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Doximity buys Pathway Medical for $63 million to help doctors get AI-powered answers

1. Doximity acquires Pathway Medical for $63 million, enhancing AI capabilities. 2. Pathway offers a robust clinical tool sourced from medical literature. 3. Doximity's stock has increased 8% this year and 90% in 2024. 4. Integration with Pathway is in progress, involving thousands of doctors. 5. Quarterly investor call scheduled for Thursday will discuss first-quarter results.

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Why Bullish?

The acquisition enhances Doximity's AI capabilities, positioning it well in healthcare tech, similar to past successful tech acquisitions that boosted stock prices, like Salesforce's acquisition of Slack.

How important is it?

The article outlines a significant acquisition that strengthens Doximity's market position and product offering, likely leading to increased stock interest.

Why Short Term?

Market sentiment may favor immediate reaction due to the recent acquisition and upcoming earnings call, aligning with behaviors seen in similar news cycles.

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