News

By Laura Lovett July 17, 2019
WebMD’s consumer STD lab tests came under fire this week after Responsible Telemedicine, a nonprofit that bills itself as an "industry watchdog," filed a lawsuit suing the company for mislabeling the tests as FDA approved.  The suit alleges that only three of the nine STD tests sold by WebMD have “undergone the United States Food and Drug Administration (FDA) premarket approval process through...
By Dave Muoio July 17, 2019
Following a major sales bump in the second quarter of 2019, Abbott Laboratories is planning to significantly ramp up manufacturing for its FreeStyle Libre continuous glucose monitoring system, the company shared during an investor’s call this morning. Specifically, the company highlighted a 72.9% increase in organic sales growth during the three-month period, reaching a worldwide total sales...

Investment in femtech initiatives has been rising significantly in the past few years.

By Cara Dartnell-Steinberg July 17, 2019
Evaluations made in 2019 suggest that €180bn is being spent on femtech products each year. Despite this, investment has predominantly focused on infertility and reproduction, as opposed to treating female medical issues. As Ridhi Tariyal, co-founder of Nextgen Jane highlights, “We wish we could go out there and say we just want to diagnose women’s diseases. But investors have responded with “...
By Laura Lovett July 17, 2019
This morning DEARhealth, a startup offering artificial intelligence-enabled disease management software, announced that it landed $6.8 million in Series A funding. The new influx of cash was provided by Philips Health Technology Ventures, Vesalius Bio capital lll and Health Innovations.  This news comes just weeks after the startup announced that it is teaming up with pharma giant UCB on a new...
By Dave Muoio July 17, 2019
Withings announced this morning that it is updating its connected blood pressure cuff product line with two new offerings: a revamped version of its existing at-home cuff, and a premium cardiac monitor with onboard ECG functionality. The former device is the Withings BPM Connect ($99.95/€99.95/£89.95), an FDA-cleared and CE-compliant consumer product for monitoring systolic pressure, diastolic...
By Laura Lovett July 16, 2019
The stakes are high when it comes to medical device safety, but recall notifications aren’t always easy to find. With this in mind, a new Boston-based startup called Soom is aiming to target this issue with its new app, called SoomSafety. The app lets users scan the bar code of a medical device to bring up all safety and recall information about the product. Soom pulls from the FDA’s open-source...
By Dave Muoio July 16, 2019
The first half of 2019 has been bigger for digital health than any year opening before it, according to a new funding report from Mercom Capital Group. While these conclusions were similar to those of MobiHealthNews and Rock Health, both released earlier this month, Mercom’s count pegged 2019’s to-date funding a bit higher at $5.1 billion raised through 318 deals (2018 saw $4.9 billion from 383...
By Laura Lovett July 16, 2019
Diabetes management startup Pops! Diabetes Care has scored $6 million in an oversubscribed Series A round. The round was led by 30Ventures with participation from Rise of the Rest Seed Fund and Flying Point Industries.  As part of the deal, 30Ventures Managing Partner George Arida joined the board. This isn’t the first infusion of cash for the startup. In 2017 it raised $1.2 million to bring its...
By Dave Muoio July 16, 2019
Wave, a subscription app and connected foam cushion for at-home meditation, has launched with $5.65 million in seed funding. CrossLink Capital, Lerer Hippeau Ventures, Collaborative Fund and Ludlow Ventures were named as the company’s backers in this morning’s announcement. WHAT THEY DO The core of Wave’s consumer offering is an app-based service ($9.99 per month, $99.99 for a year) that looks to...
By Cara Dartnell-Steinberg July 16, 2019
VitalityHealth and Doctify's new website. Health insurer VitalityHealth has partnered with Doctify, a leading online review and booking platform for medical consultants. They have developed ‘Vitality Specialist Finder’, a website where members can refine their search for doctors by speciality, rating and location, leave reviews and book appointments 24 hours a day. Dr Ali Hasan, clinical...

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