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AbCellera officially closes initial public offering with $555.5 million gross proceeds (BETAKIT)
Vancouver biotech company AbCellera Biologics has officially announced the close of its IPO on the Nasdaq, pulling in gross proceeds of $555.5 million.
Why San Francisco-based VC Hustle Fund Is Betting Big on Canada
“At Hustle Fund, we’re convinced that Canada is positioned well to produce some of the largest, category-defining companies on the planet. We’re eager to fund these companies, and excited to partner with Hockeystick to identify these opportunities!” – Eric Bahn (General Partner)
Since launch, Hockeystick has made over 6000 funder recommendations to Canadian startups. Learn how startups are using technology to meet funders around the world.
Telus Health acquires Montréal’s EQ Care in latest move to increase virtual care reach (BETAKIT)
Montréal-based virtual care company EQ Care has been acquired by Telus Health, BetaKit has learned.
F.D.A. authorizes Moderna vaccine, adding millions of doses to U.S. supply (NEW YORK TIMES)
The Food and Drug Administration authorized a second coronavirus vaccine for emergency use, clearing the way for millions more Americans to be immunized.
EU approves Google’s $2.1 billion acquisition of Fitbit, subject to conditions (CNBC)
It said Google must not be able to use the health data of Fitbit users in the European Economic Area for advertising and enforced a technical separation of Fitbit’s data from Google’s.
Adracare to be acquired by WELL Health Technologies (BETAKIT)
Toronto healthtech startup Adracare is set to be acquired by WELL Health Technologies in a $4.75 million CAD deal.
Addressing mental health at work: Modern Health raises $51M Series C (CRUNCHBASE)
With the new round, Modern Health has raised just over $95 million since the company was founded in 2017, including its $31 million Series B round in January, according to Crunchbase data.
GoodRx launches telehealth service, free mail delivery as direct-to-consumer market heats up (FIERCE HEALTHCARE)
A new program will give GoodRx subscription holders discounts on virtual doctor’s visits and free mail delivery via the GoodRx app, the company announced.
MindBeacon prices IPO, looks to pull in $65 million at $8 per share (BETAKIT)
MindBeacon has priced its IPO, setting the common shares of the company at $8 per share for aggregate gross proceeds of $65 million.
Chewy’s CFO to expand pet products, explores monetizing telehealth services (WALL STREET JOURNAL)
The finance chief of Chewy Inc. plans to ramp up the number of products the pet-supply retailer offers to help boost orders and is considering ways to monetize its new, free telehealth service for animals.
COVID-19 vaccine distribution algorithms may cement health care inequalities (VENTUREBEAT)
Given the body of research showing algorithms can encode biases against certain demographic groups, particularly minorities and low-income earners, experts believe this is cause for concern.