venture capital

By Brian Dolan 07:53 am March 30, 2010
Wireless lifelines in global health: Noted global health thought leader James Bon Tempo penned an editorial for the Baltimore Sun focused on wireless tools that help care workers improve healthcare in other countries. Bon Tempo points to examples in Malawi, Kenya and South Africa and closes with: "This may be one of the greatest technological opportunities in our lifetime, and as the challenges...
By Brian Dolan 06:55 am March 30, 2010
The first presentation at MobiHealthNews Presents: Everywhere Healthcare event last week was a spirited talk given by Mohr Davidow Venture General Partner Michael Goldberg. Goldberg led MDV's investment in wireless health company Corventis and is actively seeking out other wireless health startups with a clinical focus. (Re-read our interview with Goldberg from last year for more on his team's...
By Brian Dolan 04:51 am March 17, 2010
Last year the United Nations Office on Drugs and Crime estimated that the global trade in fake pharmaceuticals would top $75 billion by the end of 2010, marking a 90 percent increase since 2005. Nigeria-based Sproxil, which was founded in 2005, uses scratch off codes and text messages to help consumers authenticate medications using the same process many use to add airtime minutes to their...
By Brian Dolan 03:23 am January 19, 2010
According to a report in the Economist, pharmaceuticals company Novartis' $24 million investment in intelligent medicine startup Proteus Biomedical may be just as important in the long run as Novartis' $50 billion takeover of eye-care firm, Alcon. Proteus Biomedical's venture capital round actually brought in $25.4 million, which makes us wonder if the difference came from an additional...
By Brian Dolan 03:47 am January 12, 2010
Pharmaceutical giant Novartis announced that would invest $24M in upfront cash and equity as part of an exclusive worldwide agreement for the pharma company to license Proteus Biomedical's sensing technology for organ transplantation. (That must be the kind of exclusive deal Novartis had in mind when the two companies announced their collaboration on a pilot last year.) As part of the deal,...
By Brian Dolan 10:42 am January 11, 2010
Bedford, Massachusetts-based MicroCHIPS recently announced another $16.5 million in venture capital. The company is developing an implantable medical device that will deliver drugs inside the body. This third round of funding brings the company's total funding to just north of $70 million, according to the company. InterWest Partners joined previous investors Polaris Venture Partners, Flybridge...
By Brian Dolan 04:52 am December 29, 2009
According to MobiHealthNews' year-end report, there were 15 venture capital investments announced during 2009 and 11 of them were for wireless remote patient monitoring start-ups. The remainder included a start-up working on a converged platform for physicians-patient communications, a smartphone app developer focused on fitness games, a call-in physician consultation service, and a tablet-based...
By Brian Dolan 07:00 am December 21, 2009
Frontline:SMS, one of the more well-known mobile phone-based global health start-ups announced via Twitter this morning that it had scooped up additional funding for 2010. The team looks to be building out its developer capacity in the new year. Here's the Twitter announcement: "The FrontlineSMS team secures additional 2010 funding to strengthen its developer capacity. More news next month! \o/"...
By Brian Dolan 06:01 am December 11, 2009
Wireless bed sensor startup raises $535K: During the past year Roanoke, Virginia-based startup Wireless Medcare has raised $535,000 in capital to develop Vivatrak, a wireless sensor that attaches to a patient's bed. Vivatrak monitors patient movement to prevent bed sores or to prevent falls if a patient attempt to get up without assistance. The startup's founders say the need to raise $1.5...
By Brian Dolan 08:53 am October 23, 2009
mHealth in Latin America: The Inter-American Development Bank (IDB) launched a program to generate mobile phone-based services for the lower income populations in Latin America and the Caribbean. The services will address poverty problems, including health, education, social protection, employment and business, according to the IDB. Around 80 percent of the region’s population, or 460 million...