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India Funding News:

A unit of Adar Poonawalla-led Serum Institute of India, the world’s biggest vaccine maker, will double its investment to $300 million (Rs 2,458 crore) in one of Biocon Ltd’s subsidiaries that is also backed by private equity investors. Biocon Biologics Ltd and Serum Institute of Life Sciences (SILS) have agreed to withdraw their original deal announced in September 2021 and have instead stitched a new transaction.

Global Funding:

Morgan Health, a business unit of JPMorgan Chase focused on improving employer-sponsored healthcare, has invested $25M in Kindbody, a leading fertility clinic network and family-building benefits provider for employers.

Practice Better, a comprehensive platform for health and wellness professionals has announced a $27M growth investment led by Five Elms Capital, following a $1 million investment from Disruption Ventures in 2021.

TARA Mind, a mental health company focused on providing safe and affordable access to psychedelic-assisted therapy, has secured $3 million in pre-seed funding from Red Cell Partners, an incubation firm that invests in technology-led companies that bring advancements to healthcare and national security.

Amorai, a company focused on health and well-being based in San Francisco, has recently secured an undisclosed amount of funding in its pre-seed round.

FemTech News:

Talking and listening can reduce depression and heart attack risk. New study shows that people who came out of depression after psychological treatment experienced fewer cardiac events than those who did not. Read the report here.

Why investors are so ‘bullish’ on women’s health. Women are over 50% of the population, yet make 80% of health care buying decisions. It’s not just reproductive rights, it’s not just maternal health care. Women’s health is not just about women, it’s human health. Read in detail here.

Bonatra, a healthtech startup, has recently announced its acquisition of MyAva, a women’s health and wellness company. This move is aimed at expanding Bonatra’s holistic healthcare programs, and establishing it as a comprehensive platform for managing chronic health conditions.

Three friends and health tech startup make doctors available in rural India. which provides teleconsultations at Re 1. They claims to have catered to over 20,000 people in rural Madhya Pradesh so far.

Minister for Women and Child Development and Minority Affairs, Smriti Irani today launched the Rang De Neela, rural outreach program 2023, which is aimed at creating awareness about diabetes and preventing diabetes-related amputations.

A recent study suggests that sleep spindles, which are small bursts of brain activity detected by EEG during one phase of sleep, may regulate anxiety in persons suffering from post-traumatic stress disorder (PTSD).

The Indian digital healthcare industry was worth INR 524.97 Bn in 2021, according to the research “Digital Healthcare Market in India 2022-2027.” By 2027. Read how AI and digital health are shaping here.

Global Companies:

A Budapest-based company has launched the world’s first ‘AI-powered’ platform to support couples struggling to conceive. IVFinfo.AI, developed by Spring Molecular Diagnostics, is a multilingual website featuring an AI chatbot that can answer questions about assisted reproduction (ART) and fertility.

Health Innovation Network is launching “Accelerating FemTech”, a new initiative which will support innovators to boost the development of technology solutions to address current challenges in women’s health. Accelerating FemTech has been made possible through Innovate UK funding as part of the Biomedical Catalyst.

A women-led telemedicine platform focused on menopause care has officially launched in the US. FemGevity aims to offer women a more holistic approach to menopause care, in contrast to the “one-size-fits-all” mentality that has done little to help women struggling with symptoms..

FemTech India Partner Company News:

FemTech India will be representing the Indian FemTech landscape at the upcoming MedFemTech congress in Paris, France  to outline pointers to bring more engagement, involvement and investment to the Indian ecosystem. The event will take place May 9-10th/ MAY

Plush collaborated with Social to make its plush pad dispensers available across all social outlets, across India.

Rithish Kumar was newly inducted into the Board of Director as a Co-founder of PeeSafe.

