Health
28. Virta Health
Founders: Sami Inkinen (CEO), Stephen Phinney, Jeff VolekLaunched: 2015Headquarters: San FranciscoFunding: $366 millionValuation: $2 billionKey technologies: Artificial intelligence, machine learningIndustry: Health carePrevious appearances on Disruptor 50 List: 1 (No. 29 in 2019) Virta Health’s origin story is well-known: Sami Inkinen, founder of real estate start-up Trulia, a fitness enthusiast and Ironman competitor, discovered to his surprise he […]
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Abbott reaches agreement with FDA to reopen baby formula plant to ease nationwide shortage
A woman shops for baby formula at Target in Annapolis, Maryland, on May 16, 2022, as a nationwide shortage of baby formula continues due to supply chain crunches tied to the coronavirus pandemic that have already strained the countrys formula stock, an issue that was further exacerbated by a major product recall in February. Jim […]
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FDA to investigate delay in baby formula plant inspection, commissioner says
Person’s hand holding a bottle of Similac baby formula from Abbott Laboratories in Lafayette, California, May 13, 2022. Smith Collection | Gado | Archive Photos | Getty Images WASHINGTON — Food and Drug Administration Commissioner Robert Califf said Monday that the agency will investigate why it took so long to dispatch inspectors to the Abbott Nutrition baby formula plant […]
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Europe drops mask mandate for flights and airports, loosening Covid rules further
Even pilots have had to wear masks on board. Here, a first officer wears a protective face mask as he conducts preflight checks inside the cockpit on board a passenger aircraft operated by Wizz Air at Liszt Ferenc airport in Budapest, Hungary. Bloomberg | Bloomberg | Getty Images The European Union is set to drop […]
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Novavax confident Covid vaccine will receive FDA authorization in June after delays
Novavax is confident its Covid-19 vaccine will receive the endorsement of the Food and Drug Administration’s advisory committee early this summer, executives said this week. The FDA committee is scheduled to meet on June 7 to review Novavax’s submission. An endorsement from the committee, which is made up of independent experts, would mean the drug […]
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U.S. to boost baby formula imports to ease nationwide shortage after Abbott Nutrition recall
Baby formula is offered for sale at a big box store on January 13, 2022 in Chicago, Illinois. Scott Olson | Getty Images The U.S. will increase baby formula imports as part of an effort to ease a nationwide shortage, senior Biden administration officials said on Thursday. The scarcity of formula was triggered in part […]
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U.S. licenses key Covid vaccine technology to WHO so other countries can develop shots
U.S. President Joe Biden delivers remarks on the authorization of the coronavirus disease (COVID-19) vaccine for kids ages 5 to 11, during a speech in the Eisenhower Executive Office Building’s South Court Auditorium at the White House in Washington, November 3, 2021. Evelyn Hockstein | Reuters President Joe Biden on Thursday said the U.S. has […]
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Baby formula maker: It could take up to 10 weeks to get product back in stores from affected facility
Empty shelves show a shortage of baby formula at a Target store in San Antonio, Texas, May 10, 2022. Kaylee Greenlee Beal | Reuters The owner of a key baby formula manufacturing plant said Wednesday it is looking to restart its plant in as little as two weeks — but said it would take between […]
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China may chalk up more debt as lockdowns hit the economy
Covid lockdowns have hit China’s economy, and the Asian giant might have to issue more debt to continue meeting its growth target. Kevin Frayer | Getty Images News | Getty Images China may have to issue more debt as it tries to keep growing in the face of Covid lockdowns that are stunting its economy. […]
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J&J names Thibaut Mongon, current consumer health leader, as CEO of new spin-off company
Signage is displayed outside of Johnson & Johnson headquarters in New Brunswick, New Jersey, Aug. 1, 2020. Mark Kauzlarich | Bloomberg | Getty Images Johnson & Johnson on Wednesday announced that the current head and the chief financial officer of its consumer health portfolio will lead the business when it spins off into a separate […]
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