Pear Therapies checking out sale, other ‘tactical options’

Prescription digital therapies business Pear Therapies is checking out “tactical options,” consisting of a possible business sale, merger or acquisition.

In a news release, the business stated it employed a monetary consultant to check out actions that might “take full advantage of investor worth.” That consists of a prospective sale, M&A, divestiture of possessions, licensing or other tactical deals. It might likewise look for extra funding.

Without a deal, Pear stated it might require to rearrange, liquidate or pursue other kinds of restructuring. In a filing with the Securities and Exchange Commission, Pear withdrew its earnings and running assistance for financial 2022 and 2023. It likewise will not hold a 4th quarter and complete year revenues call.

” There is no set schedule for this procedure and there can be no guarantee that this procedure will lead to the business pursuing a deal or that any deal, if pursued, will be finished on appealing terms,” the business stated in a press declaration.


Pear deals prescription digital therapies for compound usage condition, opioid usage condition and sleeping disorders. Pear got FDA De Novo clearance for its compound usage item, reSET, in 2017.

The business struck the general public markets in late 2021 through a merger with an unique function acquisition business, then a popular approach of public exit for digital health companies.

However the business’s stock rate has usually decreased ever since, and an October Rock Health report kept in mind openly traded digital therapies gamers have actually underperformed compared to other digital health business.

In the 3rd quarter, Pear reported $4.1 million in earnings and a $ 30.7 million bottom line The business likewise stated it had actually authorized more layoffs, impacting 59 staff members, or about 22% of Pear’s labor force at the end of September. It had actually formerly laid off 25 employees over the summertime.

Pear’s previous primary business officer, Julia Strandberg, likewise just recently left the business to direct health tech huge Philips’ linked care company.

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