Bankruptcy Auction For Pear Therapeutics Raises $6 Million, Four Bidders Selected

On May 19, 2023, the assets of bankrupt Pear Therapeutics, Inc., went up for auction and a bankruptcy judge selected four bidders, raising a total of $6.05 million toward Pear’s debt of $32 million. The selected bidders—Click Therapeutics, Harvest Bio LLC, Nox Health Group and Welt—purchased Pear’s assets and intellectual property related to digital prescription digital therapeutics (PDTs), which use software to treat diseases directly. A fifth bidder, XRHealth, Inc., was selected as a back-up bidder for some of the assets bid on by Harvest Bio. The bids must still be given final approval . . .