Life Sciences

Also: Komodo Health appoints Dr. Aswin Chandrakantan chief operating officer in addition to his role as chief medical officer.

The London-based company most recently raised £5 million in Series A funding in 2020.

The company seeks to grow its network of pharmacies across the region.

The study will accumulate objective lifestyle data from around 2,000 participants. 

They aim to bring down the period and costs for new drug development.

Also: Nurse practitioner support startup Greater Good Health raises $10 million, and care coordination platform ThoroughCare scoops up $3 million.

Also: Precision oncology platform OncoHost scores $35 million, home care startup Reverence emerges from stealth with $9.5 million and pediatric behavioral health startup Handspring Health completes a $6.2 million seed round.

The companies said their long-term goal is to develop and offer more digital health tools "through a multi-partner ecosystem" as well as advocate for reimbursement options.

Under the deal, MedRhythms would receive a $3 million upfront payment and could earn up to $117.5 million if certain milestones are met.

The round included a strategic investment from pharma giant Gilead Sciences to expand their partnership for decentralized and hybrid trials.