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Pear Bankruptcy Filing Highlights Difficult Challenges Facing Digital Therapeutics

 
• By Tim Casey and Reed Miller

Pear Therapeutics filed for Chapter 11 bankruptcy in April and sold its remaining assets in an auction for about $6m. The demise of one the pioneers in the prescription digital therapeutics industry highlights the challenges PDT developers face getting their products reimbursed.

Abstract mash line and point Question mark. Business illustration. Polygonal low poly
• Source: Shutterstock

[Editor's Note: A version of this article by Tim Casey originally appeared in In Vivo, Medtech Insight's sister publication, as well as AIS Health’s Health Plan Weeklypublished by Norstella, Medtech Insight'sparent company.]

Prescription digital therapeutics (PDT) companies like Pear Therapeutics, Better Therapeutics and Akili Interactive Labs are facing reimbursement challenges and an investment market that is much less favorable...

Key Takeaways

  • Prescription digital therapeutics (PDTs) companies that went public via SPAC are struggling to stay afloat.

  • The companies and the industry...

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