Michael Giles

Sonara Health Gets $2.5M NIDA Grant to Advance Remote Methadone Treatment

by | Oct 22, 2024
The $2.5 million Small Business Innovation Research (SBIR) grant awarded by the National Institute on Drug Abuse will fund the second phase of Sonara's Remote Observed Methadone Evaluation study, the company said.
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Mark Cuban-Backed Opioid Recovery Startup Sonara Health Raises $3M for Medication Monitoring Platform
by | Oct 5, 2022
Founded in 2020, Dallas-based Sonara Health has a big mission: "We want to end the opioid epidemic and save lives." To help tackle it, Sonara secured a patent last month for a take-home methadone monitoring system. With the new funding and earlier support from backers including Mark Cuban, the startup has raised $5M to date. "In a world where we send billionaires to space in reusable rockets, I thought we ought to be able to create a solution that helps patients with opioid use disorder to get their daily medication in a way that does not disrupt their daily lives," said CEO Michael Giles, M.D.
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Follow the Money: Book.io Aims to Put E-Books on the Blockchain with New Funding, Tech Startup Kalpa Aims to Raise $1M, and More
by | Sep 30, 2022
In this week’s North Texas deal flow, you’ll also find news about crowdfunding platform Harvest Return landing $2.5M; Supply’s acquisition by Foundry Brands; Moss Adams acquiring local CPA firm Kurtz & Company P.C.; Tri Global Energy being acquired for $270M by Canada's Enbridge; and more.
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