Notes on data-driven tech
Why is it important to know about immunotherapies?One of the largest non-governmental entities in healthcare space are Pharma and Biotech companies Most of the top Pharma and Biotech companies (certainly top 10) generate bulk of their revenue from oncology (largest therapeutic area) and invest heavily in the same spaceIn clinical trials the largest therapeutic area is oncology (number
The regulators seem to consider a medical Software as a device provided it meets certain criteria (trying to diagnose, treat or enables clinical decision making etc). 1. The 30,000 feet view:Source: YaleNote: The FDA will not actually run your software but rely on your documentation.2. Qualifying as a Medical deviceThere are three influential bodies when it comes to Medical Device Software
AI has been used in medical imaging for a while now. Dozens of well funded companies operate in this space. Although the new machine learning techniques, massive compute power and rise is electronic medical images has created many impressive solutions, commercialization is a whole different ballgame. In this article I hope to review how multiple companies are commercially positioning themselves
Timedoc Health raises $48.5 millionCompany: The company offers virtual care management solutions to providers overseeing patients with chronic health conditions, working with approximately 120 providers across 35 states.Problem Space:Chicago-based TimeDoc helps the overstretched, overworked primary care physician better manage their chronic care patients in between appointments as per the
This is a very interesting space in the industry. I have attempted to create a classification framework. It is primarily based on three pillars - data (relationship/closeness with source), scale of technical solution, level of insights. A lot of the data and analytics companies would fall into one of the three categories. 1. Data ProvidersFor the data providers I am using the
Telehealth platform Doctolib reaches €5.8BN valuationCompany: Started out as an appointment booking and scheduling platform in 2013.Doctolib has added additional services including telemedicine, instant messaging service, and back-office tool for administrative tasks.The company has reached a valuation of €5.8 billion, or $6.4 billion at today’s exchange rate. That makes Doctolib the highest
Health Gorilla grabs $50M for national data-sharing networkCompany: The startup’s national health information network works to allow seamless data sharing between patients, payers, providers, digital health companies and labs.Its platform uses a suite of FHIR-based application program interfaces (APIs) that digital health developers can integrate into their own solutions to aggregate each
Elemy reaches unicorn status boosted by $219M investmentCompany: Online + in-home behavioral health therapy for childrenprovides care services for children with autism and other behavioral health conditions by pairing best-in-class clinicians with better technology.launched a little more than a year ago Formerly named Sprout TherapyValued at $1.15 billionProblem Space:Just in the U.S. alone,
Rupa Health Raises $20M to Bring Root Cause Medicine to the WorldCompany: Rupa health defined itself as a healthcare company that is building the digital platform for the next evolution of medicine, root cause medicine. Basically it enables providers to order, track & get results from 25+ lab companies and 3000+ tests in one place.Science:A root cause approach looks at a
In healthcare industry everybody seems to be getting up in everyone else’s business. Payers expanding into provider territories (employers direct contracting with providers, or creating employer-owned hospital)Online pharmacies are building virtual clinics and in-home care platforms (Roman/Ro)Diagnostic companies (like Athelas) are expanding into remote monitoring.Clinical study
Omada Health Closes $192 Million Series E Financing to Bring Virtual-First Care to MillionsCompany: Omada Health’s mission is to solve the problem of chronic care treatment in the U.S. There are so many inefficiencies in the healthcare system that hinder individuals from truly managing their health. Omada Health delivers integrated, virtual care across chronic conditions, a top clinical need
1. What is the difference between digital health, digital medicine and digital therapeutics?source - DiMeLet's double zoom in on this extremely simplified view source - DiME2. What are some examples of digital health, digital medicine and digital therapeutics?source3. What value the DTx can create?source - DiMe4. Are there any FDA-approved DTx?Following DTx have been authorized by the
