Dave Muoio

By  Dave Muoio 12:13 pm March 15, 2021
insitro, an artificial intelligence drug discovery startup, has added a $400 million Series C round to its already impressive fundraising haul. The financing is set to close during the first full week of April, according to the company. Canadian Pension Plan Investment Board led the raise, which also included a laundry list of participants. These names include: Andreessen Horowitz, funds and...
By  Dave Muoio 02:59 pm March 11, 2021
Colorado-based cliexa, the maker of various software tools for providers, announced in a blog post yesterday that it has acquired ProSkedge.com, an automated scheduling platform for surgical procedures. The terms of the deal were not disclosed. WHAT'S THE IMPACT? ProSkedge is the work of Dr. Lukasz Kowalczyk, a practicing gastroenterologist who, according to his LinkedIn profile, started...
By  Dave Muoio 01:28 pm March 11, 2021
This morning, Forward Health, a tech-heavy doctor's office founded and backed by ex-Googlers, announced a $225 million Series D funding round. Founders Fund, Khosla Ventures, SoftBank Vision Fund 2, Marc Benioff and The Weeknd each participated in the raise, along with other unnamed backers. WHAT IT DOES San Francisco-based Forward was formed about five years ago by Adrian Aoun (who also founded...
By  Dave Muoio 03:00 pm March 10, 2021
Ibex Medical Analytics, an Israel-based startup using artificial intelligence to support cancer diagnostics, has unveiled a $38 million Series B funding round. Octopus Ventures and 83North led the raise, which also saw participation from aMoon, Planven Entrepreneur Ventures and Dell Technologies Capital. WHAT IT DOES Ibex's Galen platform uses AI and machine learning to reduce the burden on...
A nerve cell affected by Alzheimer's disease
By  Dave Muoio 02:25 pm March 10, 2021
Yesterday Cognito Therapeutics, a startup using visual and auditory stimulation to treat neurodegenerative disorders, announced Phase 2 trial results suggesting its gamma frequency neuromodulation therapy slowed declines in memory and cognition among mild-to-moderate Alzheimer's disease patients. The OVERTURE study, a multi-center, randomized controlled trial, enrolled 76 such patients aged 50...
By  Dave Muoio 01:34 pm March 9, 2021
Digital musculoskeletal (MSK) care triple-unicorn Hinge Health today announced the upcoming acquisition of Enso, the maker of an eponymous non-invasive electrical nerve stimulation device for pain relief. Hinge Health did not disclose the terms of the deal or its impact on Enso employees, but a representative told MobiHealthNews that the purchase is set to close "within weeks." The Enso device is...
By  Dave Muoio 03:01 pm March 8, 2021
San Francisco-based behavioral health startup Ginger (formerly Ginger.io) has made two noteworthy additions to its advisory board: former U.S. Representative for Massachusetts Joe Kennedy III and Myrna Soto, the chief strategy and trust officer for cybersecurity company Forcepoint. "With a surge of people seeking care, and a growing shortage of those who provide it, our nation’s badly broken...
By  Dave Muoio 01:38 pm March 8, 2021
Abbott announced today that it has updated NeuroSphere, its app-driven neuromodulation therapy platform, with remote programming capabilities that will allow patients to speak with and receive adjustments from their provider via a cellular or WiFi connection. The NeuroSphere Virtual Clinic was recently approved by the FDA and is now available within the Abbott patient controller app for use with...
By  Dave Muoio 04:36 pm March 5, 2021
The FDA has issued its first emergency use authorization for a COVID-19 molecular diagnostic test that does not require a prescription and can be used at home. Developed by Cue Health, the Cue COVID-19 Test for Home and Over the Counter Use was first authorized for point-of-care use last June. It uses a nasal swab sample collected from the lower nose to detect the presence of SARS-CoV-2 RNA, and...
By  Dave Muoio 03:21 pm March 4, 2021
No-cost medications for patients in need. Online prescription discount platform GoodRx has partnered with the National Association of Free and Charitable Clinics (NAFC) to kick off a philanthropic program that will support patients in need with free prescriptions and care. With a target goal of more than $5 million in free medications provided during 2021, the company said that it has kick-...