In 1989, Michael J. Fox reprised his role as Marty McFly for Back to the Future II (my favorite movie as a kid) and got everyone thinking about hoverboards and flying cars. Reagan bid farewell to the White House. Paula Abdul broke out with three hit singles. Seinfeld's TV sitcom premiered. The Berlin Wall fell.
That same year Dr. George Savage and Andrew Thompson had a conversation that would eventually lead to the founding of Proteus Biomedical.
So the story goes, anyway.
Proteus, one of the original and highest-valued digital health companies, filed for Chapter 11 this week. This 4,400-word report digs into its mostly unreported origins, explores the company's relationship with its biggest customer -- Otsuka, uncovers the financial details of its recent deal with Tennessee's Medicaid program, and considers what happens next for digital medicines.