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Life Sciences | News, Analysis, Insights - HIT Consultant

LexaGene Raises $13.29M to Launch Automated Genetic Analyzer Device

by Fred Pennic 09/15/2020 Leave a Comment

LexaGene Raises $13.29M to Launch Automated Genetic Analyzer Device

What You Should Know: - LexaGene's closes CAD$13 million funding round as it prepares to launch its gold standard diagnostic device called MiQLab that applies a proprietary RT-qPCR-based method to analyze each sample's contents for up to 27 different pathogens in approximately one hour. - MiQLab is uniquely open-access, which allows users to customize their tests and create new tests easily. In the case where a new test was needed because of a mutation, the open-access feature allows new
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FUJIFILM Sonosite & the CHEST Foundation Partner for COVID-19 Research

by Jasmine Pennic 09/15/2020 Leave a Comment

Fujifilm Sonosite Unveils Next-Gen Point-of-Care Ultrasound System for Frontline Clinicians

What You Should Know: - FUJIFILM Sonosite, Inc. today announced their partnership with the CHEST Foundation, the charitable foundation of the American College of Chest Physicians, on the CHEST Foundation COVID-19 Research Grant program.  - To support this program, FUJIFILM Sonosite is contributing $70,000 to the foundation and will donate newly launched Sonosite PX ultrasound systems to the selected research award sites. FUJIFILM Sonosite, Inc., the world leader in
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UCSD Partners with Cofactor Genomics to Improve Head and Neck Cancer Outcomes

by Jasmine Pennic 09/15/2020 Leave a Comment

UCSD Partners with Cofactor Genomics to Improve Head and Neck Cancer Outcomes

What You Should Know: - Physicians at the University of California, San Diego (UCSD) School of Medicine and Cofactor Genomics ink a partnership to improve a physician’s ability to predict tumor response to immunotherapy, specifically in recurrent and metastatic squamous cell carcinoma of the head and neck. - The data generated in this collaboration will further expand clinical evidence presented by Washington University physicians, where Cofactor’s technology showed superiority over the
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Uniphore CEO Talks Call Centers & Why Contact Tracing is Failing

by Fred Pennic 09/04/2020 Leave a Comment

Uniphore CEO Talks Call Centers & Why Contact Tracing is Failing in the US

Amid the COVID-19 pandemic, all call centers have now been asked to play a vital role, acting as the hubs for contact tracing to help track and contain the spread of the virus. It’s estimated that the U.S. needs to employ 100,000 to 300,000 contact tracers for this to be an effective program. However, call center representatives that have a healthcare background and are trained to handle these sensitive calls are in short supply, so states have had to get “creative about finding the workforce.”
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KPMG Launches COVID-19 Convalescent Plasma Donor Matching Solution

by Fred Pennic 08/21/2020 Leave a Comment

KPMG Launches New COVID-19 Convalescent Plasma Donor Matching Solution

What You Should Know: - KPMG offers its data & analytics capabilities to address emerging challenges tied to matching recovered patients with those in clinical trials to receive convalescent plasma. - KPMG’s capabilities can make the plasma donation process easier and more efficient by automating the complex tasks and logistics associated with the data collection, qualification and matching process by performing statistical analytics, and using artificial intelligence (AI),
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UK Cancer Diagnostics Startup Biofidelity Raises $12M

by Jasmine Pennic 08/20/2020 Leave a Comment

UK Cancer Diagnostics Startup Biofidelity Raises $12M

What You Should Know: - UK-based Biofidelity raises $12 million in Series A funding to accelerate the launch of disruptive cancer diagnostic technology. - The funding will be used to bring technology to market, enabling a dramatic simplification of precision genetic testing to ensure many more cancer patients receive optimal diagnosis and therapy. Biofidelity Ltd, a Cambridge, UK-based cancer diagnostics company, today announced it has raised $12 million in Series A funding led by
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Castor Raises $12M to Advance COVID-19 Research Through Clinical Trial and Data Automation

by Fred Pennic 08/19/2020 Leave a Comment

Castor Raises $12M to Advance COVID-19 Research Through Clinical Trial and Data Automation

What You Should Know: - Castor raises $12M in Series A funding to further their support for COVID-19 research through clinical trial and data automation. - With 4,000 live studies and 2,000,000 enrolled patients across 90 countries, Castor will use the funding to further invest in enabling patient-centric, data-powered clinical trials. Castor, a Hoboken, New Jersey startup using automation and data reuse to simplify the entire clinical trial process, announced $12M in Series A
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THREAD Lands $50M for Decentralized Clinical Trial Research Platform

by Jasmine Pennic 08/14/2020 Leave a Comment

THREAD Lands $50M for Decentralized Clinical Trial Research Platform

What You Should Know: - THREAD receives an additional $50 million capital commitment from Water Street and JLL Partners to expand its decentralized clinical trial research platform - THREAD is an innovative technology and service provider that increases participant engagement by enabling pharmaceutical companies and contract research organizations to remotely capture data from participants and sites during, in between and in lieu of in-clinic visits.  - This major investment
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Mission Bio Lands $70M to Expand Cancer Therapies With Single-Cell Multi-Omics Platform

by Jasmine Pennic 08/13/2020 Leave a Comment

Mission Bio Lands $70M to Expand Cancer Therapies With Single-Cell Multi-Omics Platform

What You Should Know: - Mission Bio raises $70 million in Series C funding led by Novo Growth to accelerate the development of cancer therapies with single-cell multi-omics. - Mission Bio’s Tapestri Platform, the first single-cell platform capable of detecting DNA and protein changes simultaneously, gives a profound insight into the mutations that drive disease to accelerate the development of novel treatments and save patient lives.  Mission Bio, Inc., a South San Francisco,
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Bayer, Verizon Partner to Build Next-Gen Global Network Infrastructure

by Fred Pennic 08/13/2020 Leave a Comment

Bayer, Verizon Partner to Build Next-Gen Global Network Infrastructure

What You Should Know: - Bayer announced that it has chosen Verizon Business to build a next-gen global network infrastructure to support the pharmaceutical giant’s global business operations.  - Verizon will enhance Bayer’s existing network capabilities to enable easier and more cost-effective network management and will deploy next-generation network technologies, such as software-defined networking (SDN), to further improve resilience, flexibility,
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