Medical device startups are more frequently crowdfunding, asking consumers to fund the development of their devices. But this creates a legal grey area - because the companies are selling products before they achieve FDA clearance.
A collaboration between Curious and OURA ring will use the wearable to seek answers to crowdsourced questions on sleep after fulfilling its Kickstarter campaign goal.
A new data security company called Cloud-Clout launched Thursday on Kickstarter with some pretty bold claims about cloud security.
Access to capital and liquidity are two of the fundamental building blocks for innovation and a healthy economy. In passing Regulation A+, the SEC has created the most favorable regulatory environment for early stage capital investment in generations. The new facilitators of capital deployment and liquidity will be equity investment platforms, further democratizing capital by leveraging technology and more specifically, the Internet.
A new SEC rule change will allow startups to crowdfund for much, much larger sums of money. What does this mean for the life sciences industry? Consider this scenario: You’re an early stage biotech, in an orphan field that has an active and passionate patient advocacy base. They aren’t wealthy, but they’re willing to invest. A handful […]
Biotechs may be flush with cash, thanks to the ol’ bullish IPO market and an uptick in venture funding. But startups remain on the lookout for alternative funding models – with crowdsourcing front and center. This makes British biotech startup Cell Therapy particularly interesting, it just raised £689,246 – or a bit over $1 million – to launch a stem cell therapy […]
A specialty drug is a class of prescription medications used to treat complex, chronic or rare medical conditions. Although this classification was originally intended to define the treatment of rare, also termed “orphan” diseases, affecting fewer than 200,000 people in the US, more recently, specialty drugs have emerged as the cornerstone of treatment for chronic and complex diseases such as cancer, autoimmune conditions, diabetes, hepatitis C, and HIV/AIDS.
Several companies, most notably Glooko and Dexcom have developed different approaches to de-siloing diabetics’ blood-glucose level readings from glucose meters to mobile devices to make it easier for patients and their loved ones to track that data. But are they cute? Diabeto thinks not. It’s amped up the cute factor for these products with its […]
As I mentioned last week, my family lost several people this year. As I result, I have done a lot of house cleaning – purging, throwing away, donating, and reorganizing. This has really changed my perspective on gift giving, as we move into the frenzy of the holidays. I have always been a fan of […]
Chai Biotechnologies has developed an open-sourced model of the the real-time PCR machine – updating the traditional DNA-duplication model by spitting out data.It’s crowdsourcing for funding on Kickstarter – and it’s performing remarkably well. The company’s raised an impressive $93,762 as of this post’s publishing, exceeding its $50,000 for the Open qPCR goal with nearly a month to […]
Palo Alto biotech Gardedam Therapeutics is taking the crowdfunding route to raise $195,000 funding for its Parkinson’s and Alzheimer’s disease drug candidate. And it’s offering up perks like personal lab tours in Cambridge or Budapest, or the opportunity to rename a lead drug candidate to the donors that pony up more than $50,000. Donors at the […]
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Researcher Erica Ollmann Saphire is getting sent Ebola samples faster than she can process them at her Scripps Research Institute lab, the San Diego Union-Tribune reports, so she’s turned to crowdfunding to raise the $100,000 she needs to buy better instruments. Saphire’s behind the global consortium of researchers that developed the experimental ZMapp serum, the drug […]
British startup Andiamo is in the midst of a crowdfunding effort on Indiegogo to develop 3D-printed, custom orthotics for disabled children. It’s working toward a £60,000 – or $100,000(ish) goal – by Oct. 20. The idea here is to reduce wait times from six months to just a few days for back braces, hand splints and ankle-foot […]
Gaming in healthcare has a new supporter in funnyman Will Ferrell, who’s the face of a new crowdfunding campaign to raise money for a charity that provides video games to children with cancer. Ferrell’s offering up the chance to win a one-on-one gaming session that will be broadcast live on video platform Twitch in exchange […]
The big trend in the sleep tracking sector is to make these devices less invasive. What’s less invasive than a watch or a clip-on wearable for your jammies? How about an aesthetically pleasing device with a cord that clips onto a pillow? That’s the design approach for Thiel Fellow James Proud’s company Hello Inc. It’s […]
There’s a panoply of alternative funding streams for healthcare startups out there — fledgling companies are seeking out avenues like prepaid revenue models, grant funding in lieu of venture capital, and the ever-popular crowdfunding approach. The outcomes can be a mixed bag, however, said a panel of speakers at MedCity News’ CONVERGE conference in Philadelphia today. Many corporations […]
