Innovation

Biotech company 10x Genomics recently reduced its workforce by 8 percent, a move that affects about 100 employees.

New York City-based Mount Sinai Health System has started a gene-sequencing program that will be one of the largest of its kind.

Pittsburgh-based UPMC, a $24 billion healthcare provider and insurer, has a venture capital arm that focuses on translational sciences and digital solutions, from seed to late-stage companies.

Healthcare marketing and email services company Paubox has raised $10 million in financing.

Dallas-based Baylor Scott & White Health has begun deploying an ultrasound technology from digital health company Butterfly Network, the firm said in a recent earnings call reported by finance platform Seeking Alpha.

Biotechnology company Codagenix has been awarded $4.4 million from the Defense Department to continue the development of a dengue vaccine.

Innovative solutions are needed in almost every aspect of healthcare including its delivery to consumers, its technology and its business models.

Rochester, Minn.-based Mayo Clinic participated in the $123 million series C funding round for biotechnology company Senda Biosciences. 

Digital health company Babylon's stock price rose 20 percent Aug. 15 amid rumors of a coming acquisition.

Innovation might be a buzzword in healthcare nowadays, but hospitals and health systems are making large investments in tech and spinoff companies.