Jan 13, 2020

Ex-Kleiner Perkins partner raises $87 million for digital health fund

Illustration: Sarah Grillo/Axios

Lynne Chou O'Keefe, a former partner at Kleiner Perkins, has launched a new venture capital firm called Define Ventures that will focus on early-stage digital health companies. She also raised $87 million for the firm's debut fund.

Why it matters: Digital health is a growing area, with Define to focus on such sub-sectors as telemedicine, clinical research databases, and chronic condition management.

Yes, but: Digital Health still needs to prove itself.

  • Livongo Health, on whose board Chou O'Keefe spent four years before it went public last July, is now trading below its IPO stock price. So is Health Catalyst, another company that recently went public, though there are some small successes like Progyny, which bundles fertility benefits for employers and is profitable.
  • Chou O'Keefe acknowledges that telemedicine isn't the panacea the tech industry thought it would be for health care—in some cases, patients need a lot of in-person interactions with their doctors.

Go deeper: Health care IPOs had a very good 2019

Go deeper

HHS' pending data-sharing rules spark fight over patient records

Alex Azar, secretary of HHS. Photo: Zach Gibson/Getty Images

There's an intense lobbying fight over Health and Human Services' pending health care data-sharing rules, Politico reports.

Between the lines: The fight involves hospitals, digital health firms and patient advocates.

Go deeperArrowJan 16, 2020

WHO warns of 13 emerging health threats including possible pandemics

Photo: Probst/ullstein bild via Getty Images

Government leaders need to implement a "decade of change" and invest more in the key health priorities and systems to prevent global health threats over the next decade, the World Health Organization warned last week.

What's new: Climate change, infectious diseases and epidemic threats, socioeconomic inequalities, and conflicts are some of the 13 urgent challenges WHO says will imperil global health — but addressing them is "within reach" if action is taken now.

Go deeperArrowJan 20, 2020

CDC confirms 7th coronavirus case in the U.S.

Passengers traveling to Ghuangzhou, China takes precautions by wearing masks following an outbreak of the Coronavirus in China at Addis Ababa Bole International Airport on January 31, 2020. Photo: Luke Dray / Stringer/Getty Images

A 7th coronavirus case has been confirmed by the Centers for Disease Control and Prevention where a man in the San Francisco Bay area became ill after traveling from Wuhan, China back to the U.S., the Santa Clara Health Department said Friday.

The big picture: Federal health officials expect more cases to be confirmed while the CDC continues to test cases and as state health departments remain on high alert. The U.S. on Friday declared a public health emergency and restricted travel based on the new virus's ability to spread from person-to-person.

Go deeper: Coronavirus: The latest developments