H|T: The Healthtech Times – Don’t Google that rash

PLUS: ADHD drugs are convenient to get online. Maybe too convenient.

The Healthtech Times is a weekly newsletter covering healthtech news from Canada and around the globe. Subscribe to H|T using the form at the bottom of this page to ensure you don’t miss out on the most important healthtech news every week!


Subscribe to H|T using the form at the bottom of this page to ensure you don’t miss out on the most important healthtech news every week!


Clinia closes $5 million to scale B2B health search infrastructure (BETAKIT)

In an interview with BetaKit, Clinia co-founder and CEO Simon Bédard said that patients need help to access the right health resources. According to Bédard, general search engines like Google provide a glut of search results muddled with marketing, which can make it difficult for users with specific health issues to determine “what’s good and not good” for their individual situations.


Blackstone growth leads $200 million investment in DNAnexus (BLOOMBERG)

The series I round values the Mountain View, California-based company at about $600 million.


GoodRx snaps up tech-backed pharmacy platform vitaCare for $150M (MOBI HEALTH NEWS)

Medication price transparency tool GoodRx is scooping up tech-backed pharmacy platform vitaCare for $150 million in cash, with an additional $7 million contingent based on performance.


Phoenix Fire launches angel fund focused on women entrepreneurs (BETAKIT)

A new group has launched an angel fund focused on investing in women entrepreneurs. The fund, Phoenix Fire, is part of the Archangel Network of Funds and is led by managing partner Danielle Graham and TD Bank executive Claudette McGowan.


ADHD drugs are convenient to get online. Maybe too convenient (BLOOMBERG)

Backed by SoftBank and promoted by Simone Biles, Cerebral has built the fastest-growing online mental health business. Former employees say the rapid expansion comes at the expense of patient care.


The Group Ventures secures $20 million for Fund II to invest in Canadian, Israeli tech startups (BETAKIT)

In an exclusive interview with BetaKit, Balass and Carr spoke about the firm’s first fund, investment strategy, and what TGV hopes to accomplish through Fund II.


On Depop, sellers are pushing shady secondhand pills (WIRED)

The popular ecommerce site is riddled with half-used packets of diet pills and harmful health supplements, highlighting the need for tougher regulation.


Clio and Trulioo say not now to IPOs as CEOs discuss unicorn M&A strategies (BETAKIT)

At a recent event for BetaKit Patreon supporters, Clio CEO Jack Newton and Trulioo CEO Steve Munford revealed that they aren’t planning to take their companies public anytime soon, and shared an in-depth look at how the two BC tech unicorns tackle mergers and acquisitions.


In a defamation lawsuit, the hype around digital health clashes with scientific criticism (STAT NEWS)

Aretraction often marks the end of a dispute over published scientific research. But in the case of a $300 digital fertility tracker marketed by Valley Electronics, it was only the beginning


Zymeworks co-founder, former CEO Ali Tehrani joins Amplitude Ventures as venture partner (BETAKIT)

Precision health-focused investment fund Amplitude Ventures has strengthened its team by adding biotech veteran Ali Tehrani as a venture partner. The move comes shortly after Tehrani stepped down as president and CEO of Vancouver-based Zymeworks, which he co-founded over 18 years ago.


Elizabeth Holmes’s ex-boyfriend hopes to escape the verdict she didn’t (NEW YORK TIMES)

Jury selection started in Sunny Balwani’s fraud trial, which will establish just how much he knew about the blood-testing start-up Theranos and Ms. Holmes’s actions.


A year after launch, Backbone Angels is closing gaps felt by underrepresented founders (BETAKIT)

One year after launching Backbone Angels, the group of current and former Shopify leaders are proving there is a market for investing in founders who are often overlooked. Over the past year, Backbone’s 10 angel investors have collectively invested $2.3 million USD across 42 companies, 56 percent of which are run by women of colour.


