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 <<First Name>>, here's your digest for the week 

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DeciBio Weekly Digital Health Digest
Volume 31 — September 22, 2020
Here's your roundup for the week:
Recent Headlines
Market Activity
Apple announces Series 6 watch with blood oxygen sensor
TLDR: Apple debuted its Series 6 watch last week, which comes with a blood oxygenation sensor. The sensor uses LED light and photodiodes to analyze the light reflected from blood, then its algorithms determine a blood oxygen level within 15 seconds. The watch can measure levels on demand by users, and also capture routine measurements passively in the background. Experts speculate that daily measurement of blood oxygen levels may not be actionable for healthy people, whose levels are typically in the 90-100% range. However, blood oxygen levels are particularly relevant for individuals with chronic conditions like asthma, heart disease and COPD, or with acute respiratory infections, where blood oxygen levels may fall to 60%.

So what? In contrast to its early incorporation of ECG capabilities, Apple is a fast-follower to Fitbit and Withings when it comes to blood oxygen sensors. Apple adds blood oxygen to a growing list of healthcare features offered by the watch, including the ECG app and fall detection feature. Apple has launched three clinical studies to validate its latest feature. The studies span relevant therapeutic areas, from asthma to heart failure to early detection of infectious respiratory conditions (e.g., flu, COVID-19). The asthma study even involves a collaboration with Anthem, and aims to determine if the Apple Watch could improve disease management and reduce emergency hospitalizations. In addition to the watch, Apple continues to make headlines with its increasing healthcare activity, including a national health initiative partnership with Singapore and an expanded partnership with the VA to increase telehealth access for veterans.

Sharecare integrates with Amazon Alexa to answer health and wellness questions

TLDR: Sharecare’s virtual health platform allows its users to manage their healthcare and digital health tools from one place. Sharecare has developed content on many health topics, curated in collaboration with leading healthcare providers and academic institutions. Through its latest partnership with Amazon, Sharecare will integrate its library of over 80,000 health Q&As into the Alexa voice service, adding to the repertoire of health information offered by the virtual assistant. 

So what? Amazon Alexa has been launching medical skills since it gained HIPAA compliance last year, allowing the voice assistant to securely transmit and receive health data. Experts estimate that >19 million people in the U.S. use voice assistants to answer questions related to their health, and >25% of Americans (~80 million people) own a smart speaker. Amazon Alexa offers the installed base to distribute health information while also capturing de-identified data around users’ health journeys, potentially leading to the discovery of vocal biomarkers for disease detection. Looking forward, Amazon’s potential to discover vocal or combined vocal-digital biomarkers is further bolstered by its Halo wearable and service, announced last month. 

Digital health IPOs continue as GoodRx, MDLive and Oscar prepare for public offerings
TLDR: Last week brought IPOs from two digital health companies, telemedicine provider Amwell and at-home hemodialysis company Outset Medical. Amwell raised $742M for ~40 million shares, with unexpectedly high pricing of ~$18 per share, while Outset Medical raised $278M for ~10 million shares, closing at ~$58 per share. Amwell and Outset Medical join a growing list of public offerings in digital health this year, including One Medical, Accolade, Schrodinger and GoHealth.

So what? This year’s numbers are quickly catching up to 2019’s digital health IPO boom, in which five companies went public. A few notable digital health players are also preparing for IPOs in the coming months, including GoodRx, Hims & Hers, MDLive and Oscar Health. Among them, GoodRx is uniquely positioned as one of the only digital health companies going public that is currently profitable, with some IPO estimates near $1B. The sustained wave of digital health startups seeking IPOs suggests a maturing marketplace in the midst of a pandemic that continues to expose flaws in the healthcare system.

In Other News
Funding and M&A
Headlines curated weekly by DeciBio's digital health team
Chris Lew
Senior Associate
Fanny Anderson
Senior Associate
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