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!
Velocity announces winners of its first virtual pitch competition (BETAKIT)
Velocity recently hosted its first virtual Velocity Fund Pitch Competition, investing a total of $250,000 in four early-stage tech startups.
Oscar’s health insurance platform nabs another $225 million (TECHCRUNCH)
The direct-to-consumer health insurer Oscar has raised another $225 million in its latest, late-stage round of funding as its vision of tech-enabled healthcare services to drive down consumer costs becomes more and more of a reality.
COVID-19 has pushed ahead virtual solutions to improve health care in rural and remote communities (CBC)
We have an opportunity to use the expansion of virtual health care resulting from COVID-19 to improve accessibility for people living in rural and remote areas of Saskatchewan.
With the US turning away talent, can Canada grab the global lead on innovation during COVID-19? (BETAKIT)
Shafin Diamond Tejani, founder and CEO of Victory Square Technologies, shares his thoughts on how Canada can capitalize on the new normal ushered in by COVID.
Airvet, a telehealth veterinary platform, just clawed its way to a $14 million Series A round (TECHCRUNCH)
With a pet in roughly 65% of U.S. homes, there is now a dizzying number of companies enabling vets to meet with their furry patients remotely.
Adaptiiv wins $100,000 in Atlantic Canada’s first Health Challenge Pitch Event (BETAKIT)
Halifax-based healthtech startup Adaptiiv Medical Technologies won Atlantic Canada’s first Health Challenge Pitch Event, which focused on cancer care.
Canadian developer of “smartbomb for cancer” Fusion fails to ignite in Nasdaq debut (THE GLOBE AND MAIL)
A Hamilton startup hoping to transform how people are treated for cancer by injecting them with tiny nuclear smartbombs got stuck in no man’s land Friday on its first day as a public company.
Montréal startup Carebook partners with Rexall to launch Be Well pharmacy app (BETAKIT)
Montréal-based health tech startup Carebook has partnered with Rexall to provide its free digital pharmacy platform to Rexall shoppers across Canada.
Taiwanese startup Deep01 raises $2.7 million for its AI-based medical imaging software (TECHCRUNCH)
Deep01’s product has obtained clearance from both Taiwan and the United States’ Food and Drug Administrations, and the company received its first purchase order, worth about $700,000, in February.
Cyclica secures $23 million as it looks to create “the future biotech pipeline” (BETAKIT)
Cyclica, a biotech company that has developed a drug discovery platform using artificial intelligence, has raised $23 million CAD in Series B financing.