Private equity firm Aspire Universal and LG Health, have partnered to create a new $300 million fund called the Aspire Ventures Precision Medicine Fund. Each is contributing $15 million to the fund and Aspire is in the process of raising the remainder.
"The term 'precision medicine' has been out there, but it’s really the change in healthcare that’s going on," Essam Abadir, managing partner of...
South Korean technology company LG Electronics has received an FDA 510(k) clearance for something called "LG Smarthealth". The move indicates that LG might be playing catch-up with electronics competitor Samsung, which received a similar clearance for its S Health app last year.
While there is no reference to LG Smarthealth on the company's website, several of LG's G3 smartphones do sport LG...
