What You Should Know:
- AssistIQ, an AI company utilizing computer vision to revolutionize how hospitals manage surgical and procedural supply chains secures $11.5M in Series A funding round led by Battery Ventures, with participation from return investor Tamarind Hill. With this funding, Battery Ventures Principal Brandon Gleklen will join AssistIQ’s Board of Directors.
- The company’s platform is gaining traction across academic and community hospitals, capturing every item used in
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Kyron.bio Secures $6.2M to Optimize Biologic Drug Development with Precision Glycan Engineering
What You Should Know:
- Biotechnology company kyron.bio announced the successful closing of a $6.2M (€5.5M) seed funding round aimed at solving critical challenges in biologic drug development, specifically varying efficacy and the dangers of side effects.
- The round was led by HCVC, with participation from Verve Ventures, Entrepreneurs First, Saras Capital, and numerous reputable angel investors.
- The funds will be used to accelerate the development of kyron.bio’s proprietary
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Abridge Launches AI-Powered Pediatric Well Visit Note Type
What You Should Know:
- Abridge, a company specializing in AI-powered clinical documentation, announced the launch of a new pediatric well visit note type within its platform.
- The enhancement leverages Abridge's advanced Contextual Reasoning Engine to automatically generate clinically useful and billable documentation tailored to the unique, structured needs of pediatric well visits, which vary significantly by a child's age and developmental stage.
- The new feature was
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Helix Launches New PGx Tests for Chemotherapy (DPYD) & Alzheimer’s Drug (APOE) Safety
What You Should Know:
- Helix, a leader in precision health announced the release of a new suite of pharmacogenomics (PGx) tests designed to enhance personalized care, particularly in oncology and neurology.
- Key among these are a test to identify patients with DPYD gene variants who may be at increased risk for severe side effects from certain chemotherapies, and a first-of-its-kind test that assesses APOE status relevant to newly available Alzheimer's drugs.
Tailoring
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Drug Diversion in Hospitals Persists as an Underreported “Elephant in the Room”
What You Should Know:
- Despite increased investments in detection programs, drug diversion—the illegal obtaining of prescription drugs by healthcare staff—continues to be a significant and often underreported issue within U.S. hospitals and health systems, according to the fifth edition of the "State of Drug Diversion" report released by Wolters Kluwer Health.
- The comprehensive survey of nurse leaders, pharmacists, risk managers, and drug diversion program leaders reveals that
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German Bionic Unveils First True Augmented AI Exoskeleton, Exia
What You Should Know:
- German Bionic, the robotics pioneer renowned for first connecting exoskeletons to the cloud, launches Exia – its most advanced wearable device to date and the world’s first exoskeleton powered end-to-end by true Augmented AI.
- Informed by insights from billions of real-world motion data points collected across industries including manufacturing, logistics, retail, and healthcare, Exia aims to set a new benchmark for strength, intelligence, and
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Brooklyn Health Secures $6.5M to Expand AI-Powered Precision for Clinical Trial Endpoints
What You Should Know:
- Brooklyn Health, a neuroscience technology company focused on objective measurement of mental health announced it has secured $6.5M in seed funding led by HealthX, with participation from Metrodora Ventures, Story Ventures, RiverPark Ventures, Laconia Capital, Everywhere Ventures, Hypothesis Studio, Blue Falcon Capital, and others.
- The funding coincides with the company's debut of its new electronic clinical outcome assessment (eCOA) solution, Willis. Willis
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Coalesce Capital Acquires Majority Stake in DAS Health
What You Should Know:
- Coalesce Capital (“Coalesce”), a private equity firm focused on investing in human capital-driven and technology-enabled services companies announced it has acquired a majority stake in DAS Health Ventures (“DAS Health”), a provider of healthcare IT and business solutions.
- Sheridan Capital Partners (“Sheridan”), which first invested in DAS Health in 2021, will retain a minority ownership position and continue to support the company’s ongoing growth
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John Snow Labs Acquires WiseCube to Bolster AI-Powered Biomedical Knowledge and Drug Discovery
What You Should Know:
- John Snow Labs, the AI for healthcare company announced its acquisition of WiseCube, a pioneer in biomedical knowledge graphs and AI-powered literature analysis. Financial details of the acquisition were not disclosed.
- The strategic move is set to significantly enhance John Snow Labs' mission to deliver responsible, accurate, and explainable healthcare AI solutions by integrating WiseCube’s billion-scale knowledge platform.
Enhancing AI Capabilities in
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Smith+Nephew Awarded $75M DoD Contract to Supply Advanced Wound Therapy Systems
What You Should Know:
- Global medical technology company Smith+Nephew has been selected to provide its RENASYS◊ TOUCH Negative Pressure Wound Therapy (NPWT) Systems to the U.S. Department of Defense (DoD).
- The single-award contract, facilitated through the Defense Logistics Agency (DLA), spans 10 years and is valued at up to $75M.
- The agreement will equip military medical providers with an advanced solution for managing complex wounds across various stages of care, from
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