By the time the pandemic broke out, interest in digital therapeutics (DTx) had reached an all-time high. Investors, pharma giants and even health systems have poured billions into the products promising to change medicine. A few of the pioneers in the space, including Pear Therapeutics, which has several addiction therapeutics, and Akili, which is focused […]
Prescription digital therapeutics company Akili, Inc. (Nasdaq: AKLI) announced another workforce reduction, terminating nearly half of its remaining employees. The layoffs, which amount to 46% of Akili’s workforce, will eliminate the company’s marketing and medical affairs teams, according to publicly available documents. The restructuring, which is estimated to cost between $2.3 and $2.8 million including […]
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 […]
By continuing to use the site, you agree to the use of cookies. more information
The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.
