November 20, 2019

Podcast #7: From black sheep to CEO: How family & venture capitalism shaped Wellthy Therapeutics

Commentary
Tessy Huss
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In this week’s podcast we chat to Abhishek Shah, CEO of Wellthy Therapeutics, who talks to us about being the black sheep of the family and finding his calling as a healthcare entrepreneur.

Entrepreneurship runs in the family - Abhishek’s parents are both healthcare entrepreneurs. Working for the family business after studying chemical and biomolecular engineering in the US, Abhishek recounts how dinner with the family could quickly turn into a boardroom discussion. After taking a ‘vacation’ from the family business to complete his MBA, he entered the world of venture capitalism for 5 years. Being a VC taught him to be empathetic (interestingly!) and to learn from failure. It also taught him how to de-risk and deal with risk; an approach which proved pivotal in building Wellthy Therapeutics.

Click below to listen to Abhishek’s full story and what it means to run a digital healthcare business in out-of-pocket markets.

Podcast #6: Abhishek Shah


Available on Spotify, iTunes, Stitcher and Castbox

Abhishek Shah | CEO & Co-Founder of Wellthy Therapeutics

Abhishek Shah holds a B.S. in Chemical and Biomolecular Engineering from Georgia Tech and an MBA from the Indian School of Business (ISB). He co-founded Wellthy Therapeutics in 2015 with the mission to reverse, prevent and control chronic conditions in India and Asia through clinically validated digital therapeutics. Abhishek has more than a decade of healthcare experience, having previously co-led an early stage fund as a venture capitalist, and held leadership positions in his healthcare family businesses.

Story snapshot: This month, Biofourmis announced the acquisition of Biovotion. The acquisition includes all of Biovotion's assets, including the Everion biosensor and 60+ global patents, covering most of the wearable and sensor technology that exists for the arm or hand, as well as Biovotion's staff, partners, and clients. On top of this, Biofourmis have just announced a partnership with Novartis on the use of a predictive analytics platform (BiovitalsHF) in combination with the Everion sensor to monitor heart failure patients.

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Story snapshot: I am sure you heard - Google has bought Fitbit for a whopping $2.1 billion. We debated writing about it this week because the healthcare implications are not that obvious yet. But then again, this is Google, and the healthcare participation will certainly follow. So, here goes.


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Story snapshot: Pear Therapeutics has entered a partnership with Ironwood Pharmaceuticals to bring to market prescription digital therapeutics (PDT) for gastrointestinal (GI)indications.


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