Omicr-innovation
COVID-19’s Omicron variant has been sweeping the nation, and test makers are riding the wave of customer demand for rapid tests, bolstered by the recent mega order from the US government. (PSA: order four tests for your household here). While inequities remain for at-home test delivery, lab leaders Abbott Laboratories, Becton Dickinson, and Quidel shared that they expect this moment to open the door for more D2C and over-the-counter diagnostics innovation into the future.
Also in COVID news last week: TruePill launched a coverage platform that lets health plans meet federal test reimbursement requirements, and Apprentice.io raised $100M for its AR tech to help pharma manufacturers work remotely through the pandemic. On the public health front, there’s still a long way to go before the promise of digital is realized, but we’re encouraged by the innovation paving a path through this pandemic—and hope that the urgency of these needs are in the rearview mirror sooner rather than later.
Headlines
IBM Sells Watson Health Assets to Investment Firm
Francisco Partners takes Watson off IBM’s hands The Wall Street Journal
Women's Health Is More Than Female Anatomy—It's About Unraveling Inequity
Reframing women’s health needs and how to address them Harvard Business School Health Blog
Alphabet's Verily Unit In Skin-Care Deal With L'Oreal
The middle children—this time, a cosmetics brand—continue to come in hot Reuters
Biden Administration Publishes Long-Awaited TEFCA Interoperability Framework
A new milestone for data sharing and interoperability Healthcare Dive
Microsoft, Cleveland Clinic, Providence Join Coalition To Innovate AI In Healthcare
Artificial Intelligence Industry Innovation Coalition (AI3C) to build and track developments Fierce Healthcare
Recent Funding
- Mental health startup Lyra Health lands $235M and makes an acquisition
- Iterative Scopes, which makes AI-powered GI tools and software, snags $150M
- Wheel adds $150M to expand its infrastructure for telehealth services
- Augmented reality for pharma manufacturers Apprentice.io nabs $100M
- Big Health brings in $75M to build out its digital therapeutics for mental health
- Gale Healthcare scores $60M to match nurses to available work shifts
- Casana lands $30M for its toilet seat that tracks health vitals
- Mantra Health nets $22M to scale its digital mental health clinic for young adults
- Topography Health gets $21.5M to help community physicians run clinical trials
- Faeth Therapeutics closes on $20M for its precision nutrition service for cancer patients
- Yuvo Health gets $7.3M to remove administrative barriers in federally qualified health centers
- Earable raises $6.6M for its sleep tracking EEG wearable