Advertisement Banner
  • Home
  • News
  • Medicine
  • Health Tech
  • Health Living
  • Contact
No Result
View All Result
  • Home
  • News
  • Medicine
  • Health Tech
  • Health Living
  • Contact
No Result
View All Result
HealthNews
No Result
View All Result
Home Medicine

Medication risk analysis company MDI Health raises $20M

February 20, 2023
in Medicine

Source Link: https://www.mobihealthnews.com/news/medication-risk-analysis-company-mdi-health-raises-20m



Healthcare analytics company MDI Health scored $20 million in Series A funding, bringing the company’s total funding to $26 million.

Intel Capital led the round, with participation from Maverick Ventures Israel, alongside existing investors Fresh.Fund, Arc Impact, Hanaco Ventures, Jumpspeed Ventures, former Optum senior vice president Richard Montwill, Welltech Ventures and Basad Ventures.

Yoni Greifman, Intel Capital’s investment director, will join MDI’s board of directors.

WHAT IT DOES

Israel-based MDI offers an AI-enabled tool that provides medication risk analysis based on a patient’s medical records with the aim of preventing adverse drug reactions.

The funds will help the company scale its U.S. and Israeli research and development teams. 

“MDI Health is driven by our mission to help end the preventable suffering of patients caused by an outdated one-size-fits-all approach to medication treatment,” Avishai Ben-Tovim, CEO and cofounder of MDI Health, said in a statement. “The ongoing support and new funding from our investors equips us with the fuel we need to accelerate that mission.”

MARKET SNAPSHOT

Adverse drug reactions are among the leading causes of mortality and morbidity in healthcare, though the numbers of those affected in the U.S. have decreased over the past 25 years.

Another company aimed at decreasing ADRs is Dosis, an AI-powered, cloud-based platform that helps determine a patient’s response to medication and delivers dosage recommendations.



Source link

Advertisement Banner
Previous Post

Support for People of Color

Next Post

Scientists Discover New Malaria-Spreading Mosquito Species In Kenya

Next Post

Scientists Discover New Malaria-Spreading Mosquito Species In Kenya

Discussion about this post

Recommended

AI sytems making you insomniac? Find out, ET HealthWorld

6 months ago

New and Noteworthy: What I Read This Week—Edition 230

5 months ago

Don't Miss

Another Unaccounted Expense of the Flu Vaccine

November 30, 2023

TytoCare scores exclusive partnership with Idaho healthcare system

November 30, 2023

Tackling critical challenges for digital integration and last-mile connectivity, ET HealthWorld

November 30, 2023

New ‘Prescription Tool’ For Postpartum Depression? Study Says Moderate Aerobic Exercise Helps In Prevention, Treatment

November 30, 2023

© Pharma News Hubb All rights reserved.

Use of these names, logos, and brands does not imply endorsement unless specified. By using this site, you agree to the Privacy Policy and Terms & Conditions.

Navigate Site

  • Home
  • News
  • Medicine
  • Health Tech
  • Health Tech
  • Health Living
  • Contact
  • Privacy Policy

Newsletter Sign Up.

No Result
View All Result
  • Home
  • News
  • Medicine
  • Health Tech
  • Health Living
  • Contact

© 2022 Pharma News Hubb All rights reserved.