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Welcome to Dispensed Daily, your daily dose of healthcare news from Business Insider.
We’ve made it to Thursday — let’s dive into today’s top stories.
First, a quick coronavirus update: the US reported a record number of new cases yesterday. It’s a sign the outbreak is getting worse as states reopen and people return to their normal routines.
AP Photo/ Evan Vucci
You won’t find too many healthcare CEOs and other top leaders in the list of donors to President Donald Trump’s reelection campaign.
As Kimberly Leonard reports, most donations are going to House Minority Leader Kevin McCarthy — and to Trump’s opponent Joe Biden.
Kimberly found that CEOs including Gilead CEO Daniel O’Day and Merck CEO Kenneth Frazier donated thousands to McCarthy’s reelection campaign. McCarthy is a Republican representative from California.
Top healthcare execs are making the unusual decision to avoid giving campaign donations to Trump, and Republican Kevin McCarthy is raking in the cash instead
Sanofi; Takeda ; Pfizer; Eli Lilly; Yuqing Liu/Business Insider
COVID POWER PLAYERS: Meet the 14 top drug industry execs who are leading the sprint to develop coronavirus treatments and vaccines in record time
- Drugmakers are racing to find ways to treat and prevent the novel coronavirus through treatments and vaccines.
- Business Insider identified 14 top drug industry executives playing critical roles in responding to the pandemic.
- This group of business leaders are in charge of designing new medicines, testing drugs in humans, pricing, and manufacturing.
Telemedicine startup Calibrate just raised $5.1 million to treat America’s forgotten pandemic — obesity and overall poor metabolic health
- On Wednesday, direct-to-consumer weight loss startup Calibrate announced $5.1 million in seed funding led by Kirsten Green at Forerunner Ventures with participation from Redesign Health.
- Calibrate assigns users to a doctor and a coach to develop a solution based on the patient’s metabolic health by incorporating medication and behavior therapy instead of the historically standard calories-in-calories-out approach to treating weight control.
- Founder and CEO Isabelle Kenyon told Business Insider that patients are getting used to interacting with doctors online as coronavirus-induced shutdowns drag on, and that patients tend to be more honest on digital surveys than face-to-face interactions with healthcare providers.
- After helping found pharmacy startup Capsule, Kenyon realized that consumer healthcare was a particularly tricky industry in which to fundraise because of competing interests from pure consumer investors and pure healthcare investors.
More stories we’re reading:
- A federal lawsuit alleges the $70 billion biotech Regeneron used a patient charity to boost profits from a top-selling eye drug (Business Insider)
- The first patient to get a gene-editing treatment for sickle-cell disease is thriving a year later (NPR)
- People are paying $10,000 to trip on magic mushrooms at a retreat in Jamaica. But past struggles with safety and staffing show the difficulty of taking psychedelics mainstream.(Insider)
- North Dakota took a football fan app and turned it into a contact tracing tool (Stat News)
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