Qualcomm forms wireless subsidiary, adds $100M fund
Qualcomm has spun off a new subsidiary to develop its own line of wireless offerings for use with medical devices. The new entity also will establish a $100 million investment program to fund ventures in biosensor technologies, remote care systems and health IT apps.
The new subsidiary, Qualcomm Life, replaces the former Qualcomm Wireless Health, while the Qualcomm Life Fund will be managed by Qualcomm Ventures, Qualcomm’s investment group.
Qualcomm Life’s initial product line, the 2net platform and hub, is designed to integrate wireless medical devices via the cloud, according to a company statement. The platform and hub facilitate the transfer, storage and display of data gleaned from medical devices. The data is encrypted and stored in the 2net platform over a mobile connection.
The 2net platform and hub are separately listed with the FDA as medical device data systems.
The new subsidiary, Qualcomm Life, replaces the former Qualcomm Wireless Health, while the Qualcomm Life Fund will be managed by Qualcomm Ventures, Qualcomm’s investment group.
Qualcomm Life’s initial product line, the 2net platform and hub, is designed to integrate wireless medical devices via the cloud, according to a company statement. The platform and hub facilitate the transfer, storage and display of data gleaned from medical devices. The data is encrypted and stored in the 2net platform over a mobile connection.
The 2net platform and hub are separately listed with the FDA as medical device data systems.
Dave P. has worked in journalism, marketing and public relations for more than 30 years, frequently concentrating on hospitals, healthcare technology and Catholic communications. He has also specialized in fundraising communications, ghostwriting for CEOs of local, national and global charities, nonprofits and foundations.