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Think Research reports increased revenues, debt in Q3 (BETAKIT)
That money translated into $8.9 million after transaction costs. During the first nine months of 2022, cash allocations included payments of $2.4 million on lease liabilities, $2.3 million for finance costs, and investments of $2.9 million in intangible assets.
B.C. Medical Services Commission files court injunction against Telus Health over fee-based program (CBC)
“It is very important to uphold the Medicare Protection Act, which is in place to preserve our publicly managed and fiscally sustainable health-care system for British Columbia,” said Health Minister Adrian Dix at a news conference on Thursday.
Provincial government taps Novari Health to help reduce pandemic-fuelled surgical backlog in Eastern Ontario (BETAKIT)
The hub, which will service Eastern Ontario, is designed to improve the coordination of surgical services between Ottawa Region hospitals. The hope is that some patients may be able to receive surgery more quickly at another hospital with greater capacity through the new software platform.
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Setback for B.C.’s AbCellera as FDA pulls U.S. authorization for its COVID-19 antibody (THE GLOBE AND MAIL)
The announcement Wednesday takes away authorization from the last COVID-19 monoclonal antibody treatment, leaving antiviral drugs from Pfizer, Merck and Gilead Sciences as treatments for the disease, as well as convalescent plasma for some patients. AstraZeneca’s antibody Evusheld is also authorized for protection against COVID-19 infection in some people.
What Coconut Software CFO Matt Petrow learned while raising a Series B (BETAKIT)
Matt Petrow, CFO of Coconut Software, said it’s about more than simply knowing your numbers and taking the best term sheet available.
General Catalyst Backs Clinical Trials Startup Vial (THE WALL STREET JOURNAL)
Venture firm General Catalyst has led a new investment in Vial Health Technology Inc., a startup whose technology and services are designed to help biotechnology companies run faster and more-efficient clinical trials.
General Catalyst has led a $67 million Series B round of financing for San Francisco-based Vial. The company, founded in 2020, has raised more than $100 million in total venture funding, said co-founder and Chief Executive Simon Burns.
Montréal Startup Community Awards 2022 honours #MTLtech’s best and brightest (BETAKIT)
Over 300 peer nominations were received with a selection committee shortlisting five to 10 finalists for each category. The awards were handed out at the Gala de la Communauté Startup on December 1.
Musk’s Neuralink hopes to implant computer in human brain in six months (BNN BLOOMBERG)
“As miraculous as that may sound, we are confident that it is possible to restore full-body functionality to someone who has a severed spinal cord,” Elon Musk said at an event. Turning to Neuralink’s vision work, he said, “Even if they have never seen before, we are confident they could see.”
How to keep yourself safe from cyber threats (BETAKIT)
In a BetaKit Live, Leigh Tynan, the Director of TELUS Online Security; Jeff Bonvie from the RCMP’s Cybercrime Coordination Centre; and Matthew Moniz, entrepreneur and Content Creator of Moniz Media, shared their insights on the current state of cybercrime and the secret to staying safer online.
Cambridge the gateway as Canadian antibody AI player moves into UK (BUSINESS WEEKLY)
A global leader in machine learning applications for novel medicine development, Toronto-headquartered BenchSci was recently ranked 31st on the Deloitte Technology Fast 50 and 192nd on the Deloitte Technology Fast 500 rankings of North America’s fastest-growing technology, media, telecoms, life science, FinTech and energy tech companies.
Foresight 50 list names Canada’s “most investable” cleantech firms (BETAKIT)
“Last year’s Foresight 50 companies went on to collectively raise $593 million to amplify their cleantech solutions,” said Foresight Canada CEO Jeanette Jackson.
Instacart co-founder raises $30 million for new healthcare company (THE WALL STREET JOURNAL)
Apoorva Mehta, a co-founder of Instacart Inc., is working on his next act after saying earlier this year that he would step down as executive chairman from the startup he built into a grocery delivery giant once it goes public.
Ha Nguyen named McRock Capital’s third partner as firm looks to raise $200 million fund (BETAKIT)
Nguyen originally joined McRock in 2016 as an associate, serving as McRock’s Western Canada lead and vice president for the last four years.
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