Digital therapeutics company Proteus Digital Health files for Chapter 11 bankruptcy

"Proteus Digital Health, maker of a "smart pill," filed for Chapter 11 bankruptcy protection Monday.
The Silicon Valley company, which was founded in 2001, was valued at one point at $1.5 billion, according to Forbes.
The company was considered one of the first digital health "unicorns," or global VC-backed digital health startup companies valued at $1 billion or more. That list also includes companies Oscar Health, ZocDoc, Clover Health, One Medical, Calm, Tempus, 23andMe and Hims, CB Insights reported.
Proteus develops ingestible sensors and a wearable sensor patch to track medication-taking behavior.
The company commercialized a service offering called Proteus Discover, a digital medicine solution that connects drug ingestions to outcomes and is designed to enable patients to engage in their own healthcare, be rapidly assessed and treated to goal.
In May, Proteus announced a multiyear, outcomes-based initiative with Tennessee’s Medicaid program, TennCare..." Lire la suite