Dave Muoio

April 18, 2019
Door closes on drug discovery. IBM is tapering off sales of its Watson for Drug Discovery product in favor of other healthcare offerings using the AI technology, STAT reported this morning. The decision was made in response to weak demand and purchases from customers. "We are focusing our resources within Watson Health to double down on the adjacent field of clinical development where we see an...
April 18, 2019
Editor's note: This story has been updated to specify that the telehealth app downloads ranked in the report do not necessarily reflect the entirety of those companies' businesses. Consumers worldwide are downloading and spending money in medical apps more than ever, suggests a market behavior analysis released this week by mobile data and analytics company App Annie. Global downloads of these...
April 18, 2019
Yesterday PathAI, a Boston-based maker of artificial intelligence tools for pathology, closed a $60 million Series B funding round led by General Atlantic. Other existing investors, most notably General Catalyst, also participated in the round. To monitor its investment, General Atlantic Managing Director Dr. Michelle Dipp will also be joining the AI company’s board of directors. WHAT THEY DO...
April 17, 2019
Adoption and interest in telehealth technology for patient consultations has increased substantially over the past few years, according to a new physician survey released by telehealth provider American Well. The survey, which was conducted by M3 Global Research, polled 800 US physicians in late 2018. Of these, 62.5 percent were primary care physicians and the remainder were specialists....
April 17, 2019
Bardy Diagnostics, maker of an adhesive ambulatory cardiac patch for remote monitoring, has raised $35.5 million in a Series B funding round led by River Cities Capital Funds. The round also featured participation from newcomers HealthQuest Capital, Aperture Venture Partners, Aphelion Capital, Lumira Ventures and Rex Health Ventures, as well as returning backers SV Health Investors, Health...
April 17, 2019
Best Buy is now selling Tyto Care’s remote care device and service through its online storefront, the companies announced in a press release this morning. The retailer is also offering the platform in certain Minnesota stores, and has plans to expand this availability to North Dakota, South Dakota, California and Ohio locations as well. Coming in at $299.99, the TytoHome device connects users to...
April 16, 2019
Text-based primary care platform 98point6 will be providing 24-7 access to Arizona-based health plan Banner|Aetna’s members thanks to a new deal between the two groups. The deployment will begin handling consultations, assessments, prescriptions and lab test orders in July of this year. “With 98point6, we are pioneering a new approach to primary care that will further differentiate Banner|Aetna...
April 16, 2019
Austin, Texas-based EverlyWell — maker of a digital platform that lets consumers to order lab tests online, provide samples and receive results — has raised $50 million in a funding round announced this morning. Goodwater Capital led the round, with additional participation from Highland Capital Partners, Next Coast Ventures, NextGen Venture Partners and other unnamed investors. WHAT THEY DO...
April 15, 2019
Another recent update to the FDA’s 510(k) premarket notification database suggests that AliveCor is inching closer and closer to its next volley of smartphone-connected ECG products. According to the agency, the digital health company received clearance related to its consumer KardiaMobile platform, as well as the clinician-facing KardiaStation, on Friday. The application for the device or...
April 13, 2019
In a recent survey conducted by the Consumer Technology Association (CTA), about two-thirds of physician respondents said they “strongly intend” to employ continuous and remote patient monitoring technologies in future treatment, with just over half of consumers reporting that they would use such devices if recommended by their physician. "Remote patient monitoring technology has the potential to...