STAT

SEPTEMBER 27, 2023

In less than two years, digital health’s high-flying class of public debuts have landed with a resounding thud. Twelve companies have lost more than 90% of their initial value, including Bright Health Group, Cue Health, and Better Therapeutics. Today, three members of the class of 2021 have gone bankrupt.

332

332

STAT

MARCH 25, 2024

The health care sector is a notorious laggard when it comes to technology. It was slow to use computers, digitize patient data, and share information electronically. While most of the world instantly interacts via Zoom and Slack, hospitals — even today — are still sending faxes.

Hospitals 359

Hospitals 359

STAT

MAY 19, 2023

Four different companies agreed to buy the assets of Pear Therapeutics at auction on Thursday morning after the digital health company filed for bankruptcy last month. Click Therapeutics, Welt Corp, Harvest Bio, and Nox Health Group each acquired bits of the company for $6.05

338

338

STAT

MARCH 4, 2024

Over the last few years, virtual mental health company Talkspace has been on a relentless quest to conquer the insurance market. And, the ability to serve adults 65 and older could prove an important distinction in the eyes of investors and potential strategic partners in the health care industry.

328

328

STAT

APRIL 4, 2024

You’re reading the web edition of STAT’s Health Tech newsletter, our guide to how technology is transforming the life sciences.  based companies and aims to write checks between $1 million and $10 million.   Sign up to get it  delivered in your inbox every Tuesday and Thursday. Read the rest…

Diabetes 286

Diabetes 286

STAT

NOVEMBER 9, 2023

Many of the company’s health tools are consumer features without strong ties to the health care system, so there often isn’t a health care outcome to measure as proof.

344

344

STAT

JULY 14, 2023

Big Health, one of the leading companies producing apps to help treat mental health conditions, on Thursday announced it acquired Limbix, developer of a prescription app for adolescent depression. Developers of prescription digital therapeutics , in particular, have been reeling.

235

235

STAT

JANUARY 4, 2024

Meanwhile, companies selling digital health services like telemedicine, health plans for virtual care, and AI tools for payers face a crucial year as they scramble to make good on profitability projections.

335

335

STAT

NOVEMBER 6, 2023

The fast-evolving world of digital therapeutics offers the promise of lowering barriers to accessing health care, but the companies behind these software-based tools face an uphill battle in convincing clinicians and insurers that their products can complement traditional medicine.

313

313

STAT

FEBRUARY 2, 2024

Apple Vision Pro, the company’s most important new product in a decade, promises to envelop consumers in an immersive world of interactive content while employing clever technologies to make the device more usable and less alienating than virtual reality headsets that have come before it.

Hospitals 359

Hospitals 359

STAT

AUGUST 9, 2023

This year has seen the Federal Trade Commission crack down on digital health companies’ irresponsible data use. Now, the FTC is arming itself for even more aggressive enforcement. Continue to STAT+ to read the full story…

HIPAA 241

HIPAA Hospitals 241

STAT

DECEMBER 13, 2023

Half a year after selling its assets at bankruptcy auction , Pear Therapeutics’ most significant digital treatments will find a new life as part of PursueCare, which provides online addiction care and mental health counseling. ” Continue to STAT+ to read the full story…

302

302

STAT

SEPTEMBER 19, 2023

Pear Therapeutics may be gone, but one of its most important deals is still driving critical conversations about how medical apps can find a foothold in the slow-moving health care system. Pear’s reSET was the first such app cleared by the FDA in 2017. Continue to STAT+ to read the full story…

308

308

STAT

AUGUST 23, 2023

Executives from the shuttered digital health company Pear Therapeutics are launching a new VC firm, offering early access to new startups formed by serial biotech entrepreneur Bob Langer. The firm will invest in therapeutics and digital health products by both forming new companies and taking pitches from early-stage startups.

Documentation 246

Documentation 246

STAT

AUGUST 1, 2023

As Verily aims to get on track, the Alphabet life science company has hired Andrew Trister, an oncologist and veteran of big technology companies and research, as its new chief scientific officer. In 2016, he was an early health hire at Apple. Trister also led the foundation’s Covid-19 response.

234

234

STAT

DECEMBER 26, 2023

The device group also created a separate niche for digital health companies in October. Continue to STAT+ to read the full story…

311

311

STAT

JANUARY 4, 2023

Continuing economic uncertainty and the threat of a recession are casting a pall over health tech in 2023 — a dramatic shift for an industry that enjoyed abundant funding in the pandemic’s early stages.

346

346

STAT

FEBRUARY 21, 2024

DarioHealth, which makes apps for managing chronic diseases, today announced it will acquire digital mental health company Twill for $10 million in cash plus stock valued at over $20 million at the end of Tuesday trading. With Twill, Dario adds a mental health app and related services, addressing a top demand of employers.

