What You Should Know:
- Zephyr AI, a healthcare technology company pioneering explainable AI (XAI) for precision medicine, raises $111M in Series A round led by Revolution Growth, Eli Lilly & Company, Jeff Skoll, and EPIQ Capital Group.
- The company plans to use this round of funding to refine its technology to fortify its extensive collection of training and validation datasets, crucial for robust AI models, deliver results even faster, and expand its scientific and commercial
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Life Sciences | News, Analysis, Insights - HIT Consultant
Pi Health Secures $30M to Democratize Cancer Clinical Trials
What You Should Know:
- Pi Health, a newly independent oncology-focused clinical research company raises $30M in Series A funding led by AlleyCorp and Obvious Ventures, with additional investments from Invus Capital and leaders in oncology from across the globe.
- The company, previously incubated by BeiGene (NASDAQ: BGNE), aims to revolutionize access to innovative cancer treatments through its technology platform and global network of clinical trial sites.
Less Than 8% of
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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
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
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
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
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
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
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
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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