Happify Inc. secured $73 million through a series D fundraising round and related financing to expand the company's digital health platform. Deerfield Management Company led the latest round, with participation by Omega Capital Partners, Ion Crossover Partners, and existing investors.
The administration of President Joseph Biden announced March 17 a $10 billion allocation of funds for testing to reopen schools in the final months of the current school year, a source of revenues that was provided by the recently passed $1.9 trillion American Rescue Plan. The news follows by one day a new FDA policy on screening tests that allows test developers to distribute tests designed to screen those who are asymptomatic without first validating the test for this use, although there are still questions as to whether this new push will yet again crimp vital testing supplies.
The medical device incubator Coridea LLC and the health care investment firm Deerfield Management Co. LP are joining forces to accelerate the formation of med-tech companies on the East Coast.
The latest global regulatory news, changes and updates affecting medical devices and technologies, including: NICE unimpressed by stenosis measurement software; MedPAC says more study needed for expanded telehealth coverage.
Regulatory snapshots, including global submissions and approvals, clinical trial approvals and other regulatory decisions and designations: 4Web, Maitri.
Med-tech happenings, including deals and partnerships, grants, preclinical data and other news in brief: Aptamer, Belmont Medical Technologies, Bioiq, Cytosorbents, Diamir, Emulate, Interpace, GE Healthcare, Leinco, Magventure, Mologic.
A data-blocking rule set to go into effect in the U.S. April 5 could make it easier for sponsors to get the real-world data they need to demonstrate postmarket evidence of the safety and efficacy of their drugs and devices and to develop future products.
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