The Healthtech Times is a weekly newsletter covering healthtech news from Canada and around the globe.
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Atomwise raises $57 million CAD
Atomwise, which has developed a platform that makes predictions about potential medicines before they are made, raised the funding from Monsanto Growth Ventures, DCVC (Data Collective), and B Capital Group, with participation from others.
MediSeen Recommends: Healthtech grant opportunities
“3iOntario Digest presents a list of ongoing funding opportunities and other resources to accelerate health innovation. The newsletter is likely the best source of Healthtech grant opportunities available.”
– Daniel Warner, MediSeen founder and CEO
Theranos CEO Elizabeth Holmes charged with massive fraud by SEC
Holmes has been stripped of control of the blood-testing company she founded, is returning millions of shares to Theranos, and is barred from serving as an officer or director of a public company for 10 years, the SEC said in a statement Wednesday.
Calgary researchers develop tool to literally shine light on concussions
University of Calgary scientist Jeff Dunn says there has been no accepted way to get an image of a concussion, but he and his team have developed a device, called a Near-Infrared Spectroscopy, that measures communication in the brain by measuring oxygen levels in blood.
Parachute Health raises $5.5M to digitize ‘archaic’ medical equipment orders
The company’s investors include Greater New York Hospital Association Ventures, Loeb Holding Corporation, former UnitedHealth Group executive Anthony Welters, former McKesson Extended Care president Fred Browne, and other unnamed investors.
Fitbit is adding menstrual cycle tracking to its smartwatches
The company’s new “smartwatch for all” also takes things a step further with the addition women’s health tracking, which adds menstrual cycle logging to the device’s healthcare tracking.
Ottobock Healthcare is pushing the boundaries of human technology integration
From microprocessor-controlled knees to computer-controlled socks, Aaron Holm, manager for consumer engagement, Ottobock Healthcare, discussed how technology is changing bionics and orthotics at SXSW.
U of T grad receives Governor General’s Gold Medal for work in AI and health care
Katie Fraser’s work in computational linguistics bridges artificial intelligence with health care. She and her startup colleagues at WinterLight Labs hope to improve Canadians’ lives with tools for the early detection of dementia.
ClassPass Live launches on-demand workouts from home
Folks that subscribe to ClassPass Live will get access to a starter kit, unlimited live workouts, and a heart rate zone tracker.
Amazon is hiring a former FDA official to work on its secretive health tech business
Taha Kass-Hout will serve in a business development role focusing on health care projects.
Reverie Labs uses new machine learning algorithms to fix drug development bottlenecks
Co-founder Connor Duffy says Reverie Labs’ ambition is to “become a full service molecule-as-a-service company.” It’s already partnered with several biotech companies and academic institutes working on treatments for diseases including influenza and cancer.