Whoop
The company's CEO defended its feature as a wellness tool under the 21st Century Cures Act, combating the FDA’s claim that it qualifies as a regulated medical device.
The FDA claims the wearable tech company's BPI offering is "adulterated" and "misbranded," and is being sold without the proper regulatory approvals.
The wearable-tech company broadened its reach to 56 markets worldwide, added Italian and Latin American Spanish to its app and appointed three C-suite executives.
The wearable tech company’s deal with Best Buy marks its entry into brick-and-mortar retail.
The WHOOP 4.0 works with WHOOP Body, allowing users to wear the sensor in exercise gear or sleepwear.
The acquisition announcement comes just after WHOOP reported it had raised $200 million in Series F funding.
WHOOP has now raised $400 million to date.
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The company announced a $100 million Series E funding.
The Abu Dhabi technology company is currently spearheading the world’s first Phase III trials of one vaccine, with volunteers from the UAE and Bahrain taking part.