Business
Jonathan Norris, managing director for business development in Silicon Valley Bank's healthcare practice, explains why early-stage investments continued last year even as overall funding fell.
Also, a new AI-powered health supplement app has gone live in South Korea.
The layoffs make up about 6% of the virtual care giant's non-clinician workforce.
The prescription digital therapeutics company will also put non-ADHD products in development on hold to "conserve capital and focus."
Maternity care clinic Oula raised $19.1 million, male fertility startup Posterity Health brought in $7.5 million and AI platform Ferrum Health scooped up $6 million.
The Dallas-based company said the investment brings its valuation to more than $2 billion.
Also, Dozee has received capital backing from British International Investment for its hospital bed upgrade project.
The company's CEO said the layoffs will help Verily refine its strategy, prioritize its product portfolio and simplify its operating model.
The newly spun-off GE HealthCare entered into an agreement to acquire IMACTIS, developer of CT interventional guidance technology.
The U.K.-based company will form an advanced clinical trials division offering digital health solutions for each phase of the development process.