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Rocket Doctor Named Clinical Innovator of the Year at NEXUS 2025
Globenewswire· 2025-05-06 13:41
Core Insights - Rocket Doctor Inc. has been awarded Clinical Innovator of the Year at the NEXUS 2025 Innovators Challenge, recognizing its leadership in physician-led virtual care models across North America [1][7] - The award highlights Rocket Doctor's mission to empower physicians and expand access to high-quality care through innovative technology [3][4] Company Overview - Rocket Doctor is a technology-driven digital health platform that enables independent physicians to launch and manage their own virtual or hybrid practices, providing built-in administrative support and AI-powered tools [3][6] - The platform supports a wide range of care, from urgent visits to complex consults, allowing physicians to meet patients' needs flexibly and efficiently [3][5] Industry Impact - The recognition at the Innovators Challenge underscores the growing trend of physician-led, patient-focused, and technology-enabled healthcare solutions [4][7] - Rocket Doctor's innovative approach aims to modernize healthcare delivery, particularly for underserved communities, by leveraging AI and digital tools [5][6] Future Engagements - Dr. William Cherniak, CEO of Rocket Doctor, is participating in several high-profile innovation events, including presentations at Harvard University and AARP's AgeTech Accelerator, further establishing the company's presence in the healthtech sector [4][7]
Dawn Health Secures EURm 11.5 to Scale Platform & Product Suite for Next-Gen Pharma Digital Health Solutions
Globenewswire· 2025-05-05 06:15
Group 1 - Dawn Health has secured EUR 11.5 million in funding from existing investors to scale its platform and product suite for next-generation pharmaceutical digital health solutions [1] - The company has developed a platform tailored for the pharmaceutical industry, which has been adopted by major players like Merck and Novartis [2] - The Dawn Platform enhances patient care and outcomes through advanced capabilities in AI, data analytics, and clinical integrations, supporting therapy companions and disease management programs [3] Group 2 - The CEO of Dawn Health emphasized the ambition to lead in digital health and improve patient lives globally, with the new funding aimed at expanding market reach [4] - Since a major investment in December 2021, Dawn Health has significantly increased its revenue and workforce, now employing over 100 people [5] - Dawn Health specializes in Software as a Medical Device (SaMD) and Digital Therapeutics (DTx), focusing on chronic conditions and patient-centric solutions [6]
PAVmed to Hold a Business Update Conference Call and Webcast on May 15, 2025
Prnewswire· 2025-05-01 12:31
Company Overview - PAVmed Inc. is a diversified commercial-stage medical technology company operating in the medical device, diagnostics, and digital health sectors [4] - The company has two subsidiaries: Lucid Diagnostics, which focuses on cancer prevention diagnostics, and Veris Health, which enhances personalized cancer care through remote patient monitoring [4] Upcoming Conference Call - PAVmed will host a business update conference call and webcast on May 15, 2025, at 8:30 AM ET [1] - The call will feature Lishan Aklog, M.D., providing an overview of the company's operations and growth strategy, and Dennis McGrath discussing the first quarter 2025 financial results [1] Access Information - The webcast will be available on the investor relations section of the company's website [2] - U.S.-based callers can join the conference call by dialing 1-800-836-8184, while international listeners should dial 1-646-357-8785 [2] Replay Availability - A replay of the conference call will be available for 30 days on the investor relations section of the company's website [3]
Annual report and financial statements for the year ended 31 December 2024
Globenewswire· 2025-04-29 06:00
