Finance
The consumer genetics company reported full-year revenue came to $272 million, an 11% increase compared with the prior year.
Also: Pear Therapeutics reported $2.7 million in revenue for its first quarter compared with $1.3 million in Q4 2021.
Weldon offers chats with therapists, social workers and parenting coaches as well as group support and educational content.
Also: Baby tech company Owlet and diagnostics-focused Cue Health plan on submitting for regulatory clearances this year.
Also: Butterfly Network reports a year-over-year revenue increase of more than 25%, with a $44.5 million net loss, and One Medical announces a significant jump in revenue.
The size of the healthcare industry is attractive to entrepreneurs, but the highly regulated field can be a challenge for startups.
Under the deal, MedRhythms would receive a $3 million upfront payment and could earn up to $117.5 million if certain milestones are met.
The completed deal comes weeks after LetsGetChecked announced its intent to acquire Veritas Genetics and Veritas Intercontinental.
Dr. Liz Kwo outlines the landscape of the RPM space.
The virtual care giant reported a $6.7 billion loss in the first quarter, driven by a non-cash goodwill impairment charge related to its 2020 Livongo deal.