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Global Funding:

  • Delphinus Medical Technologies, a pioneer in dense breast medical imaging, has secured $12M in growth capital from Trinity Capital. The funding will accelerate the adoption of their SoftVue 3D Whole Breast Tomography System, which enhances early breast cancer detection.
  • The National Institutes of Health (NIH) has granted $24M for the establishment of Maternal Health Research Centers of Excellence. This initiative is part of the NIH’s Implementing a Maternal Health and Pregnancy Outcomes Vision for Everyone (IMPROVE) project.
  • Visana Health raised $10.1M in a seed funding round. The round, oversubscribed and co-led by Flare Capital Partners and Frist Cressey Ventures, also saw participation from InHealth Ventures, Oxeon Partners, Pixel Perfect Ventures, Venture Investors, among others. 
  • The Israeli femtech company Escala Medical has secured €5.5m in grant and equity investment from the European Innovation Council to “revolutionise” pelvic organ prolapse treatment.

FemTech News:

  • Femtech’s untapped potential is a trillion-dollar wakeup call to investors. Currently, there are 1,800 companies categorized under femtech and targeting health and wellness for women and girls. The femtech sector is forecast to represent a $1.186 trillion market by 2027, illustrating its vast potential.
  • Women experiencing poor mental health may be at a 50 per cent greater risk of giving birth preterm, researchers have found. The data found that women who had at least one contact with mental health services in the seven years prior to their pregnancy were at increased risk.
  • Australian researchers are working on a new blood test to improve ovarian cancer diagnosis, with the potential to reduce unnecessary surgery. The test will be underpinned by a novel biomarker, CXCL10, which is produced early and at high levels by ovarian cancers, but not in non-malignant disease.
  • A new artificial intelligence system could improve the quality of life of millions of women suffering from endometriosis. The system uses machine learning to analyse data from pelvic scans and magnetic resonance imaging (MRI) to identify endometriosis lesions.
  • In recent decades, India has made substantial progress in improving health indicators and increasing life expectancy. These advances can be largely attributed to the developments in medical technology and telemedicine tools that have increased access to healthcare services, but exceptions remain in rural parts of the country.
  • The National University Health System in Singapore (NUHS) is tapping into artificial intelligence technology to improve clinicians’ productivity. At the heart of this goal lies its newly-launched GPT tailored for healthcare providers. 

FemTech India Partner Company News:

  • Deep Bajaj, co-founder of Sirona Hygiene was interviewed by Exchange4Media, where he discussed the dismantling of stigmas around female hygiene issues.
  • Dr. Ameya Kulkarni Kanakiya, gynaecologist and co-founder of Elda Health conducted a workshop with Rakuten India that detailed out facts and information about PCOS.
  • Nupur Aggarwal of PeeSafe was featured in the podcast titled “Marketing the Untold Story” where she spoke about how PeeSafe’s flagship product revolutionized the Indian market.
  • FemVed, in collaboration with FemTechIndia is hosting a Hormonal Healing Soiree- an exclusive Sound Bath therapy, in Bengaluru on 02 September.

Global News:

  • Israeli pregnancy care company, Nuvo Group, announced a decision to merge with LAMF Global Ventures Corp. I (LGVC), a publicly traded special purpose acquisition company (SPAC). The strategic move aims to take Nuvo public.
  • German healthtech startup Fertilly has recently launched Europe’s first home fertility test that utilizes the dry blood method. This technology allows women to gain precise insights into their fertility health using a few drops of dry blood from the comfort of their homes.
  • Virtual abortion care provider Hey Jane is broadening its online services to include treatments for vaginal infections, birth control, and emergency contraception. This expansion seeks to provide a discreet and accessible solution for these reproductive and sexual health issues, leveraging their established digital healthcare platform.

Drugs, Diagnostics, and Pharma:

  • Daiichi Sankyo announced that Enhertu (trastuzumab deruxtecan) has been approved in Japan for the treatment of adult patients with unresectable advanced or recurrent non-small cell lung cancer (NSCLC) with HER2 (ERBB2) mutations that has progressed after chemotherapy.
  • Sirio Europe (SIRIO), the leading global nutraceuticals contract development and manufacturing organization (CDMO), will launch two new softgels targeted at customers who look to innovate in the consumer health space at CPHI Barcelona.
  • Mylab Discovery Solutions has introduced two state-of-the-art tests for the detection of dengue infections: the Dengue Rapid Gold Test and the dengue high accuracy Dry Luminescence Assay Test. These rapid point-of-care tests have been developed to meet the critical testing needs for dengue infections in our country.

Research, Insights, and Market Projections:

  • With the demand for sterilisation methods continuing to increase owing to the growing awareness of disinfection and sterilization among healthcare personnel and general population, the sterilisation equipment market in India is expected to reach $170 million in 2033, forecasts GlobalData, a leading data, and analytics company.
  • A recently conducted survey by The Association of Physicians of India (API) and Ipsos, in 16 cities among adults aged 50 years and older, their caregivers and doctors has yielded compelling insights into why there is low adoption of adult immunisation in India.
  • India’s pharmaceutical export has reported a muted growth at 0.09 percent during the month of July, 2023 and a cumulative growth of 3.99 per cent for the four months from April, according to official data.

Government News:

  • Union minister for health and family welfare, Dr. Mansukh Mandaviya launched ‘Global Initiative on Digital Health (GIDH) – a WHO Managed Network’ in the presence of Dr Tedros Adhanom Ghebreyesus, Director General, World Health Organization.
  • In a significant and eagerly anticipated development, the Indian Parliament has recently passed the National Nursing and Midwifery Commission Bill, 2023 which is a pivotal decision which signifies a critical advancement towards augmenting healthcare quality and safeguarding the interests of nurses, midwives, and patients across the nation.
  • The newly launched National Accreditation Board for Testing and Calibration Laboratories (NABL) lab in Bengaluru will strengthen medical, calibration and testing laboratories in the state.

Jobs on Board:

  • iMumz is looking for an Area Sales Manager. iMumz is a fastest growing platform for Indian pregnant women which is trusted by doctors.
  • PeeSafe is looking for a KAM – Quick Commerce. PeeSafe is a wellness and fitness services brand that covers products on toilet, menstrual, personal hygiene and wellness.

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

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