June 19, 2014
Sunyvale, California-based Compliant Innovations raised an undisclosed sum from Lifeforce Ventures and Attractor Ventures for its online doctor communication platform, called DocSpera.
The platform allows surgeons to collaborate with their care teams as well as other physicians before operations and treatments. Providers can use the platform to send messages that contain text, photos, or videos...
June 18, 2014
Former National Coordinator for Health Information Technology at the U.S. Department of Health and Human Services, Dr. Farzad Mostashari, launched a startup this week, called Aledade, that will partner with independent primary care physicians to help them join or form accountable care organizations.
"For me, health IT was never the 'ends', but a 'means' to better health and better care, and I...
June 18, 2014
LG's heart rate sensing earphones use technology licensed from Valencell.
Valencell, a Raleigh, North Carolina-based company that powers health and medical sensors in some wearable devices, most notably in sensor-equipped headphones, has raised $7 million in its third round of funding. The new round brings the company's total funding to $13 million, excluding an additional $3 million in grants...
June 17, 2014
On Sunday giant medical device company Medtronic entered into a definitive agreement to acquire another big medical device company, Covidien, for $42.9 billion in cash and stock. While the deal still needs to clear the required regulatory hurdles, the combined company would mark considerable consolidation in medtech. One financial analyst who follows the companies closely said it would likely...
June 16, 2014
As MobiHealthNews noted last week in the introduction to our In-Depth report on Apple's Health app feature set, the FDA made a rare move on Wednesday by adding a new description for a type of mobile medical app that it would not regulate as a medical device. The FDA has actually added a total of four such new descriptions to its list in 2014.
It just so happened that the latest app description to...
June 12, 2014
Chrono Therapeutics, a Hayward, California-based company working on a new wearable for smoking cessation and drug delivery, has raised $32 million in its first round of funding. The round was led by Canaan Partners and 5 am Ventures. Additional contributors included Fountain Healthcare Partners, and two strategic investors: GE Ventures and the Mayo Clinic.
The company's flagship product SmartStop...
June 11, 2014
Palo Alto, California-based G-Tech Medical, which is developing a wearable, disposable sensor patch for patients with gastrointestinal problems, has received funding from investor Peter Thiel's nonprofit fund, Breakout Labs. The grant was for $350,000. G-Tech is also looking to raise additional money to fund its next phase of development.
G-Tech's patches measure the electrical activity from the...
June 11, 2014
Lehi, Utah-based VoIP communications service for dentists, Weave, has raised $5 million led by A Capital, with participation from Homebrew, Fuel Capital, SV Angel, Initialized Capital, and Y Combinator, according to a report in TechCrunch. Weave has focused on dentist offices in North America as its first target market.
Weave plans to use the funds to build out its product's features, expand...
June 10, 2014
When we first learned that a small team of Apple executives met with FDA officials last December to discuss mobile medical applications, it seemed likely that the discussion was intended to help Apple better avoid FDA regulation for its rumored health products. Thanks to a successful Freedom of Information Act request from the Apple-focused resources site Apple Toolkit, the FDA has furnished a...
June 10, 2014
Startups that came out of Dallas-based health accelerator Health Wildcatters' first class in August 2013 have so far raised almost $5 million in VC funding. This amount includes the $30,000 that Health Wildcatters contributed to each startup, which amounts to $360,000 total.
Health Wildcatters founder Dr. Hubert Zajicek told MobiHealthNews last April that the focus of the accelerator would be to...