mHealth Spot

The goal of IBM's medicine supply chain management project is to save more lives by making medicine widely available when and where it's needed.

The program will be located at the Microsoft Ventures Accelerator in Israel, with the class taking place between September 2014 and January 2015.

The San Diego-based company makes Angela, which is a tablet-based app/service that helps the elderly patients who choose to stay in their homes.

Before this round, Mango Health raised seed financing from Floodgate Fund, First Round Capital, Baseline Ventures, Bullpen Capital and individual investors.

Vital data like steps, calories burned and glucose readings will constitute the "core value" of the emerging mHealth app market.

The device is able to optically measure blood flow and movement to track heart rate and calories burned more accurately than a conventional chest strap.

Doctors can invite patients to download the app pre-installed with their medications and optional information such as dosage, the doctor's ID and instructions.

CrowdMed has raised more than $2.4 million from New Enterprise Associates, Andreessen Horowitz, Greylock Partners, SV Angel, Khosla Ventures and Y Combinator.

Neither company has publicly commented on the deal, but it is expected to be officially announced in the next few weeks.

Teens suffering from chronic diseases often delay in seeking an appointment to report their symptoms. Mobile technology helps them overcome this.