VegetarianLife

Replay, a US-based biotech company focused on genomic medicine, has attracted the backing of private equity firm KKR and venture capital group OMX Ventures as big investors show increasing interest in start-ups in the sector.

The two firms led a large seed round of $55mn at California-based Replay. Genomic medicine is a field that uses patients’ genomic information to shape their clinical care.

Private equity interest in early stage biotech companies comes despite what is often a decade-long wait for revenue as technologies are developed, but the Covid-19 pandemic has helped raise the sector’s profile. PE firms including EQT, Carlyle and Abingworth have all recently bought or taken stakes in early stage venture capital firms specialising in life sciences.

“We think there is great fundamental life science across the world, especially after Covid. We’d like to use both the financial and human strengths of KKR and invest behind that,” said

At NYU Langone Health, outstanding quality and safety standards are the hallmarks of our institution, reflecting a culture dedicated to excellence and the best outcomes for our patients. This commitment has made us a leader in healthcare and earned us the highest rankings, including No. 1 in New York and No. 3 in the nation on U.S. News & World Report’s “Best Hospitals.”

Across our hospitals and ambulatory sites, we are the unequivocal leader in quality and safety on a range of metrics and rating systems. “At NYU Langone, we are relentless about providing the highest-quality care to our patients and having the best outcomes,” says Robert I. Grossman, MD, chief executive officer of NYU Langone and dean of NYU Grossman School of Medicine.

Recognized for High-Quality Care

Each of our hospitals was awarded an “A” in the spring 2022 Leapfrog Hospital Safety Grade, an honor attained by

The writer is the founder of Sahm Consulting and a former Federal Reserve and White House economist

Some commentators argue that the US needs a recession to bring inflation down. That thinking hinges on a simplistic model of the economy and a refusal to see Covid and the war in Ukraine as important sources of inflation now. The stakes are too high to rely on such a questionable approach.

Yes, inflation is a hardship, and it hits those with the least the hardest. Among American families in the bottom 20 per cent by income, almost 60 per cent of their spending is on food, gasoline and housing. That’s a far bigger fraction than among high income families.

The prices of these necessities have risen rapidly since the pandemic began. As a result, the lowest income families, on average, spend more than $300 a month extra to buy the same amount