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Nigerian e-health pharmaceutical distribution startup DrugStoc secures $4.4 million Series A funding, embarks on expansion drive

TechCrunch

The pharmaceutical supply chain across Africa has for decades remained fragmented leading to sourcing and distribution challenges as well as quality concerns; as fake and substandard products flood the market. Chibuzo Opara and Adham Yehia, the co-founders of DrugStoc, a tech-based pharmaceutical procurement platform.

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Resilience raises over $800 million to transform pharmaceutical manufacturing in response to COVID-19

TechCrunch

COVID-19 has exposed critical vulnerabilities in medical supply chains, and today’s manufacturing can’t keep up with scientific innovation, medical discovery, and the need to rapidly produce and distribute critically important drugs at scale.

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AARP Innovation Labs takes a holistic approach to age-tech at CES

TechCrunch

AARP Innovation Labs, the incubator program, highlights the many facets of aging in its CES’ virtual presentation with a roster of startups that were divided into five groups: community, clinic, wellness, financial services and housing. AARP Innovation addresses that problem with its selection of “community” startups.

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African healthtech startups in the supply chain segment show rapid growth, spurring a $7M investment initiative

TechCrunch

One way Adeseun reckons that might happen is if B2B e-commerce platforms in retail take an interest in pharmaceutical and health-based products. 60% said theirs was on quality, while 43% of innovators claimed an effect in lowering pharmaceutical and drug prices. Women founders are disadvantaged,” the director said.

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Hear how Cambrian BioPharma is reinventing drug (and drug company) development

TechCrunch

The startup Cambrian BioPharma is developing a life-changing technology while pioneering a radical approach to a pharmaceutical company. Cambrian BioPharma bills itself as a new pharmaceutical company with a revolutionary approach to developing and managing drug development. Register here. It’s free to watch and participate.

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The Week’s 10 Biggest Funding Rounds: Cardurion Pharmaceuticals And Human Interest Nab Largest Raises

Crunchbase News

Cardurion Pharmaceuticals , $260M, biotech: Cardurion Pharmaceuticals led the way for biotech startups raising big money this week, as the Burlington, Massachusetts-based biotech firm raised a $260 million Series B financing led by Ascenta Capital. Notice anything missing? Yep, no huge AI raise.

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Nanome raises $3 million to help scientists get up close with molecular structures in VR

TechCrunch

Nanome is reimagining the way we interact with science at a time when innovation in collaboration is more important than ever before,” said Bullpen Capital General Partner Ann Lai in a press release. But they have plans to use this new funding to expand into pharmaceutical chemistry, synthetic biology, and even education.

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