Lyfegen raises $8M for value-based contracting platform and extra digital well being fundings


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Lyfegen, which affords a platform for value-based contracting for high-cost medication, introduced it had raised $8 million in Collection A funding.

The spherical was led by aMoon, with participation from APEX Ventures and different buyers. The startup, which is headquartered in Switzerland and the U.S., affords software program that goals to assist pharma corporations, payers, suppliers and medical expertise corporations undertake value-based contracts. It features a library of contracts, instruments to simulate how fashions will work earlier than implementing them, and information assortment to trace efficiency and outcomes.

“We at the moment work with main authorities payers and medical health insurance corporations in Europe, the U.S. and the Center East, and a number of the world’s largest pharma corporations,” Girisha Fernando, CEO and founding father of Lyfegen, mentioned in an announcement.

“Our plan now could be to additional develop our presence within the U.S., partnering with each personal and public healthcare insurance coverage corporations. The transfer away from volume-based healthcare has by no means been extra wanted, and we’re glad to play an necessary position within the shift to value-based contracting.”

Sensible stethoscope firm Eko acquired a $2.7 million grant from the Nationwide Institutes of Well being to develop a machine studying algorithm that detects and classifies pulmonary hypertension.

The Small Enterprise Innovation Analysis (SBIR) Direct Part II grant will go towards an algorithm that makes use of phonocardiogram (PCG) and electrocardiogram (ECG) information collected by Eko’s stethoscopes to search out pulmonary hypertension, or hypertension, that impacts arteries within the lungs and the suitable facet of coronary heart.

Eko has beforehand partnered with Lifespan Well being System’s Cardiovascular Institute to gather real-world PCG and ECG information that might be a part of the algorithm’s improvement. 

“The most important purpose of this research is to find out whether or not an Eko algorithm based mostly on phonocardiography coupled with electrocardiography can determine the presence and severity of pulmonary hypertension when in comparison with the present gold customary,” mentioned Dr. Gaurav Choudhary, principal investigator and director of cardiovascular analysis on the Lifespan Cardiovascular Institute.

“This machine studying algorithm has the potential to be a low value, simply implementable and sustainable medical expertise that assists healthcare professionals in figuring out extra sufferers with pulmonary hypertension.”

Eko mentioned that is their fourth SBIR grant. The corporate just lately acquired FDA 510(okay) clearance for an algorithm that detects and characterizes coronary heart murmurs in grownup and pediatric sufferers.

Halo, which affords a platform that goals to attach corporations and scientists for analysis and improvement, raised $2.6 million in seed funding. 

Contributors within the spherical embrace Uneven Capital Companions, Village International, AirAngels, 23andMe cofounder and CEO Anne Wojcicki, cofounder and CTO of e-mail shopper Superhuman Conrad Irwin, and Rachel Hepworth, head of promoting at organizational software program firm Notion.

The platform permits biopharma, medical machine, shopper items and agriculture corporations to submit requests for proposals for particular wants or open calls round common analysis pursuits. Scientists can then reply with their proposals, and firms can choose researchers for partnerships.

Halo plans to make use of the seed to rent new employees, develop new collaboration options on the platform and develop its community of scientists.

“Collaborating in R&D is simply as a lot about relationships as it’s in regards to the analysis itself. Nevertheless, corporations nonetheless depend on practices that do not scale, like listening to a chat at a convention or studying a journal article. This limits companies to a handful of current relationships and pure happenstance,” Kevin Leland, founder and CEO of Halo, mentioned in an announcement.

“Halo connects company R&D groups immediately with scientists. By way of our platform, we engineer serendipity so corporations can rapidly and simply scout for brand spanking new applied sciences, develop their networks globally and construct relationships with scientists yr spherical.”

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