Medicare Advantage insurtech company Clover Health announced it received a notice from NASDAQ stating the company has regained compliance with the minimum bid price requirement of closing at $1 or more per share for at least 10 consecutive days.
The company said that thanks to NASDAQ's notice, it will revisit its plans to effect a reverse stock split and share reduction proposal, as noted in a...
Bright Health has finalized a 1-to-80 reverse stock split to raise its share price above the threshold required to remain on the New York Stock Exchange.
The reverse split raised the company's share price to $13.57 at NYSE's opening on Monday, up from $0.21 at the close on Friday.
On the New York Stock Exchange, a company risks being delisted if its shares don't reach $1 and hold that value for...
Amplify Health absorbs AI firm AiDA
Health tech company Amplify Health, a Singapore-based joint venture between AIA and Discovery Group, has acquired AI solutions provider AiDA Technologies.
Based on a press statement, AiDA, which was founded in 2016, develops proprietary ML technologies that are used to automate underwriting, claims processing, and detect fraud, waste, and abuse.
"The...
LifeSemantics teases pulmonary rehabilitation DTx
South Korean digital health company LifeSemantics is launching its digital therapeutics product that helps with the pulmonary rehabilitation of people with COPD.
The Redpill Breath DTx helps users self-rehabilitate their respiratory functions at home. It monitors their oxygen saturation and walking performance in real time, sends text alerts in...
Singapore-based insurtech Aktivolabs gains $10M in Series A funding
Aktivolabs, a Singaporean health tech startup, has raised $10 million in a Series A funding round led by Mitsui & Co., Adaptive Capital Partners and Enterprise Singapore's investment arm SEEDS Capital. The investing round was also joined by HH Investments and Govin Capital.
Founded in 2017, the company provides individualised...
Singapore-based insurance technology company Igloo has received $27 million in an extended Series B funding round led by InsuResilience Investment Fund II, which is managed by BlueOrchard Finance, along with Women’s World Banking Asset Management, Finnfund, La Maison and Cathay Innovation.
This brings its total proceeds from its Series B round to $46 million. It initially raised $19 million in...
Ideal Life, an insurance technology company in Vietnam, has recently launched its mobile insurtech app.
Called IZIon24, the app allows users to browse and choose from a list of insurance products, purchase and manage their policies, and claim compensation.
With an intuitive interface, it also allows users to compare insurance packages and easily understand each product's purpose and benefits. ...
NEC Thailand tries out digital elderly care system
The Thai unit of Japanese IT and electronics firm NEC Corporation has conducted a proof of concept trial of a digital system for elderly care.
The POC features a range of technological solutions that support healthcare professionals in providing care, rehabilitation and contactless prevention of high-risk incidents in elderly care facilities. ...
Indian insurtech startup Zopper snaps up $75M in Series C funding
Zopper, an insurance tech startup in New Delhi, has raised $75 million in a Series C funding round led by Creaegis. The round was also participated by ICICI Venture, Bessemer Venture Partners, and its existing investor Blume Ventures.
The company operates an API platform for insurance infrastructure and delivers small,...
Korean researchers develop biosensor to measure serotonin levels in real-time
A research team from the Korea Research Institute of Bioscience and Biotechnology has developed a biosensor that can track serotonin levels in real time for the diagnosis of depression.
Depression, which affects over a million South Koreans, is believed to be partly caused by imbalances in the level of neurotransmitters...
