13 Nov Propeller Health co-founders share company’s growth and accomplishments
Headquartered in Madison, Wisconsin, Propeller Health was founded in the fall of 2010. The digital therapeutics company offers sensors that can attach to inhalers. Said sensors are also paired with a mobile app so patients can track their medication use and gain insight into how to cope with their condition.
Since its founding eight years ago, Propeller has had its share of accomplishments, including nine FDA clearances and commercial programs with payers, pharmaceutical companies and health systems.
This year alone, Propeller closed a $20 million funding round and inked a strategic partnership with Aptar Pharma. The goal of the collaboration is to expand Propeller’s connected device capabilities beyond asthma and COPD inhalers to include other disease states. Shortly thereafter, it announced a strategic investment of an undisclosed amount from McKesson Ventures. Later this summer, the company also revealed a collaboration with Anthem Blue Cross Blue Shield through which Anthem Medicare Advantage members in Ohio with COPD can use Propeller’s offerings.
Sorry, the comment form is closed at this time.