Digital health company Welltok raises $22.1m series C funding with participation from Qualcomm and an inaugural investment from IBM's Watson Group.

Michigan spin-off Alertwatch gains FDA clearance to sell its patient monitoring services.

Minnesota spin-out Embomedics secures $860k series A for disappearing drug delivery system.

Existing investors Venrock, Johnson & Johnson Development Corp., Medtronic, Advanced Technology Ventures, Lexington Capital and Frazier Healthcare Ventures have invested in a first tranche of a series D round of funding for PowerVision. The company is developing an accommodating intraocular lens. The company plans to raise up to an additional $10m as part of this $20m financing round.

Circassia, a biotech spin-out of Imperial College London developing cat and other allergy treatments, announces plans for $285m initial public offering.