Business

Also: EHR Canvas Medical raises $24 million, and virtual cardiac rehab Moving Analytics scores $20 million.

Bicycle Health CEO Ankit Gupta and Medical Director Dr. Brian Clear discuss the treatment landscape for patients with opioid use disorder.

Also, a new online repository of health and wellness knowledge has been launched in India.

The startup announced a $5.5 million Series A raise in May 2021.

Peloton said it's expanding its partnership with Taiwanese company Rexon Industrial Corp., which will become the primary manufacturer of its bike and treadmill products.

The membership-based company seeks to champion technology and eliminate paper-based processes.

The Rock Health report found U.S. digital health startups raised $10.3 billion in the first half of 2022, putting the year on track to fall short of 2021. But there are some bright spots for the sector.

This comes after the health tech startup restructured its business in May.

In a post on LinkedIn, CEO and cofounder Florian Otto said the cuts will allow the company to "adapt to current market realities, and re-organize ourselves for what we want to achieve following last year's acquisition of OODA Health."

A jury found Balwani guilty on all 12 charges he faced, including 10 counts of wire fraud and two counts of conspiracy to commit wire fraud.