News 9/13/2016

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Sanofi and Verily Life Sciences (formerly Google Life Sciences) announce the launch of Onduo, a $500 million joint venture to develop a comprehensive diabetes management platform. Onduo’s mission is to help people with diabetes live full, healthy lives by developing comprehensive solutions that combine devices, software, medicine, and professional care to enable simple and intelligent disease management.

Initially, Onduo will focus on the type 2 diabetes community, specifically on developing solutions that could help people make better decisions about their day to day health, ranging from improved medication management to improved habits and goals. Over time, the company plans to expand its focus to include the type 1 diabetes community, and eventually to people at risk of developing diabetes with the goal of helping them better prevent the onset of the disease.

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Biotech startup Chrono Therapeutics announces it has raised $47.6 million in a Series B round of venture capital. The round was led by Kaiser Permanente Ventures. Chrono will use the funding to advance the clinical development of its smoking cessation platform and investigate other applications that can leverage its personalized drug therapy platform.

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Vivasure Medical secures $18.3 million in a Series C round of financing. The Irish startup offers a fully absorbable vascular closure implant designed specifically to close large arteriotomies. They will use the funds to commercialize the device in the United States and the European Union.

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HMicro Inc. closes on $10.2 million in Series C financing. The company creates system-on-a-chip biosensor platform technology for medical device manufacturers.  The proceeds from the financing will be used to fund the company’s continuing development and commercialization of HMicro’s biosensor platform that includes a proprietary chip having multi-sensor interfaces and multiple radios, disposable wireless patch and mobile and fixed location receiver devices.

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Frost & Sullivan recognizes Validic with the 2016 Visionary Innovation Leadership Award. Frost & Sullivan presents this award to a company that consistently develops new growth strategies based on a clear and holistic understanding of the current and future market. Validic’s Digital Health Platform is a cloud-based data interoperability platform that facilitates the fluid and secure transfer of health information from a multitude of digital sources to key healthcare stakeholders, including providers, payers, health IT vendors, pharmaceutical companies and contract research organizations. This ability to enable a seamless connection to health insights from diverse data sources including in-home clinical devices, consumer health applications, biometric sensors and fitness wearables makes Validic the most comprehensive and advanced connected health solution presently available in the market.

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The Pokémon  Company and Niantic announce that Pokémon Go has surpassed 500 million downloads since it was launched in July of this year. The global mobile game that invites players to go out and explore their surroundings in order to find and catch Pokémon has been linked to unintentional health benefits as well as injuries and deaths as people blindly chase cartoons they see on their phone in the real world. 

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Samsung accelerated startup Welt Corporation raises $67 thousand in a Kickstarter campaign to raise only $30 thousand for its Smart belt. The wellness belt tracks health indicators like waist size, activity, and food intake. It also tracks how much time the wearer sits in a day and how many steps they take. I am impressed by the 20-day battery life but I am not sure how I feel about a mobile app that alerts the wearer of growing waist size and patterns of overeating in real time.

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