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Life Sciences | News, Analysis, Insights - HIT Consultant

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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Power Secures $11.9M to Democratize Clinical Trials

by Jasmine Pennic 02/21/2024 Leave a Comment

Power Secures $11.9M to Democratize Clinical Trials

What You Should Know: - Power, the company transforming the traditional clinical trial landscape, announced today the close of their $11.9M Series A funding round led by Kin, Contrary, and Footwork. - The strategic funding fuels Power's mission to democratize access to clinical trials and diversify the pool of participants, ultimately accelerating life-saving medical research. Revolutionizing Clinical Trial Participation Founded in 2021 by Brandon Li and Michael Gill, Power
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FDA Clears Proscia’s Digital Pathology Solution for Cancer Diagnosis

by Syed Hamza Sohail 02/16/2024 Leave a Comment

FDA Clears Proscia's AI-Powered Digital Pathology Solution for Cancer Diagnosis

What You Should Know: Proscia, a leading provider of digital and computational pathology solutions, has received 510(k) clearance from the United States (U.S.) Food and Drug Administration (FDA) for its Concentriq® AP-Dx*. The digital pathology solution was cleared for the purpose of primary diagnosis.Proscia’s Concentriq AP-Dx is a comprehensive diagnostic software solution that immerses pathologists in an intuitive experience for viewing, interpreting, and managing whole slide images
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Freenome Raises $254M to Accelerate Early Cancer Detection Platform

by Fred Pennic 02/15/2024 Leave a Comment

Freenome Raises $254M to Accelerate Early Cancer Detection Platform

What You Should Know: - Freenome, a leader in blood-based early cancer detection, has raised $254M in a new funding round, fueled by its innovative multiomics platform and promising pipeline of tests. The funding was led by Roche with participation from a16z Life Sciences Growth Fund, the American Cancer Society’s BrightEdge Ventures, ARK Investments, ArrowMark Partners, Artis Ventures, Bain Capital Life Sciences, Cormorant Capital, DCVC, Eventide Asset Management LLC, Intermountain Ventures,
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Headlight Mental Health Scores $18M to Expand Teletherapy, In-Person Care

by Syed Hamza Sohail 02/15/2024 Leave a Comment

Headlight Mental Health Scores $18M to Expand Teletherapy, In-Person Care

What You Should Know:  Headlight, a tech-forward mental health practice committed to offering patients convenience and a simplified care journey, today announced $18 million in new venture funding, led by Matrix and EPIC Ventures.Funding will help the company expand into additional states and add hundreds of new licensed therapists to their team by 2025. Prior to the transaction, Headlight added new executive leadership including Chief Executive Officer Geoff Swindle, former Chief
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How Open-Source Technologies Will Transform Digital Clinical Trials

by Brian Williams, Life Sciences Strategy & Innovation at EPAM Systems, Inc. 02/14/2024 Leave a Comment

How Open-Source Technologies Will Transform Digital Clinical Trials

Although the traditional nearly decade-long clinical trial timelines completely collapsed during COVID, this truncating was not necessarily novel. Precedent exists for accelerating approval timelines during health emergencies such as the AIDs/HIV epidemic, where Compound S, a re-make of AZT, or azidothymidine, originally developed to fight cancer, became controversially fast-tracked after the discovery that it could block HIV activity. Likewise, when potentially lifesaving drugs are
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Unlearn Raises $50M to Accelerate AI-Powered Clinical Trials with Digital Twins

by Fred Pennic 02/08/2024 Leave a Comment

Unlearn Raises $50M to Accelerate AI-Powered Clinical Trials with Digital Twins

What You Should Know: - Unlearn®, a leading AI company using digital twins to revolutionize clinical trials, announced today a $50M Series C funding round led by Altimeter Capital. This investment, bringing Unlearn's total funding to over $130M, will fuel its mission to eliminate trial and error in medicine through faster, smaller, and more ethical clinical trials. - Unlearn collaborates with pharmaceutical companies, biotechs, and academic institutions to optimize and streamline clinical
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Verily Appoints Myoung Cha as Chief Product Officer

by Executive Life Sciences Appointments 02/08/2024 Leave a Comment

Verily Appoints Myoung Cha as Chief Product Officer

What You Should Know: - Verily, an Alphabet precision health technology company appoints Myoung Cha as Chief Product Officer. - As Chief Product Officer at Verily, Cha will lead strategy and development across the company’s care (Verily Onduo), research (Verily Viewpoint), and products (Verily Numetric) portfolio. Cha Bio/Background Cha has more than twenty years of experience building and implementing innovative technology solutions to advance clinical research, transform patient
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H1 Unveils GenosAI Pro: Supercharging Clinical Trials with Conversational AI

by Jasmine Pennic 02/08/2024 Leave a Comment

H1 Unveils GenosAI Pro: Supercharging Clinical Trials with Conversational AI

What You Should Know: - H1, the go-to resource for healthcare professionals, clinical trial information, and life sciences research, announced the launch of its conversational AI tool GenosAI Pro. - The conversational AI tool empowers pharmaceutical companies to streamline workflows, enhance data-driven decision-making, and optimize clinical trial processes within the Trial Landscape platform. Transforming Clinical Trial Design Building upon the success of GenosAI Lite, GenosAI Pro
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Helio Genomics Appoints Gary Frazier as Chief Growth Officer

by Executive Digital Health Appointments 02/07/2024 Leave a Comment

Helio Genomics Appoints Gary Frazier as Chief Growth Officer

What You Should Know: - Helio Genomics, an AI-driven healthcare company specializing in diagnostics technology for cancer detection, has appointed Gary Frazier as its Chief Growth Officer. - Frazier's appointment at Helio Genomics underscores the company's commitment to strategic growth and innovation. His leadership will be instrumental in shaping the firm's trajectory, including strategic business planning, growth strategies, integrated delivery systems, and more. Gary Frazier
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