AstraZeneca doubles down on digital health in its latest collaboration
AstraZeneca is going down the digital health route in its newest deal, focusing on decentralized clinical trials and virtual healthcare.
The UK pharma has teamed up again with digital health firm Huma Therapeutics in a bid to “scale innovation for digital health,” Huma said in a statement early Wednesday.
AstraZeneca put roughly $33 million into the deal, according to a report from CNBC — as the companies have remained mum on other financial specifics. The small company already raised money last year in a Series C to the tune of $130 million — led by Leaps by Bayer and Hitachi Ventures. That funding was to expand its digital platform in the US, Asia and the Middle East. There was an additional commitment of $70 million that can be exercised at a later date.
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