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Momentum IoT Raises $3.1M

socalTECH

Long Beach-based Momentum IoT , a developer of telematics products for tracking trucks, trailers, heavy equipment, and other assets, has raised $3.1M in a funding round, the company said this morning. The funding was led by Howard Edmund Capital, and also included Thompson Aerospace.

Edmunds 100
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Bio Roundup: A Telehealth Combo, FDA’s BCMA OK, Biogen’s Bet & More

Xconomy

Big Pharma companies are focusing on vaccine development and a slew of biotechs are testing compounds, previously intended for a wide range of indications, as potential COVID-19 treatments. The novel coronavirus has driven the pharmaceutical industry to upend its research priorities. billion merger in the digital health sector.