Digital health news, funding round up in the prior week; June 26, 2023
Aledade raised $260M; Zocdoc partnered with Elation Health; Eli Lilly acquired Dice
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Reena Jadhav interviews Jeffrey Brewer, Founder CEO of Bigfoot Biomedical who has developed an automated insulin delivery system connected to a smartphone and the cloud, making it easier to take insulin in the safest way possible while cutting costs. In this interview he shares:
1. What motivated him to start Bigfoot Biomedical (his personal story is truly inspiring!)
2. How much money it takes to get through the various stages of approvals for a Class 3 device
3. The secrets to getting through clinical trial approvals and how to work with the FDA
4. The importance for entrepreneurs to demonstrate that they have a working solution to a real problem along with demonstrating cost savings
5. The hardest thing of building a medical device startup and how to find the regulatory help needed
6. Their business model as a service and why its the smartest way of doing it
7. Their path through payors and insurance to consumers
8. His vision for a better life for those with Type 1 diabetes and how they are helping in addressing the $82 billion a year in costs incurred in US and Europe.
Reena Jadhav is a 4 time entrepreneur (Done.com, Conduit, JobFlash, Riiwards), now working on HealerPedia.com, start-up Advisor, and Investor with Valley incubators. Harvard MBA, Summa Cum Laude Wharton Business School.
All author postsAledade raised $260M; Zocdoc partnered with Elation Health; Eli Lilly acquired Dice
Read more...Simple HealthKit and Walmart partnered; Electronic Caregiver raised $95M; Aya bought Flexwise Health
Read more...Alkeus Pharmaceuticals raised $150M; Care.ai partnered with Samsung; DoseSpot bought pVerify
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