Indian Funding:
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Femisafe, a kochi-based FemTech company has raised investment from Spark Angel Network, a discussion that was initiated at the Calicut edition of founders meet helpd in September 2022.
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THB, an Enterprise Healthcare SaaS company, has raised$20 million funding in a growth equity round led by Filter Capital and Edelweiss Discovery Fund Series-I. Cornerstone Venture Partners Fund (CSVP) and Healthquad, among others, also participated in the round.
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GenWorks Health, a renowned medical technology company headquartered in India, has raised an investment of $4 Million from BlackSoil, an alternative credit platform based in Mumbai.
Global Funding:
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Embr Labs Raises $35M in Debt Financing for Its Thermoregulating Wristband for Women Going Through Menopause.
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Stella, a company based in Chicago, specializing in providing comprehensive treatment for post-traumatic stress, anxiety, depression, traumatic brain injury, and Long COVID, has secured $7M in funding from Sterling Partners.
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HelloBetter has raised a €7M in Series A+ funding led by MassMutual Ventures to support further commercialization in Europe and the
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ai, a healthtech start-up based in Copenhagen, has secured $5.3M in funding for its AI-supported nursing companion. The company’s solution provides nurses with real-time monitoring tools and assists with paperwork.
FemTech News:
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India among top 5 countries where babies are born too soon. Almost half of all pre-term births (babies born before the 37th week of pregnancy) in 2020 happened in five countries — India, Pakistan, Nigeria, China and Ethiopia — according to a new report released by the United Nations (UN) agencies and partners. Read more here.
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AI could transform the maternal care sector and make healthcare less stressful. Integrating technology into everyday practices could make healthcare safer and less stressful for all parties involved. AI can help assist the healthcare provider by providing a more accurate result for the patient while also taking some of the stress off of the healthcare provider. Read more here.
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Menopause symptoms cost women in the US $1.8b every year, new research reveals. Working women in the US may lose an estimated US$1.8b each year due to menopause, researchers from Mayo Clinic have found. Read more here.
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AI-enabled teleradiology pushes for faster scan reports. Usually reports take 24 hours to get generated, but with the AI platform, it is possible to gather the diagnostics within 12 minutes. Read more here.
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GOQii, a leading smart preventive healthcare company based in Mumbai, has announced the trial phase of ‘GOQii SugarWise’, its cutting-edge non-invasive innovative diabetic risk monitoring system. The trial of the innovative solution in early diabetes risk detection will be conducted in partnership with a leading Clinical Research Organisation (CRO) in order to validate its effectiveness.
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In a first for the country, drones transported blood bags. In a first in India, validation of blood bags delivered by drones compared to the conventional method of transportation was done today.”
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Out-of-pocket health spend falls, govt share rises: Ministry. According to the report, 55.9 percent of the government’s total health spend for 2019-20 went to primary care, 29.6 per cent to secondary care, and 6.4 per cent to tertiary care.
Global Companies:
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Naomi Watts joins menopause campaign group ahead of US launch. The menopause campaign group Menopause Mandate is to launch in the US, with award-winning actor Naomi Watts taking on the role of chair.
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The US insurer MassMutual has launched a US$100 fund to invest in black-led start-ups across Massachusetts. The company, which launched its first US$50m fund in early 2021, is targeting areas such as healthcare equity, economic inclusion and HR and education.
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A London-based neurotech start-up is developing a medical device to tackle symptoms associated with the menstrual cycle. The Samphire Headband, developed by Samphire Neuroscience, uses a technology called transcranial direct current stimulation to improve key physical and mental symptoms associated with premenstrual syndrome (PMS), premenstrual dysphoric disorder (PMDD) and menstrual pain.
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Fairtility, the transparent AI innovator powering IVF for improved outcomes, has announced that its CHLOE tool has won the Women’s Health Innovation Award at the annual MedTech Breakthrough Awards.
- 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:
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PeeSafe has launched its range of intimate hygiene, and menstrual hygiene products kiosk at DLF Avenue, Saket.
