InnovationRx: Under 30 Alum Raises $35 Million For Virtual Addiction Treatment

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InnovationRx: Under 30 Alum Raises $35 Million For Virtual Addiction Treatment
AiAddictionTelehealth
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Katie Jennings is a senior writer at Forbes covering healthcare, technology and AI and a co-author of the InnovationRX newsletter. She joined Forbes in 2020 and is based in Jersey City.

for opioid and alcohol use disorder, as well as co-occurring conditions, in three states: Oregon, Washington and Ohio. Around 11,000 patients in the program get access to peer recovery specialists, clinicians and medication-assisted treatment, like buprenorphine. With $35 million inannounced Wednesday, Strong hopes to be in 10 states by 2026.

Shares of Hims, known for providing cheap and generic alternatives to popular brand-name drugs, have nearly doubled in price since the start of the year hitting $18.60 after the company announced a weight-loss treatment starting at $199 a month that will compete with Novo Nordisk’s Wegovy and Ozempic.a frozen food brand specifically aimed at people taking GLP-1 drugs like Ozempic and Wegovy in a bid to offset potential sales losses.

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