Tag Archives: Billion

Doximity CEO ignored Silicon Valley wisdom and built a $10 billion health-tech company

Jeff Tangney, CEO, of Doximity at the New York Stock Exchange for their IPO, June 24, 2021. Source: NYSE Jeff Tangney launched his first health-tech start-up, Epocrates, in the middle of the dot-com bubble. While the company survived the crash and eventually went public, the endgame was a disappointing acquisition for less than $ 300… Read More »

U.S. to Spend $3.2 Billion to Help Develop Antiviral Pills for COVID

By Ernie Mundell and Robin Foster HealthDay Reporters FRIDAY, June 18, 2021 — After spending billions to speed the creation of COVID-19 vaccines, the United States said Thursday that it will now devote $ 3.2 billion to the development of antiviral pills that could stop the new coronavirus before it does its worst damage. Along… Read More »

US government strikes $1.525 billion deal with Moderna for 100 million doses of its experimental Covid-19 vaccine

President Trump announced the deal during a media briefing on Tuesday. Moderna is one of several companies manufacturing the vaccine “at risk,” as the industry calls it, meaning the company is currently making the vaccine before it is approved. Clinical trials are currently underway to test whether it’s safe and effective. Under this contract, worth… Read More »

Healthcare data breaches will cost industry $4 billion by year’s end, and 2020 is poised to be worse

It’s difficult to stay ahead of data breaches, and healthcare leaders seem to largely agree that it’s only getting more challenging — and that’s bad news for the financial health of the industry, as data breaches are projected to cost healthcare $ 4 billion by the end of the year. 2020 could be even more… Read More »

Purdue Pharma in discussion on $10 billion-$12 billion offer to settle opioid lawsuits: sources

(Reuters) – OxyContin maker Purdue Pharma LP and its owners, the Sackler family, are in discussion to settle more than 2,000 opioid lawsuits against the company for $ 10 billion to $ 12 billion, two people familiar with the matter said on Tuesday. Purdue is among several drugmakers and distributors that have been sued for… Read More »