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Swathi Kularni – Co-founder and CEO of Elda Health hosted a conversational webinar along with Odette Katrak, Co-founder – Beautiful Bharat on the topic- How to support someone going through menopause.
Drugs, Diagnostics, and Pharma:
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Siemens Healthineers, a company that pioneers breakthroughs in healthcare, announced that it has entered into an agreement to distribute Scopio Labs’ full-field digital cell morphology technology, which will enable clinical laboratorians to examine patient blood cell samples digitally instead of under a microscope.
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Revvity, Inc, previously affiliated with PerkinElmer, Inc, has officially been launched as a science-based solutions company that leverages innovation across life sciences and diagnostics to help improve lives everywhere. The company’s comprehensive scientific software platform, previously known as PerkinElmer Informatics, will become Revvity Signals Software, Inc. Revvity Omics replaces PerkinElmer Genomics as the company’s genomics services business.
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Pfizer and Thermo Fisher Scientific Inc. announced they have entered into a collaboration agreement to help increase local access to next-generation sequencing (NGS)-based testing for lung and breast cancer patients in more than 30 countries across Latin America, Africa, the Middle East and Asia where advanced genomic testing has previously been limited or unavailable. Access to local NGS testing can help to provide faster analysis of genes associated, empowering healthcare providers to select the right therapy for that individual patient.
Government News:
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Common Services Centers (CSC) , under the Ministry of Electronics & IT, has partnered with Medikabazaar to strengthen healthcare through availability of medical supplies and equipment in smaller towns and rural India. The collaboration will benefit thousands of small towns and villages by providing simpler and faster access to a wide range of medical supplies and equipment in Tier 3 & 4 cities, apart from remote areas.
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All India Institute of Ayurveda (AIIA) and Central Council for Research in Ayurvedic Sciences (CCRAS) jointly organised an Interactive meet for Research and Education in Ayush with focuss on R& D , Education and capacity building. The objective of the interactive meet was to brainstorm and set goals to capitalize on the expertise and experience of the Chairs in academic and research avenues.
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The Department of Pharmaceuticals (DoP) has come out with the guidelines for the scheme for Assistance to Medical Device Clusters for Common Facilities (AMD-CF) with proposed financial outlay of Rs. 300 crore to offer financial assistance to strengthen the existing and new medical device clusters through creation of common infrastructure facilities.
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Section 194 R of IT Act to penalize pharma companies offering freebies to doctors beyond threshold limit of Rs 20K. Even as Section 194 R under the Income Tax (IT) Act today provisions to penalize pharma companies offering freebies to doctors beyond a threshold limit of Rs 20,000 under the TDS laws, pharma industry is pulling out all the stops to comply with the stringent Section 194 R to avoid penal provisions and prosecution.
Research, Insights, and Market Projections:
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Researchers at the University of California – San Francisco (UCSF) have found that sleep spindles, brief bursts of brain activity that occur during non-rapid eye movement 2 (NREM2) sleep, may regulate anxiety in people with post-traumatic stress disorder (PTSD).
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Scientists at the National Institutes of Health have identified new genetic risk factors for two types of non-Alzheimer’s dementia. These findings were published in Cell Genomics and detail how researchers identified large-scale DNA changes, known as structural variants, by analyzing thousands of DNA samples.
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A study has found that spending 30 minutes or more on a mobile phone per week is linked to a 12% increased risk of developing high blood pressure or hypertension. The study, published in the European Heart Journal – Digital Health, used data from the UK Biobank to examine the relationship between talking on mobile phones and new-onset hypertension.
Jobs on Board:
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Pee Safe is looking for an Institutional Sales Manager. Pee Safe makes chemical free intimate and menstrual hygiene products.
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Allo is looking for a Social Media Specialist. Allo is India’s first digital health clinic for sexual wellbeing.
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Allo is looking for a Content Writer (Intern). Allo is India’s first digital health clinic for sexual wellbeing.
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Kindly is looking for a Graphic Designer. Kindly is Asia’s only diagnostics-first platform for sexual care and performance health.
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Baesic is looking for a Program Coordinator. Baesic is a menstrual hygiene products company.
