Life Sciences

The study will accumulate objective lifestyle data from around 2,000 participants. 

They aim to bring down the period and costs for new drug development.

Also: Nurse practitioner support startup Greater Good Health raises $10 million, and care coordination platform ThoroughCare scoops up $3 million.

Also: Precision oncology platform OncoHost scores $35 million, home care startup Reverence emerges from stealth with $9.5 million and pediatric behavioral health startup Handspring Health completes a $6.2 million seed round.

The companies said their long-term goal is to develop and offer more digital health tools "through a multi-partner ecosystem" as well as advocate for reimbursement options.

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 round included a strategic investment from pharma giant Gilead Sciences to expand their partnership for decentralized and hybrid trials.

Also: Imagene AI raises $21.5 million across two rounds for precision cancer care, and Capable Health scores $6 million in seed funding to help providers build healthcare apps.

In one large-scale study, mean engagement with the app lasted only 4.1 days.

The company aims to help the self-testing market grow by licensing its core technology for transforming smartphones into IVD devices.