Apr 12, 2019

Industry expects new surge of health IT companies

Data: Venrock survey of 250 health care professionals conducted March 4–15, 2019; Chart: Naema Ahmed / Axios

Venture capital firm Venrock, which has money tied up in more than 80 health care companies, has put out its annual survey of health care professionals, and most people are pretty upbeat about where health tech is going this year.

Driving the news: 78% of Venrock’s survey respondents said they thought the number of new health IT companies will "somewhat" or "significantly" increase this year — and a lot of that growth will be in telemedicine and harvesting patient data.

Yes, but: It’s not all sunshine and rainbows.

  • Half of respondents think the Apple Watch is just another consumer commodity instead of a useful health care device.
  • 36% believe Amazon, Berkshire Hathaway and JPMorgan Chase "have no idea what they’re getting into" with their health company Haven, while another 55% think "it’s gonna be a long haul" for them.
  • Half of people think AI hasn’t made any difference in health care.
  • And a vast majority said blockchain will still be useless in 2019.

Go deeper: Americans have big hopes that Big Tech can improve health care

Go deeper

In photos: Trump visits Taj Mahal after massive rally in India

President Trump and First Lady Melania Trump at the Taj Mahal. Photo: Mandel Ngan/AFP via Getty Images

President Trump visited India's Taj Mahal on Monday, hours after telling a massive crowd at a rally in Ahmedabad that he hopes to reach a trade deal with his "true friend" Prime Minister Narendra Modi during his two-day visit to the country.

Why it matters: The countries are forging deeper ties as India’s location, size and economic growth make it the "obvious counterweight to China" for American policymakers.

Go deeperArrowUpdated 5 mins ago - World

Coronavirus stress tests drug industry's dependence on China

A Hong Kong commuter wears a face mask. Photo: Miguel Candela/SOPA Images/LightRocket via Getty Images

It's unclear whether the rapid spread of the novel coronavirus will actually result in prescription drug shortages, but it has undoubtedly highlighted the potential vulnerabilities of having the supply chain for American drugs so dependent on China.

Driving the news: About 150 prescription drugs — including antibiotics, generics and some branded drugs without alternatives — are at risk of shortage if the coronavirus outbreak in China worsens, per two sources familiar with a list of at-risk drugs compiled by the Food and Drug Administration.

Bernie's path to the presidency

Sen. Bernie Sanders speaks yesterday during a rally at Houston University. Photo: Mark Felix/AFP via Getty Images

Lots of Democrats are in full panic that Bernie Sanders will win the nomination and get clobbered in the general election — and bring the party down, too. But the evidence, particularly the polling, doesn't back those doomsday warnings.

Why it matters: Virtually every national and swing state poll shows Sanders tied with or beating President Trump.  And, unlike every rival, he has a huge base of fervent, unshakable supporters he can only grow.