Software Therapy Deployment Platform Phil’s $100M Investment (Computers - Software)

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Software Therapy Deployment Platform Phil’s $100M Investment

Investment and board appointment to support accelerated growth and innovation within prescription management solutions

Phil, a software therapy deployment platform, today announced a $56 million Series D fundraise led by Warburg Pincus, a leading global growth investor. The investment is part of an arrangement for Warburg Pincus to invest up to $100 million and enables Phil to accelerate the development of innovative products while continuing to support the growth of its customers.

As part of the investment, Fred Hassan, Director at Warburg Pincus, will join the company’s board of directors. Fred has a multi-decade career in pharmaceuticals, including roles as CEO of Schering-Plough and Pharmacia, as well as Board roles at Bausch & Lomb, Precigen, Valeant and Avon Products. He currently serves as a Director of Amgen.

Specialty pharmaceutical products treat complex health conditions and constitute a significant portion of U.S. prescription medication spend. Despite the therapeutic potential of these products, patients and their care teams face substantial obstacles to access, affordability, and adherence. While these challenges have been traditionally addressed through call-center based ‘hub’ services, Phil’s team has developed a next-generation suite of software tools to streamline and simplify this complex, distributed workflow spanning patients, prescribers, pharmacies, insurers, and manufacturers. Phil’s solution drives efficiencies that result in up to 6x higher adherence and 33% improvements in patient affordability at 1/10th the cost of call-center based approaches, and is able to serve a wide range of therapies ranging from specialty ‘lite’ products to core specialty therapeutics.

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Last Update : Jun 08, 2021 7:31 AM
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Item  Owner  : AI TechPark
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2021-11-28 (0.153 sec)