Memora Health Announces $40M Financing To Scale Platform for Simplifying Complex Care DeliveryCompany: Memora Health has a vision to make care more actionable, accessible and always-on. According to co-founder Manav, the company focusses on three key areas - messaging, monitoring and management.Messaging - For example, guide a patient through the entire planMonitor the patient along
Takeda join Novartis and Merck in $45 M investment in Koneksa Health.Company - Koneksa positions themselves as a digital biomarker company. So this week I will try to explore more on Koneksa and digital biomarkers.Koneksa's platform stands to benefit from the renewed interest the COVID-19 pandemic brought to remote monitoring of clinical trials, since the technology is designed to collect patient
Meditation app Calm is acquiring Ripple Health Group, a San Francisco-based healthcare technology companyCompany:Calm is mental health company offering guided meditation.Recently they expanded into physical activity and video content with the launch of its new Daily Move feature through simple exercises.Ripple connects users with proper healthcare options and builds solutions that
Zoi, a preventive care #startup co-founded by a former Macron advisor, raises $23 million seed roundHeadline: Founders: The science: The technology: Future plansOther notes:Customer segmentWho pays?CompetitionAnalysisInsulet Announces FDA Clearance of its Omnipod® 5 Automated Insulin Delivery SystemHeadline: Founders: The science: The technology: Future
64x Bio Lands $55 Million for Gene-Therapy TechHeadline: Founders: The science: The technology: Future plansOther notes:Customer segmentWho pays?CompetitionAnalysisIterative Scopes Raises Another $150M, Plans to Grow TeamHeadline: Founders: The science: The technology: Future plansOther notes:Customer segmentWho pays?CompetitionAnalysisAulisa Medical USA
MeMed raises $93M to accelerate commercialization of its host immune-response product portfolioHeadline: Founders: The science: The technology: Future plansOther notes:Customer segmentWho pays?CompetitionAnalysisAI Startup DeepScribe Raises $30 Million To Help Prevent Physician BurnoutHeadline: Founders: The science: The technology: Future plansOther
Protai raises $8 million in Seed for its proteomics-based platform for drug discoveryHeadline: Founders: The science: The technology: Future plansOther notes:Customer segmentWho pays?CompetitionAnalysisThe Israeli startup using spatial biology to provide better cancer treatmentHeadline: Founders: The science: The technology: Future plansOther notes:Customer
Due to Charismas and New Year's Eve, not a lot happened last week. So I decided to pick up a few stories from 2021 and discuss them.1. The anti-aging raceThis field have been active for a while and we have seen may companies raise funding in the last 5 years. However this year was different.More than 3 dozen companies working exclusively in this space are listed here. As of December 2021, the top
Overjet has raised $42.5 million in Series B — reaching $425 million valuation.Headline: Founders: The science: The technology: Future plansOther notes:Customer segmentWho pays?CompetitionAnalysisSoftBank Leads $300 Million Investment in Mental-Health Startup CerebralLatest financing for the telemedicine company values it at $4.8 billionHeadline: Founders: The
Roche and Genentech have committed up to $12 Billion to Recursion to use their OS in a major AI Drug Discovery collaboration.Headline: Founders: The science: The technology: Future plansOther notes:Customer segmentWho pays?CompetitionAnalysisEQRx Debuts as Publicly Traded Company to Develop and Deliver Innovative Medicines at Radically Lower
VineHealth closed a $5.5 million seed round as it prepares to expand into the U.S.Headline: VineHealth combines behavioral health as well as AI to provide timely patient support and nudges. Founders: The startup founded by 2 co-founders, Georgina Kirby has background in AI and the other Raynna Patel has behavioral science expertise.The science: Multiple studies show that systematic
This week Immunai raised $215 M to map our immune system with the help of AI. This round of funding comes after two acquisitions in the current year. The first one was single-cell genomics software firm Dropprint Genomics in March and second being Swiss bioinformatics company Nebion in July. These acquisitions and the financing are going to help to create the largest single-cell immune database
Today in the first post of weekly industry update, I will go through some of the recent interesting news of digital health startups. The behavioral health segment in the digital health industry is heating up. The US market size alone is $68 billion. The metal-health startups have raised more than $1.5 billion in 2020 and are expected to touch $3 billion in 2021. This week a UK based company
