Virtual physical therapists Hinge Health files for IPO, estimated to raise $500M

Hinge Health, a 10-year-old company that offers a digital solution to treat chronic musculoskeletal (MSK) conditions, filed to go public. Although Hinge has not yet announced how many shares, nor priced them, the IPO specialists at Renaissance Capital estimate the company hopes to raise up to $500

On a quest to revive the woolly mammoth, Colossal Biosciences has created a woolly mouse

Colossal Biosciences, known for its outlandish goal to resurrect the woolly mammoth by 2028, is claiming steady progress. Its evidence: genetically engineering mice to have mammoth-like fur. To engineer the woolly mouse, the company’s scientists found mouse versions of mammoth genes and then

University spin-out Afynia secures $5M seed to commercialize its microRNA panel test for endometriosis

Canadian biotech startup Afynia Laboratories, a spin-out from McMaster University in Ontario, has picked up $5 million in seed funding to commercialize a blood test for endometriosis — a medical condition that can afflict people with a uterus, causing problems like chronic pelvic pain and fer

Holmes and Balwani’s appeal falls flat as court upholds fraud convictions

Elizabeth Holmes and Ramesh “Sunny” Balwani's appeal to overturn their fraud convictions and reduce their prison sentences was denied Monday by the Northern District Court of California, which also refused to soften their $452 million joint restitution order. Holmes, the founder of Therano

Spore.Bio raises $23M to apply machine learning to microbiology testing

Recalls in the food and beverage industry due to contamination incidents can be catastrophic for a company. Not only do companies have to pay fines and damages, but also the impacts on the brand's reputation can be long-lasting. That's why Spore.Bio, a Paris-based deep tech startup, is try

NIH funding uncertainty spurs new biotech venture fund

Earlier this month, the Trump administration directed the National Institutes of Health (NIH) to impose limits on specific types of funding it provides to research institutions. Although a federal judge has temporarily blocked the policy change, government grants to early-stage biotech startups co

US pharma giant Merck backs healthcare marketplace HD in Southeast Asia

Big Tech and pharmaceutical companies are accelerating the implementation of artificial intelligence in the healthcare industry. Just last month, AWS and General Catalyst announced their partnership to speed up the development and deployment of healthcare AI tools. GE HealthCare teamed up with AWS

Founded by DeepMind alumnus, Latent Labs launches with $50M to make biology programmable

A new startup founded by a former Google DeepMind scientist is exiting stealth with $50 million in funding. Latent Labs is building AI foundation models to “make biology programmable,” and it plans to partner with biotech and pharmaceutical companies to generate and optimize proteins.

Six months after raising $29M, Candid Health nabs another $52.5M to ease medical billing

With over 1,000 insurance companies in the U.S., figuring out how to get paid by each company is a complex challenge for doctors and hospitals. Each insurance may require slightly different information on medical claims, even for the same procedure. Incorrectly filed claims can lead to denied cove

Australian health tech startup Harrison.ai scores $112M Series C

Medical imaging is crucial for the timely identification of serious diseases like cancer. However, manual interpretation of scans is a time-intensive process. Healthcare professionals increasingly use AI-powered tools for diagnostic purposes, as such technologies can be very effective in detecting

Could this startup’s compact nuclear reactors revolutionize cancer detection?

As cancer rates in the West, and globally, tack upwards due to lifestyle and environmental pollution, so does the need for the nuclear isotopes used in detecting those cancers in a medical setting. But with many reactors built in the 70s and 80s scheduled for shutdown, the materials used are becomi

Allara lands $26M to expand women's hormone telehealth

Growing up with an OB-GYN father, Rachel Blank assumed that most women received excellent gynecological care. She regularly witnessed her dad's patients thanking him for delivering their child when they would bump into him around town. But Blank realized that not all women's health issues

Lindus Health raises $55M to ‘fix the broken clinical trial industry’

A four-year-old London startup backed by Peter Thiel has raised a $55 million Series B round as it sets about “fixing the broken clinical trial industry.” The announcement comes as artificial intelligence is shaping up to revolutionize drug discovery and development, in turn spurring d

This MIT spinout wants to spool hair-thin fibers into patients’ brains

You can't start a company without a healthy dose of daring, and that's certainly the case with NeuroBionics. The MIT-spinout thinks it could one day improve the lives of millions of people who live with neurological conditions like depression, epilepsy, and Parkinson’s disease.