Omada Health, which just nabbed $48 million in new funding, expects to have "hundreds of thousands" of health plan enrollees using its digital health services by next year, CEO Sean Duffy says.
The San Francisco-based startup helps people with obesity-related chronic diseases get healthier. But it sells its services to health insurers and big employers, who benefit when their enrollees or employees make healthier choices.
About 20,000 patients use its platform currently, a number that's expected to jump by an additional 10,000 by year-end, Duffy told me this week. But by next year, he projects that "hundreds of thousands" of individuals will be using Omada Health to deal with chronic conditions like obesity and diabetes, in many cases before they reach the "tipping point" where they topple into experiencing the full-fledged medical condition.
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OncoMed Presents Immuno-Oncology Data for GITRL-Fc Candidate at the Inaugural International Cancer Immunotherapy Conference
NEW YORK and REDWOOD CITY, Calif., Sept. 16, 2015 (GLOBE NEWSWIRE) -- OncoMed Pharmaceuticals, Inc. (Nasdaq:OMED), a clinical-stage company developing novel anti-cancer stem cell and immuno-oncology therapeutics, today presented preclinical data for the company's proprietary, wholly owned GITRL-Fc agent during the afternoon poster session of the CRI-CIMT-EATI-AACR Inaugural International Cancer Immunotherapy Conference.
Omada Health, which provides a digital program based on the landmark NIH diabetes prevention study, raised $48 million, bringing total funding to $77.5 million. The series C round was led by Norwest Venture Partners, and includes returning investors Andreessen Horowitz and US Venture Partners, among others. Accelerator-turned venture fund Rock Health which nurtured Omada in its first class of digital health startups, also reinvested.