August 9, 2021 - Fierce Healthcare
Startup Cricket Health scored $83.5 million in fresh capital to fuel its growth as it sees growing demand for its personalized approach to kidney care. The series B funding round was led by Valtruis, which is focused on investing in companies with value-based and health-at-home models. Existing investors Oak HC/FT and Cigna Ventures as well as K2 HealthVentures also participated, and the round included a strategic investment from Blue Shield of California.
August 10, 2021 - Fierce Biotech
The COVID-19 pandemic emphasized the need for quicker clinical trial enrollment and more decentralized studies to assuage safety concerns. Those long-lasting impacts have given investors the confidence to funnel $220 million into Reify Health. The series C is more than seven times the size of Reify's $30 million series B, raised almost exactly one year ago. The massive investment gives Boston-based Reify a $2.2 billion valuation, which is more than double the valuation of hybrid trial company Science 37 through its planned special purpose acquisition merger.
August 11, 2021 - Fierce Pharma
We’re not yet done with the coronavirus pandemic, but you wouldn’t know it from the second-quarter results in the pharma industry. After a tentative first quarter of 2021—attributed to the pandemic and a change of the guard in Washington, D.C.—signs of recovery abound. Over the last few weeks as companies have presented their quarterly numbers, most are telling a different version of the same story. Drug sales are up, with some therapeutic areas rebounding faster than others.
August 13, 2021 - Contact Pharma
Recro Pharma, a contract development and manufacturing organization (CDMO) dedicated to solving complex formulation and manufacturing challenges for companies developing oral solid dose drug products, has acquired the San Diego-CA-based CDMO IRISYS for approximately $50 million. With its acquisition of IRISYS, Recro has transformed itself into a full service CDMO with operations on both the East and West Coast of the U.S.