A startup offering online eye tests received a $6 million funding in a Series A round to help expand the coverage of its service as well as acquiring more advanced technologies. The company claims that their services are clinically proven and accurate, in addition to being more convenient and affordable.
MindMaze has secured a total of $100 million funds from an early round led by India’s Hinduja Group. MindMaze, which until now is focusing on developing virtual reality interfaces in the healthcare sector aims to form future contracts and service centers, as well as expanding the technology for other uses in the form of gaming, educational and fitness applications.
Honest Co was accused for a fraudulent labeling in its home and personal care products. The plaintiffs claim that more than 40 of its products contained chemical and toxic ingredients.
Clean air shortage in China forces wealthy residents to buy jars of it from a British entrepreneur. The company's name is Aethaer, a Greek word for 'pure, fresh air' and described the product as 'Louis Vuitton or Gucci' of fresh air. Each 580 ml jar of clean, fresh air costs around $115 or £80.
Marijuana sales in Colorado has hit the massive $1 billion mark. After legalization of the cannabis for medicinal and recreational purposes in 2012 the sales has increased by 42 percent over the last year. The state would reportedly use about $35 million of the tax profit for construction of schools.
Walgreens has threatened to pull out of partnership with Theranos following the notice the latter received from the federal authorities regarding deficient medical practices. The drug retailer has given a 30-day ultimatum to its partner to clear their name, or their association gets terminated.
Some states in Australia already legalized medicinal marijuana regionally, but the new bill will allow marijuana to be cultivated and consumed for medical purposes across the country. The bill is highly likely to become a law because it has received huge supports from the authorities and citizens.
Facebook deleted medical marijuana hopepages on Tuesday, without any prior warning. People that relied on the site for updates on the cannibis for medicinal purposes are said to have been greatly affected by the social media giant's initiative.
The France-based pharmaceutical company Sanofi Pasteur has committed to develop Zika virus vaccination in three to five years. The vaccine will be administered mainly in adolescent girls that is yet to involve sexual relationship.
President Barrack Obama seeks an additional $1.1 billion in the face of increasing death rates due to overdoses of heroin and opioids. The Obama administration has already split the amount and categorized them to focus on different aspects like increasing medical-assisted facilities, prescriptions of antidotes, plans for overdose prevention, etc. These facilities are to be rolled out to the rural areas as well.
Stryker just reached an agreement with Sage to acquire the company for $2.76 billion in an all cash agreement. The acquisition is expected to boost Stryker's revenue in the coming years and the company will also enjoy $500 million in tax benefit.
Today, India's largest biotech company announced to have been able to make two vaccines for zika virus. A day before, France's Sanofi Pasteur planned to research on vaccine for the mosquito-borne disease.
Abbott said that it has signed a definitive deal to acquire Alere for a net value of $5.8 billion in cash. Abbott expects the acquisition to be immediately accretive to its earnings per share upon completion.
E.coli outbreak which contaminated nationwide Chipotle restaurants last year will be declared over. However, CDC has not been able to find the source of the outbreak.
KFit, a fitness-sharing platform that based in Kuala Lumpur, has raised a $12 million Series A funding from Sequoia Capital, SIG, and Venturra Capital. The fund will be used to enlarge its services to cities in Asia. Offering a cheaper rate, KFit will compete with its Singaporean rival, GuavaPass.