In this week’s edition of InnovationRx, Stephanie Papes Strong, founder of Boulder Care, took a unique approach by focusing on providing addiction treatment to low-income individuals during the telehealth boom. Boulder Care currently offers virtual addiction treatment in three states with plans to expand to 10 states by 2026. The company contracts with Medicaid managed care insurers and gets paid based on outcomes, with a focus on keeping patients in treatment for longer periods.
A recent study found that an FDA-approved AI algorithm was more likely to incorrectly detect breast cancer in Black women compared to other racial groups. The study looked at almost 5,000 mammogram screenings performed at Duke University Medical Center between 2016 and 2019. This highlights the importance of diversity and equity in AI algorithms used in healthcare.
In pipeline and deal updates, Sanofi has partnered with OpenAI and Formation Bio to develop AI-powered software tools for drug discovery. Tempus AI, a company that uses AI for personalized lab test results, has filed for an IPO. The Foundation for the National Institutes of Health has launched a public-private partnership to identify biomarkers for amyotrophic lateral sclerosis. The FDA has approved Bristol Myers Squibb’s CAR-T cell therapy for the treatment of follicular lymphoma.
Hims, known for providing affordable alternatives to brand-name drugs, has seen its stock price increase after announcing a weight-loss treatment that will compete with Novo Nordisk’s products. Nestlé is launching a frozen food brand aimed at people taking GLP-1 drugs. The CDC is warning of a potential global threat from a deadlier strain of the mpox virus. A new study shows that teens who use cannabis have a higher risk of developing psychotic disorders.
In other healthcare news, Nevada is moving towards having abortion on the ballot this election. New coronavirus variants called “FLiRT” are circulating and becoming dominant in the U.S., raising concerns about a potential summer surge. Stories from across Forbes and other sources cover topics ranging from Boeing’s need for a new plane to the first Native American doctors graduating from the only tribal medical school in the U.S. “InnovationRx” provides a comprehensive digest of the latest healthcare news and developments, keeping readers informed about the latest innovations and trends in the industry.
