Boston-based digital therapeutics company Akili Inc. (Nasdaq: AKLI) will lay off 40% of its staff as it shifts away from its legacy prescription digital therapeutic strategy. The company has long contended that its FDA-cleared digital therapeutic could and should be covered under health plans because of the physicians’ role in doling out access to its […]
Akili, Inc. (Nasdaq: AKLI) will lay off 30% of its workforce in a cost-cutting play to extend its cash runway. The Boston-based prescription digital therapeutics company will complete the cuts — impacting 46 employees — by the end of the first quarter, according to an email to staff from Akili CEO and founder Eddie Martucci. […]
Dealmaking has made behavioral health one of the most interesting segments of the health care sector. And 2022 was no exception even after a historic 2021. Behavioral Health Business has identified a handful of deals that caught our eye as we look back at the year that was 2022. Not all of them are big-dollar […]
After years of reimbursement uncertainty, the digital therapeutics industry is beginning to see newfound clarity. Within the last year, digital therapeutics, which are evidence-based treatments delivered through software interventions to treat or manage a condition, have made inroads with both commercial insurers and Medicaid. Earlier this year, state Medicaid programs in Massachusetts and Oklahoma announced […]
Akili Interactive (Nasdaq: AKLI), a digital therapeutic focused on cognitive impairment, hit Nasdaq Monday morning through a special purpose acquisition company (SPAC) merger with Social Capital Suvretta Holdings Corp. I. In doing so, Akili joins a growing list of digital behavioral health companies entering the public markets through SPAC mergers. The Boston-based startup created a […]
The pandemic and other factors have contributed to worsening mental health conditions for a number of Americans since the beginning of 2020, but particularly so for young people. There is a growing consensus that youth mental health – more than ever – is a serious issue, as an estimated 31% of American parents have children […]
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