Digital rehabs business Big Health revealed it got Limbix, a maker of prescription digital rehabs focused on dealing with anxiety in teenagers and young people.
Limbix is the developer of SparkRx, a PDTx that utilizes the concepts of cognitive behavior modification to attend to anxiety in teenagers and young people ages 13 to 22.
The self-guided CBT-based treatment was launched in October 2021 as part of the FDA’s unwinded regulative requirements for digital health gadgets dealing with psychiatric conditions throughout the pandemic.
SparkRx will be contributed to Big Health’s portfolio, that includes Daytime healing for stress and anxiety and Sleepio for sleeping disorders.
” Limbix and Big Health share substantial positioning in our cultures and in our concentrate on providing first-line digital rehabs for a series of psychological health conditions,” Ben Lewis, cofounder and CEO of Limbix, stated in a declaration. “As the market leader, Big Health is a natural house for SparkRx, our upcoming item pipeline and our group to speed up offering youths tools they can utilize themselves to meaningfully take advantage of clinically-proven digital anxiety treatments,” he included.
THE LARGER PATTERN
In 2021, Limbix scooped up $ 15 million in Series A2 financing, bringing its overall raise to $31 million.
In 2020, the business scored $ 9 million in Series A financing, approximately 4 months after the Palo Alto-based start-up was among 27 digital health business selected in MassChallenge HealthTech’s 2020 accelerator class.
In 2015, Big Health scored $ 75 million in Series C financing, simply 2 years after getting $ 39 million in a Series B raise
Evernorth, the health services arm of insurance company Cigna, likewise revealed it included 5 programs to its digital health formulary, consisting of Big Health’s Sleepio and Daytime.
In 2020, CVS Health revealed it was including a handful of digital health apps to its Point Service Management service, consisting of Big Health’s Daytime. The retail giant stated Point Service intends to assist CVS Caremark drug store advantages management customers enlist in third-party health apps.