Headlines in the Global Wellness Economy
Global Wellness News™ | April 13th, 2023
WeightWatchers Surges on Obesity-Drug Related Deal,
New Wall Street Bull
Shares of WW International, previously known as WeightWatchers, soared 59% Tuesday in its largest move
since March after it gained a new Wall Street bull, following the closing of its acquisition of a telehealth provider
that will help it access the growing market for new obesity drugs.
Read the article on Bloomberg >
After a turbulent few years for home fitness, Tonal gets fresh funding and new CEO
Following a few roller coaster years for home fitness, Tonal announces a new CEO and funding focused on getting the firm to profitability.
Nutrition, Exercise: Medical Schools Boost Teaching of Healthy Behaviors to Fight Chronic Disease
In the latest issue, The Future of Everything explores what’s ahead for education, from the pandemic’s long-lasting impact on a generation of students to new roles for tech in teaching reading.
Fit Hub secures $6.5M to expand tech-enabled fitness solutions in Indonesia – TechNode Global
Indonesian fitness startup Fit Hub has successfully raised $6.5 million to expand tech-enabled fitness solutions in Indonesia. The funding will be used to expand its offline and online presence, offering free workout content and e-commerce for healthy foods, apparel, workout equipment, and supplements.
Omy Laboratoires secures $ 11 million financing round to expand into the U.S. market
The $11 million investment round led by Crédit Mutuel Equity with participation from Fondaction, BDC Capital’s Thrive Venture Fund and Accelia Capital will allow the Quebec City-based company, which has 27 employees, to hire additional staff and acquire new production equipment to roll out its product line on North American markets.
Clearmind Medicine Raises $3.5 Million
Synthetic psychedelic medicine company Clearmind Medicine Inc. (Nasdaq: CMND) (CSE: CMND) closed on a public offering on April 6 to raise $3.5 million. Clearmind said it expects to use the net proceeds from the offering for general corporate purposes, which may include operating expenses, working capital, future acquisitions, research and development, including clinical and pre-clinical testing of its product candidates.
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