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MedCity News Canvas Medical raises $17M to rebuild health records for primary care Canvas Medical, a startup looking to build electronic medical records and ancillary tools for primary care systems, raised $17 million in funding. Shares0
Canvas Medical, a startup looking to build a new health record system for primary care practices, raised $17 million in funding. The San Francisco-based startup makes software for charting, population health management and billing, intended to replace practices’ current electronic health record systems (EHR). Inspired Capital and IA Ventures led the funding round, with participation from Irongrey and past investors Upfront and iSeed. The company plans to use the funds to build a less fragmented version of health record systems for primary care doctors, especially when it comes to implementing features for value-based care. ....
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Regeneron, Roche injectable antibody drug shows efficacy in preventing Covid-19 A Regeneron Pharmaceuticals antibody cocktail currently authorized for treating Covid-19 now has additional clinical data showing it reduces the risk of infection spread. The drug developer, along with partner Roche, plan to ask regulators to expand the drug’s authorization to include disease prevention. Shares0 A Covid-19 antibody cocktail developed by Regeneron Pharmaceuticals and Roche has pivotal clinical trial data showing it protected against the spread of infection among people in the same household. The results support use of the drug as a preventative measure in a formulation that’s easier for both physicians and patients. ....
MedCity News Microsoft builds out cloud healthcare business with $19.7B Nuance acquisition Microsoft will buy up healthcare AI partner Nuance for $19.7 billion. Nuance makes speech-recognition tools for clinical documentation, as well as security tools. Shares0 Nuance’s Dragon Ambient eXperience system is installed in a clinic. The voice recognition system automatically populates clinicians’ notes. Photo credit: Nuance
Microsoft is acquiring voice recognition company Nuance Communications as it competes with other cloud companies for a share of the healthcare market. It plans to buy the company for a total of $19.7 billion in an-all cash deal, including Nuance’s debt. The deal was priced at $56 per share, up 23% from Nuance’s closing price on Friday. ....