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Life Sciences | News, Analysis, Insights - HIT Consultant

Zetaris Unveils AI Studio for Disease Detection and Diagnosis

by Syed Hamza Sohail 03/14/2024 Leave a Comment

Zetaris Unveils AI Studio for Disease Detection and Diagnosis

What You Should Know: Zetaris, the provider of the AI-Powered Lakehouse, today unveils its game changing AI studio designed specifically for healthcare and life science professionals at the HIMSS Global Conference in Orlando on March 11-15, 2024.The Zetaris platform enables healthcare and life science professionals to develop life-saving patient outcomes enabled by data-driven AI clinical applications. Empowering Healthcare Excellence: Zetaris Unveils Next-Generation AI Studio for
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HIMSS24: Google Cloud Unveils New Generative AI Solutions for Healthcare and Life Sciences

by Fred Pennic 03/12/2024 Leave a Comment

HIMSS24: Google Cloud Unveils New Generative AI Solutions for Healthcare and Life Sciences

What You Should Know: - At HIMSS24, Google Cloud announced a suite of new generative AI solutions designed to address key challenges faced by healthcare and life sciences organizations. - These solutions focus on improving interoperability, building a strong data foundation, and deploying generative AI (gen AI) tools to enhance patient outcomes. Unlocking Gen AI to Improve Healthcare Efficiency The healthcare industry is grappling with rising administrative costs, clinician burnout,
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Israeli Life Science Industry Shows Resilience Despite Funding Slowdown

by Fred Pennic 03/11/2024 Leave a Comment

Israeli Life Science Industry Shows Resilience Despite Funding Slowdown

What You Should Know: - The Israel Advanced Technologies Institute (IATI), in partnership with PwC and the Israel Innovation Authority, unveiled its annual Life Science Industry report at the MIXiii Health-Tech.IL conference. - The report underlines the Israeli life sciences sector's resilience, unity, and determination to keep operating, innovating, and delivering crucial solutions. While acknowledging the current challenges, the research underscores the importance of continued support
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Lexaria Conducts Second Human Trial for Improved Oral GLP-1 Delivery

by Fred Pennic 03/10/2024 Leave a Comment

Lexaria Conducts Second Human Trial for Improved Oral GLP-1 Delivery

What You Should Know: - Lexaria Bioscience Corp. is pushing the boundaries of oral drug delivery with their latest clinical trial. - The company announced they have contracted a research organization (CRO) to conduct a second human pilot study on their DehydraTECH-powered glucagon-like peptide-1 (GLP-1) treatment. GLP-1 Challenges and Lexaria's Solution GLP-1 drugs, like semaglutide, are currently delivered through injections or tablets. However, these methods have limitations.
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Panacea Launches Whole Exome Sequencing

by Syed Hamza Sohail 03/06/2024 Leave a Comment

Panacea, Launches Whole Exome Sequencing

What You Should Know: - Panacea, the genetic health services provider, announces nationwide commercial availability, enabling consumers to access potentially life-saving testing without doctor visits or insurance approval. - Offering whole exome sequencing, Panacea conducts in-depth analysis of every human gene, aiding in the identification of disease-driving mutations for proactive disease management. - With nearly half of Americans facing cancer risk, approximately 20 million
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ArteraAI’s Prostate Test Earns Recognition in NCCN Guidelines for Prostate Cancer

by Fred Pennic 03/04/2024 Leave a Comment

ArteraAI's Prostate Test Earns Recognition in NCCN Guidelines for Prostate Cancer

What You Should Know: - ArteraAI, a leader in artificial intelligence (AI)-powered cancer tests, today announced a significant achievement – the inclusion of their ArteraAI Prostate Test in the NCCN Clinical Practice Guidelines in Oncology (NCCN Guidelines®) for Prostate Cancer. - This marks a major milestone for ArteraAI, solidifying its position at the forefront of AI-driven oncology and personalized patient care.   A First for AI-powered Testing The ArteraAI Prostate Test is the
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Absci Announces $75M Public Offering to Fuel AI Drug Creation

by Fred Pennic 02/28/2024 Leave a Comment

Absci Announces $75M Public Offering to Fuel AI Drug Creation

What You Should Know: - Absci Corporation (Nasdaq: ABSI), a company utilizing generative AI for drug discovery, announced today an initial public offering (IPO) of $75 million in common stock. - This IPO aims to support the advancement of Absci's internal drug development programs, further investment in their Integrated Drug Creation™ platform, and general corporate purposes. Offering Details Absci intends to offer $75M of common stock, with an option to sell an additional $11.25M
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Veradigm Acquires ScienceIO for $140M in Cash to Accelerate AI Innovation in Healthcare

by Fred Pennic 02/27/2024 Leave a Comment

Veradigm Acquires ScienceIO for $140M in Cash to Accelerate AI Innovation in Healthcare

What You Should Know: - Veradigm Inc. (NASDAQ: MDRX), a provider of healthcare data and technology solutions, announced an agreement to acquire ScienceIO, a leader in healthcare AI platform and foundation models. - The acquisition is valued at $140 million in cash, with $44 million deferred and payable in installments over three years. Veradigm will fund the transaction entirely from existing cash reserves. Strategic Acquisition to Enhance AI Capabilities This acquisition signifies
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How to Use NBA in Pharma Sales: Best Practices

by Doron Aspitz, CEO, Verix 02/27/2024 Leave a Comment

How to Use NBA in Pharma Sales: Best Practices

Next Best Action has been one of the most important approaches for sales in recent years, including for pharmaceuticals. But because selling pharma is significantly different than selling other products, pharma-oriented NBA approaches need to be significantly more sophisticated than NBA for other industries. Pharma sales teams looking to implement NBA need to embrace an updated, data-driven version of this approach, known as NBA 2.0,
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Alamar Biosciences Raises $128M to Accelerate Proteomics Platform

by Fred Pennic 02/26/2024 Leave a Comment

Alamar Biosciences Raises $128M in to Accelerate Proteomics Platform

What You Should Know: - Alamar Biosciences, a leader in precision proteomics for early disease detection raises $100M in Series C round, with an additional $28M expected within the next 30 days. This brings their total funding to nearly $250M. - The Series C funding round was led by led by Sands Capital, with participation from new and existing investors, including both financial and strategic partners. Ian Ratcliffe, Executive Managing Partner at Sands Capital, has joined Alamar's Board
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