Invitae, a medical genetic testing company, has filed for Chapter 11 bankruptcy and intends to continue the case without disrupting operations using cash on hand and while seeking to sell its business.
The San Francisco-based company is seeking approval from the U.S. Bankruptcy Court for the District of New Jersey to use its cash on hand to fund the case.
In its bankruptcy petition, the...
Chronic care management platform Thirty Madison has acquired the assets of online birth control pharmacy The Pill Club following the company's bankruptcy in April.
New York-based Thirty Madison purchased over 100,000 patient files from the bankrupt company for $32.3 million, according to Axios.
Thirty Madison said that thanks to its strategic asset purchase, the company will ensure continuity...
Editor's note: This story has been updated with additional information from a filing with the Securities and Exchange Commission.
Pear Therapeutics, maker of prescription digital therapeutics, announced today that it has filed for Chapter 11 bankruptcy and is seeking a sale of its business or assets.
The company will continue its scaled-down operations during Chapter 11 as it seeks a sale, and...
Lucira Health announced it filed for Chapter 11 bankruptcy last week just as the diagnostics company received Emergency Use Authorization from the FDA for an at-home combination COVID-19 and flu test.
In the company's bankruptcy filing, it lists about $146 million in assets and liabilities of around $85 million. Lucira plans to use approximately $4.5 million cash on hand to fund operations as it...
Update: This story has been updated with additional information from Carré Technologies.
OMSignal, a Canadian digital health startup that helped to pioneer the smart clothing space, is out of business as of February 2019, MobiHealthNews has learned. The company declared bankruptcy and sold some of its patents to Honeywell Safety Products.
According to a notice published by PricewaterhouseCoopers...
In the newest episode of HIMSSCast, MobiHealthNews founding editor Brian Dolan, now founder and lead writer at Exits and Outcomes, joins the host, Jonah Comstock, Managing Editor Laura Lovett and Associate Editor Dave Muoio for a bit of a post-mortem on Proteus Digital Health, the sensor-enabled pill company that filed for Chapter 11 bankruptcy protection last week.
More related to this...
Proteus Digital Health, maker of an ingestible sensor for tracking medication adherence, filed for Chapter 11 bankruptcy protection yesterday.
The news comes months after word that the company had furloughed much of its staff, reassessed its high-profile partnership with Otsuka Pharmaceutical and shifted away from its primary focus area of mental disorder treatment.
The "smart pill" maker...
Sotera Wireless, one of the earliest stalwarts of the digital health space, filed for Chapter 11 bankruptcy last week in a Southern California court, saying that it did not have enough funds to pay a wide range of debts. Mass Device first broke the news.
The company said in a filing that it has about $2.4 million in cash and owes more than $13 million to creditors, including Silicon Valley Bank...
About two weeks after reports of it shutting down surfaced, HealthSpot, which offered telemedicine kiosks for workplace and retail locations, has filed for Chapter 7 bankruptcy liquidation, according to a report in Columbia Business First.
“There were some positive events in the operation of the business, but the company simply did not have enough cash flow to continue to operate and continue to...
