Oxford Drug Design raises £2.2M to develop AI-based drug discovery programme
Biotechnology firm Oxford Drug Design Limited (ODD) has raised £2.2M in funding from existing investors ACF Investors, o2h Ventures, Meltwind Advisory, several returning angels and new investors and the US-based R42 Group.
The Oxford University spinout has created an artificial intelligence (AI) AI proprietary platform...
Digital chronic condition management company DarioHealth posted a net loss of $15.9 million in the first quarter, slightly higher than the $15 million net loss from Q1 last year. But the company beat its revenue expectations with $8.06 million, a 124% increase from last year.
Total operating expenses were $19.9 million, compared with $15.4 million in Q1 2021 and $22.2 million during the fourth...
Babylon announced Thursday its AI-enabled symptom checking chatbot is now integrated into recently acquired Higi's mobile app.
The move comes months after the global digital health company wrapped up the Higi acquisition in early January. Higi makes FDA-cleared kiosks for grocery stores and pharmacies that can check health metrics like blood pressure, pulse and weight, and provide risk...
Digital health chatbot Babylon announced its plans to buy patient engagement tool DayToDay for an undisclosed sum. This news comes just weeks after the U.K.-based startup wrapped up its acquisition of health kiosk company Higi.
Boston-based DayToDay is focused on guiding patients through their healthcare journey. Patients can use the platform to tap into educational materials before or after...
Digital health company Babylon has completed its acquisition of Higi, maker of health-checking kiosks found in grocery stores and pharmacies.
The deal comes after the digital health giant became a strategic investor in Higi starting in May 2020, when Higi announced a $30 million round and began integrating Babylon’s symptom-checking and remote-care tech into its stations.
According to a document...
Digital health firm Babylon has launched its artificial intelligence (AI) powered triage tool in Rwanda to further digitise the Rwandan healthcare system.
Babylon, known locally as Babyl, has been delivering digital health services in Rwanda since 2016 and, last year, embarked on a 10-year partnership with the Government of Rwanda to build Africa’s first digital-first universal healthcare system...
Rapid-diagnostics company Cue Health earned $223.7 million in revenue for the third quarter of 2021, compared with $137.4 million for the prior quarter and $4.7 million for the prior year.
The company went public in late September, raising $213.9 million in proceeds after underwriting fees.
Net income dipped slightly to $19.3 million compared with $19.8 million in the second quarter, and earnings...
Digital health firm Babylon has secured a sustainability-linked investment of up to $200 million (€173M) from the strategic capital investment firm, Albacore Capital Group.
Together with already committed PIPE capital of $230 million (€199M) from institutional and strategic investors, Babylon will now have access to around $775 million (€671M) of capital (before fees).
In June Babylon announced...
Digital health chatbot Babylon is expanding its work in Rwanda, aiming to make it easier for folks who don’t have a cell phone number to access its health services.
The company is broadening its work with Rwanda’s National ID Agency (NIDA) in order to help patients register and access medical appointments.
Previously, only individuals with a cellphone could register for Babylon’s local service...
Digital health chatbot Babylon announced its plans to go public via a $4.2 billion SPAC merger with Alkuri Global Acquisition.
The combined entity will operate as Babylon (BBLN) on Nasdaq. According to the company, the deal is expected to close in the second half of 2021. Leading up to going public the company announced its revenue had multiplied by five in 2020.
Founded in 2013, the company got...
_6.jpg?itok=gYH7wQQo "Businesspeople shaking hands")
_0_0.jpg?itok=mDSuN6kF)
