Mayo Clinic Backs Software To Bring Cancer-Fighting Gene Therapies To Market

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By Jonathan Shieber, TechCrunch

“Behind the incredible process of developing targeted gene therapies to fight diseases like cancer lies an incredibly mundane problem that prevents these treatments from getting to patients — paperwork and procedures.

While $5.7 billion was invested in companies developing cellular and genetic therapies, and with 800 clinical trials initiated worldwide and the first two CAR-T cell therapies expected to launch into market later this year, businesses still say the ability to get these treatments to patients is limited by paperwork, supply chain management, and last mile delivery.

So GE (through its GE Ventures arm), the Mayo Clinic (through Mayo Clinic Ventures) and the venture investment firm DFJ have invested $13.75 million to back Vineti — a software platform the companies are billing as a solution to gene therapy’s supply chain problem.”

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U of M Digital Health Spinoff Developing Game-Based App to Reduce Snoring

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By Don Jacobson, Twin Cities Business

“A digital health startup newly spun off from University of Minnesota research wants to help users of its smartphone app sleep better through a novel, “gamified” therapy program which it says has been shown to reduce snoring.

The company, Soundly, was co-founded last year by a trio U-connected researchers, including two “Innovation Fellows” at the school’s Medical Devices Center and a U of M sleep health physician.”

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Jamison Rice Joins ABILITY Network As EVP and CFO

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Via News Release

“MINNEAPOLIS, June 19, 2017 — ABILITY® Network, a leading healthcare information technology company, announced today that Jamison (Jamie) Rice has joined the company as executive vice president and chief financial officer (CFO). In this role Rice will have accountability for leading the company’s Finance, Strategy and Corporate Development functions to advance the long-term growth strategy for ABILITY.”

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Optum’s VC Arm Backs Mobile Data Startup Mindstrong Health

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Via PE Hub

“Palo Alto, California-based Mindstrong Health, a diagnosis startup, has raised $14 million in funding. Foresite Capital and ARCH Venture Partners led the round with participation from other investors that included Optum Ventures, Berggruen Holdings and the One Mind Brain Health Impact Fund.”

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Minneapolis-HQ Upstream Joins $8.5M Round For Seattle HealthTech Startup

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By Bernie Monegain, HealthcareIT News

Xealth, which offers a cloud-based technology that enables physicians and clinicians to prescribe customized digital healthcare content, such as exercise programs, educational videos, apps and services, has received $8.5 million in new funding.

Xealth, which is already in use at Seattle-based Providence Health and at UPMC in Pittsburgh, has financial backing from DFJ Venture Capital and UPMC as well as from Minnesota’s Hennepin Healthcare System [Upstream Health Innovations] and Froedtert Health in Wisconsin. All four health systems are Epic shops.”

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Bright Health Raises $160m Series B Funding Round

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Via News Release

“MINNEAPOLIS & NEW YORK —  Consumer-driven healthcare company Bright Health announced today it has raised $160 million in a Series B funding round led by Greenspring Associates and joined by new investors Greycroft Partners, Redpoint Ventures and Cross Creek Advisors. Existing lead investor New Enterprise Associates (NEA), as well as Bessemer Venture Partners and Flare Capital Partners also participated in the round. Bright Health will use the funding to fuel growth and support its mission to transform the healthcare system through its Care Partnership model.”

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