H|T: The Healthtech Times – FDA approves Elon Musk’s Neuralink for human clinical study
Plus: AbCellera and BenchSci get combined $395 million
Healthtech
H|T: The Healthtech Times – FTC signals tougher rules for health companies’ use of data
Plus: MCI OneHealth divests five Calgary clinics to Well Health for $2 million.
BenchSci closes $95-million CAD Series D to expand AI drug-discovery platform
BenchSci aims to help pharma companies speed up R&D using AI.
AbCellera receives $300 million in combined government funding for biotech campus
The $701-million project aims to build a “state-of-the-art” campus, add 400 jobs.
Ailing MCI OneHealth divests five clinics in Calgary to Well Health for $2 million
Well called the acquisition an excellent opportunity to expand to more providers in Alberta.
H|T: The Healthtech Times – Recursion acquires two Canadian AI drug-discovery companies
Plus: FDA commissioner: “hard to catch up” on regulating digital health.
Pfizer Canada partners with Communitech to launch health-focused accelerator program
The open call for proposals ends on May 31.
H|T: The Healthtech Times – Telehealth giant Amwell posts nearly $400M loss in Q1
Plus: Peloton shares plunge after company reports wider-than-expected loss.
American biotech Recursion acquires two Canadian AI drug-discovery companies, Cyclica and Valence
“Policymakers should look to understand why so many promising tech companies choose to sell themselves.”
H|T: The Healthtech Times – Apple developing an AI-powered health coach
Well Health investing $2.5M into AI healthcare solutions.
H|T: The Healthtech Times – GSK to buy Bellus Health for $2 billion USD
Plus: GPT-4 will hunt for trends in medical records.
Practice Better raises $27 million USD to grow client management software for wellness providers
Practice Better claims to have more than 10,000 customers in more than 70 countries.
Well Health looks to invest $2.5 million into AI companies developing healthcare solutions
Well aims to make at least 10 investments of at least $250,000 each.
Federal government names six funds to distribute $50 million VCCI life science financing
Pender Ventures, Amplitude Ventures among recipients.
H|T: The Healthtech Times – More healthtech fraud with Outcome Health ex-exec judgment
Plus: Spring Health nabs $71M, propels to $2.5B valuation.