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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

14 hours ago - Health

Food banks feel the strain without holiday volunteers

People wait in line at Food Bank Community Kitchen on Nov. 25 in New York City. Photo: Michael Loccisano/Getty Images for Food Bank For New York City

America's food banks are sounding the alarm during this unprecedented holiday season.

The big picture: Soup kitchens and charities, usually brimming with holiday volunteers, are getting far less help.

16 hours ago - Health

AstraZeneca CEO: "We need to do an additional study" on COVID vaccine

Photo: Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

AstraZeneca CEO Pascal Soriot said on Thursday the company is likely to start a new global trial to measure how effective its coronavirus vaccine is, Bloomberg reports.

Why it matters: Following Phase 3 trials, Oxford and AstraZeneca said their vaccine was 90% effective in people who got a half dose followed by a full dose, and 62% effective in people who got two full doses.

Updated 18 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Health: Coronavirus cases rose 10% in the week before Thanksgiving.
  2. Politics: Supreme Court backs religious groups on New York coronavirus restrictions.
  3. World: Expert says COVID vaccine likely won't be available in Africa until Q2 of 2021 — Europeans extend lockdowns.
  4. Economy: The winners and losers of the COVID holiday season.
  5. Education: National standardized tests delayed until 2022.

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