5 important details in Doximity’s IPO filing

Digital health tool operator Doximity has filed additional documents for its initial public offering. The San Francisco-based startup has previously said it plans to raise up to $100 million.

  1. The company estimates the market value of its telehealth solutions at $4.3 billion, using average contract sizes and annual subscription fees.
  2. As of March 31, 2021, over 90% of U.S. hospitals have Doximity’s Dialer app at their facility, according to the filings. Doximity provided some services for free during the pandemic and began charging for them in January, 2021.
  3. The company gave several reasons for future growth, including stating that revenue from their top 20 customers had increased by a median multiple of six times since fiscal 2017.
  4. Doximity year over year growth of 78% in 2021 when it recorded revenue of $207 million versus the prior year when it reported $116 million.
  5. CEO and co-founder Jeffrey Tangney, who
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China gives one-billionth COVID shot as Brazil toll hits milestone

People receive Covid-19 vaccines in China’s southwestern city of Chongqing.

China on Sunday announced it had administered its one-billionth shot in the world’s biggest coronavirus inoculation drive as Brazil’s death toll from the pandemic passed 500,000.

The global from COVID-19 is now more than 3.8 million and many nations are still battling outbreaks, but vaccine drives in some countries are allowing activities that were unthinkable a few months ago.

China’s vaccine milestone comes after the number of shots administered globally passed 2.5 billion on Friday, according to an AFP count from official sources.

But the Asian giant’s vaccination efforts initially got off to a slow start after a successful fight against the virus left little sense of urgency to get jabbed.

A lack of transparency and previous vaccine scandals have also led to resistance among many residents.

Authorities have set an ambitious target of fully vaccinating 40 percent

View More China gives one-billionth COVID shot as Brazil toll hits milestone

Operating Sneakers, Clothes And Accessories

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Biden promotes milestone of 300M vaccine shots in 150 days

President Joe Biden took a cautious victory lap Friday in his quest to bring the COVID-19 pandemic under control, announcing that 300 million vaccine shots have been administered in the 150 days since he took office.

Biden credited scientists, companies, the American people and his whole-of-government effort. The president noted that the widespread vaccination campaign had set the stage for most Americans to have a relatively normal summer as businesses reopen and employers hire.

“We’re heading into a very different summer compared to last year,” the president said. “A bright summer. Prayerfully, a summer of joy.”

But as Biden marks one milestone, he is in danger of failing to meet another: his target to have 70% of American adults at least partially vaccinated by July Fourth, in a little over two weeks.

Overall, about 168 million American adults, or 65.1% of the U.S. population 18 years and older, have received

View More Biden promotes milestone of 300M vaccine shots in 150 days

Moscow records pandemic high for COVID cases for second day running

Credit: CC0 Public Domain

Russia’s capital Moscow on Saturday reported a pandemic high for new coronavirus cases for the second straight day, as the city’s hospitals were flooded with new patients due to the Delta variant.

The city registered 9,120 new coronavirus infections in 24 hours, according to government figures, a second consecutive high topping the previous day’s total of 9,056 cases.

Those figures have ballooned from just 3,000 daily just two weeks ago, with Moscow Mayor Sergei Sobyanin saying the highly infectious Delta variant first identified in India represented nearly 90 percent of new cases.

The new wave of infections came as Russia’s second city of Saint Petersburg, the country’s worst COVID hotspot after Moscow, is slated to host seven Euro 2020 matches—including a quarter-final on July 2—expected to draw thousands of European football fans.

Officials are now scurrying to reintroduce pandemic restrictions and roll out new beds dedicated

View More Moscow records pandemic high for COVID cases for second day running

MedlinePlus

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