According to the Center for Disease Control, an average of 130 Americans die every day from an opioid overdose. Although illicit opiates such as heroin and fentanyl are the primary drivers of the opioid crisis, prescription opiates still play a large role. The National Institute on Drug Abuse reports that 21-29 percent of patients who receive prescriptions for opioids will misuse the drug and 8 to 12 percent of opioid recipients will develop a disorder. Almost all heroin users have misused
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Pharma
Syqe Medical, TerrAscend to Distribute Medical Cannabis Inhaler to Canadian Market
- Syqe Medical, Ltd. and TerrAscend Corp. announced an exclusive distribution agreement to bring Syqe’s flagship product, the SyqeTM Inhaler, to the Canadian market.
- TerrAscend will utilize their platform to both provide high-quality guidance to patients on use of the Syqe device and educate the medical community on the benefits of medical cannabis and the Syqe treatment.
- For the first time ever, the amount of THC in the bloodstream can be accurately controlled in a consistent,
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TEAMFund Closes $30M Impact Fund to Invest in Medical Tech Startups Improving Patient Access in Low-Resource Settings
TEAMFund ("Transforming Equity and
Access for MedTech") closes $30M inaugural fund to invest in medical tech
startups that improve patient access in low-resource settings.
TEAMFund invests in
commercial-stage companies addressing non-communicable diseases in low-resource
settings, with an initial geographic focus in India and Sub- Saharan Africa.
TEAMFund has a 10-year horizon
and expects to have 8-10 portfolio companies in the Fund with up to 5 years to
commit the
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OptimizeRx Acquires Digital Therapeutics Platform RMDY Health for $16M
- OptimizeRX acquires RMDY Health, a multipurpose digital therapeutics SaaS platform, for $16 million in cash and equity.
- Acquisition will enhance OptimizeRx existing digital platform with technology solutions tailored for digital therapeutics and extends offerings to SaaS-based patient engagement markets.
- RMDY will maintain its technology team in Tel Aviv, Israel, and U.S. based personnel and use the OptimizeRx New Jersey HQ.
OptimizeRx announced it will acquire RMDY
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Israeli Startup MDClone Lands $26M to Expand Healthcare Data Sandbox
MDClone, an Israeli-based provider of the world’s first healthcare data sandbox has raised $26 million in Series B funding led by aMoon with participation from existing investors OrbiMed Israel Partners and Lightspeed Venture Partners. MDClone plans to utilize the funding to further develop its existing platform and build new products and novel approaches leveraging data across its global network, as well as accelerate sales and marketing efforts.Healthcare Data Sandbox: Explore and Discover
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HLTH & ATA Partner Up to Highlight Telehealth Solutions, Virtual Care Adoption
HLTH, the largest and most important conference for healthcare innovation announced a new partnership with ATA, the premier organization working to accelerate the adoption of telehealth, to showcase innovations in virtual care that will change the way care is ultimately delivered.Telehealth solutions include digital health, artificial intelligence (AI), virtual care, remote monitoring, and digital therapeutics (DTx), as well as 'store-and-forward' or asynchronous technologies that securely
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Pittsburgh Health Data Alliance, Amazon Partner on Machine Learning Research Sponsorship
Pittsburgh Health Data Alliance (PHDA) announced today that it is working closely with Amazon Web Services (AWS), an Amazon.com company, through a machine learning research sponsorship, to advance innovation in areas such as cancer diagnostics, precision medicine, voice-enabled technologies and medical imaging.Leveraging Machine Learning to Power Medical ResearchA unique consortium formed four years ago by UPMC, the University of Pittsburgh and Carnegie Mellon University (CMU), the PHDA uses
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Backed by Mayo Clinic Study, Eko Launches Cardiac Remote Monitoring App, Eko Home
Currently being used in a study by Mayo Clinic, cardiac monitoring app Eko Home enhances outpatient cardiac data collection and demonstrates real world efficacyEko, a Silicon Valley-based digital health company applying machine learning in the fight against heart disease, today announced its cardiac remote monitoring app, Eko Home. The app is a first-of-its-kind service that enables precise remote monitoring of cardiac function using ECG and heart sounds. Eko Home can be used to create drug-data
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Belong.Life Raises $14M to Expand AI-Powered Social Network for Cancer Patients
Belong.Life, creators of the "Belong - Beating Cancer Together" mobile app, the world's largest social network and navigator app for cancer patients, caregivers and healthcare professionals announced it has raised $14M in Series B funding led by IQVI. The Series B round also included participation from The Group Ventures and other existing investors.Founded in 2015 by noted entrepreneurs Eliran Malki, Irad Deutsch and Ohad Rubin after each lost relatives to cancer, Belong - Beating Cancer
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Cedars-Sinai Accelerator Reveals 5th Class of 11 Digital Health Startups
Cedars-Sinai Accelerator, today announced 11 new digital health startups selected to participate in its fifth class from across the United States and Europe. From artificial intelligence to a smart brace for knee replacement patients, these innovative healthcare-focused startups are working to transform health and healthcare delivery as part of the Los Angeles-based accelerator program. Through their innovations, the companies seek to address some of healthcare’s most pressing challenges,
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