Dave Muoio

By Dave Muoio 03:48 pmDecember 10, 2019
Sanofi announced a major strategy shift today that will end the pharma’s diabetes and cardiovascular R&D efforts in favor of a reinvigorated focus on growing its immunology and vaccine businesses. Among the fallout of this new game plan is Onduo, the pharma’s diabetes management joint venture with Verily that the two companies invested $500 million into back in 2016, according to the company’...
By Dave Muoio 02:24 pmDecember 10, 2019
A collection of more than 50 LGBTQ, public health and HIV/AIDS activists have signed a joint letter urging Facebook to remove advertisements from its platform that they say are “factually inaccurate” and scare at-risk users away from pre-exposure prophylaxis (PrEP) treatments. These ads — which the signatory groups say are being directed at LGBTQ Facebook and Instagram users — come from multiple...
By Dave Muoio 09:37 amDecember 10, 2019
Remote vital sign monitoring company Current Health (formerly snap40) has completed an $11.5 million Series A round of financing headed by MMC Ventures, the Edinburgh, London and San Francisco-based company announced this morning. Legal & General played a major role in the raise as the heaviest backer and Current’s first corporate investor, with additional funds coming from Par Equity and...
By Dave Muoio 04:03 pmDecember 9, 2019
Gainesville, Florida-based etectRx has received FDA 510(k) clearance for its ID-Cap System, a prescription ingestible system that sends adherence event logs to an external medical device. Similar to the system pioneered by etectRx’s high-profile competitor, Proteus Digital Health, the ID-Cap’s core is a standard capsule containing a sensor that transmits a message once it comes into contact with...
By Dave Muoio 01:03 pmDecember 9, 2019
Proteus Digital Health, maker of an ingestible sensor system for treatment adherence monitoring, was forced to furlough many of its employees last month after a $100 million funding round didn’t close as expected, according to a weekend report from CNBC. These employees were brought back after about two weeks after Proteus was able to secure $5 million in emergency funding, according to the...
By Dave Muoio 11:00 amDecember 9, 2019
G Medical Innovations, a public Cayman Islands-based maker of real-time vital signs monitoring tools, announced last week that it raised $20.5 million (A$30 million) in investments over the course of three years from Luxembourg-based investment group GEM Global. WHAT THEY DO G Medical’s products allow providers to continuously monitor patients’ ECG, heart rate, SPO2, body temperature, blood...
By Dave Muoio 03:56 pmDecember 5, 2019
#Pelotonad. Peloton has found itself in the middle of controversy as a recent television ad released by the company was panned by many as sexist. The roughly 30-second video, in which a husband purchases the connected exercise bike for his wife as a Christmas gift, has generated a backlash consisting of Twitter hashtags, viral parodies and a roughly 10% drop in Peloton’s stock price; however, the...
By Dave Muoio 03:00 pmDecember 5, 2019
The FDA and National Institutes of Health are tapping the clinical community and a newly launched mobile platform in its search for novel infectious disease interventions. Called CURE ID, the online data repository will allow clinicians to report instances in which existing FDA-approved drugs are used to successfully treat infections. In particular, the tool captures clinical outcomes in cases...
By Dave Muoio 11:47 amDecember 5, 2019
As of October, 42 US states and the District of Columbia have statutes in place regarding commercial insurance coverage for telehealth, according to a survey report published this week by law firm Foley & Lardner. While this tally signal an improvement in the telehealth reimbursement landscape over the last few years, the authors of the report warned of state-to-state variance in the language...
By Dave Muoio 04:37 pmDecember 4, 2019
Dr. John Halamka, a longtime CIO, executive director and professor tied to Harvard-affiliated Beth Israel Deaconness Medical Center, will be joining the Mayo Clinic on January 1 as the new president of its Mayo Clinic Platform — a digital health project that will deploy “artificial intelligence, the internet of things and an ecosystem of partners,” he wrote in a blog post announcing the move....