Press Releases

Medidata Defines the Future of Life Sciences with Acquisition of SHYFT Analytics

Medidata announced on June 12 that it will acquire SHYFT Analytics for a total consideration of $195 million. The acquisition is subject to customary closing adjustments, is inclusive of Medidata’s prior 6% ownership in SHYFT’s business, and will be paid in cash. “Together, Medidata and SHYFT are powering customers’ digital transformation with artificial intelligence and real-world analytics to reduce risk, optimize revenue, and ultimately help patients,” said chairman and CEO of Medidata, Tarek Sherif. He continued, “Combining our innovative solutions, talented teams and shared values, across...

Pharmapacks Raises $32.5 Million to Fund Expansion, Automation and Talent Acquisition

Pharmapacks today announced that it has raised $32.5 million in a strategic round led by CPG company RB. Additional investments were made by McKesson Ventures, Sealed Air, and The Emerson Group. Pharmapacks also sold a minority stake as part of the round for an undisclosed amount. Pharmapacks is a leading e-commerce company that sells common consumer goods and helps emerging brands launch through its e-commerce platform and consumer base. The funding will be used to expand the Pharmapacks team and warehouse space, improve its automated technology,...

Propeller Health Raises Strategic Investment from McKesson Ventures

Propeller Health announced today that McKesson Ventures has contributed an undisclosed amount to its $20 million strategic funding round. The funding will allow Propeller Health to continue developing connected medicines for the treatment of chronic respiratory disease and expand into additional therapeutic areas. David Van Sickle, co-founder and CEO of Propeller Health commented on the impact of the investment on the company’s current and future initiatives. “We’ve accumulated the expertise, infrastructure and distribution network to put connected medicines in the hands of people around the world,”...

Kyruus Named 2018 MedTech Breakthrough Award Winner

Kyruus’ ProviderMatch for Consumers solution has been awarded the “Best Patient Scheduling Solution” award by MedTech Breakthrough. The MedTech Breakthrough Rewards are designed to “honor excellence and recognize the innovation, hard work and success” in a variety of health and medical technology categories. This year, the judging panel considered over 3,000 nominations from 12 different countries worldwide. “With advancements in medical and health technology that include developments in areas such as artificial intelligence, robotics and medical data analytics, the 2018 MedTech Breakthrough Awards program garnered an...

Avizia and VeeMed Partner to Enable Seamless, Powerful Telehealth Programs

Telehealth company Avizia recently announced a new partnership with VeeMed, a leading provider of physician services for telehealth. The partnership brings together Avizia’s telehealth platform and VeeMed’s provider services for high-acuity use cases including neurology, behavioral health, and intensive care. The partnership will offer flexible options to deliver high quality virtual care programs for healthcare organizations. Through the collaboration, Avizia will be able to offer a full suite of telehealth tools for remote virtual health consultants and specialists. Founder and CEO of Avizia Mike Baird spoke about...

GRAIL Announces Data from Prototype Blood Tests for Early Cancer Detection

Earlier this month, GRAIL, Inc., a life sciences company dedicated to finding early detection strategies for cancer patients, announced that it has made progress toward developing a method for identifying multiple types of cancer through blood tests. The announcement was made at the annual American Association for Cancer Research meeting. Testing patients already known to have early stage cancer, GRAIL scientists employed full genome sequencing to analyze DNA entering the blood stream shed by dying tumor cells. Sixty-five percent of patients’ test results came back positive;...

Truveris Appoints Sally Welborn, former head of Walmart Global Benefits to Board of Directors

Truveris, a McKesson Ventures portfolio company, has announced that it has elected Sally Welborn to its board of directors. Welborn brings 30+ years of industry experience to Truveris, which is working to provide everyone with access to affordable prescription medication. Welborn expressed her support of Truveris’s mission, saying, “Prescription drug affordability and accessibility is one of the most important issues in the US today.” She continued, “Truveris has unique capabilities to make a difference for payers and patients, and I am honored to join its Board.” Welborns...

Avizia Partners with athenahealth’s ‘More Disruption, Please’ Program to Enable System-Wide Telehealth Strategies

Today Avizia announced a new partnership with athenahelath, Inc. as part of the ‘More Disruption Please’ (MDP) program. The move means that Avizia will now be a part of the athenahealth Marketplace, making the company available to more than 111,000 healthcare providers. It also means Avizia’s innovative telehealth strategies will be more accessible to healthcare professionals. athenahealth is a results-oriented services company that offers medical record, revenue cycle, patient engagement, care coordination, and population health services for hospital and ambulatory clients. Its goal as an organization...

Avizia TeleStroke Workflow Update Provides Faster Access to More Effective Treatment

Avizia recently announced availability of an updated telestroke workflow integrated into their system-wide powering of telehealth. The process allows care teams to collaborate quickly and effectively by streamlining decision-making and closing communications gaps. It reflects the company’s record of consistently developing innovative technology solutions for medical and healthcare professionals. With this latest update, the window for stroke treatment has been expanded to allow eligibility for thrombectomy up to 24 hours after symptom onset. It means more opportunities to lower disability from stroke. Avizia’s technologies empower remote neurologists...

Global Augmented and Virtual Reality in Healthcare Market 2017-2023

A new report from Research and Markets values the augmented and virtual reality in healthcare market at a whopping $769.2 million in 2017. The report predicts that by 2023, just five years from now, it will be valued at nearly $5 billion. Key reasons for the increased value of this market include increasing use of connected devices in healthcare, more investment in healthcare augmented reality and virtual reality, and the continuing need to drive healthcare costs down. A lack of training, competence, and expertise among healthcare...