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Portland startup goes national with service that finds residential properties for team meetings

Radious, the Portland startup that runs a marketplace where residential properties can be used as collaborative workspaces, expanded its reach across the…

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Radious helps companies locate collaborative workspaces in homes or apartments or other residential locations. (Radious Photo)

Radious, the Portland startup that runs a marketplace where residential properties can be used as collaborative workspaces, expanded its reach across the U.S. with a new “national curation service.”

The service, launched earlier this month, helps companies find the right remote work and meeting locations for distributed teams. Radious previously ran its Airbnb-style listings only in Portland, San Francisco and Milwaukee and the new service brings Radious to Seattle and other cities nationwide.

Started during the pandemic in June 2021, Radious has sought to give remote workers a way to get out of the house but still stay in their neighborhoods and avoid commutes to offices or other co-working spaces. The platform also helps hosts earn money by renting their homes, apartments, or other types of properties for the day without worrying about overnight stays.

CEO Amina Moreau launched Radious with co-founders Brian Hendrickson and iLan Epstein. The company participated in the season three finale of GeekWire’s “Elevator Pitch” startup competition.

The curation service was piloted under the radar for about eight months. Radious works with companies to understand their needs for a team offsite or other in-person work, including location, technical requirements, number of people, number of days, etc., and then locates an ideal space for such a gathering — even if such a space is not currently listed on the Radious marketplace.

Radious CEO and co-founder Amina Moreau. (Radious Photo)

Moreau said Radious saw about a 20% increase in bookings as a direct result of the pilot and that revenue more than doubled despite no extra charge for the personalized service. She added that the service has opened up access to “tens of thousands of workspace options” across the country.

“We’ve found that the bigger the need people have, the greater the desire for a personalized experience,” Moreau said via email. “The curation service naturally attracts teams who are already looking for longer, multi-day bookings and/or bigger, more striking workspaces. Put simply, when people are making a bigger commitment, they want to talk to someone and feel taken care of.”

Radious is embracing flexible work solutions as companies and workers are still coming to grips with what types of workplaces and schedules make the most sense post-pandemic.

“Just because your office is open doesn’t mean that you have to mandate a full or even a partial return,” Moreau previously told GeekWire. “You can just open it and say, ‘Come if you want, don’t come if you don’t want.’ And I actually think that the companies that do that are the ones that are going to win in the talent wars.”

In the Seattle region, regional office vacancy rates continue to rise as tech companies stick with hybrid and remote friendly work policies, and the tech downturn that began in 2022 has caused many to trim expenses and lay off workers, reducing the need for office space.

More cities, including Seattle, are also weighing what to do with a glut of vacant office space, including how to convert some commercial real estate to residential use.

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Kidney disease intervention outcomes encouraging, despite null result

Manisha Jhamb, M.D., launched the Kidney-CHAMP study five years ago because she saw a looming tsunami of chronic kidney disease cases. She was pulled to…

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Manisha Jhamb, M.D., launched the Kidney-CHAMP study five years ago because she saw a looming tsunami of chronic kidney disease cases. She was pulled to find a way to assist the primary care physicians upon whom this burden would fall.

Credit: UPMC

Manisha Jhamb, M.D., launched the Kidney-CHAMP study five years ago because she saw a looming tsunami of chronic kidney disease cases. She was pulled to find a way to assist the primary care physicians upon whom this burden would fall.

Today, the results of her study are published in JAMA Internal Medicine. And, even though the study didn’t prove that Kidney-CHAMP staves off disease progression, Jhamb is encouraged that the intervention helped PCPs identify and triage patients with kidney disease, improving patient access to specialists and educational materials.

“Despite the null result, we found that the Kidney-CHAMP framework is scalable, provides equitable access and overcomes barriers on the provider, patient and health system levels,” said Jhamb, associate chief of the Renal-Electrolyte Division in the University of Pittsburgh School of Medicine and UPMC nephrologist. “The big positive is that we were able to implement this in more than 100 PCP practices across a large geographic area that included many rural communities in the midst of a global pandemic.”

Kidney-CHAMP, which stands for Coordinated HeAlth Management Partnership, uses the electronic health record to flag kidney disease patients for review by a multidisciplinary team of a nephrologist, pharmacist and physician. It then feeds individualized recommendations back to the patient’s PCP and their medical chart. During the next appointment, real-time reminders prompt the physician to review recommendations and place or change medication orders. Patients are referred to a telemedicine appointment with a nurse who provides personalized education.

Chronic kidney disease is a leading cause of death in the U.S. and occurs when the kidneys can no longer filter blood as well as they should, allowing excess fluid and waste to build up in the body. If left untreated, the kidneys will shut down and dialysis or a kidney transplant will be needed. But medications and lifestyle changes can delay and even prevent progression.

Starting in May 2019, Jhamb and her colleagues enrolled 101 UPMC-affiliated primary care practices in the Kidney-CHAMP trial, randomizing the practices to either receive the intervention or not. The main goal was to see if Kidney-CHAMP reduced risk of chronic kidney disease progression. Although Kidney-CHAMP neither helped nor hurt patient outcomes compared to those who received regular care, patients in the program were more likely to receive appropriate medications and very few physician practices opted out of the intervention.

Barbara Kevish, M.D., participated in the trial as a physician through Renaissance Family Practice, one of the primary care practices that received Kidney-CHAMP. The intervention continues to be offered to her patients through UPMC Health Plan.

“I say to my patients, ‘I have a kidney specialist who looked at your chart and gave me recommendations to help maintain your kidney function.’ And the patients love it because they get that specialized care without an extra appointment with a specialist,” said Kevish, who is also associate vice president of Medicare Medical Services at UPMC Health Plan. “From a primary care standpoint, it’s a no-brainer – this program isn’t extra work for me and it’s a value-add for my patients.”

