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Life Sciences | News, Analysis, Insights - HIT Consultant

BillionToOne Raises $125M to Expand Genetic Testing Platform

by Jasmine Pennic 03/30/2022 Leave a Comment

BillionToOne Raises $125M to Expand Genetic Testing Platform

What You Should Know: - BillionToOne, a next-generation molecular diagnostics company with a mission to create powerful and accurate tests that are accessible to all raises $125M in Series C funding co-led by Adams Street Partners and existing investor Hummingbird Ventures with significant participation from Baillie Gifford, Neotribe Ventures, Norwest Venture Partners, Civilization Ventures, Fifty Years VC, Pacific 8 Ventures, Time BioVentures, and Libertus Capital, among others. - This
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VivoSense Raises $25M for Wearable Sensor Biomarkers to Advance Clinical Trials

by Fred Pennic 03/30/2022 Leave a Comment

VivoSense Raises $25M for Wearable Sensor Biomarkers to Advance Clinical Trials

What You Should Know: - VivoSense, an agile end-to-end scientific solutions company developing novel digital endpoints from wearable sensor data raises $25 Million in Series A funding. - The financing will accelerate the development of novel digital biomarkers and improve digital clinical outcome assessments. VivoSense will also use this financing to expand and refine its informatics platform for data analysis from wearable and connected technologies to deliver validated digital
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LetsGetChecked Acquires Veritas Genetics To Leverage Whole Genome Sequencing

by Fred Pennic 03/29/2022 Leave a Comment

LetsGetChecked Acquires Veritas Genetics To Leverage Whole Genome Sequencing

What You Should Know: - Healthcare solutions company LetsGetChecked, today announced the acquisition of genomics pioneer Veritas Genetics and Veritas Intercontinental. - Through these acquisitions, LetsGetChecked will leverage the power of whole-genome sequencing to launch a full lifecycle of personalized healthcare, delivering the most comprehensive health testing and care solution on the market. LetsGetChecked, a leading healthcare solutions company acquires Veritas Genetics Inc.
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ConcertAI Raises $150M at $1.9 Billion Valuation for RWD Platform

by Fred Pennic 03/29/2022 Leave a Comment

ConcertAI Raises $150M at $1.9 Billion Valuation for RWD Platform

What You Should Know: - ConcertAI, LLC (ConcertAI), the leader in enterprise AI and real-world data (RWD) solutions for life sciences and healthcare, announced the close of its $150M in Series C led by Sixth Street at a $1.9B valuation. - From its startup just five years ago, ConcertAI has emerged as one of the fastest-growing companies providing high-value software-as-a-service (SaaS) and data solutions to life sciences and biopharma companies, leading healthcare providers, contract
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CPQ: Optimizing MedTech Operations and Sales to Accelerate Cash Flow

by Chris Lekander, VP of delivery at Wilco Source 03/25/2022 Leave a Comment

CPQ: Optimizing MedTech Operations and Sales to Accelerate Cash Flow

The lead-to-cash process in most B-to-B organizations––particularly those operating in the medical device industry––is often complex and lengthy. This is even more apparent when operations, sales and customer success teams operate in manual and siloed environments.  In this all-too-common scenario, not only does it slow cash flow velocity, it also leaves the organization vulnerable to inconsistencies, inaccuracies and more errors every time a handoff occurs between
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Tempus Launches Pathology-Driven AI Platform

by Jasmine Pennic 03/21/2022 Leave a Comment

Tempus Launches Pathology-Driven AI Platform

What You Should Know: - Tempus, a provider of artificial intelligence and precision medicine, today announced the launch of Edge, an innovative platform that allows pathologists to access developing AI models intended to identify specimens with potentially actionable biomarkers using a single hematoxylin and eosin stain (H&E) slide. - With access to over 50 petabytes of de-identified multimodal data, Tempus is developing AI models with the aim to identify patients who would
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Applied XL Raises $3.5M for Real-Time Data Tracking Platform

by HITC Staff 03/21/2022 Leave a Comment

Applied XL Raises $3.5M for Real-Time Data Tracking Platform

What You Should Know: - Applied XL, a real-time information company tracking disruptions to the health of people, places, and the planet, today announced it had raised $3.5 million in seed funding led by Hearst Ventures with the participation of the Boston Globe Media Partners and STAT, which are owned by the Henry family. - The latest round brings Applied XL’s total funds raised to date to $5 million in the last 12 months. The company will use the new funding to scale its first vertical
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physIQ, CellCarta Collaborate on Study to Revolutionize Vaccine

by Jasmine Pennic 03/17/2022 Leave a Comment

physIQ, CellCarta Collaborate on Study to Revolutionize Vaccine

What You Should Know: - Today, digital medicine leader physIQ and CellCarta, a global leader in precision medicine services announced they are collaborating on a groundbreaking study that could revolutionize vaccine development. - The strategic collaboration advances the detailed study of early, individualized human responses to vaccinations as pharma companies race to deliver safe, effective vaccines sooner. physIQ, a pioneer in digital medicine, and CellCarta, a global leader in
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Verily & Lumea Partner to Leverage AI in Prostate Cancer Diagnoses

by Fred Pennic 03/16/2022 Leave a Comment

Verily & Lumea Partner to Leverage AI in Prostate Cancer Diagnoses

What You Should Know: - Verily and Lumea today announced a strategic partnership to develop products that can diagnose, prognose, and guide prostate cancer therapy selection with improved objectivity and efficiency. - Lumea’s integrated digital pathology solution will validate Verily’s AI method for improving cancer detection and grading in partnership with Google Health. Partnership Goals The Verily-Lumea collaboration will utilize Lumea’s digital pathology platform
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Proscia and Siemens Healthineers Expands Global Reach of Digital Pathology

by Jasmine Pennic 03/16/2022 Leave a Comment

JPC Taps Proscia to Modernize World's Largest Human Tissue Repository

What You Should Know: - Proscia®, a digital and computational pathology solution announced a multi-year OEM agreement with Siemens Healthineers. - Under the agreement, Siemens Healthineers will enter the market by combining its Syngo Carbon enterprise imaging solution with Proscia’s Concentriq Dx digital pathology platform.
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