DarioHealth announces new collaboration with pharma company

DarioHealth (DRIO) announced a new collaboration with a pharma company that will utilize Dario Connect among their patient populations to further their direct-to-consumer efforts using Dario’s refined engagement and navigation technologies. In an effort to strengthen and expand connections across patient populations that are candidates for a new drug to treat psoriasis, a top pharmaceutical company chose Dario to pilot a cutting-edge initiative aimed to help onboard patients that will engage with the drug via the platform. This collaboration is designed to collect critical insights on patient outcomes and drug effectiveness, with Dario Connect’s innovative community-building capabilities playing a key role in enhancing patient engagement. As part of the contract, a participating consumer health platform will work in congruence with the pharma company to enable patients to aggregate all of their medical records in one place. This allows the pharmaceutical companies to access de-identified, aggregate data to monitor patient outcomes and gain insights into prescription trends for the drug. The financial structure of the collaboration with Dario will start with a fixed configuration fee, followed by a platform and services subscription fee structure that allows Dario Connect to continue to bring engaged patients directly to the pharma company’s digital environment.