General Electric (GE) has a new spinoff with great potential in the healthcare sector, as a separate standalone firm. This would enable great opportunities for growth and innovation.
The latest in digital health news is that Amazon would be acquiring a virtual pharmacy named PillPack. Amazon’s website which is famous for online shopping is planning to expand by also including prescription medication.
Scientists from the University of Texas have developed a way to sense dangerous chemicals, a basic model consisting of a smartphone and a box made from Lego bricks, which could help scientists to identify deadly and difficult-to-detect nerve agents such as sarin and VX. The new approach combines a chemical sensor with photography to notice and recognize different nerve agents.
Switzerland-based NBE Therapeutics AG, a biopharmaceutical company, announced a $20 million extension of series B funding led by Novo Holdings. Earlier in the series B funding round, the company had received $20 million, bringing the total funding to $40 million. The Swiss startup will use the new funding for the testing of the anti-ROR1 antibody-drug conjugate (ADC) NBE-002 in patients with solid tumors.
Sanford Health, a healthcare delivery system acquired the Evangelical Lutheran Good Samaritan Society, a senior healthcare services provider for an undisclosed amount. Both South Dakota based healthcare providers announced the merge to form a $6 billion company with 47,000 employees nationwide.
A research team from the University of California, Los Angeles, United States has revealed that deep learning (a form of AI) can distinctively increase microscopic resolutions in photos taken via smartphones.
A shocking report revealed that an error in breast cancer screening tests may have affected a vast number of women across England. Due to a computer algorithm failure dating back to 2009, a group of women was not sent for routine breast cancer screening tests before their 71st birthdays. Public Health England (PHE) predicted that around 450,000 women may have been affected due to these screening errors during 2009.
Babylon’s system initiates with a conversation and continues into an AI-assisted telemedicine visit. Apart from physician’s conversation with the patient, the system generates visit notes for the physicians. Even the patient’s facial expressions were analyzed and reported to the doctor. Babylon is working on the Alexa app, which would be released by the end of August.
Saving lives through accurate diagnosis followed by swift treatment is the major outcome of new and pioneering medical inventions and technologies. And it is encouraging to see that the healthcare industry is heading towards this goal. With this in mind, we have listed three medical advances which have helped to change the medical scenario throughout the world.
Philadelphia-based Carisma Therapeutics bagged $53 million in series A funding, led by AbbVie Ventures Co-led by HealthCap, new backers Wellington Partners, MRL Ventures Fund, TPG Biotech, and Agent Capital.
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