Business

An R&D cloud platform which supports scientists to share and access progress with the development of biopharmaceutical therapeutics has raised $35 million in investment capital.

This new round of funding brings the company's total raise to $51.4 million. 

DrugStoc scooped up $4.4 million in funding, and African Health Holdings landed $18 million. 

Pear announced plans to go public through a merger with a special purpose acquisition company in June, and the deal is set to close soon.

Led by Nour Nouf Ventures, the round will be dedicated to scaling, plus research and development efforts, the startup announced.

Also: Amwell misses revenue expectations and Babylon Health grows 371% year-over-year. 

The Series B brings the company’s total raise to $71 million.

Also: Remote patient monitoring platform HealthSnap brings in $5 million, and behavioral health-focused Videra Health raises a $3 million seed round.

The European Institute for Innovation and Technology (EIT) Health has announced the acquisition of one of its supported startups PhagoMed GmbH, by BioNTech SE, in a bid to find new and alternative solutions to antibiotics that are losing effectiveness.

This new funding round brings the company's total raise to roughly $62.5 million.