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Investors were racing each other to back digital health startups. Overnight, they've raised the bar for who gets funded. Many startups won't meet it. ....
Medly filed for Chapter 11 bankruptcy protection on Friday evening. The startup had slashed its staff and closed stores as it burned through cash. ....
Medly laid off more than half of its staff after scrambling to cut its cash burn. Startups are being put to the test after years of record funding. ....
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