On Tuesday, VR behavioral health platform BehaVR and OxfordVR, a VR platform for severe mental health issues, announced their merger. The companies say their combination creates the largest virtual reality healthcare delivery platform.
The companies, which will unite under the BehaVR brand, also garnered $13 million in Series B funding to support the merger. The round was led by Oxford Science...
Virtual reality (VR) behavioral therapy platform Floreo closed a $10 million Series A funding round led by Tenfore Holdings with participation from Autism Impact Fund, Disability Opportunity Fund and Felton Group.
The funding comes on the heels of a Category III Current Procedural Terminology Code (CPT) from the American Medical Association for the use of VR technology to assist with therapy....
Publicly traded global medical device company Penumbra expanded its portfolio to include virtual reality offerings through its REAL Immersive System in 2019. The system is designed to help clinicians address the individual needs of patients in a rehabilitation setting.
The company then expanded its VR offerings with the REAL i-Series in 2021, bringing immersive, gaze-based experiences to care...
American VR digital therapeutic company MyndVR and European company Oroi announced a strategic partnership to expand MyndVR's catalog of cognitive, physical and occupational therapies using Oroi content.
Oroi is a VR content platform aimed at improving the wellbeing and cognitive stimulation of seniors. The company currently works in Spain, France, Germany and the U.K.
With the partnership,...
A recent study published in PLOS One and conducted by Beth Israel Deaconess Medical Center researchers in Boston reveals virtual reality use during hand surgery led to significant reductions in intraoperative anesthetic without negatively impacting patient-reported outcomes.
In a small, eight-month randomized controlled trial, researchers evaluated 34 patients undergoing hand surgery and the...
London-based FundamentalVR, maker of a virtual reality surgical training platform, announced last week it had scored $20 million in Series B funding.
The round was led by EQT Life Sciences and joined by previous investor Downing Ventures.
FundamentalVR most recently closed a $5 million Series A in 2019. The latest raise brings the startup's total funding to more than $30 million.
WHAT IT DOES...
A clinical trial in New Zealand found a virtual reality app-based cognitive behaviour therapy programme reduced the symptoms of common phobias.
FINDINGS
Conducted between May and December last year, the randomised, controlled trial recruited a total of 129 adult participants with fears of flying, heights, needles, spiders and dogs. It was led by Dr Cameron Lacey, associate professor from the...
A virtual reality therapeutic program reduces pain intensity up to six months later, compared with a sham app, according to a study published in JMIR.
The study was sponsored by AppliedVR and used its RelieVRx system, formerly known as EaseVRx, to assess its long-term effectiveness for people with chronic lower-back pain (CLBP). It followed up on earlier research that analyzed the immersive eight...
A virtual reality pain management intervention worked as well as guided imagery among children and young adults undergoing unsedated procedures, according to a study published in JMIR. However, the tools had different effects depending on patients' anxious tendencies.
Researchers recruited children and young adults from hematology, oncology, and blood and marrow transplant clinics at a children’...
NexStem, a robotics startup based in Palo Alto, California with a R&D team in India, is set to roll out across Asia-Pacific, Europe and the United States its headset that can be controlled by a user's thoughts.
The launch comes as the company has received funding from angel investors like BITS Spark and Indian internet company InfoEdge for an undisclosed amount.
WHAT IT'S FOR
NexStem offers...
.00_01_35_22.Still009[63] copy.jpg?itok=YXcg91Uf)
_edit.jpg?itok=kZOp7Y-r "A person using the FundamentalVR platform for surgery training.")
![[Left] Adam Hutchinson, founder of oVRcome, and [Right] Dr Cameron Lacey of the University of Otago](https://www.mobihealthnews.com/sites/default/files/styles/230x130/public/1630195915719.jpg?itok=Kolmo1bB)
