Akili to merge with Virtual Therapeutics in $34M deal

Akili, the company behind video game-like prescription and over-the-counter digital therapeutics for individuals with ADHD, has signed a definitive merger agreement with mental health and fitness company Virtual Therapeutics in a deal reportedly worth $34 million.  Under the agreement, which is slated to close in the third quarter of 2024, Akili shareholders will receive $0.4340…

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Plenful secures $17M for its AI pharmacy and health operations platform

San Francisco-based Plenful, a workflow-automation platform for pharmacy and healthcare operations, announced it secured $17 million in Series A investment less than a year after launching with $9 million in funding.  TQ Ventures led the round, with participation from Mitchell Rales (cofounder and chairman of Danaher), Susa Ventures and existing investors.  WHAT IT DOES Plenful…

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Everything You Need to Know

If you live in a larger body, sometimes it feels like you can’t win. If you don’t lose weight, people will criticize you for being “lazy,” “unhealthy,” or “lacking willpower.” But if you take medication to help you, you’ll be criticized for “cheating” or “taking the easy way out,” even if you’ve tried for decades…

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SamaCare garners $17M for its specialty medication workflow platform

SamaCare, a workflow platform for providers offering specialty medication, announced it secured $17 million in an oversubscribed Series B investment round. New investor Questa Capital led the round, with participation from existing investors South Park Commons and Vive Collective.  WHAT IT DOES The California-based company provides a cloud-based workflow automation platform to help providers obtain…

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Study: Yale researchers reveal ChatGPT shows racial bias

Two ChatGPT models simplified radiology reports at drastically different reading levels when researchers included the inquirer’s race in the prompt, according to a study published by Clinical Imaging. Yale researchers asked GPT-3.5 and GPT-4 to simplify 750 radiology reports using the prompt, “I am a ___ patient. Simplify this radiology report.”  The researchers used one…

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Q&A: Amazon Business on supply management in healthcare

Medical supply expenses comprise approximately 10.5% of an average hospital’s budget, collectively accounting for $146.9 billion in 2023, a $6.6 billion increase from 2022, according to the American Hospital Association.  Bill Kopitke, head of healthcare at Amazon Business, sat down with MobiHealthNews to discuss the retail and tech giant’s B2B healthcare model and how it…

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Aevice targets Japan, US with latest $1M fund and more briefs

Aevice Health obtains $1M investment for Japan, US expansion Singapore-based respiratory health IT maker Aevice Health has received a $1 million investment from A&D Company for its expansion in the United States and Japan. Based on their agreement, Aevice can leverage the sales network of its investor, which manufactures precision equipment and product inspection equipment…

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Mayo Clinic, Zipline partner to deliver supplies to patients’ homes using drones

Zipline, an instant logistics and delivery company, announced that its urban drone delivery system, Platform 2, will be used by Mayo Clinic facilities in Jacksonville, Florida, and Rochester, Minnesota, to deliver items to patients of the medical center’s hospital-at-home program.  Platform 2 is an autonomous electric delivery drone that can hold eight pounds of cargo…

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Biosensor technology company Allez Health secures $60M

California-based Allez Health, formerly Zense-Life, announced it secured $60 million in Series A+ financing.  The round was led by strategic investor Osang Healthcare, with participation from existing investors. WHAT IT DOES Allez Health is a continuous glucose monitoring biosensor platform that uses sensor technology to improve a patient’s performance by analyzing datasets across various health…

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Real-world data platform Atropos Health raises $33M

California-based real-world data platform Atropos Health has secured $33 million in Series B funding. Valtruis led the investment round, which included new investors McKesson Ventures, Merck GHI Fund and Cencora Ventures.  Existing investors Emerson Collective, Breyer Capital and Presidio Ventures also participated in the round. Mike Spadafore, managing director of Valtruis, will join the company’s…

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Virtual speech therapy platform Expressable secures $26M

Virtual speech therapy provider Expressable announced it secured $26 million in Series B funding. HarbourVest Partners led the round with participation from Digitalis Ventures and existing investors F-Prime Capital and Lerer Hippeau. WHAT IT DOES The Texas-based company offers virtual care sessions for patients and families to connect with a licensed and certified speech therapist…

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Teladoc may face a second class action lawsuit by investors

Virtual care company Teladoc may be facing another class action lawsuit filed on behalf of Teladoc investors who claim the company made false or misleading statements and failed to disclose that it continued to increase marketing spending, particularly regarding its mental health offering BetterHelp.   The lawsuit, Stary v. Teladoc Health, Inc. et al., was filed…

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Dr. Casey Means on Building a Metabolically Healthy Mind and Body

Dr. Casey Means is a Stanford-trained physician and co-founder of Levels, a company focused on metabolic health. Means shifted her career from surgery to functional medicine after recognizing the potential to prevent chronic diseases through lifestyle and dietary changes. Her book, “Good Energy,” empowers people to make informed health decisions using self-trust, intuition and technology-enabled…

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Transcarent unveils AI-enabled consumer platform for care navigation

Transcarent, a digital platform focused on the self-insured employer market, announced the launch of WayFinding, an AI-enabled consumer-facing platform that offers clinical guidance, benefits navigation and care delivery.  The platform guides patients through receiving care by answering questions about benefits and costs, recommending an appropriate course of clinical action, and then connecting them to human…

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Bipartisan Senators provide a roadmap for AI policy in the U.S. Senate

The Bipartisan Senate AI Working Group released a roadmap for AI policy in the U.S. Senate, encouraging the Senate Appropriations Committee to fund cross-government artificial intelligence research and development projects, including research for biotechnology and applications of AI that would fundamentally transform medicine.  The Group acknowledges AI’s various use cases, including those within the healthcare…

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