Core Viewpoint - Octopus Titan VCT plc reported a disappointing total return of -14.1% for the year ending December 31, 2024, with net assets decreasing to £831 million, primarily due to company-specific performance issues and challenging market conditions [3][4][27]. Financial Summary - Net assets decreased from £993.74 million in 2023 to £831.358 million in 2024 [2]. - Loss after tax for the year was £147.649 million, slightly improved from £149.499 million in the previous year [2]. - NAV per share fell from 62.4p in 2023 to 50.5p in 2024, reflecting a decrease of 8.8p per share [2][3]. - Total value per share decreased from 164.4p in 2023 to 155.6p in 2024 [2][7]. - Total return per share was -8.8p, translating to a total return percentage of -14.1% for the year [2][7]. - Dividends paid in 2024 totaled 3.1p, down from 5.0p in 2023, resulting in a dividend yield of 5.0% [2][13]. Performance Analysis - The decline in NAV was attributed to underperformance of portfolio companies, particularly Pelago, Many Pets, and Big Health, which collectively accounted for about one-third of the total NAV decline [4][48][49]. - The five-year tax-free annual compound return for shareholders is now -3.5%, and since the high watermark at December 31, 2021, the total return per share has decreased by 39.8% [5][27]. - The company utilized £137 million of cash resources during the year, with £30 million allocated to new and follow-on investments [6]. Strategic Review - A strategic review was initiated in September 2024 to address performance challenges and develop a plan for future sustainability and improved performance [10][30]. - The review includes an analysis of historical investment performance, sustainability, future investment strategy, and team structure [10][34]. - The Board is considering feedback from a shareholder survey indicating significant dissatisfaction with past performance and capital growth opportunities [10][71]. Portfolio Management - The portfolio consists of over 135 companies, with 42% not expecting further funding needs, increasing to 67% when including those with more than 12 months' cash runway [29]. - In 2024, Titan completed 8 new investments and 14 follow-on investments totaling £30 million [68]. - The company returned £29 million in cash proceeds from exits during the year, which was below the level achieved in 2023 [28][56]. Governance and Management Changes - Erin Platts was appointed as the new CEO of Octopus Ventures in January 2025, bringing extensive experience from her previous role at HSBC Innovation Banking UK [41][42]. - The Board has acknowledged the turnover in the Octopus Ventures team and is assessing the team structure and culture as part of the ongoing strategic review [23][30].
DarioHealth Announces CFO Transition
Prnewswire· 2025-04-21 12:30
Company Leadership Transition - DarioHealth Corp. announced the retirement of Chief Financial Officer Zvi Ben-David, effective May 15, 2025 [1][2] - Chen Franco-Yehuda has been appointed as the new Chief Financial Officer, Treasurer, and Secretary, set to assume the role upon Mr. Ben-David's retirement [2][3] - Mr. Ben-David will assist the company in an advisory capacity until the end of June 2025 to ensure a smooth transition [2] New CFO's Background - Chen Franco-Yehuda brings extensive financial leadership experience, particularly in corporate finance, capital markets, and strategic growth initiatives [3] - She previously served as CFO at Pluri Inc., where she led financial strategy and secured substantial capital through various fundraising rounds [4] - Franco-Yehuda has a background as an Audit/Assurance Manager at PwC and is a licensed CPA in Israel [5] Company Growth and Strategy - Under Mr. Ben-David's leadership, DarioHealth transformed from a single-condition solution provider to a comprehensive multi-condition digital health platform [6] - The company has expanded its offerings across various health conditions, including diabetes, hypertension, mental health, weight management, and musculoskeletal care [6] - DarioHealth aims to leverage Franco-Yehuda's expertise to continue driving innovation and growth in the digital health sector [6][7]
iRhythm Technologies to Report First Quarter 2025 Financial Results on May 1, 2025
Globenewswire· 2025-04-17 20:30
Core Viewpoint - iRhythm Technologies, Inc. will release its financial results for Q1 2025 on May 1, 2025, followed by a conference call to discuss the results [1]. Company Overview - iRhythm Technologies is a leading digital health care company focused on creating solutions that detect, predict, and prevent disease [3]. - The company utilizes wearable biosensors and cloud-based data analytics combined with proprietary algorithms to transform data from millions of heartbeats into clinically actionable information [3]. - iRhythm's vision emphasizes improving patient care through better data, insights, and health outcomes [3]. Conference Call Details - The conference call will begin at 1:30 p.m. PT / 4:30 p.m. ET on the same day as the financial results release [1]. - Interested parties can access a live and archived webcast of the conference call on the company's investor website [2].
