H|T: The Healthtech Times – Ethics before profits


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Calgary’s Orpyx raises $7.6 million Series A to commercialize, develop shoe-based diabetes tech (BETAKIT)

Orpyx Medical Technologies, smart remote monitoring tech that helps prevent diabetic foot ulcers, has closed a $7.6 million Series A led by Paddock Capital.

Leaving the $3.2 billion portfolio he helped build at IndieBio, Arvind Gupta joins Mayfield to create the Genesis Consortium (TECHCRUNCH)

The move is a signal both of Mayfield’s increasing commitment to invest in a thesis around human and planetary health, and of the growing importance of bio-engineering in the world of emerging technologies.

Russian group targeted COVID-19 vaccine research in Canada, U.S. and U.K., say intelligence agencies (CBC)

A hacker group “almost certainly” backed by Russia is trying to steal COVID-19-related vaccine research in Canada, the U.K. and the U.S., according to intelligence agencies in all three countries.

Leaping from seed to Series A for digital health startups proves difficult (CRUNCHBASE)

The leap from raising seed funding to landing a Series A was difficult for RxRevu CEO Carm Huntress, as it typically is for many in the digital health space.

Mednow.ca raises $6.5 million to connect Canadians with pharmacies virtually (BETAKIT)

Toronto-based Mednow.ca, a virtual care startup that launched earlier this year during the COVID-19 pandemic, has raised a $6.5 million seed round.

Digital pharmacy startup Medly raises $100M (MED CITY NEWS)

Medly, a New York-based digital pharmacy startup that offers same-day prescription delivery, raised $100 million in a series B round.

Fertility tech poses market opportunity for the future, VC firm Octopus reports (MOBIHEALTHNEWS)

The report indicates that fertility focused startups have raised $2.2 billion in the last five years.

Ending the pandemic will require big pharma to put ethics before profits (FAST COMPANY)

To stop the virus will require everyone getting a vaccine, no matter the cost.

Paige, the computational pathology startup targeting cancer, closes a Series B at $70M (TECHCRUNCH)

Paige has a CE mark to be used clinically in both regions and the startup already has beta sites in the U.K. and EU, but it hasn’t had a fully commercial launch in either region, Grady said.

Virtual care will revolutionize Canadian health care (FINANCIAL POST)

Combined with telehealth, wearable diagnostics, artificial intelligence-enabled decisions, cloud storage, and strategic alignments among internet giants and health centres, virtual care could revolutionize Canadian health care by 2030.

Caitlin Hotchkiss

Caitlin Hotchkiss

Content coordinator, social media smartypants, wordsmith, Human Workflow™. Exists primarily on coffee, cat pictures, German dance metal, and pro wrestling. I will fight for your right to the Oxford comma.

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