Jessica Hagen
Former VA Secretary Dr. David Shulkin discusses how his experiences in healthcare shaped his digital health platform for chronic pain patients.
The company's CEO said the layoffs will help Verily refine its strategy, prioritize its product portfolio and simplify its operating model.
The U.K.-based company will form an advanced clinical trials division offering digital health solutions for each phase of the development process.
Cuban tells MobiHealthNews that MCCPDC is working on adding partnerships with PBMs that "share our mission of cost-plus pricing, transparency and no rebates."
The investment, a mix of equity and debt, will go toward company growth and product development.
The Series D funding round announcement follows CEO Eren Bali's Twitter post on Friday that reported a second round of layoffs affecting more than 200 people.
The funds will help expand the company's deployment of its in-home kidney and polychronic care delivery model and its clinical services.
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 investment will help expand the telepsychiatry platform's reach.
The company’s Intelligent Dialysis Assistant allows patients to undergo dialysis outside a clinic while being remotely supervised by a healthcare professional.