What You Should Know: Cytovale®, a commercial-stage medical diagnostics company focused on advancing early detection technologies to diagnose fast-moving and immune-mediated diseases, today announced it has raised $84 million in Series C funding led by Norwest Venture Partners with participation by additional new investors Sands Capital and Global Health Investment Corporation (GHIC).The financing included participation from other new and existing investors, as well as the conversion of
Read More
Digital Health | News, Analysis, Insights - HIT Consultant
Absci and AstraZeneca Sign $247M Partnership for AI-Powered Drug Discovery to Fight Cancer
What You Should Know: - Absci Corporation (ABSI), a pioneer in using generative AI to discover antibodies, and AstraZeneca, a global biopharmaceutical leader, announced a collaboration today to develop an AI-designed antibody for cancer. - This partnership combines Absci's cutting-edge Integrated Drug Creation™ platform with AstraZeneca's oncology expertise, aiming to accelerate the discovery of a potential new cancer treatment. Absci's AI Engine Takes the Lead Absci will leverage
Read More
Intuitive Ventures Closes $150M Fund to Fuel Revolution in Minimally Invasive Care
What You Should Know: - Intuitive Ventures, an early-stage venture capital fund dedicated to reimagining minimally invasive care, announced the close of its second fund at $150M. - The funding signifies their unwavering commitment to supporting visionary founders who are transforming healthcare through precision diagnostics, secure digital ecosystems, and improved access to coordinated care. Building on a Strong Foundation In 2020, Intuitive Ventures launched its inaugural fund of
Read More
PerkinElmer Acquires Covaris to Create Global Life-Sciences and Diagnostics Platform
What You Should Know: - PerkinElmer, a leading global analytical services and solutions provider, announced its acquisition of Covaris, a developer of solutions for life science innovations. - This strategic move will fuel Covaris' growth and expand PerkinElmer's life sciences portfolio into the high-growth diagnostics market. Notably, both companies share majority ownership under New Mountain Capital, making the integration potentially smoother. While financial details remain undisclosed,
Read More
How Healthcare Can Take A Consumer-First Cue From Small Business
“Bang Head Here.” This message was printed above a large black circle, push-pinned to a practice’s front desk the day Zocdoc’s user research team visited to better understand their patient engagement challenges. If this is not a representative sign of the state of America’s independent medical practices, I don’t know what is. I can relate. Throughout nearly a decade of medical training, I spent tens of thousands of hours becoming an expert in things like peak airway
Read More
Potrero Medical Files for Chapter 11 Bankruptcy, Aims to Reorganize and Refocus on Patient Care
What You Should Know: - Potrero Medical, Inc., a company developing innovative solutions for monitoring and improving kidney health, announced today it has filed for Chapter 11 bankruptcy. - The restructuring process is expected to be completed within 75 days, according to the company. Potrero believes this strategic move will strengthen its financial footing and enable it to continue its mission of elevating patient care through innovative technologies. Focusing on Patient-Centric
Read More
Hippocratic AI Launches Early Access Partnership Program with Providers to Shape the Future of AI-Powered Patient Care
What You Should Know: - Hippocratic AI, a company building the first safety-focused Large Language Model (LLM) for healthcare, announced the launch of its Early Access Partnership Program. - This program brings together leading health systems and digital health companies, including OhioHealth, Roper St. Francis Healthcare, Evernow, HarmonyCares, and Guidehealth, to collaborate on developing and validating Hippocratic AI's technology. A Shared Vision for Safer, More Accessible
Read More
RSNA23: AI-Powered Brain Scans May Aid in ADHD Diagnosis, Research Reveals
What You Should Know: - Using artificial intelligence (AI) to analyze specialized brain MRI scans of adolescents with and without attention-deficit/hyperactivity disorder (ADHD), researchers found significant differences in nine brain white matter tracts in individuals with ADHD. The results of the study will be presented today at the annual meeting of the Radiological Society of North America (RSNA). ADHD: A Common and Challenging Disorder ADHD is a common neurodevelopmental disorder
Read More
Alcohol Tracking App Sunnyside Raises $11.5M to Support Healthier Drinking Habits
What You Should Know: - Sunnyside, an app and program that helps people build healthier habits around drinking alcohol, today announced $11.5M in Series A funding and the hire of Steve Lloyd as Chief Product and Technology Officer. - The funding round was led by Motley Fool Ventures with major participation from Will Ventures, bringing the company's total funding to $14.6M to date. Additional Series A investors include Uncork Capital, Offline Ventures, Joyance
Read More
QuantHealth Launches Katina: AI-Powered Platform for Clinical Trial Optimization
What You Should Know: - QuantHealth, an AI-powered clinical trial design startup, today announced a major product upgrade to its platform with the launch of Katina, a new tool that utilizes AI to simulate clinical trials at scale, expedite, de-risk, and optimize drug development. - The launch of Katina marks a new era in clinical trial optimization, powered by AI and massive real-world patient data. This innovative tool has the potential to revolutionize the way clinical trials are
Read More
