Developing an innovative new medicine is a long and expensive slog. New startups are putting data and technology at the center of their approaches.
GettyUpending that process is the goal of a wave of new startups. Investors have put just under $1 billion into the area over the last five years, according to an analysis done byThese new companies are putting data and technology at the center of their approaches, but the sorry state of the two in healthcare could undermine the whole enterprise.Making drugs is a notoriously slow and costly proposition.
Startup investors have plowed nearly $1 billion into these new companies over the last five years, according to an analysis done by the private capital-market data providerfor Business Insider. The size of those private investments has increased over the years, the data show.
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