Less than a week ago, Peloton announced it would have a treadmill back on the market by the end of August, following a May recall of its Tread+ and Tread due to a slew of reported injuries and one child death associated with the fitness equipment.
However, an SEC document reveals that connected fitness device company Pelton’s woes are far from over.
The Department of Justice and the U.S....
uBiome cofounders are in hot water after the SEC charged the pair with healthcare fraud conspiracies.
The company first was founded in 2012 and started with direct-to-consumer microbiome testing.
Now cofounders Zachary Schulz Apte and Jessica Sunshine Richman are being tried for a slew of charges, including conspiracy to commit securities fraud, conspiracy to commit healthcare fraud, money...
As America rises to greet the new year, its leaders remain in a funding dispute over border security that has so far resulted in 13 days of a partial government shutdown. While the deadlock is certainly having a prolonged impact on more than 420,000 government employees who are working without pay, and the 380,000-plus who have been furloughed, each passing day threatens greater challenges for...
A new company called LunaDNA has created an avenue for people to donate their health data in exchange for shares in the company. The novel platform seeks to serve the needs of nonprofit and for-profit researchers as well as everyday people willing to share their health data.
“What we aim to do is create a human health database, inclusive of DNA data, clinical, medical, contextual information....
Multiplayer surgeries. Virtual reality surgical training app maker Osso VR today launched a feature that allows multiple surgeons to train and interact within a single VR space. The new functionality can bring team members together for training regardless of physical location, according to a statement, and comes with the other benefits of collaborative, team-based training over solo instruction...
11:06 am
March 15, 2018
The Securities and Exchange Commission has charged Elizabeth Holmes, founder and CEO of scandal-ridden startup Theranos, with “massive fraud.”
Along with former Theranos President Ramesh “Sunny” Balwani, Holmes has been charged with raising over $700 million from investors “through an elaborate, years-long fraud in which they exaggerated or made false statements about the company’s technology,...
Correction: Due to a lack of clarity in the original SEC filing, this article originally overstated Analyte's new funding. The $26.8 million we originally reported included exchanged securities from prior investments into the company.
Analyte Health, a Chicago-based lab networking platform active in telehealth, has raised just over $3 million, according to a recent SEC filing. The document lists...
