H|T: The Healthtech Times – WELL Health wants more

a group of five people is meeting in a board room with the logo of the Well Health company on the wall

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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.

Sparrow raises $3.25 million CAD to accelerate computational health tech development (BETAKIT)

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 secures $2.5 million CAD to expand reach of medical genetics software (BETAKIT)

PhenoTips, which was formerly known as Gene42, was founded in 2014 as part of a University of Toronto and SickKids research project.

Cheap-drugs platform GoodRx wants to be the Wirecutter for healthcare (FAST COMPANY)

As pressure to compete with Amazon’s pharmacy business mounts, GoodRx looks to build a devoted following by answering your most pressing health questions.

Health apps could face big fines if they don’t disclose privacy breaches (MED CITY NEWS)

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.

3D BioFibR raises $700,000 in funding round (BETAKIT)

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.

With Cue Health IPO on tap, other startups with COVID tests are also scaling (CRUNCHBASE)

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.

AbCellera acquires TetraGenetics, announces multi-year partnership with Moderna (BETAKIT)

“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.

Josh Scott

Josh Scott

Josh Scott is a BetaKit reporter focused on telling in-depth Canadian tech stories and breaking news. His coverage is more complete than his moustache.

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