Business

Led by Nour Nouf Ventures, the round will be dedicated to scaling, plus research and development efforts, the startup announced.

Also: Amwell misses revenue expectations and Babylon Health grows 371% year-over-year. 

The Series B brings the company’s total raise to $71 million.

Also: Remote patient monitoring platform HealthSnap brings in $5 million, and behavioral health-focused Videra Health raises a $3 million seed round.

The European Institute for Innovation and Technology (EIT) Health has announced the acquisition of one of its supported startups PhagoMed GmbH, by BioNTech SE, in a bid to find new and alternative solutions to antibiotics that are losing effectiveness.

This new funding round brings the company's total raise to roughly $62.5 million. 

The clinical trial results will be used to expand Viome’s mRNA platform, which in May received FDA breakthrough device designation for identifying early signs of oral and throat cancers.

The industrial giant plans to retain a stake of almost 20% in GE Healthcare.

Cue received emergency use authorization for its at-home COVID-19 test in March and went public in September.

The new funding round brings the company's valuation to $4.6 billion.