Sonara Well being raises $3M for digital methadone administration platform

Sonara Well being, maker of a digital methadone administration system, raised $3 million in a seed funding spherical led by First Belief Capital Companions and Blue Cross Blue Protect of Kansas.

WHAT IT DOES

Based in 2020, the Mark Cuban-backed startup has constructed a digital system to permit sufferers with opioid use dysfunction to take methadone at house whereas being monitored by a clinician. 

Although requirements were loosened through the COVID-19 pandemic, methadone has typically been dispensed at federally regulated clinics, which regularly required sufferers to journey day by day to obtain their dose. 

Sonara’s system features a tamper-evident label for the treatment plus an internet utility that permits sufferers to tape themselves whereas taking their methadone. An app for clinicians lets them remotely and asynchronously monitor sufferers’ use of the drug.

The corporate plans to make use of the seed capital to maintain creating its platform and to accomplice with extra opioid therapy packages. 

“We obtain messages from sufferers on a regular basis letting us know that we have now made their lives simpler to remain heading in the right direction with their restoration, these notes maintain us going,” Dr. Michael Giles, CEO of Sonara Well being, stated in a press release. 

MARKET SNAPSHOT

Opioids proceed to be a critical public well being concern within the U.S. According to the CDC, overdose deaths involving opioids elevated from about 70,000 in 2020 to greater than 80,000 final 12 months. Total drug overdose deaths elevated practically 15% in 2021. 

Nonetheless, there’s some proof digital care might assist sufferers battling opioid use dysfunction entry care. A current examine published in JAMA Psychiatry discovered that offering opioid use disorder-related telehealth providers through the COVID-19 pandemic was related to decrease odds of medically handled overdoses and higher retention with medicines like methadone and buprenorphine.

Different digital well being corporations targeted on habit care and medication-assisted therapy embrace Bicycle Well being, which raised $50 million in Series B funding this 12 months; Boulder Care, which lately raised $36 million; and Ophelia, which scooped up $50 million in Series B funding final 12 months.

Workit Well being announced a $118 million raise practically a 12 months in the past, and Give up Genius lately had two substance-use-disorder packages added to Evernorth’s digital health formulary

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