Wearables Allowing Consumers To Take More Responsibility For Own Health
As apps and wearables become more mainstream, the industry is taking notice.
San Francisco Business Times:
How Wearables And Apps Are Revolutionizing Personal Health
How many of your friends, family members or co-workers have a MapMyRun app on their phone, or are wearing a FitBit? Chances are, a lot of them. In fact, Forrester reported in 2015 that 20 percent of Americans have admitted to owning and using a wearable fitness device. (Borack, 6/3)
In other news, NantHealth has a strong first day of trading —
The Los Angeles Times:
Shares Jump On IPO For Soon-Shiong Start-Up NantHealth
Shares of biotech start-up NantHealth, run by Los Angeles billionaire physician Patrick Soon-Shiong, had a strong first day of trading Thursday, closing 32% above their offer price.The price of a NantHealth share closed at $18.59, up $4.59. NantHealth offered 6.5 million new shares at $14 a share, raising more than $90 million. That amounts to 5.5% of the company’s total shares after the offering. At the offer price, the company was valued at $1.65 billion. NantHealth sells software and medical records systems to hospitals and other providers. It soon plans to commercially sell a cancer test that analyzes patients’ DNA to determine the best treatments. (Masunaga and Petersen, 6/2)