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Health

Providing perspective and contextual insights on the monetary aspects of the Healthcare market within the state of Utah, from medical providers to insurance and from nutraceuticals to medical devices.

A Journalist's Rant: Why Do So Many Firms Suck at PR?

A Journalist's Rant: Why Do So Many Firms Suck at PR?

Five basic tips to either kickstart, or upgrade, your Media Relations / Publicity efforts. {HINT: It's actually not that hard.} True Story: Earlier this week a news release headline caught my attention, so I opened the file and skimmed the body of the release. Since I found the information

ICYMI: The Top Six Stories from the First Half of July 2023

ICYMI: The Top Six Stories from the First Half of July 2023

From the powerful message of the movie Sound of Freedom to the $1.1 billion company valuation boost Recursion Pharmaceuticals gained after accepting a $50 million private investment from NVIDIA, we deliver our perspectives on each of the top 6 money stories in Utah for first half of the month

NVIDIA's $50 Million Investment in Recursion Pharmaceuticals Proves Recursion is on the Right Path

The surprise $50 million PIPE investment by one of the hottest companies on the planet into Salt Lake City's top "TechBio" company has nearly doubled Recursion's market capitalization in just two days to almost $2.3 billion. In other words, NVIDIA's $50MM

25 June to 1 July 2023: Utah's Top Five Money Stories of Last Week, Plus Nine Other Items You Might Have Missed

25 June to 1 July 2023: Utah's Top Five Money Stories of Last Week, Plus Nine Other Items You Might Have Missed

Last week's lead stories at Utah Money Watch were about Clene, Overstock, Ovation, Qualtrics, and RevRoad. Additionally, we now share quick news updates from last week about eight other Utah-based firms (or people), specifically: Allison Braver (former Olympic speedskater), BYU Law School, EnergySolutions, INW, Lumio, Owlet, Recursion, World

Clene Closes a $40 Million Public Offering to Further Fund its Efforts Targeting Several Neurodegenerative Diseases

Clene Closes a $40 Million Public Offering to Further Fund its Efforts Targeting Several Neurodegenerative Diseases

Clene sold 50 million shares of stock, each coupled with two warrants, at a total price of $0.80 per unit. Canacord Genuity served as sole bookrunner on the offering, and after expenses, Clene will receive ~$37.4 million in net proceeds. Salt Lake City-based Clene (NASDAQ:CLNN) closed a

The FDA Grants Owlet Marketing Clearance for its BabySat Monitoring Solution

The FDA Grants Owlet Marketing Clearance for its BabySat Monitoring Solution

Limited to physician-issued prescriptions, the BabySat is Owlet's first FDA-Cleared product; additional details will be released by the company at a later date, with sales expected to begin before 2024. As expected by this author, Lehi, Utah-based Owlet (NYSE:OWLT) has received notice from the U.S. Food

With a $75 Million Donation in Hand, Huntsman Cancer Institute Announces Plans for a 2nd HQ in Vineyard, Utah

With a $75 Million Donation in Hand, Huntsman Cancer Institute Announces Plans for a 2nd HQ in Vineyard, Utah

The Huntsman Cancer Institute has received a $75 million donation dedicated to creating a second headquarters, and related facilities, in Vineyard, Utah. According to the Institute's news release, the $75 million gift was made by the Huntsman Foundation and is "... the largest single gift by the Jon