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The Afterlife Of Pear Therapeutics: Korean DTx Maker Discusses Vision For Salvaged Migraine Assets

 
• By Marion Webb

WELT USA was among four companies that competed at auction for Pear assets following the digital therapeutics trailblazer’s Chapter 11 bankruptcy filing in April. WELT also bid on Pear’s reSET assets for treating substance use disorder, but was pleased that they went to Pear’s former CEO Corey McCann – “a good signal to the industry,” says WELT USA head Danny Kim.

Digital Therapeutics Alliance 2023 Inaugural Summit
• Source: Shutterstock

WELT Corp. aims to develop an AI-powered app to predict migraine attacks, leveraging assets plucked from the rubble of Pear Therapeutics, which filed for Chapter 11 bankruptcy in April.

WELT USA was one of four companies – along with Harvest Bio, Click Therapeutics, Inc., and Nox Health – that partook in a 22 May Delaware bankruptcy court auction of Pear’s digital therapeutic (DTx) assets for just over $6m in total

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