Rock Health’s third quarter update on digital health startup funding revealed a new high. Start-ups raised $673 million, bringing the year-to-date total to $1.522 billion; the previous high for an entire year occurred in 2012, when $1.401 billion was raised. Big raisers included several companies pursuing wireless sensors and companies handling big-data analytics. California is still home to the most deals, with 48; second-place Massachusetts contributed 11. Thirty-four companies used crowd-sourced funding, for a total of $2.1 million.
The Federal Trade Commission is closely monitoring mobile apps that make medical claims, according to FTC Associate Director for Advertising Practices Mary Engle. “[FTC is] concerned about potential to harm...
Read the full article – start your free trial today!
Join thousands of industry professionals who rely on Medtech Insight for daily insights
- Start your 7-day free trial
- Explore trusted news, analysis, and insights
- Access comprehensive global coverage
- Enjoy instant access – no credit card required
Already a subscriber?