Marianne Schmidl

CARI Health Awarded NIH Grant of up to $2.8M to Advance Remote Medication Monitoring

Retrieved on: 
Thursday, October 19, 2023
Wearables, Mobile Technology, Technology, Medical Devices, Health Technology, Biometrics, Biotechnology, Managed Care, General Health, Pharmaceutical, Health, Digital, Research, Opioid use disorder, Marianne Schmidl, SDAC, Global Entrepreneur, UCSD, Medtech, Conference, Methadone, CARI, National Institute on Drug Abuse, NIDA, University, Device, NIH, Investment, Patient, Bangladesh Technical Education Board, Pharmaceutical industry

Digital health startup CARI Health was awarded an SBIR Fast Track grant from the National Institute on Drug Abuse (NIDA), an agency of the National Institutes of Health (NIH), to help it bring the world’s first wearable medication monitor to market.

Key Points: 
  • Digital health startup CARI Health was awarded an SBIR Fast Track grant from the National Institute on Drug Abuse (NIDA), an agency of the National Institutes of Health (NIH), to help it bring the world’s first wearable medication monitor to market.
  • CARI Health is eligible for up to $2.8M over three years as project milestones are successfully completed within Phase I and Phase II portions of the grant.
  • The award funding will go toward supporting product development and conducting human clinical studies for CARI Health’s wearable remote medication monitoring device .
  • The content is solely the responsibility of the authors and does not necessarily represent the official views of the National Institutes of Health.

CARI Health Raises $2.3M in Seed Round to Advance Remote Medication Monitoring

Retrieved on: 
Tuesday, January 10, 2023
Health, Medical Devices, Biometrics, Health Technology, Managed Care, General Health, Biotechnology, Digital, University, University of California, San Diego, Health, Environment, Intellectual property, SDAC, Conference, Food, Patient, CARI, SBIR, Food and Drug Administration, Global Entrepreneur, Marianne Schmidl, Fentanyl, Medical device, USD, Medtech, Opioid use disorder, Pharmaceutical industry

Digital health startup CARI Health has closed an oversubscribed $2.3 million seed round that will help it bring the world’s first wearable real-time medication monitor to market.

Key Points: 
  • Digital health startup CARI Health has closed an oversubscribed $2.3 million seed round that will help it bring the world’s first wearable real-time medication monitor to market.
  • The funding will go toward completing first in-patient human clinical studies for CARI Health’s wearable remote medication monitoring device , expanding its intellectual property portfolio, and preparing for the regulatory pathway with the Food and Drug Administration.
  • “San Diego Angel Conference Fund IV is excited to lead CARI Health’s successful seed round in 2022,” said Mysty Rusk, founder of the SDAC and Executive Director of USD's Free Enterprise Institute.
  • “We are passionate about the potential to make an impact and build something bigger than ourselves,” says CARI Health Founder and CEO Patrik Schmidle .