Health tech deals
Prosper AI has today announced US$5 million in seed funding to accelerate its voice AI platform, which builds specialised AI agents for healthcare’s most critical front and back-office workflows. The round was led by Emergence Capital, the first backers of Salesforce, Veeva, and Doximity, with participation from Y Combinator, CRV, and Company Ventures. Prosper AI [...]
By Reddie & Grose It is impossible to escape the headlines on GLP-1 agonists such as Ozempic and Wegovy. Therefore, it seems reasonable to assume that the innovator behind these blockbuster drugs has robust, fail-safe strategies to protect their intellectual property worldwide. However, inaction by Danish company Novo Nordisk, who manufactures Ozempic and Wegovy, has [...]
International law firm McDermott Will & Schulte advised Sycamore Partners, a leading New York-based private equity firm, as UK healthcare regulatory counsel on its acquisition of Walgreens Boots Alliance, Inc. The total transaction is valued at up to $23.7 billion. Sycamore Partners specialises in consumer, distribution and retail-related investments and partners with management teams to [...]
Biostate AI, a company accelerating biological research through AI models, today announced the launch of K-Dense Beta, a comprehensive multi-agent AI research system that can compress research cycles from years to days, while eliminating hallucinations that plague generative AI models. In testing, K-Dense made a scientific breakthrough in longevity research, which will be published in [...]
Poland-based health-tech startup Doctor.One has raised a €4m seed round led by YZR Capital, with participation from Impact Ventures and existing investors. The funding will support Doctor.One's expansion into Germany, Spain, and the UK, building on its early commercial success in Poland and surging demand for chronic care solutions that move beyond episodic or telemedicine [...]
Health Tech World explores the latest business developments in the world of health technology. Philips and Masimo to advance access to patient monitoring measurement tech Royal Philips and Masimo have renewed their multi-year strategic collaboration. The collaboration will now be working to accelerate the development and delivery of next-generation patient monitoring solutions. The companies state [...]
Pharmaceutical companies have paused or cancelled nearly £2bn in planned UK investments this year, causing “suffering” to patients, as disputes over drug pricing escalate ahead of talks with Trump, The Guardian reports. The life sciences sector crisis deepened after US drugmaker MSD said last Wednesday it would abandon its £1bn London research centre. Two days [...]
Life Sciences Hub Wales and the Academy of Medical Sciences have launched their Cancer Care Accelerator Fund. Up to £10,000 in seed funding alongside bespoke support is now available for UK-based organisations working on collaborative cancer innovation projects. Improving cancer outcomes is an urgent priority in the UK. Better treatment, earlier diagnosis, and improved patient [...]
Novo Nordisk, maker of Wegovy and Ozempic, will cut 11 per cent of staff after issuing a profit warning amid strong competition from US rival Eli Lilly. The Danish drugmaker’s decision affects 9,000 of its 78,400 employees, with 5,000 cuts in Denmark, as sales of Wegovy have slowed and cheaper generic versions have entered the [...]
AI transformation partner Reveal HealthTech has raised US$7.2m in Series A funding to expand its healthcare and life sciences technology. The funding will support product expansion, sales growth and work with more healthcare and life sciences organisations. Founded in 2023 and incubated by W Health Ventures and 2070 Health, the company develops artificial intelligence systems [...]
