Colorado
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Bio Startup Nexo Lands $60M to Climb to New Heights in Cancer Drug R&D
Nexo Therapeutics is developing cancer drugs that expand the scope of amino acids addressable by covalent chemistry. Versant Ventures founded the startup and led its Series A financing.
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Cancer drug biotech Enliven shifts to reverse to move forward as a public company
Enliven Therapeutics’ reverse merger with Imara will form a combined company with $300 million to finance clinical development of new cancer drugs. Its most advanced program is a tyrosine kinase inhibitor for chronic myeloid leukemia.
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Arizona, Colorado HIEs merge
CORHIO and Health Current, based in Colorado and Arizona respectively, have formed a new regional organization. Called Contexture, the organization aims to advance interoperability across state lines, while also driving growth and innovation.
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As new coronavirus strain detected in three states, vaccines fall short
A new variant of SARS-Cov-2 thought to be more transmissible was discovered in Colorado’s eastern plains and San Diego, California. At the same time, federal vaccination rates are lagging far behind projections.
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Remote monitoring startup strikes partnership with UCHealth
BioIntelliSense, a company making sticker-like sensors that can monitor patient vitals, struck a partnership with Colorado health system UCHealth. The company’s technology will be used for preoperative and postoperative care, as well as for caring for patients with chronic conditions.
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Oscar Health charts its largest market expansion yet
All told, the company will be active in 26 markets across 15 states, pending regulatory approval.
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Kaiser net income balloons to $2B, amid impending strike votes
Among Kaiser union workers in California, more than 37,000 ballots were cast in support of a walkout compared to only 867 in opposition.
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Biodesix to buy U.S. lab, lung nodule test from Oncimmune
The deal, which would become effective Nov. 1, is valued at up to $28 million over the next five years. Biodesix will acquire the UK company’s US lab in Kansas.
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Hospitals, Artificial Intelligence
This Colorado hospital is using Qventus’ AI to improve operations
Wheat Ridge, Colorado-based Lutheran Medical Center, which is part of SCL Health, is using Qventus’ technology in the inpatient setting to better coordinate patient discharges.
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Trayt Health Seeks to Increase Access to Diagnoses and Treatments
CEO Malekeh Amini explains how Trayt Health can bridge the gap for patients seeking neurological care.
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UnitedHealth’s $4.3B DaVita Medical acquisition wins conditional FTC approval
The effort by the nation’s largest insurer to become the nation’s largest employer of clinicians received FTC approval with an agreement to divest some of the company’s holdings in the Las Vegas area to address antitrust issues.
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UCHealth leads $15.9M round for prescription decision support startup RxRevu
Other investors in the Series A round included the University of Virginia LVG Venture Fund, Presbyterian Healthcare Services (NM), Inception Health/Froedtert Health, Children’s Hospital Colorado, UnityPoint Health and JAZZ Venture Partners.
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Denver startup DispatchHealth scores $33M for in-home care model
The company will use the funding, which came from investors such as Echo Health Ventures, Alta Partners and Questa Capital, to open additional locations across the country and expand its treatment capabilities.
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Denver startup CirrusMD raises $15M for chat-based virtual care solution
The company will use the funding, which came from investors like Drive Capital, Colorado Impact Fund and others, to drive growth and product innovation.
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Orderly Health is shifting its focus to ensuring provider data accuracy
The Denver, Colorado-based company, which is an alum of Techstars and 500 Startups, is introducing a new solution called OrderlyData, which relies on machine learning to pinpoint errors and repair provider directory data.
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Montefiore St. Luke’s Cornwall implements physician query tool
The goals of the solution, which is from Artifact Health, are to reduce administrative burnout on physicians, improve the quality of patient records and ensure reimbursement for services.