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Credit: Ping An Good Doctor

By Dean Koh 10:29 pm July 18, 2019
Chinese healthcare ecosystem platform Ping An Good Doctor has reached strategic cooperation with nearly 50 hospitals across China, including the Aviation General Hospital of China Medical University, Sichuan Second Traditional Chinese Medicine Hospital, and the Fourth Affiliated Hospital of Nanchang University, to jointly develop a new “internet hospital” model, the company recently announced....

Photo Credit: NYSE

By Dave Muoio 04:02 pm July 18, 2019
It's been an exceptional Thursday for Chaim Indig, CEO and cofounder of 14-year-old digital health stalwart Phreesia. Since ringing the New York Stock Exchange’s opening bell at 9:30 a.m. sharp, he’s watched his company’s shares fly back and forth in the general range of $24 to $27 per share — about 40% to 50% above the initial $18 asking price.  “All of us were up there [on stage with the bell...
By Laura Lovett 02:13 pm July 18, 2019
This morning British health tech company focused on cancer management Vine Health announced a £1.2 million seed round. This latest funding was led by Playfair Capital. WHAT THEY DO Founded by an all-female team including NHS physician Rayna Patel, CEO, and a data scientists Georgina Kirby, CTO, the company’s aim is to help cancer patients manage their condition and symptoms through an app,...
By Laura Lovett 12:04 pm July 18, 2019
European tech giant Philips has inked a deal to acquire Medumo, a startup focused on tracking and triaging patients. The news, which CNBC first reported, means the small Boston-based company will now be joining Philip’s growing digital health portfolio.  “We're excited to share with you that Medumo is now a Philips company,” reads a banner on the Medumo website. “Our partnership with Philips will...
By Dave Muoio 11:01 am July 18, 2019
Lumeon, a digital health startup that employs automation to help with operational functions, has brought on a new CFO and chairman of the board. Mark Clermont, former president of recently acquired Provant Health, will take on the former position, while Dr. Carl Schramm, a professor at Syracuse University and former president of the Ewing Marion Kauffman Foundation, will hold the latter. “Mark...
By Laura Lovett 03:48 pm 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 03:23 pm 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 10:08 am 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 09:47 am 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...

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