Global healthcare investment firm OrbiMed announced it raised more than $4.3 billion in commitments for its private investment funds – OrbiMed Asia Partners V, OrbiMed Royalty & Credit Opportunities IV and OrbiMed Private Investments IX.
A range of university endowments, pension funds, medical institutions, foundations, family offices and sovereign wealth funds invested in the funds.
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British medtech company Brainomix and Switzerland-based remote robotic surgical company Nanoflex Robotics announced the receipt of £400,000 ($420,418) and CHF 400,000 ($443,700), respectively, to codevelop an AI-assisted magnetic navigation system for stroke-related robotic surgical tools.
Innovate UK, the innovation agency in the United Kingdom, and Innosuisse, Switzerland's Innovation Agency,...
Insurer Cigna's health services subsidiary Evernorth announced it acquired asynchronous platform Bright.md, which it will use to enhance the virtual care offerings of its portfolio company MDLIVE.
Portland-based Bright.md offers an automated patient intake and virtual care connection platform to improve efficiency for hybrid care providers and patients.
Through Bright.md's platform, patients...
Artificial intelligence could have profound implications for the field of oncology, concluded panelists speaking to journalist and moderator Katie Couric at the Constellation Forum 2023 at Northwell Health last week.
Dr. Richard Barakat, physician in chief and executive director of cancer services and research division at Northwell Health, noted that using AI in imaging will help radiologists and...
Hemant Taneja, CEO and managing director of venture capital firm General Catalyst, and Dr. Marc Harrison, former CEO of Intermountain Health, announced the formation of a new business venture owned by General Catalyst dubbed the Health Assurance Transformation Corporation (HATCo) that will see Harrison as its CEO.
The pair also announced the intent to buy a health system that will put technology...
Maternity-focused digital health company Diana Health secured $34 million in Series B funding led by Norwest Ventures Partners, bringing its total raise to $46 million.
Existing investors LRVHealth and .406 Ventures participated in the round, as did AlleyCorp.
WHAT IT DOES
The New York-based company partners with hospitals and health systems to offer tech-enabled OB-GYN and women's health...
India-based Doceree, a programmatic marketing platform for pharmaceutical and life sciences companies to reach healthcare professionals, announced it scored $35 million in Series B funding led by Creaegis.
Existing investors F-Prime Capital and Eight Roads Ventures also participated in the round.
The company, founded in 2019, will use the funds to expand its workforce, speed up product...
Virgin Pulse, a mobile-first employee wellness and engagement company, announced its intent to merge with HealthComp, a benefits and analytics platform, to create a technology and data-enabled healthcare service for employers.
The reported $3 billion deal, first reported in the Wall Street Journal, will form a combined entity that utilizes technology and an AI-enabled data platform to deliver...
Cancer detection technology startup Adela announced it secured $48 million in funding, bringing its total raise to $108 million.
Labcorp joined the round as a new investor alongside existing investors OrbiMed, Decheng Capital, F-Prime Capital, Deerfield Management and RA Capital Management.
Adela also named Lisa Alderson as its interim CEO. Alderson has served on the company's board of...
Diligent Robotics, maker of the autonomous clinical support robot Moxi, announced it scored $25 million in new funding.
Canaan led the round, with participation from existing investors DNX Ventures, True Ventures and Next Coast Ventures, and new investor Northwestern Medicine Innovation.
Rich Boyle, general partner at Canaan, will join Diligent Robotics' board of directors.
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