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    Industry News Update 10/29/21

    October 2021 | Mike Murphy, Director of Business and Industry Analytics

    News and Events, Industry Trends

    This week's highlights: The White House detailed plans to vaccinate children ages 5 to 11 based on the expected authorization of the Pfizer shot for elementary school youngsters in a matter of weeks, Everly Health is acquiring women's health company Natalist, & A new trend in social engineering and impersonation is emerging as cybercriminals take advantage of a user’s inability to properly identify fake corporate logos in phishing attacks. 


     

    Regulatory, Legislative, and Legal News

    • People with mild or moderate hearing loss could soon be able to buy hearing aids without a medical exam or special fitting, under a new rule being proposed by the Food and Drug Administration.
    • The White House detailed plans to vaccinate children ages 5 to 11 based on the expected authorization of the Pfizer shot for elementary school youngsters in a matter of weeks.
    • UnitedHealth will repay providers shortchanged for COVID vaccine administration after federal investigators confirmed the nation's largest insurer paid "millions" of providers 40% less than the Medicare rate for inoculating patients.
     

    Financial and Investment News

    • Threat detection marketplace SOC Prime this week announced that it has raised $11 million in Series A funding. To date, the company has raised a total of $11.5 million.
    • British entrepreneur Nick D'Aloisio, who sold the mobile app Summly to Yahoo for $30 million at the age of 17, has sold his latest company to Twitter. The Sphere group chat app connects strangers interested in common topics.
    • Everly Health is acquiring women's health company Natalist, its third acquisition in six months. Natalist offers women's health, conception and pregnancy products, such as prenatal supplements and pregnancy and ovulation tests.
     

    New Products and Services

    • Pediatric behavioral health platform Brightline will launch a program for children with autism spectrum disorder in early 2022. The company will also expand content and coaching geared toward youth who identify as LGBTQ, and Black, Indigenous or other children of color, to also be available early next year.
    • Massachusetts-based Luminopia landed an FDA De Novo for its virtual reality digital therapeutic focused on helping children improve amblyopia, commonly called lazy eye.
    • Microsoft announces enhancements to Cloud for Healthcare:
      • Microsoft Forms has been integrated into Bookings so that schedulers can collecting patient information while scheduling virtual visits.
      • Microsoft Teams adds a Waiting Room so that virtual visit patients can receive messages and notifications providers can send from their queue view.
      • Providers using Cerner PowerChart can launch virtual visits from the patient portal or SMS with no patient app download required. Multi-participant virtual visits will also be supported.
    • Microsoft has rolled out a new security offering to provide non-profit organizations with additional security in the event of a nation-state attack.
     

    Privacy and Security

    • A new trend in social engineering and impersonation is emerging as cybercriminals take advantage of a user’s inability to properly identify fake corporate logos in phishing attacks.
    • Adobe released urgent patches for gaping security flaws in a range of software products, including Adobe Photoshop, Adobe InDesign, Adobe Illustrator and Adobe Premiere.
    • IBM researchers said ransomware has been by far the top attack type launched against operational technology (OT) networks to date in 2021, accounting for 32% of attacks, with the Ryuk variant involved in many of these attacks.
     

    Other News

    • Elon Musk’s Boring Company just won approval from local officials to move forward with building a network of vehicle tunnels underneath Las Vegas, dubbed the “Vegas Loop.” The system that was approved involves 29 miles of tunnels and 51 stations.
    • We place too much trust in machines and over-reliance on technology has contributed to fatalities. It is a well-studied phenomenon known as automation bias, which sometimes also leads to automation complacency, where people are less able to spot malfunctions when a computer is running the show.
    • A subline of the delta variant that has gained some traction in the U.K. has been detected in the U.S., the CDC said last week. The strain is rare in the U.S. and accounts for "well below 0.05 percent" of cases.

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