Pear Therapeutics to go public in $1.6 billion SPAC merger

Barreling forward with its early momentum in the digital therapeutics market, Pear Therapeutics announced Tuesday it will go public via a merger with special purpose acquisition company Thimble Point Acquisition Corp. in a deal valuing Pear at $1.6 billion.

Pear has been at the forefront of making the case to physicians, health systems, insurers, and regulators that software can be medicine for the treatment of all kinds of diseases. Since being founded in 2013, the company has received Food and Drug Administration clearance for three prescription treatments and has built a pipeline of 14 other digital therapeutics. The company hopes to use the proceeds from the deal to expand the reach of its current offerings, advance its research on the rest, and further develop a platform that will enable access to a wide range of software-based medical treatments.

Unlock this article by subscribing to STAT+ and enjoy your first 30 days free!


Source link


The leading source for trustworthy and timely health and medical news and information. Providing credible health information, supportive community, and educational services by blending award-winning expertise in content, community services, expert commentary, and medical review. Everything about health is here with the difference of Dr.About

Related Articles

Leave a Reply

Back to top button