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HEALWELL AI Inc. develops and commercializes healthcare artificial intelligence software for preventative care, with a focus on clinical decision support, early disease identification, and workflow tools for healthcare providers. News about HWAIF commonly covers the company’s DARWEN™ AI platform, Smart Search, Smart Summary, Smart ID, and the use of AI-enriched clinical data to support real-world evidence across disease areas.
Company updates also include revenue and Adjusted EBITDA reporting, integration of Orion Health, enterprise health-system and Health Information Exchange software contracts, customer renewals, scientific publications, conference participation, and board or governance changes. HEALWELL trades on the Toronto Stock Exchange as AIDX and on the OTCQX market as HWAIF.
HEALWELL AI's subsidiary Pentavere has won the Prix Galien USA 2024 award in the Best Startup category for Digital Health & Medical Technology. The award recognizes Pentavere's DARWEN™ AI platform for making healthcare more accessible and personalized. Selected from 43 nominees, this marks Pentavere's first win after three previous nominations. The Prix Galien Award, often referred to as the Nobel Prize of life sciences, honors outstanding biomedical and medical technology achievements. The selection committee included former CEOs of major life science companies, and the award ceremony took place at the American Museum of Natural History in New York on November 7, 2024.
HEALWELL AI reports significant growth in its AI and data science business unit during Q3-2024. The company executed 5 new Master Services Agreements with pharmaceutical partners, bringing the total to 27 MSAs, including partnerships with 6 of the top 10 pharmaceutical companies globally. Revenue-generating pharmaceutical partnerships increased from 8 in Q4-2023 to 23 in Q3-2024.
The company's subsidiary Khure Health secured an MSA with a major medical device conglomerate, while Pentavere established a commercial agreement with a major U.S. health system for identifying valvular heart disease patients using its DARWEN™ AI platform. Six life science customers have adopted Pentavere's subscription-based revenue model.
HEALWELL AI (TSX: AIDX, OTCQX: HWAIF) has scheduled its Fiscal Third Quarter 2024 financial results release for Tuesday, November 12, 2024. The company will host a conference call and simultaneous webcast at 1:00 PM EST to discuss the results for the period ended September 30, 2024. The presentation will be led by CEO Dr. Alexander Dobranowski and CFO Anthony Lam. Participants can join via webcast or phone using toll-free (North America: 1-844-763-8274) or international (1-647-484-8814) numbers.
WELL Health Technologies and HEALWELL AI have expanded their multi-year strategic alliance to launch and manage clinical trial sites across WELL's network of over 180 Canadian clinics. The partnership combines WELL's healthcare infrastructure with HEALWELL's AI technology and Contract Research Organization capabilities to create an end-to-end clinical trials service. The collaboration will leverage WELL's extensive network of primary and specialty care clinics, including diagnostic centers specializing in cardiology, radiology, sleep medicine, and endocrinology, to enhance patient recruitment and trial execution while opening new revenue streams.
WELL Health Technologies and HEALWELL AI have expanded their multi-year strategic alliance to launch and manage clinical trial sites across WELL's network of over 180 Canadian clinics. The partnership combines WELL's extensive healthcare infrastructure with HEALWELL's AI and Contract Research Organization capabilities to create an end-to-end clinical trials service. The collaboration will leverage WELL's primary and specialty care network, including cardiology, radiology, sleep medicine, and endocrinology departments, to enhance patient recruitment and trial execution while opening new revenue streams. This initiative aims to improve patient access to experimental treatments and transform WELL's clinics into innovation hubs.
HEALWELL AI Inc. (TSX: AIDX) (OTCQX: HWAIF) has announced a strategic investment of USD$250,000 in Abstractive Health, a healthcare AI company specializing in automated patient summaries using proprietary generative AI technology. The investment is part of a broader funding round led by Rho Capital Partners. Concurrent with the investment, HEALWELL has entered into a commercial agreement with Abstractive Health, securing exclusive distribution rights for the Canadian outpatient healthcare market.
Abstractive Health's AI software leverages LLMs and generative AI to automate medical record summaries, streamlining healthcare documentation processes. HEALWELL plans to integrate Abstractive Health's technology into WELL Health Technologies' apps.health marketplace, expanding its suite of AI-enabled co-pilot technologies for healthcare providers.
HEALWELL AI Inc. (TSX: AIDX) (OTCQX: HWAIF), a healthcare technology company focused on AI and data science for preventative care, announces its participation in the 17th Annual LD Micro Main Event from October 28-30th, 2024, at the Luxe Sunset Boulevard Hotel in Los Angeles. Dr. Alexander Dobranowski, CEO of HEALWELL, will deliver a live presentation on Wednesday, October 30, 2024, at 10:30am PT and conduct in-person meetings.
Dr. Dobranowski expressed enthusiasm about sharing HEALWELL's story and showcasing their AI-driven clinical decision support systems. The event provides an opportunity to update existing shareholders and introduce the company to potential new U.S. investors. Chris Lahiji, Founder of LD Micro, emphasized the event's significance in the small and micro-cap industry.
HEALWELL AI Inc. (TSX: AIDX) (OTCQX: HWAIF), an AI and data science company focused on preventative care, will participate in the 2024 Cantech Letter Investment Conference on October 9, 2024, in Toronto, Ontario. Dr. Alexander Dobranowski, CEO of HEALWELL, will deliver an investor presentation at 10:00 AM PT and participate in a keynote panel discussion titled 'Artificial Irrelevance? How Canadian Techs are Building Intelligence and Purpose into AI Solutions' at 8:30 AM. The panel will be moderated by Brady Fletcher, President of Roth Canada.
Both Dr. Dobranowski and Anthony Lam, CFO of HEALWELL, will attend the conference and conduct in-person 1x1 meetings with investors. The event provides an opportunity for HEALWELL to showcase its vision of revolutionizing healthcare through AI-driven preventative care and engage with the investment community.
HEALWELL AI Inc. (TSX: AIDX) (OTCQX: HWAIF) has announced that its subsidiary, BioPharma Services Inc., is expanding into late-stage patient trials by integrating Canadian Phase Onward (CPO). This strategic move transforms BioPharma into a full-service Contract Research Organization (CRO), capable of managing clinical trials across all phases of drug development. The integration also involves incorporating HEALWELL's AI and data science capabilities to enhance research, disease detection, and patient identification.
Key benefits include:
- Expanded capabilities across all clinical trial stages
- Increased patient access through WELL Health's populations
- Enhanced research infrastructure with a robust referral network
- Integration of AI for improved patient identification and trial efficiency
BioPharma has completed over 2,200 clinical trials with approximately 250 pharma clients globally, including 4 of the top 25 largest pharmaceutical companies.
HEALWELL AI Inc.'s subsidiary, Pentavere, has been nominated for a 2024 Prix Galien award in the Best Digital Health Startup category. This marks Pentavere's third nomination in three years. The Prix Galien is considered the most prestigious honor in the life sciences and pharmaceutical industry. To date, over 1 million patients have benefited from Pentavere's DARWEN™ AI system.
Pentavere will be presenting at several upcoming medical conferences, showcasing the capabilities of its DARWEN™ AI platform in generating real-world evidence and identifying patient cohorts with unmet needs. These conferences include the 46th ESPEN Congress, 66th ASTRO Annual Meeting, United European Gastroenterology Week, and the American College of Allergy, Asthma & Immunology 2024 Annual Scientific Meeting.