Shunned by insurers, digital therapeutics startups look for other ways to get paid
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The promise of using apps to treat diseases took a big hit in 2023 after its poster child went bust.
Pear Therapeutics, the first startup to get FDA clearance for a prescription digital therapeutic, filed for bankruptcy in April and sold off its software barely over a year after it went public in a SPAC deal worth $1.6 billion. The decade-old company had struggled to get insurers to cover its treatments.
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