DURHAM Two companies both aiming at turning reams of data into useful information for the healthcare and biotech industries have joined forces. Target RWE,
Harness, the startup that wants to create a suite of engineering tools to give every company the kind of technological reach that the biggest companies have, announced an $85 million Series C today on a $1.7 billion valuation. Today’s round comes after 2019’s $60 million Series B, which had a $500 million valuation, showing a […]
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(Reuters) - Target RWE, a privately held company that evaluates the use of drugs in patients in hospitals and other healthcare settings, told Reuters on Thursday it is acquiring peer NoviSci Inc with the backing of the latter’s investor Amgen Inc.
Amgen, a U.S. drugmaker, made a new investment in the combined company, joining Target RWE owners Norwest Venture Partners and 22C Capital. The companies declined to disclose financial terms.
The data that firms such as Target RWE gather is valuable for pharmaceutical companies seeking to expand or refine the types of patients for whom a drug would be beneficial, and also negotiate reimbursement with health insurers. It is also useful for doctors in determining how to prescribe drugs and discovering how diseases progress over time.
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Visa Inc. today abandoned its $5.7 billion acquisition of financial technology startup Plaid Financial Inc. following a lawsuit from the U.S. Department of Justice challenging the deal on antitrust grounds.
The deal was announced in January 2020 and the Justice Department was first reported to be investigating the acquisition in October. The probe resulted in the department announcing in November that it was suing Visa on the grounds that the deal amounts to an attempt to eliminate a nascent competitive threat in violation of both the Sherman Antitrust Act and the Clayton Antitrust Act.
Founded in 2013, Plaid offers a financial application programming interface that connects apps and services with financial services. The company provides the technology that links apps and services such as Transferwise Ltd., Venmo Inc., Robinhood Markets Inc., Betterment LLC and Chime with traditional financial service providers. Although it’s not a household name, one in four people wit
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