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Health

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Insurtech for assessing medical risk and cost of care raises $1.5mn

i3 Systems is an Indian AI product company for insurers, to estimate the medical risk and cost of care. The products work seamlessly on digital and unformatted data in complex healthcare and financial documents. The startup plans to use the funds to advance technology that enables seamless adoption of their product across all repetitive business processes in the BFSI industry.

Alok Agarwal, CFO, Reliance Industries and Zhooben Bhiwandiwala, president, Mahindra Partners are co-investors in i3 systems along with Unitus Ventures

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Battery-Powered face mask seeks to fight Covid and foggy glasses

LG Electronics’ PuriCare Wearable, which comes in one size and weighs as much as a pair of ski goggles, features two fans and high-efficiency particle air filters that clean air coming in and exhaled breath going out.

As authorities increasingly urge the public use of face masks to prevent the spread of the coronavirus, manufacturers have turned their attention to making such gear more comfortable without compromising safety.

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AstraZeneca suspends leading COVID-19 vaccine trials after a participant’s illness

The vaccine, developed with the University of Oxford, has been described by the World Health Organization as probably the world’s leading candidate and the most advanced in terms of development. The suspension dims prospects for an early rollout amid reports that the United States was aiming for a fast-track approval before the November presidential election.

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First batch of Russia’s Covid-19 vaccine Sputnik V released into public

“The first batch of the ‘Gam-COVID-Vac’ (Sputnik V) vaccine for the prevention of the new coronavirus infection, developed by the Gamaleya National Research Center of Epidemiology and Microbiology of the Ministry of Health of Russia, has passed the necessary quality tests in the laboratories of Roszdravnadzor (medical device regulator) and has been released into civil circulation,” the ministry said in a statement.

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