Drugs, Diagnostics, and Pharma:

Entod Pharmaceuticals has announced the launch of Cyclotears eye drops in India and its various global markets for patients with inflammatory dry eye disease (DED), a commonly occurring condition. Cyclotears eye drops would be the first dry eye therapy in the world that incorporates the company’s indigenously developed proprietary self-emulsifying drug delivery system (SEDDS) technology.

Swiss pharma major Novartis AG has received an Indian patent for its NOD like receptor protein 3 (NLRP3) inflammasome inhibitors which could be used to treat a large number of inflammatory diseases which are caused by a faulty NLRP3 pathway. Companies including Novartis have been pursuing the potential for NLRP3 inflammasome inhibitors to find new ways to treat chronic diseases from Alzheimer’s disease, cancer, to osteoarthritis among others.

Royal Philips has announced the launch of Philips Image Guided Therapy Mobile C-arm System 1000 – Zenition 10, a new addition to the company’s Zenition mobile C-arm series. Based on Philips’ state-of-the-art flat panel detector technology, Zenition 10 helps to expand patient access to routine surgical care and minimally invasive procedures.

Government News:

The Union Cabinet approved the National Medical Devices Policy, 2023, which aims to reduce India’s heavy import dependence in this sector. The National Medical Devices Policy, 2023 is expected to facilitate growth of the medical devices sector to meet the public health objectives of access, affordability, quality and innovation. According to the government data, the market for medical devices in India was estimated to be $11 billion (approximately, ₹ 90,000 crore) in 2020, accounting for 1.5% of the global market.

AIIMS New Delhi and India Medtronic Private Limited, wholly owned subsidiary of Medtronic plc, announced the opening of a state-of-the-art surgical robotics training centre at AIIMS, New Delhi. The centre will provide surgeons with best-in-class training in robotic-assisted surgery. It is the first such centre at AIIMS utilizing Medtronic’s Hugo robotic-assisted surgery (RAS) system, which was first introduced in India in September 2021.

Practo, India’s leading integrated healthcare company, has announced that its practice management software—Ray is now compliant with the Ayushman Bharat Digital Mission (ABDM). Through this, all doctors and healthcare professionals who are currently using Ray will be able to join the ABDM ecosystem and can avail all the benefits provided by the government including the Digital Health Incentive Scheme (DHIS).

Research, Insights, and Market Projections:

Three years ago, international research commissioned by the journal Lancet identified 12 modifiable risk factors for dementia, including three new ones: excessive alcohol use, brain injury, and air pollution. A team of researchers, led by scientists at University of California San Diego, further elaborate on how exposure to the last of those new factors — ambient air pollution, such as car exhaust and power plant emissions — is associated with a measurably greater risk of developing dementia over time.

Researchers develop novel treatment strategy for damaged cartilage. Providing shock absorption and enabling fluid joint movement, cartilage is a tissue that safeguards bones. Sadly, stem cell transplantation is a promising therapeutic strategy to deal with cartilage inflammation and damage, as well as to promote cartilage regeneration, despite its limited intrinsic healing capacity.

Researchers discover new approache that help overcome treatment resistance in cancer. Without functioning T cells, which destroy tumour cells, our bodies are unable to combat cancer. In order to increase the immune system’s capacity to eliminate malignant cells, one of the main objectives of immunotherapy is to reverse T cell fatigue. Melanoma researchers at Sanford Burnham Prebys have devised a fresh method to accomplish this.

Jobs on Board:

Sirona is looking for Executive – Government Sales. Sirona is an ecosystem for menstrual and intimate hygiene products.

Allo is looking for a Social Media Specialist. Allo is India’s first digital health clinic for sexual wellbeing.

Kindly is looking for a copywriter. Kindly is Asia’s only diagnostics-first platform for sexual care and performance health.

Baesic is looking for a Program Coordinator. Baesic is a menstrual hygiene products company.

Newmi is looking for a Corporate Sales Executive. Newmi is India’s first and largest Phygital ecosystem focused on women’s health and wellness.

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

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