BioPharma Dive
With the improvement of cloud computing, wirelessly-connected medical devices can help companies improve their products. Furthermore, 'smart' medical devices can give patients and doctors greater monitoring capabilities of drug use and health condition. The opportunities this presents has led to a rapid increase in pharma investment. According to a report by Bain & Company, "US venture investment in digital healthcare quadrupled over the past four years, reaching more than $5 billion in 2014."