Health tech deals
Business and technology journalist Graham Jarvis reports on how cryptocurrencies and blockchain can improve access to healthcare. Cryptocurrencies and blockchain technology are used in a wide array of new applications – including in healthcare. Fintech start-ups are the catalyst for many of these recent market innovations – and they aren’t just focused on the banking [...]
By Hamid Yunis and Tom Whelan, both partners at international law firm McDermott Will & Emery.
Vira Health raises £1.5m funding following the launch of their menopause app. The funding will help to develop the product and expand their team further.
UK diagnostics firm LumiraDx is to list on the Nasdaq via a merger with US investment group CA Healthcare Acquisition Corp. The combination reflects a value of US$5bn for Lumira’s existing equity, before giving effect to the transaction. Since its founding, LumiraDx has raised US$700m in equity capital including investments by Morningside Ventures, US Boston [...]
Digital health venture funding hit a record US$6.7bn in the US in the first quarter of the year, data shows. This compares to US$4.1bn and US$4bn in Q3 and Q4 2020 respectively - and puts 2021 well on track to eclipse last year’s total of US$14bn in US-based digital health venture funding. Meanwhile, average deal [...]
The UK’s life science industry has become the envy of Europe with the vaccine roll-out. But will Rishi Sunak recognise it in the Budget today? Andrew Meade and Pervaise Khan of Accenture UK are advisers to the big pharma companies, and they look ahead to what the Chancellor might say Context Post-Brexit, the UK needs [...]
A way of budgeting could be the way forward as the world economy contracts from the impact of Covid-19. New research suggests funds could be unlocked by a finance process to help speed up digital technology. Smart finance essentially liberates capital expenditure which would otherwise be ‘frozen’ and the finance arrangements remain liquid for other [...]
Six start-ups aiming to use AI to improve healthcare have been backed by a new accelerator programme. The scheme, led by Edinburgh University in partnership with start-up support organisation Scale Space, has identified the brightest 15 AI prospects among 86 applications. The six health tech ventures among them, who will now be supported in scaling up [...]
A new product used to prevent surgical site infections could save the NHS billions, according to a new report. Essity, a global health and hygiene company has been given the green light by industry stalwart NICE, to go ahead with the product Leukomed Sorbact. After surgeries such as caesarean or vascular, medics can see a [...]
A new partnership has been announced with the University of Oxford and a leading AI drug discovery company. Exscientia has announced its collaboration with the Alzheimer’s Research UK Oxford Drug Discovery Institute (ARUK-ODDI) to develop medicines targeting neuroinflammation for the treatment of Alzheimer’s disease (AD). AD is the most common form of dementia worldwide, with [...]
