. Running tests can be expensive, and getting insurance coverage can be difficult.
In the past year, testing companies like LetsGetChecked, Cue Health, and Mammoth Biosciences have all raised additional capital while turning their attention to the coronavirus pandemic and finding ways to test for the virus. In the first two weeks of August,12 top biotech venture capital investors which startups they think are poised to take off in the next 12 months.
Foresite Capital CEO and managing director Jim Tananbaum said diagnostics startup Cue Health will have a big impact in the next year.including one that's been emergency authorized for COVID-19 for use in doctors' offices."In a world where vaccination is not universal, understanding whether someone has the virus is critical," Tananbaum said.
Instead, it has been a tailwind for companies that are farther along because they were already working in infectious diseases. "Those'll be key to helping us intelligently reopen," Stead said of the tests under development from Mammoth and Sherlock. "I think they're at a point where they're ready to be game-changing," Abbie Celniker, a partner at Third Rock Ventures, which has invested in Thrive, said.
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