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Pear Bankruptcy Filing Highlights Difficult Challenges Facing Digital Therapeutics

 
• By Tim Casey and Reed Miller

Pear Therapeutics filed for Chapter 11 bankruptcy in April and sold its remaining assets in an auction for about $6m. The demise of one the pioneers in the prescription digital therapeutics industry highlights the challenges PDT developers face getting their products reimbursed.

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[Editor's Note: A version of this article by Tim Casey originally appeared in In Vivo, Medtech Insight's sister publication, as well as AIS Health’s Health Plan Weeklypublished by Norstella, Medtech Insight'sparent company.]

Prescription digital therapeutics (PDT) companies like Pear Therapeutics, Better Therapeutics and Akili Interactive Labs are facing reimbursement challenges and an investment

Key Takeaways

  • Prescription digital therapeutics (PDTs) companies that went public via SPAC are struggling to stay afloat.

  • The companies and the industry trade group primarily attribute PDTs' disappointing uptake to lack of reimbursement and payers' resistance to innovation

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