home testing
Truepill will operate as a subsidiary of LetsGetChecked, and the acquisition will extend both companies' offerings to cover patients for a longer duration.
The company will use the funds to launch its diagnostics division and expand its offerings under the helm of its new chief operating officer.
In addition to the Nectar Allergy Center in New York, the company's offerings include a compounding pharmacy, lab testing facility and telehealth network of allergists.
The life sciences company's Gut Intelligence Test will be available in 200 CVS locations and through the drugstore chain online.
The company is initially targeting the large employer market with its app-connected biometric monitoring tools.
The fate of the company's recently-announced research partnerships is unclear.