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H1 2021 Digital Health Funding: Another Blockbuster Year…In Six Months

H1 2021 secured $14.7B in digital health funding, already surpassing all of 2020’s funding. The half closed with 372 deals and an average deal size of $39.6M, spearheaded by 48 mega deals which accounted for 59% of total H1 2021 funding. Public exit activity ballooned with 11 closed IPOs and SPACs, with another 11 SPACs expected to close in 2021. The digital health investment climate in one word: Up.
Funding, up.
Deals, up.
Deal sizes, up.
Acquisitions, up.
Public exits, up.
It’s been quite a ride this past year watching digital health catapult from a niche sector to a mainstream market. Seismic shifts from the COVID-19 pandemic launched digital health into high gear, and the momentum has only accelerated. The first half of 2021 closed with $14.7B invested across 372 US digital health deals with a $39.6M average deal size. Fifty-nine percent of that funding came from 48 mega deals ($100M+), including one of the largest single rounds of investment in digital health history: Noom’s $540M Series F round.

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Healthcare

CRISPR Injected into the Blood Treats a Genetic Disease for First Time

A new CRISPR-based treatment for a rare, deadly liver disease depends on an injection containing both a messenger RNA encoding a DNA-cutting enzyme (white) and another RNA (blue) that guides it to a specific gene sequence (green).

The gene editor CRISPR excels at Exing disease mutations in lab-grown cells. But using CRISPR to treat most people with genetic disorders requires clearing an enormous hurdle: getting the molecular scissors into the body and having it slice DNA in the tissues where it’s needed. Now, in a medical Erst, researchers have injected a CRISPR drug into the blood of people born with a disease that causes fatal nerve and heart disease and shown that in three of them it nearly shut off production of toxic protein by their livers.

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Health.Market
Health.Market

Health.Market June 24, 2021

Organizing healthcare products and services into three categories including biotech complex, information dependent services, and consumer and patient experience and self-care may help track performance and relative valuation. In the end, whether new tech brings clinical value is the open question.

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Health.Market
Health.Market

Health.Market June 9, 2021

Digital health has been setting records for raising money in the private markets through VC’s and other sources of private investment. The hype is enormous for unproven technologies. The dynamics in the public markets for digital health stocks, the few that exist, hasn’t been so consistently enthusiastic. This will sort itself out based on delivering of actual value to patients, consumers and shareholders.

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Health.Market
Health.Market

Health.Market May 10, 2021

This market is as bullish and as overbought as it has been in a couple of decades though the monetary and fiscal backdrop are much different now. The huge money is rotating this way and that as we continue to slosh the bull.

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Coding inside of a Computer
Industry News

How a startup beat health care heavyweights to win Medicare’s AI contest

2021 opened with a whirlwind of SPAC-triggered public exit activity in digital health. In this post, we share insights and analysis on how digital health’s SPAC boom will impact four different stakeholder groups, as well as implications for the entire ecosystem.

A $1 million government contest to predict health problems with artificial intelligence attracted the heavyweights of industry and beyond — from Mayo Clinic, to IBM, to the data and consulting powerhouse Deloitte.

But the winner of Medicare’s AI health outcomes challenge is a lesser-known startup from Austin, Texas, called ClosedLoop.ai. The company, whose victory was announced late Friday, bested 300 rivals with a system capable of forecasting adverse health events by crunching an array of data on patients.

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Doctor taking an elderly female's blood pressure
Client News

Tech helps cut Stockport hospital admissions by almost 40%, saving £2.5m

Smart phone and Bluetooth technology, linked to an innovative digital remote care system, has cut hospital admissions in the Stockport area by almost 40%, saved the NHS more than £2m and empowered patients at home.

A digital solution, developed by Norwegian medical software company Dignio and adopted by Stockport-based Mastercall Healthcare – a social enterprise ‘not for profit’ provider of NHS healthcare – has allowed many COVID-19 patients to remain safely at home, instead of being admitted to hospital.

Dignio opened a Manchester office earlier this year, close to Piccadilly rail station.

The same tech system has also been used in 20 care homes in the area, where it has again been helping to take the pressure off stretched NHS services.

Patients with smartphones and care home staff using tablets, download an app and can be instantly connected to devices including a thermometer, pulse oximeter and blood pressure monitor.

It means that those with mild coronavirus symptoms and residents in care homes, with a variety of long term health conditions, can be checked regularly.

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Doctor taking an elderly female's blood pressure
Client News

Tech helps cut Stockport hospital admissions by almost 40%, saving £2.5m

Smart phone and Bluetooth technology, linked to an innovative digital remote care system, has cut hospital admissions in the Stockport area by almost 40%, saved the NHS more than £2m and empowered patients at home.

A digital solution, developed by Norwegian medical software company Dignio and adopted by Stockport-based Mastercall Healthcare – a social enterprise ‘not for profit’ provider of NHS healthcare – has allowed many COVID-19 patients to remain safely at home, instead of being admitted to hospital.

Dignio opened a Manchester office earlier this year, close to Piccadilly rail station.

The same tech system has also been used in 20 care homes in the area, where it has again been helping to take the pressure off stretched NHS services.

Patients with smartphones and care home staff using tablets, download an app and can be instantly connected to devices including a thermometer, pulse oximeter and blood pressure monitor.

It means that those with mild coronavirus symptoms and residents in care homes, with a variety of long term health conditions, can be checked regularly.

Read More »
Health.Market
Health.Market

Health.Market May 3, 2021

It was a strange week. The market was right about the numbers. When the predicted happened, not much happened at the headline level but there was quite a bit of movement under the surface of the market. Sloshing continues. The market is clearly leaning bullish. The risk is bearish.

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