DarioHealth Collaborates with Leading National Benefit Plan Administrator to Offer Cardiometabolic Solution including a GLP-1 Support Program to Employers
Prnewswire· 2025-04-17 12:30
Core Insights - DarioHealth Corp. has formed a strategic partnership with a leading benefit administrator to provide a comprehensive cardiometabolic solution, which includes a GLP-1 support program and an AI-driven digital health suite, contributing to recurring revenues since January 2025 [1][2][4] - The partnership aims to address rising healthcare costs associated with metabolic conditions, particularly focusing on the demand for effective GLP-1 medication support [2][4] - Dario's approach includes a complete lifecycle management solution that supports members from medication initiation to long-term weight maintenance, addressing the challenge of medication discontinuation [3][4] Company Overview - DarioHealth Corp. is a leader in the digital health market, offering a user-centric platform for managing chronic conditions through personalized interventions driven by data analytics [5][6] - The company's platform aims to disrupt traditional episodic healthcare by providing continuous and customized care, promoting sustainable behavior change [6][7] Market Potential - The GLP-1 market is projected to grow to $100 billion by 2030, while the broader cardiometabolic disease market is expected to exceed $1.2 trillion by 2033 [3][4] - Research indicates that without proper behavioral support, 50-75% of patients discontinue GLP-1 medications within one year, highlighting the need for effective management solutions [3]
Digital health startup Transcarent takes Accolade private in $621 million deal
CNBC· 2025-04-08 13:55
Core Insights - Transcarent has completed the acquisition of Accolade for approximately $621 million, enhancing its digital health offerings [1][2] - Accolade shareholders received $7.03 per share in cash, and the company's stock will no longer be traded on Nasdaq [2] - Transcarent aims to create a new health and care experience by integrating Accolade's capabilities, emphasizing the benefits of their combined resources [3] Company Overview - Transcarent provides at-risk pricing models to self-insured employers, facilitating quick access to care and benefits navigation for employees [3] - As of May, Transcarent has raised around $450 million, achieving a valuation of $2.2 billion [3] - The company was recognized on CNBC's Disruptor 50 list last year, highlighting its innovative approach in the digital health sector [3]
Top U.S. Healthcare Institution Deploys DarioHealth's Full Suite, Contributing to 2025 Revenue Growth and Market Expansion
Prnewswire· 2025-04-08 12:30
Core Insights - DarioHealth Corp. has signed a partnership with a major healthcare employer, enhancing its growth trajectory in 2025 and solidifying its leadership in AI-driven digital health solutions for chronic condition management [1][3] - The partnership is already generating recurring revenue and reflects a shift among employers towards data-driven health solutions that demonstrate measurable outcomes and ROI [1][3][4] Company Overview - DarioHealth is a leader in the digital health market, offering a comprehensive platform for managing chronic conditions through personalized, data-driven interventions [5] - The company's solutions include Dario Health, Dario Mind, and Dario Move, targeting conditions such as diabetes, hypertension, weight management, musculoskeletal pain, and behavioral health [2][5] Market Position - The newly partnered institution is a significant player in U.S. healthcare, indicating Dario's growing influence and trust within the enterprise healthcare segment [3][4] - DarioHealth's engagement rates exceed industry averages, with early outcomes showing notable reductions in A1c levels, blood pressure, and musculoskeletal pain, alongside improvements in mental well-being [4] Strategic Direction - The partnership signifies a trend where leading organizations are moving away from generic wellness apps towards scalable, clinically integrated platforms that provide real-world results [3][4] - DarioHealth aims to establish partnerships with leading healthcare systems as a marker of trust and reliability in the digital health sector [4][8]
Biotricity Recognized by Financial Times as One of 2025's Fastest-Growing Companies in the Americas, Growing 256.4% Over the Period Analyzed
Newsfilter· 2025-04-08 12:15
Core Insights - Biotricity Inc. has been recognized as one of The Americas' Fastest-Growing Companies 2025 by the Financial Times, achieving a remarkable growth rate of 256.4% during challenging global conditions [1][2][3] Company Performance - The evaluation by the Financial Times, in collaboration with Statista, focused on independent companies across the Americas based on revenue growth from 2020 to 2023, amidst significant economic challenges such as the COVID-19 pandemic and supply chain disruptions [2] - Biotricity's growth is attributed to the increasing demand for smart remote monitoring solutions, addressing the needs of over 100 million Americans who face barriers to essential healthcare services [3] Innovation and Market Position - Biotricity is at the forefront of transforming healthcare with proprietary technologies that enhance continuous remote monitoring for high-risk cardiac patients, enabling medical providers to deliver faster interventions and improve patient outcomes [3] - The company's mission to revolutionize chronic care management, particularly in the cardiac sector, is gaining momentum, as highlighted by the recognition from the Financial Times [4]