Jhamb suspects that the COVID-19 pandemic, which shifted physician focus from chronic disease management to acute care nationwide, and too short of a follow-up period may be behind the null results. If they’d had more time, Jhamb suspects the study would start seeing positive outcomes.

In the meantime, Kidney-CHAMP formed a partnership with the UPMC Health Plan, and it has since been rolled out to more than 2,500 patients. Jhamb is especially encouraged because, for the first time in nearly 20 years, new therapies are being introduced to improve and prevent kidney failure.

“As soon as new medications become available, Kidney-CHAMP and its team of nephrologists and pharmacists review patient records to see who is most likely to benefit,” Jhamb said. “This provides support to busy PCPs who may not otherwise be aware of a brand-new medication or exactly which of their patients it could help.”

Additional study authors include Melanie R. Weltman, Pharm.D., Susan M. Devaraj, Ph.D., M.S., R.D., Linda-Marie Lavenburg, D.O., M.S., Zhuoheng Han, M.S., Alaa A. Alghwiri, Ph.D., Gary S. Fischer, M.D., Bruce L. Rollman, M.D., M.P.H., Thomas D. Nolin, Pharm.D., Ph.D., Jonathan Yabes, Ph.D., all of Pitt.

This research was supported by the National Institute of Diabetes and Digestive and Kidney Diseases (1R01DK116957, T32HL110849-11A1 and T32DK061296-19).


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Real retail sales rebound, forecast a continued “soft landing” for jobs growth

  – by New Deal democratAs per usual, real retail sales is one of my favorite indicators, because it gives so much information about the consumer, and…

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 - by New Deal democrat


As per usual, real retail sales is one of my favorite indicators, because it gives so much information about the consumer, and since consumption leads employment, it helps forecast the trend in the latter as well.


And the news this morning was good, as nominally retail sales increased 0.7% in March, while February’s number was revised higher by 0.3% to 0.9%. After accounting for 0.4% inflation in March, real retail sales increased 0.3%, and February was revised up to 0.5%.

To the extent there was bad news, it was that January’s -1.2% decline has still not been completely erased.

To the graphs: first, below I show the historical record for the past 15+ years of both real retail sales (dark blue) and real personal spending on goods (light blue), a similar but more comprehensive measure. The two metrics tend to trend together over time, although the latter has tended to increase more (hence I adjust to bring the trends more in line):



Here is the close-up post-pandemic view:



Real retail sales are still -2.9% below their April 2022 peak, and also about -1% below their nearer term August 2023 peak. Real spending on goods has been more positive. More importantly for the long term trend, real spending on goods has now completely caught up with real retail sales. The bigger picture is that real retail sales have trended neutral, while real spending on goods has trended higher.

Turning to the effect on employment, here is the longer term YoY% gains in both spending measures /2, which is the best match to forecast the near term trend in jobs (red):



Employment doesn’t respond to every noisy move in spending, but does tend to peak and trough about 6 months after spending, and responds to the longer term trend. If FRED allowed 6 or 12 month moving averages, the correspondence would be much closer.

With that caveat, here is the post-pandemic close up:



Historically negative YoY comparisons in real retail sales have usually meant recession, while positive comparisons have almost always meant continued expansion. Needless to say, that didn’t happen in 2022-23. The overall trend since mid year 2023 has been “less negative” to neutral, while real spending on goods has remained positive.

And as those YoY comparisons in consumption have improved, we have seen the decelerating trend in employment shift to a more consistent “soft landing” scenario. Thus real retail sales are forecasting continued growth in the neighborhood of the last few months’ numbers going forward through most of this year.


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Regeneron enters venture investing with $500M, poaches senior partner from ARCH

Regeneron, the 35-year-old drugmaker still led by its co-founders, is getting into the venture investing arena.
The New York pharma will commit $100 million…

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Regeneron, the 35-year-old drugmaker still led by its co-founders, is getting into the venture investing arena.

The New York pharma will commit $100 million per year for five years, it said Monday morning. The drugmaker is the exclusive limited partner for the fund, which launched this month under the name Regeneron Ventures. It will invest in biotech startups, devices, tools and “enabling technologies.”

Jay Markowitz

Leading the firm are former Regeneron senior vice presidents Jay Markowitz and Michael Aberman. Markowitz spent the past three years at ARCH Venture Partners as a senior partner, and Aberman was most recently CEO of seed-stage immuno-oncology biotech XenImmune Therapeutics.

Most large pharma companies have venture arms of their own. Regeneron is stepping onto the court as it matures into the next $100 billion market cap drugmaker. It fell below that arbitrary mark on Friday, with its stock $REGN closing down 1.7% on April 12.

The Tarrytown-based pharma has largely favored R&D pacts over acquisitions throughout its history and still operates as an entrepreneurial company with its co-founders Len Schleifer and George Yancopoulos still serving as CEO and chief scientific officer, respectively.

Michael Aberman

The venture team will invest “agnostic to therapeutic area, technology and stage of development,” Markowitz said in a statement. Regeneron’s therapeutic interests are quite broad: cardiovascular/metabolic, blood cancers, oncology, ophthalmology and infectious disease, among others.

“Our goal is to cultivate an ecosystem where the next generation of biotech companies can thrive, drawing on the lessons learned and successes achieved at Regeneron and throughout our careers,” Aberman said in the press release.

Regeneron’s entry into biotech venture investing comes as industry insiders cross their fingers that the optimism of the past few months sustains itself for a broader, deeper recovery for drug developers. Record amounts of capital were deployed on the public financing side in the first quarter of 2024 as PIPEs were all the rage. On the private side, venture dollars returned to pre-pandemic levels but are still far off the quarterly numbers of the 2020 and 2021 go-go days.

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