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!
WELL Health filing indicates company may raise up to $500 million to support acquisition strategy (BETAKIT)
Over the past month, WELL Health has announced plans to acquire a majority stake in American digital pharmacy startup Wisp, and acquire North York-based Aware MD, which provides a platform for managing EMRs.
Something ventured: Life sciences and health — where IPOs happen earlier — have more female founders (CRUNCHBASE)
The share of venture funding to U.S. startups with solely female founders has languished in the low single digits for years, and fell even further in the first eight months of this year, to 2.2 percent.
The funding is earmarked for developing sales relationships with major healthcare institutions in Canada and the United States, as well as hiring a commercialization team, and covering costs associated with approval processes for medical technologies.
Apple is working on iPhone features to help detect depression, cognitive decline (WALL STREET JOURNAL)
The company is working with UCLA and Biogen to see if sensitive data like facial expressions and typing metrics could signal mental-health concerns.
PhenoTips, which was formerly known as Gene42, was founded in 2014 as part of a University of Toronto and SickKids research project.
As pressure to compete with Amazon’s pharmacy business mounts, GoodRx looks to build a devoted following by answering your most pressing health questions.
The agency reminded health apps and wearables companies that they must disclose any breach of users’ health information, even if they are not a HIPAA covered entity.
Funds from this current round of financing will allow 3D BioFibR to focus on automating its manufacturing process to be ready for first market sales in the second half of 2022.
Ever since COVID-19 began its global spread, startups have been working on ways to provide more accurate, convenient, or lower-priced tests to detect the virus.
Following Series A raise, Medchart adds VP of product design to support product development, expansion (BETAKIT)
“When you look at [Medchart’s] mission, when we think about being able to essentially impact lives, save lives, build a business that helps entrepreneurs build their business, it’s just super exciting,” Callahan told BetaKit.
Pager raises $70M to scale its turnkey care coordination platform (FIERCE HEALTHCARE)
Pager said the new funds come in the wake of substantial growth—nearly an 800% in increase average annual consumer encounter over the past two years.
“Integrating TetraGenetics’ capabilities into AbCellera’s technology stack provides an optimized protein source for AbCellera’s antibody discovery,” said AbCellera in its announcement.
Nomad Health raises $63 million to connect nurses and hospitals (BNN BLOOMBERG)
Nomad Health, a digital marketplace that connects nurses to short-term medical jobs, raised $63 million in new equity and debt financing led by Adams Street Partners.