Sword Health Valued $2 Billion

22 November 2021, 10:00 WET – Sword Health, a provider of virtual and digital physical therapy, is valued at $2 billion after a funding round led by Sapphire Ventures that saw its valuation increase by more than 18 times since January.

Organon to Acquire Forendo Pharma

JERSEY CITY, N.J. & TURKU, FINLAND – Organon (NYSE: OGN), and Forendo Pharma today announced that the companies have entered into a definitive agreement, under which Organon will acquire Forendo, a clinical-stage drug development company focused on novel treatments in women's health. Forendo is pioneering the science of intracrinology, addressing disease through a novel, tissue-specific approach. Its lead clinical compound is an investigational, potentially first-in-class oral 17β-hydroxysteroid dehydrogenase type 1 (HSD17B1) inhibitor in early clinical development for endometriosis, being evaluated for its potential effect on endometriotic lesions. Endometriosis is a common and chronic condition that affects up to 1 in 10 women of reproductive age, causes abdominal pain and is associated with infertility.

Rejuvenate Biomed raises €15.7 million

Heusden-Zolder, Belgium, Schlieren, Zürich, Switzerland, and Luxembourg, Grand Duchy of Luxembourg, 12 October 2021 – Rejuvenate Biomed NV ('Rejuvenate'), a biomedical company developing novel combination drugs for age-related diseases, today announces a EUR 15.7 million Series B round. The funding is being used to accelerate the clinical development of Rejuvenate's lead candidate RJx-01 in both acute and chronic sarcopenia (disuse-induced and age-related muscle failure).

OncoDNA and SOPHiA GENETICS

OncoDNA's OncoKDM® clinical interpretation platform to be optimized for the use with SOPHiA DDM™ to match tumor genomic profiles with targeted therapies.

Topas Therapeutics raises $40M series B

Hamburg, July 27, 2021 – Topas Therapeutics GmbH (Topas), a private biotechnology company developing immune tolerance-inducing drugs to treat and potentially cure a variety of autoimmune diseases, today announced that the Company has successfully extended its Series B round with an additional €18 million (~$22 million) raised, bringing the total for this financing to €40 million. All of Topas' existing investors participated in the extension.

SWORD HEALTH raises $85M series C

Now with $135M in funding, SWORD Health is leading the shift of the MSK industry to value-based care

DEARhealth: CE marking to MDR

Amsterdam, June 6, 2021 – DEARhealth, a health tech company focused on AI-powered chronic disease management, today announced that it has obtained certification for ISO 13485 (quality management systems for medical devices) and the certificate of conformity according to the European Union Medical Device Regulation (MDR) as a class IIa medical device for the first release of the DEARhealth patient and care software. With this certification, DEARhealth has demonstrated the ability to build, maintain, and manage the complete lifecycle of a software as a medical device. The CE-mark allows DEARhealth to market its medical software commercially in the European Union.

CatalYm Appoints Dr. Phil L’Huillier as CEO

Munich, Germany, May 4, 2021 – CatalYm GmbH, a biopharmaceutical company developing novel cancer immunotherapies, today announced the appointment of Dr. Phil L'Huillier as Chief Executive Officer (CEO), effective May 17, 2021. Dr. Phil L'Huillier brings over two decades of experience in executive leadership positions in the pharmaceutical and biotechnology industries, with an outstanding track record of success in the commercial development of businesses and partnerships. His experience reflects an international career in business, science, and academia.

Caresyntax Raises $100 Million

Following impressive 250-percent growth, investment will strengthen technology and expand company's reach

DEARhealth Recruits Senior Executives

The Supervisory Board of DEARhealth B.V. and DEARhealth Inc., a health tech company focused on AI-powered chronic disease management, announces today the appointment of Willem Houck as Chief Executive Officer, effective April 1, 2021. Houck will succeed in that role Daniel Hommes, MD, PhD, Founder of DEARhealth, who will continue to serve as its Chief Medical & Product Officer as the company shifts gears to apply its ground breaking Machine Learning platform to the clinic. On the same date, Reender Beks will assume the CFO role on a fulltime basis.