The Bill and Melinda Gates Foundation and WuXi AppTec’s Corporate Venture Fund have led an $85 million funding round into Schrödinger. The company produces a computational platform for drug discovery, which it also uses for its own research.
Research carried out during the 2018 Lassa fever outbreak in Nigeria used rapid, portable genomic sequencing technology to identify viruses without prior knowledge of the cause of disease. This enabled researchers to allay fears and direct the public health interventions to limit the spread of the virus and help to protect more people from disease.
Verily, an Alphabet portfolio company, has closed a $1 billion external funding round led by Silver Lake. The capital will be used to invest in strategic partnerships, in business development, and acquisitions.
Mindstrong Health has increased its Series B investment round with an additional $31 million, led by General Catalyst.
SOPHiA GENETICS has closed a $77 million funding round led by Generation Investment Management, with participation from Idinvest Partners, alongside existing investors including Balderton Capital and Alychlo.
The AI in healthcare market is expected to grow from $2.1 billion in 2018 to $36.1 billion by 2025, according to a new report from Research and Markets. The main drivers of that growth are increasing healthcare costs, and the growing availability of large and complex data sets. Hospitals are likely to be the largest […]
Predictions are two a penny at this time of year, and no one will hold those who make the predictions to account. Tractica, a market intelligence agency, has put out a white paper with predictions on Artificial Intelligence in 2019. Amongst them is an expectation of advancement in AI-enabled drug trials.
The UK government has announced new measures to improve quality of care for mothers and new-born babies. The plans involve redesigning neonatal services, and hiring more expert neonatal nurses and specialists. There will be improved accommodation for critically ill newborn babies; wider availability of physiotherapy for mothers; and the delivery of an evidence-based infant feeding programme. […]