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The clearance represents what could be the world's first regulatory approval of a DTx app for hypertension treatment.
Also: Butterfly Network reports a year-over-year revenue increase of more than 25%, with a $44.5 million net loss, and One Medical announces a significant jump in revenue.
The size of the healthcare industry is attractive to entrepreneurs, but the highly regulated field can be a challenge for startups.
Their first project will involve the use of AI contouring to cut time for planning radiation therapies.
Under the deal, MedRhythms would receive a $3 million upfront payment and could earn up to $117.5 million if certain milestones are met.
The round included a strategic investment from pharma giant Gilead Sciences to expand their partnership for decentralized and hybrid trials.
The company is looking to expand its coverage across China's Greater Bay Area.
Practice management platform PracticeHub goes live with access to medical supplies from Team Medical
Team Medical offers a range of products from medical equipment and surgical instrument to disposables.
The firm plans to expand its chronic disease treatments across more therapeutic areas.
Also: Pediatric behavioral health company Brightline partners with a youth health education nonprofit to develop teen programs, and digital fitness startup FitOn launches courses for seniors and people with chronic conditions.