Diabetes 275

Diabetes 275

STAT

MARCH 6, 2024

Headspace, which has built a growing digital health business around mindfulness, is joining forces with Meta to launch a meditation app for Quest, the social media giant’s virtual reality headset.

270

270

STAT

APRIL 18, 2023

Over the past five years, digital mental health has risen from a niche topic to a global health priority. Patients, researchers, regulators, and investors alike are thrilled by the potential of ubiquitous mobile technology like smartphones to help diagnose problems, monitor health, and even deliver evidence-based therapies.

248

248

STAT

JUNE 9, 2023

Heart monitoring company iRhythm is in hot water with the Food and Drug Administration, which issued a stern warning letter to the device maker this week for marketing its product for “high risk” patients and changing its algorithm without seeking the FDA’s permission.

342

342

STAT

JANUARY 8, 2024

Turn on your TV or open a web browser this January, and you’ll be bombarded with ads for fitness trackers, smart scales, health apps, and other digital innovations promising to streamline your journey to a happier and healthier you. The marketing campaigns work: Each January, fitness app downloads spike 36% higher than usual.

363

363

STAT

JULY 28, 2023

Virtual mental health company Talkspace on Thursday added to its run of promising earnings reports, with the once-embattled company continuing to project it would break even by early 2024. The company also raised its annual revenue guidance and said it would lose less money than it had originally forecasted.

223

223

STAT

JULY 19, 2023

In another sign of the business headwinds facing prescription mental health apps, developer Twill will shop around for a pharmaceutical company to market Aspiro, its cognitive behavioral therapy treatment for both generalized anxiety and major depression. Continue to STAT+ to read the full story…

Pharmaceutical Companies 242

Pharmaceutical Companies Pharmaceutical Companies 242

pharmaphorum

FEBRUARY 26, 2024

Digital health company Akili expands beyond the US as partner Shionogi files for approval for its ADHD digital therapeutic (DTx) in Japan

118

118

STAT

JUNE 9, 2023

WASHINGTON — After getting burned by the high-profile implosion of a digital health company, a senior official at Oklahoma’s Medicaid program said the state would be hesitant to buy into similar products again.

Hospitals 268

Hospitals 268

STAT

DECEMBER 5, 2022

Over the last year and a half, the 5-year-old digital health startup has been quietly planning to expand into sleep care with a new brand called River. The company also acquired Nurx , which was originally focused on sexual and reproductive health, in a merger that closed this year.

236

236

pharmaphorum

APRIL 4, 2024

Healthcare system Providence has spun out a new company, Praia Health, focused on a platform to build and sustain connections between patients and health providers. million user accounts.

111

111

STAT

OCTOBER 11, 2023

Device makers and analysts at the conference, hosted by device lobby AdvaMed, came together to discuss medical technology’s innovation problem, the industry’s deepening relationship with the Food and Drug Administration, and the growing opportunities in digital health.

311

311

STAT

FEBRUARY 28, 2023

SAN FRANCISCO — The mental health startup Mindstrong had the makings of a trailblazer in the field: top-tier leaders from companies like Google and Uber with expertise in neuroscience, medicine, and computer science. And an alluring pitch to stave off mental health crises with technology.

254

254

STAT

DECEMBER 9, 2022

Disparities along racial and socioeconomic lines have long persisted in health care. But it’s only somewhat recently that the health care industry’s often glitzy gatherings have started grappling with health equity, as the pandemic both widened health inequities and also demonstrated the potential of technology to tackle them.

Diabetes 276

Diabetes 276

STAT

MARCH 21, 2023

The path to payment for virtual reality companies working in health care just became slightly smoother. AppliedVR, a company targeting chronic pain, has become the first digital therapeutic to find an easy way to secure reimbursement from the Centers for Medicare and Medicaid Services.

276

276

STAT

AUGUST 1, 2023

On Tuesday, Duke Health and Microsoft announced a five-year partnership that will support artificial intelligence applications in medicine, with a focus on building out infrastructure such as cloud-based data platforms.

Hospitals 235

Hospitals 235

pharmaphorum

FEBRUARY 21, 2024

DarioHealth has bought fellow digital health company Twill in a move that combines their chronic disease and mental health platforms.

108

108

STAT

OCTOBER 5, 2022

Health tech companies and their backers are increasingly cautious as they brace for uncertain market conditions leading into the new year. But industry gatherings are in full swing, and we’re expecting lively debate about which digital health offerings will win out as investments and contracts sink below their pandemic peak.

232

232

pharmaphorum

JANUARY 4, 2024

Digital health company Click Therapeutics has won an FDA breakthrough device designation for CT-155, a digital therapeutic (DTx) for the negative symptoms of schizophrenia, like social withdrawal and apathy, that tend not to respond well to antipsychotic drugs.

111

111

STAT

OCTOBER 4, 2022

The Alphabet life sciences spinout is doubling down on the business of evidence generation , trying to build the tools and technical infrastructure that will help pharma and digital health customers run the next generation of clinical trials.

322

322