MedCity News
In lawsuit, medication adherence startup claims it was strung along as part of planned SPAC acquisition
Medication adherence startup PillDrill is suing a digital health company UpHealth, claiming it lied about plans to acquire the startup as part of a broader SPAC deal.
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A medication adherence startup is suing digital health company UpHealth, saying it lied about a planned acquisition.
San Francisco-based PillDrill said it struck a term sheet in April of last year to be acquired for $6 million of UpHealth’s stock. But after a year of delays, the deal ultimately never happened, according to the lawsuit.