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In a post on LinkedIn, Color CEO Othman Laraki said the company would focus on its core lines of business, including testing and telehealth infrastructure for government programs, and its prevention tools for employers and healthcare purchasers.
The funds will be used to open new clinics in the U.S.
Scott Loughlin, partner at Hogan Lovells, discusses the Federal Trade Commission's recent enforcement action against GoodRx and what digital health companies should learn from the case.
Also, Remidio receives a CE mark for its AI tool for detecting referable diabetic retinopathy.
Also, EpiSoft announces the integration of its cancer management platform with My Health Record.
In a proposed order, the online therapy company would also pay $7.8 million for allegedly sharing consumer data with third parties like Facebook and Snapchat for advertising purposes.
Drug-discovery platform TandemAI, sleep-care platform BetterNight, health-monitoring system Xandar Kardian and AR/VR platform Healium also announced funding rounds.
The multinational pharma company will access Tempus' AI-enabled data library to further therapeutic development and advance its portfolio in oncology.
The digital health company reported $184.1 million in revenue for Q4, a 14% decline from the same period in 2021.
The wearable uses its motion sensors to determine if the user has taken a hard fall and can contact emergency services if they don't respond.