plan. </p><p>And <a href="https://www.businessinsider.com/companies-are-giving-workers-money-to-buy-health-coverage-hra-2021-3">it's saving companies millions</a>. </p><h3><a href="https://www.businessinsider.com/companies-are-giving-workers-money-to-buy-health-coverage-hra-2021-3">Get inside the world of HRAs here&gt;&gt;</a></h3><h3><a href="https://www.businessinsider.com/companies-are-giving-workers-money-to-buy-health-coverage-hra-2021-3">Startups are racing to profit from a controversial Trump-era policy that lets big companies ditch their health plans and have employees shop for their own coverage</a></h3><h3><a href="https://www.businessinsider.com/eli-lilly-reports-data-on-alzheimers-disease-drug-donanemab-2021-3"><div type="image" title="Patients with Alzheimer's and dementia are sit inside the Alzheimer foundation in Mexico City April 19, 2012. REUTERS/Edgard Garrido" height="533" width="800" msid="81592116" hostid="261"></div></a></h3><h3><a href="https://www.businessinsider.com/eli-lilly-reports-data-on-alzheimers-disease-drug-donanemab-2021-3">We got a look at mixed Alzheimer's results</a></h3><p>Over the weekend, drugmaker <a href="https://www.businessinsider.com/eli-lilly-reports-data-on-alzheimers-disease-drug-donanemab-2021-3">Eli Lilly shared results from a midstage trial</a> that showed that its experimental treatment slowed cognitive decline by 32%</p><p>That might sound great, but it missed the mark on other metrics it was intended to hit, <a href="https://www.businessinsider.com/author/allison-deangelis">Allison DeAngelis</a> reports.</p><p>The data didn't meet investors' expectations, so Lilly's stock <a href="https://markets.businessinsider.com/news/stocks/eli-lilly-stock-price-alzheimers-drug-donanemab-data-underwhelms-2021-3-1030204307">took a tumble</a> on Monday.</p><h3><a href="https://www.businessinsider.com/eli-lilly-reports-data-on-alzheimers-disease-drug-donanemab-2021-3">Dig deeper here&gt;&gt;</a></h3><h3><a href="https://www.businessinsider.com/eli-lilly-reports-data-on-alzheimers-disease-drug-donanemab-2021-3">New data on Eli Lilly's experimental Alzheimer's drug backs a hotly debated scientific theory, but shows mixed benefits for patients</a></h3><h3><a href="https://www.businessinsider.com/digital-health-startups-backed-by-tiger-global-management-2021-3"><div type="image" title="dispatch health" height="1536" width="2048" msid="81592118" hostid="261"></div></a></h3><h3><a href="https://www.businessinsider.com/digital-health-startups-backed-by-tiger-global-management-2021-3">Tiger Global recently started betting big on digital health</a></h3><p>Since November, it's felt like every major digital health funding round has had one name attached to it: <a href="https://www.businessinsider.com/digital-health-startups-backed-by-tiger-global-management-2021-3">Tiger Global</a>. </p><p>That's especially been the case in funding rounds that have catapulted digital health startups into billion-dollar valuations, <a href="https://www.businessinsider.com/8-digital-health-startups-1-billion-valuations-in-2020-2021-1">like DispatchHealth and Cedar</a>. </p><p>Kelly found that in the last four months, <keyword id="526777" type="COMPANY" weightage="60" keywordseo="Tiger-Global">Tiger Global</keyword> has bet on 11 different digital health startups, a sharp uptick in activity. </p><h3><a href="https://www.businessinsider.com/digital-health-startups-backed-by-tiger-global-management-2021-3">Here's the full list of Tiger Global's latest digital health bets&gt;&gt;</a></h3><h3><a href="https://www.businessinsider.com/digital-health-startups-backed-by-tiger-global-management-2021-3">$50 billion Tiger Global has been on a digital-health funding spree. Here are the 11 startups it's backed in the past 4 months.</a></h3><p><strong>More stories that kept us busy this week:</strong></p><ul><li><a href="https://www.businessinsider.com/strive-health-kidney-care-dialysis-startup-series-b-pitch-deck-2021-3">See the presentation that convinced CapitalG to back kidney care startup Strive Health in a $140 million round</a>. </li><li><a href="https://www.businessinsider.com/dna-test-company-pivot-strategies-23andme-color-invitae-helix-ancestry-2021-3">Find out how 5 top DNA-testing companies like 23andMe and Color are shaping the next chapter of the genetics industry.</a></li><li><a href="https://www.businessinsider.com/elevatebio-ceo-interview-raising-525-million-for-cell-gene-therapy-2021-3">ElevateBio's CEO told us how he plans to use the cash from a SoftBank-backed $525 million round to support a genetic revolution in medicine.</a></li><li><a href="https://www.businessinsider.com/oscar-health-joel-klein-joins-board-vaping-company-juul-2021-3">A top exec at Oscar joined the board of vape company Juul</a>.</li></ul><p>- Lydia</p>

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Amazon is getting ready to launch Amazon Care nationally

Lydia Ramsey Pflanzer

Meet Reed Jobs, the Apple cofounder's son who just launched a VC fund to invest in cancer treatments

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uBiome's cofounders have been charged with fraud

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