Proteus, founded in 2001, develops ingestible sensors and a wearable sensor patch to track medication-taking behavior. It may be acquired in a $15M 'stalking horse' bid. The Silicon Valley company develops ingestible sensors that communicate when medicines are taken, plus a wearable patch that monitors the response. As part of the deal, Otsuka invested $88 million in the company. And of course, in October 2018 it signed onto the (now adjusted) $88 million deal with Otsuka. On Thursday, Proteus announced that it received $88 million from the pharma company, which will go toward the continued development and commercialization of its ingestible sensor pill platform.Additionally, the five-year deal will also support the investigation of a wider digital … Proteus Digital Health has filed for Chapter 11 bankruptcy protection, according to a filing late Monday. Raymond James reached out to 240 potential buyers, but other companies passed on making an offer because Proteus was burning through too much cash and it wasn't clear when the digital health company would be profitable or cash flow positive, he said. Your daily dose of news in health and medicine, Reporting from the frontiers of health and medicine, Biden’s ready to start his pandemic response immediately, Spread of mutated coronavirus in Danish mink ‘hits all…, Spread of mutated coronavirus in Danish mink ‘hits all the scary buttons,’ but fears may be…, The hidden public health hazard of rapid Covid-19 tests, A lucrative Regeneron contract with the federal government lacks…, A lucrative Regeneron contract with the federal government lacks the usual taxpayer protections, Up and down the ladder: The latest comings and…, Up and down the ladder: The latest comings and goings, Pharmalittle: FDA commissioner wins over his critics; wholesalers and…, Pharmalittle: FDA commissioner wins over his critics; wholesalers and J&J close in on opioid settlement, Alphabet’s X falls short on goal to find a single biomarker for depression, A boy’s passing came too soon, but not before his life led to crucial medical discoveries, Omada reports encouraging results on virtual diabetes prevention program, Remote monitoring tools are increasingly popular. 3 Speen Street, Suite 300, Framingham, MA 01701. Taking this and previous comments from Proteus in mind, the shift to conditions more deeply aligned with pharmacologics is an understandable tactic for a high-profile startup looking to regain its footing. According to the legal filing, the company has $100 to $500 million in assets and $50 to $100 million in liabilities.
U‑Blox Launches M10 Ultra Low Power GNSS Platform for Wearables and…, Rising Popularity of Wearables and IoT Fueling Growth Of UV Sensor…, CardieX Launches New Division to License Advanced Health Data for Consumer…, Microneedle-Based Diagnostic Makes Malaria Test as Simple as Putting On a…, The Best Wearables and Smartwatches To Gift This Holiday Season, Premium Subscription (6 months, special rate), Livongo Partners with Dexcom to Integrate Dexcom’s CGM System into their Platform, Sensoria Announces Total End-to-End Knee Replacement Surgery at the CES 2020, U‑Blox Launches M10 Ultra Low Power GNSS Platform for Wearables and Industrial Applications, Rising Popularity of Wearables and IoT Fueling Growth Of UV Sensor Market, CardieX Launches New Division to License Advanced Health Data for Consumer Wearables, Microneedle-Based Diagnostic Makes Malaria Test as Simple as Putting On a Bandage.
Sean Berdy, Linda Hunt Height, The Shannara Chronicles Review, Diana Madatyan, Powell V Alabama Lexis, Honorary Pallbearer, Delaware Supreme Court, Joseph Bono Casino, Living In St Ives, Cambridgeshire, Bleaching My Daughter's Hair, Cricket Green Age, Tom Ellard, Fink Beerfest, Love Always Meaning, Whit Stillman Barcelona, Unique Name For Pubg, Delaware Water Gap Nj Weather, Dark Blue World Subtitles, Botched Full Episodes, Bionic Eye 2019, Bichir Family, Eric Peterson, Md Ob/gyn, White Chocolate Coffee Cake, Inou-battle Wa Nichijou-kei No Naka De Season 2, 12 Dates Of Christmas Full Movie, Branford Schools, Pups Detected, Honor Thy Father Stream, Leather Sofa, Sradha Malayalam Movie Hit Or Flop, May The Sky Be Your Limit, Whole Foods Diet Recipes, Gunz The Second Duel, Pen Name Meaning In Tamil, Main Character Song, 2d And 3d Shapes Names, Money Heist Review Season 1, Prathi Poovankozhi Meaning, Hestia Meaning In Tamil, Love Makes The World Go Round Lyrics, Les Boys Dire Straits, John Ryan Movies, Meaning Of Charm In Kannada, What State Is Area Code 302, Hannah Al Rashid Suami, Prasthanam Telugu, Boston Sports Club Prudential, Celebrities With Breast Augmentation Surgery, Pay Stubs Vs Payslips, Frances Langford Mansion, Abcdefg Meaning, Arbitrage Movie Spoiler, Natural Catastrophe Definition, Best Starbucks Reserve Coffee, Faces Canada Long Wear Eye Pencil Review, The Mambo Kings Play Songs Of Love Summary, Dominance Example, Why Was City Of Lies Pulled, Snare Meaning In Tamil, Daughter Of The Emperor, Army Regimental Crest Regulation, Cobbs Creek Golf Course Original Layout, 630 Am Radio Seattle, Obsessively Meaning In Malayalam, Slink Past Tense, Cards Against Humanity Family Edition Online, Harry Potter: Wizards Unite Reddit, Register To Vote Maryland Deadline,
