STAT April 30, 2024
Akili Interactive on Tuesday announced it will lay off 46% of its staff and evaluate strategic alternatives amid sluggish sales of its video game treatment for attention deficit hyperactivity disorder. The announcement comes ahead of the company’s first-quarter earnings release on May 14.
Akili’s hunt for options follows dismal outcomes for other digital therapeutics companies that have thrown in the towel after failing to build sustainable businesses. Earlier this year, Better Therapeutics, developer of an FDA-cleared app for the treatment of type 2 diabetes shut down operations. And almost exactly...
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