Former Google CEO Eric Schmidt and his wife, Wendy, have donated $150 mn to Massachusetts-based Broad Institute of MIT and Harvard to establish a “new era of biology” to curse diseases using a mix of data and life science studies. The donation will be used to build a new centre to bring together academia and industry to merge tech and biology for a healthier world. The institute also received an additional $150 mn contribution from the Broad Foundation.
Healthcare tech startup Innovaccer has raised $105 mn at a valuation of $1.3bn, in a round led by Tiger Global Management. Steadview Capital, Dragoneer, B Capital Group, Mubadala Capital and Microsoft’s venture fund arm M12 were also part of the round. The company has raised $225 mn so far. Innovaccer’s SaaS platform provides unified patient records, connect healthcare data across multiple systems and settings.
Not everything that is going digital can replace its traditional forms. One such sector is healthcare. While millions of people turn to chatbot-based health apps for healthcare assistance, researchers reveal that existing apps lack the functions to support the full diagnostics process. These chatbot-based symptom check do not support conducting physical exams, providing a final diagnosis, and analysing test results.
1. Blockchain – largely being used in supply chain management and automation. 2. Quantum Computing – turns zeta bytes of data into info, helping in genomics and gene therapy. 3. AR, VR – helps medical students in learning; doctors/physicians can carry out accurate diagnosis, AR-enabled medical records etc. 4. ML, NLP – used to read reports, generate outputs enabling doctors to focus on decision-making rather than manually going through reports.