Lilly

The hybrid metabolic care provider will join Eli Lilly’s digital health platform LillyDirect to offer virtual metabolic healthcare nationwide.

San Diego, California-based Companion Medical, a stealthy medical device startup developing a Bluetooth-connected insulin pen and connected app, has closed its second round of funding, led by Eli Lilly and Company.

When it comes to digital health, pharmaceutical companies tend to be slow and cautious, because of the onerous risks they face from the FDA should they improperly market a drug via the internet or mobile channels.