Finance
The deal is expected to close this year.
According to reporting by the Wall Street Journal, CVS is closing in on an agreement to acquire the primary care chain for $10.5 billion including debt.
The telehealth staffing and services startup confirmed it laid off 56 employees. It conducted an earlier round of layoffs over the summer.
The combined company's new offering, Unmind Talk, provides employees with a network of mental health providers and employers with anonymized data about employee wellbeing.
Science 37 said the purchase will improve its clinical trial workflow and data interoperability capabilities.
Amid a device recall and supply chain struggles, the health tech giant said it would cut more jobs by 2025.
The funds will help the company continue to expand into new markets.
The latest reductions mark the third round of job cuts at the company in less than a year.
The cuts affect about 15% of the health data analytics startup's workforce.
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.