Finance
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.
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."
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.
The company let go of over 200 people in its second round of layoffs in the past year and plans to shift its focus to its primary care and urgent care services.
The home diagnostics company also cut 170 manufacturing jobs in the summer.
GE HealthCare began trading on Nasdaq as an independent company on Wednesday.