What You Should Know:
- OrganOx, a United Kingdom-based medical technology company committed to making every donated organ count with metra®, a fully automated normothermic machine perfusion (NMP) device for liver transplantation raises £25M ($32.6M USD) in a growth round led by Lauxera Capital Partners (“Lauxera”) with support from existing investors.
- The proceeds from the funding will enable OrganOx to significantly expand its commercial footprint across strategically key areas
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PE Firm Thoma Bravo Makes Strategic Investment in Bluesight & Medacist Acquisition
What You Should Know:
- Today Thoma Bravo, a private equity software investment firm, announced a strategic growth investment in Bluesight, the Medication Intelligence™ Company. Current investor New Leaf Ventures will remain invested in the business. Financial terms of the transaction were not disclosed.
- This investment will support Bluesight's acquisition of Medacist, the lead innovator in drug diversion monitoring, and drive the growth of Bluesight's inventory management and
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Eli Lilly Acquires Obesity Drug Maker Versanis for $1.9B
What You Should Know:
Eli Lilly announced an agreement to acquire Versanis, a private clinical-stage biopharmaceutical company focused on the development of new medicines for the treatment of cardiometabolic diseases for $1.925B in cash. Versanis' lead asset is bimagrumab, a monoclonal antibody that binds activin type II A and B receptors to block activin and myostatin signaling. Bimagrumab is currently being assessed in the BELIEVE Phase 2b study alone and in combination with
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Causaly Secures $60M to Accelerate AI-Powered Biomedical Research
What You Should Know:
Causaly, the leading AI platform for biomedical research raises $60M in Series B funding led by ICONIQ Growth, with participation from Index Ventures, Marathon Venture Capital, EBRD, Pentech Ventures and Visionaries Club. Strategic individuals also participated in the round, including Alex Gorsky (former Chairman and CEO of Johnson & Johnson) and Olivier Pomel (CEO and Co-Founder of Datadog). The investment brings the total funding raised to $93 million,
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Israel Innovation Authority to Invest $31M to Establish R&D Infrastructure Center for Bio-Chips-Based Bio-Devices
What You Should Know:
The Israel Innovation Authority announced today a NIS 113M ($31M USD) investment for the establishment of a center that will provide research and development (R&D) infrastructure for bio-devices based on bio-chips. The investment is part of the National Bio-Convergence Program.Bio-convergence represents the integration of biology and life sciences with engineering and software technologies. The investment is directed at companies dedicated to developing key
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Affect Therapeutics Secures $16M to Expand App for Drug and Alcohol Addiction
What You Should Know:
Today, Affect Therapeutics - a McLean, VA-based company reimagining alcohol and drug addiction treatment with smartphone apps that put an integrated treatment program into the pocket of its members raises $16M in Series A funding led by ARTIS Ventures. The funding also included additional participation from previous investors AlleyCorp and CityLight, as well as new investments from LifeArc Ventures, Samsung Next, and What If Ventures. Founded in 2020, Affect
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Fold Health Lands $6M for Optimization Platform for VBC Primary Care
What You Should Know:
- Fold Health,a San Francisco, CA-based platform supporting value-based primary care raises $6M in funding from Iron Pillar and global angel investors.
- Fold partners with leading value-based primary care groups, ACOs, health systems, health plans and digital health companies, to 10x the reach and effectiveness of collaborative care teams in their mission to radically improve outcomes.
Supercharge Primary Care
Despite the rapid shift to value-based
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Sequoia Project, AHIMA Launches Data Usability Initiative
What You Should Know:
The Sequoia Project and AHIMA, today announced the launch of a new initiative called Data Usability Taking Root to make health data more useful. 11 organizations have already committed to participating in the group and implementing and improving the best practices for data usability created over three years by 260+ Sequoia members. The organizations that have committed to implementing data usability include Azuba, Civitas Networks for Health, Epic, Foothold
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Verily & L’Oreal Launches Diverse Skin and Hair Health Registry
What You Should Know:
Today, Verily and L’Oreal announced the launch of a multi-year study, My Skin & Hair Journey, to advance precision skin and hair health. This is part of the two companies' multi-year partnership and research collaboration. The My Skin & Hair Journey registry will enroll thousands of self-identifying U.S. women to develop an unprecedented body of knowledge about perceptions and experiences of skin and hair health, including the role of lifestyle,
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Verifiable Lands $27M to Automate Healthcare Provider Credentialing
What You Should Know:
Verifiable, an API-first innovator to the antiquated provider network management software category, has raised $27 million in Series B funding led by Craft Ventures to accelerate its next stage of growth and product innovation. Verifiable’s comprehensive suite of network management solutions and real-time verifications empowers healthcare organizations to expedite credentialing from multiple weeks to a matter of days. For customers, these efficiency gains can
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