That list also includes companies Oscar Health, ZocDoc, Clover Health, One Medical, Calm, Tempus, 23andMe and Hims, CB Insights reported.Proteus develops ingestible sensors and a wearable sensor patch to track medication-taking behavior.The company commercialized a service offering called Proteus Discover, a digital medicine solution that connects drug ingestions to outcomes and is designed to enable patients to engage in their own healthcare, be rapidly assessed and treated to goal.In May, Proteus announced a multiyear, outcomes-based initiative with Tennessee’s Medicaid program, TennCare.In a statement emailed to Fierce Healthcare, the company said, "Filing for bankruptcy protection allows Proteus to continue its sales process in a more concerted and efficient manner while continuing to run the business as usual.
Proteus Digital Health, maker of an ingestible sensor for tracking medication adherence, filed for Chapter 11 bankruptcy protection yesterday. Proteus Digital Health, maker of a "smart pill," filed for Chapter 11 bankruptcy protection Monday.The Silicon Valley company, which was founded in 2001, was valued at one point at $1.5 billion, according to The company was considered one of the first digital health "unicorns," or global VC-backed digital health startup companies valued at $1 billion or more.
The company, which makes digestible sensors and wearable patches to track if … The Redwood City, CA-based company, which develops digital solutions for medication adherence, had been struggling to raise financing. Evans said at the time. The bill for $100 billion in advance Medicare payments is coming due on Aug. 1 for some providers, some of which are still struggling due to COVID-19.A federal appeals court ruled HHS has the legal authority to cut 340B drug payment rates by nearly 30%, dealing another legal blow to hospitals.Enclose phrases in quotes. Since inception, Proteus relied primarily on equity capital and advances under its agreements with Otsuka Pharmaceutical, a Japanese company, to finance its operations. The latest news in digital health delivered daily to your inbox. Proteus Digital Health General Information Description. Bill Evans, managing director of digital health venture fund and research group Rock Health, “Proteus may have picked [a] therapeutic area with a degree of difficulty that’s an eight or nine out of 10, right?" Proteus Digital Health, maker of a "smart pill," filed for Chapter 11 bankruptcy protection Monday.
A free inside look at company reviews and salaries posted anonymously by employees. "We want to make it clear that this development is not expected to have an impact on our digital medicine program. Digital health, which includes digital care programs, is the convergence of digital technologies with health, healthcare, living, and society to enhance the efficiency of healthcare delivery and make medicine more personalized and precise. Andrew Thompson, the former president and CEO, and now listed as co-founder on the company's website.Perkins has 20 years of management consulting and advisory experience with distressed companies or companies undergoing transition, he stated in the declaration.Leading up to the fourth quarter of 2019, Proteus experienced a "severe liquidity crisis" while attempting to resolve certain issues with Otsuka in connection with the development deal.In May, the company brought in an investment bank to help Proteus secure funds or get acquired.Just in the past week, Otsuka and Proteus have discussed a potential transaction that could serve as a "stalking horse bid" in a Chapter 11 sale process, Perkins said in the court documents.At one point, Proteus had more than 300 employees, according to Pitchbook.
Learn on-demand, earn credit, find products and solutions. Proteus Digital Health, maker of an ingestible sensor for tracking medication adherence, The news comes months after word that the company had The "smart pill" maker indicated in the filing that it has between $100 million and $500 million in estimated assets, and between $50 million and $100 million in estimated liabilities. The news comes months after word that the company had furloughed much of its staff, reassessed its high-profile partnership with Otsuka Pharmaceutical and shifted away from its primary focus area of mental disorder treatment. Digital health is a multi-disciplinary domain involving many stakeholders, including clinicians, researchers and scientists with a wide range of expertise in healthcare, engineering, social sciences, public health, National digital programs exist to support healthcare, such as those of In the United Kingdom, the National Health Service (NHS) has commissioned a report on how to integrate digital healthcare technologies into the next generation of medicine.On the other hand, the implementation of these innovations has also brought to light societal risks and regulatory needs, which are certainly challenging the current governance structures in the health sector. "The company's business remains almost entirely in the "pre-revenue" stage of development, according to the motion filed Tuesday.