VentureLab appoints semiconductor industry leader Hugh Chow as CEO
Hong Kong-born Chow sees room for VentureLab to extend itself globally.
Healthtech
H|T: The Healthtech Times – Prognosis bankruptcy for Babylon, Imagia Canexia
Plus: Amazon threatened with legal action over sales of “unapproved” drugs.
Meet the Y Combinator Summer 2023 cohort startups with Canadian connections
Participants include Decoda Health, Greenlite, LifestyleRX, Spine AI, Tempo Labs, Terminal, and VaultPay.
H|T: The Healthtech Times – AbCellera denies patent infringement, Waystar eyes $8B valuation
Plus: Truepill moves to cut share price by 90 percent.
Gambit Partners aims to take some of the risk out of early-stage investing by leaning on its LPs
Led by Relay Ventures and VTS VPs, $2-million VC fund looks to leverage its LP battalion of Canadian tech operators.
Cancer-focused Imagia Canexia Health files for bankruptcy 18 months after merger
Oncology tech firm closed a $20-million round and led an $18-million Supercluster project in 2022.
OBIO offering up to $20,000 in grants to women-led health science companies
Deadline to apply for OBIO’s Women in Health Initiative is September 10.
PointClickCare launches PatientPay integration to increase payment efficiency in health-care facilities
PointClickCare expands marketplace of integrated solutions with PatientPay.
H|T: The Healthtech Times – Medtech funding expected to rise throughout 2023
Plus: Peloton launches new approach to B2B service.
Digital medical-billing platform ResolvMD secures $2-million loan from PaceZero to pursue strategic acquisitions
Doctor-backed Calgary startup sees opportunities across Alberta.
H|T: The Healthtech Times – Ozempic maker Novo Nordisk buys Montréal’s Inversago for $1 billion
Plus: US Senator questions ethics of Google’s Med-PaLM 2.
H|T: The Healthtech Times – How Y Combinator decides which health care startups are worth a shot
Plus: Silofit closes its doors, VoxNeuro raises $4.5M to scale brain performance.
Canadian startup struggles continue as Silofit closes up shop, Top Hat and Fable cut staff
Trio joins growing list of Canadian tech firms that have restructured or ceased operating during the downturn.
H|T: The Healthtech Times – Turnstone Biologics goes public, Dialogue Health to be acquired
Plus: Vital Bioscience reveals desktop blood tester with big backers.