The gamification of fitness: Are we getting played by our exercise apps? (THE WALRUS)

The video game elements often blamed for sedentary lifestyles are now being used to get people moving


Nayya nabs $55M to expand its recommendation and personalization engine for healthcare and other benefits (TECHCRUNCH)

The startup has been on a fundraising tear in the last year, a mark of how its service has grown during COVID-19.


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” target=”_blank” rel=”noopener noreferrer”>The Group Ventures secures $20 million for Fund II to invest in Canadian, Israeli tech startups (BETAKIT)

In an exclusive interview with BetaKit, Balass and Carr spoke about the firm’s first fund, investment strategy, and what TGV hopes to accomplish through Fund II.


Allscripts sells hospital business unit in $700M deal with Constellation subsidiary (FIERCE HEALTHCARE)

Harris will acquire a range of assets from the health IT company’s hospital and large physician practices segment, including Sunrise, Paragon, Touchworks, Opal, dbMotion, STAR and Healthquest solutions.


Zymeworks co-founder, former CEO Ali Tehrani joins Amplitude Ventures as venture partner (BETAKIT)

Precision health-focused investment fund Amplitude Ventures has strengthened its team by adding biotech veteran Ali Tehrani as a venture partner. The move comes shortly after Tehrani stepped down as president and CEO of Vancouver-based Zymeworks, which he co-founded over 18 years ago.


Report: Mental health startups raise $5.5B globally in 2021 (MOBIHEALTHNEWS)

That amounts to a 139% increase from 2020, according to CBInsights’ State of Mental Health Tech 2021 Report.


Canadian venture capital investment hits all-time high of $14.2 billion in 2021 (BETAKIT)

Canadian venture capital (VC) investment hit an astounding mark this past year, increasing 215 percent from 2020. VC investment in 2021 hit $14.2 billion, following a trend of record years for venture investment that blew all past years out of the water.


Cigna plans to invest $450M in venture arm for digital health, analytics (FIERCE HEALTHCARE)

Cigna plans to give its venture capital arm a $450 million boost as part of its strategy to increase the company’s shareholder value and deliver long-term growth.


Five tips for startups exploring buy now, pay later (BETAKIT)

PwC’s Andrew Popliger examines Buy Now, Pay Later’s digital adoption and shares tips for startups to ensure their BNPL experience is future-proof.


Health Canada recalls Fitbit watch due to risk of burns (CBC)

The Fitbit Ionic smartwatch has been recalled in the U.S., Canada and Mexico.


Curv Health closes $5.1 million to connect employers, insurers with healthcare providers (BETAKIT)

In an interview with BetaKit, Curv co-founder and CEO, Shea Balish, said the startup quickly realized that there was a much larger opportunity to apply the remote monitoring tech it had developed to its own full-stack digital clinic.


Ro expands fertility services with Dadi acquisition (MOBIHEALTHNEWS)

The deal comes less than a year after the direct-to-consumer virtual care company scooped up Modern Fertility.


FGC Health acquires Pharmacy Access Solutions to help independent pharmacies automate (BETAKIT)

Since 2020, the startup has been on a tear acquiring pharmacies, medical clinics, and an EMS service. The PASI acquisition closed on February 3.


Warburg Pincus co-leads latest funding round in Israel’s MDClone (BNN BLOOMBERG)

MDClone, a synthetic medical data startup, raised $63 million from investors led by Warburg Pincus and Viola Growth to fund global expansion.


We need to keep talking about founder mental health (BETAKIT)

Eigenspace co-founder Jesse Rodgers emphasizes the need for founders to talk about mental health, and shares tips on where to get support.


Nayya nabs $55M to expand its recommendation and personalization engine for healthcare and other benefits (TECHCRUNCH)

The startup has been on a fundraising tear in the last year, a mark of how its service has grown during COVID-19.


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Josh Scott

Josh Scott

Josh Scott is a BetaKit staff writer who loves to tell Canadian business and tech stories. His coverage is more complete than his moustache.

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