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Deals
BrightMD. Telehealth company BrightMD raised an $8M Series C round from Easton Capital, Seven Peaks Ventures, and B Capital Group.
ElevateBio. Cell & gene therapy company ElevateBio raised a $170M Series B round, with participating investors including Vertex Ventures, MPM Capital, and EcoR1 Capital.
Olive. Healthcare admin automation company Olive raised a $51M Series E round, led by General Catalyst. Other participating investors included Drive Capital, Oak HC/FT, and Ascension Ventures.
AristaMD. Specialist consultation platform AristaMD closed an $18M Series B round led by Cigna Ventures and MemorialCare Innovation Fund (MCIF).
Cue Health. Diagnostics company Cue Health received a $13M contract from Biomedical Advanced Research and Development Authority (BARDA) to develop a handheld test for the novel coronavirus.
Akouos. Gene therapy company focused on hearing disorders, Akouos, raised a $105M Series B round led by Pivotal bioVenture Partners. Other investors included 5AM Ventures, New Enterprise Associates, and Novartis Venture Fund.
Perspectives
The ventilator shortage. Referring back to key regulatory and industry initiatives over a 13 year span, the authors trace how the current ventilator shortage crisis came to be.
New York Times
Hospital capacity? Using hospital bed counts data along with population data, the HealthcareDive team analyzed bed capacity in top 20 metro areas and identified which are at risk of shortages.
HealthcareDive
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