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India Funding News:

  • CrisprBits raised 250,000 USD in Pre-seed funding from US-based VJ Group. Founded by Dr. Vijay Chandru, Sunil Arora, Dr. Rajeev Kohli, Bharat Jobanputra, and Aditya Sarda in 2020, CrisprBits was started with a vision of developing high-quality healthcare solutions in diagnostics and gene editing
  • AI enabled mental health & holistic wellness platform United We Care has recently secured $1.5 million in seed funding led by marquee investors. Currently the company has operations in India, Singapore and US and has been enabling and delivering complex interventions across cognitive, physiological and behavioural frameworks

Global Funding:

  • Natural Cycles, a women’s health company known for its basal temperature-based birth control app, has received $ 7 million from Samsung Ventures to intensify its AI/ML efforts and hardware development. 
  • Twentyeight Health, a telehealth company providing affordable access and convenience for reproductive and sexual health, announced that it has raised $8.3 million in Pre-Series A funding.
  • Menopause activist and podcaster Rachel Lankester has launched an educational forum to support women and de-stigmatise menopause. MenoClarity aims to provide women with clarity, balance and trustworthy information around menopause and highlight research and “evidence-based” information.

FemTech News:

  • Samsung Adds Menstrual Cycle Tracking Capabilities to Galaxy Watch5
  • Avni- Thane-based Menstrual Healthcare Startup has Improved the Lives of 55,000+ Indian Menstruators Since its Inception.
  • Infosys Foundation collaborates with Karnataka Health Department to advance maternal and child healthcare. 
  • Top Five Opportunities And Challenges Of AI In Healthcare – Read Here
  • 84% healthcare providers to increase digital solutions budget in next 12 months: Survey 
  • The Supreme Court will hear on February 24 a plea seeking menstrual leave for all working women and female students across India. The plea filed by Advocate Shailendra Mani Tripathi was mentioned before the bench of CJI DY Chandrachud and Justice PS Narasimha.Tripathi in his plea has stated that menstrual periods have been largely disregarded by society, the government and other stakeholders, but some organizations and state governments have taken notice.
  • In India, AI can potentially fill gaps in mental health services, but how practical is it? – Read Here

Global News:

  • The pandemic took a harsh toll on U.S. teen girls’ mental health, with almost 60% reporting feelings of persistent sadness or hopelessness, according to a government survey released. Sexual violence, suicidal thoughts, suicidal behaviour and other mental health woes affected many teens regardless of race or ethnicity, but girls and LGBTQ youth fared the worst on most measures, according to the Centers for Disease Control and Prevention report. 
  • Top Seed Trends Include Carbon Capture, Women’s Health And AI Productivity – Read Here

FemTech India Partner Company News:

  • Sujeet Katiyar FemTech India Advisor will be one of the speakers at GLOBAL DIGITAL HEALTH CONGRESS 2023 is the flagship event that will convene top thought leaders who are shaping tech-enabled healthcare and addressing key issues in digital health innovation to bring you exclusive, high-quality education and networking opportunities. 
  • Sirona Hygiene has opened its Youthinkers Campus Ambassdor Program to bring together young minds of India who want to learn from Industry leaders.
  •  Allo Health has recently started a community for Mental Health professionals called “Learn with Allo” in an effort to bridge education gaps that exist with regards to sexual education
  • Noureen Ayesha, the Co-Founder of FemiSafe participated as a Keynote Speaker in the International Conference on  “Feminine Hygiene Management – Beyond Taboo”

Drugs, Diagnostics, and Pharma:

  •  Pharma exports to the top 10 destinations for the industry have seen a decline of 4.2 per cent during the last fiscal year ended March, 2022, led by a decline in exports to countries including South Africa and United States of America, according to the Ministry of Commerce and Industry.
  • India-Sweden Healthcare Innovation Centre and its knowledge partner AstraZeneca India collaborated with the Directorate of Health Services (DHS) Jammu to integrate’s smart artificial intelligent technology to detect lung cancer early on.
  • To make quality cancer treatment accessible and affordable for everyone, Johnson & Johnson MedTech India is joining hands with Karkinos Healthcare, an end-to-end technology platform, to pursue opportunities in upskilling healthcare professionals in cancer care

Government News:

  • Dr Vinod Kotwal, Member Secretary, National Pharmaceuticals Pricing Authority (NPPA) has urged the Indian pharmaceutical companies to register in Integrated Pharmaceutical Database Management System (IPDMS 2.0) for making a robust database of companies and expediting the process of regulatory approvals for drug manufacturing in India.
  • The Government of Telangana has announced that it is partnering with Flanders a vibrant and dynamic region of Belgium, to explore multiple opportunities in the Lifesciences sector aimed at Vaccines and mRNA technological platforms, Immunotherapy, Life Sciences university partnership and Cluster-to-Cluster collaborations (VIB and Genome Valley in particular).

Market Insights and Projections:

  • Grant Thornton Bharat and Association of Healthcare Providers (India) (AHPI) study shows 84% healthcare facilities likely to increase budget on digital solutions. This is because healthcare providers are working to bring in operational efficiencies, enhance service delivery and improve health outcomes, technology is finding greater application across the value chain.
  • In the Union Budget 2023-24, the Indian government announced to establish three artificial intelligence (AI) centers of excellence as part of “Make AI for India” and “Make AI work for India” initiatives.According to GlobalData, this is likely to bring in a new era of breakthrough in patient care by powering a new generation of systems that provide clinicians with smart tools and devices when providing care.
  • A recent study led by Dr. Susmita Chatterjee from The George Institute of Global Health, India, has shed light on the long-term economic impact of TB on patients, even a year after the end of treatment.The study has also shown that India still has a long way to go to reach the goal of zero catastrophic costs for all patient groups, as stated in the END TB Strategy.
  • The global digital health market size will expand around USD 1,694.21 billion by 2032 from accounted for USD 332.53 billion in 2022, growing at a registered CAGR of 19.2% from 2022 to 2030, according to new study by Precedence Research.

Jobs on Board:

  • Allo Health is looking for a Social Media Marketing Intern. Allo Health is India’s first digital health clinic for sexual wellbeing which offers personalised healthcare solutions.
  • Kindly is looking for a Creative Content Writer and a Copywriter. Kindly is Asia’s only diagnostics-first platform for sexual care and performance health.
  • Elda Health is looking for a React Developer Intern. Elda is a digital wellness platform  that offers mid-life and wellness solutions
  • Hera is looking for a Corporate Event Manager. Hera is a wellness and fitness services startup based out of Hyderabad.
  • Miind My Mind is looking for a Sales and Marketing Inter. Miind is a complete ecosystem for all mental health and wellbeing related issues.

Today’s newsletter is brought to you by Navneet Kaur and Jayant Pal Singh

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