Indian Funding:
- FemTech India Partner Company Pee Safe has raised $3 Mn as part of its $6 Mn Series B funding round. The funding round has been led by Natco Pharma and Zerodha founders Nithin and Nikhil Kamath led Rainmatter Health. Pee Safe’s existing investors, like Alkemi Growth Capital, also participated in this round of funding.
- Punjab focused healthcare provider Ivy Health has secured Rs 525 crore from India Resurgence Fund (IndiaRF), an India-focused investment platform. Following the investment, IndiaRF has become the majority shareholder of Ivy.
Global Funding:
- Fertility startup Myma Medical has secured an additional £145K from innovation management consultancy LYVA Labs. bringing LYVA Labs’ total support for the UK-based startup to £779K, including grant leverage. Myma Medical is advancing fertility treatments with its patented autoICSI (Intracytoplasmic Sperm Injection) system.
- Mavida Health has raised $1.5M in pre-seed funding. The startup, co-founded by Sarah Oreck and Emma Sugerman, aims to address the growing concern of mental health disorders among new and expecting mothers.
- Fertility startup Myma Medical has secured an additional £145K from innovation management consultancy LYVA Labs. bringing LYVA Labs’ total support for the UK-based startup to £779K, including grant leverage.
Global News:
- Caldera Medical, a medical device company has announced the completion of its acquisition of Atlantic Therapeutics, an Ireland-based medical device provider specializing in non-invasive pelvic floor strengthening and nerve-stimulating solutions.
- Vistagen Therapeutics announces encouraging results from its Phase 2A clinical study of PH80, a neuroactive nasal spray designed for the acute management of premenstrual dysphoric disorder (PMDD).
- The US fertility technology company TMRW Life Sciences has received a CE mark for its automated platform for the management and storage of frozen eggs and embryos.
FemTech News:
- Short-term ketogenic diet were found to significantly enhance weight loss in women having polycystic ovary syndrome (PCOS), according to new research. Resorting to the low-carbohydrate, high-fat diet for 45 days also improved women’s hormonal imbalances usually seen in PCOS, the meta-analytical study by the Malaysian Ministry of Health found.
- Researchers at the National Institutes of Health (NIH) found that living in an area with high levels of particulate air pollution was associated with an increased incidence of breast cancer. The researchers saw that the largest increases in breast cancer incidence was among women who on average had higher particulate matter levels (PM2.5) near their home prior to enrolling in the study, compared to those who lived in areas with lower levels of PM2.5.
- Research shows that women who live farther from a medical clinic and those who identify as multiracial are more likely to use telemedicine to get abortion pills. Women who identified as multiracial or “other” race were four and a half times more likely to access the clinic’s telehealth services than other women.
- Scientists have developed a test for detecting a “hard-to-find” type of cervical cancer. The novel test appears sensitive for detecting cervical adenocarcinoma [ADC], which accounts for up to 25 percent of cervical cancer cases, as well as some lesions, called adenocarcinoma in situ [AIS], that often develop into ADCs.
- Ovarian Cancer Research Alliance has launched a campaign to urge women and men with a family history of ovarian or related cancers to undergo genetic testing.
- The UK government has launched a new survey in a bid to encourage women to share their views on reproductive health. Women across England are being encouraged to help “shape” future reproductive health policy by sharing their experiences of a range of issues, including periods, contraception, fertility, pregnancy and menopause.
- The UK’s Information Commissioner’s Office (ICO) is reviewing period and fertility apps as new figures show more than half of women have concerns over data security. The regulator contacted companies to find out how they are processing users’ personal information.
FemTech India Partner Company News:
- Humm Care is organizing a free nutrition session in Mumbai on 23rd September at Physique57 studio, Mumbai and is offering a free 1:1 nutrition session to all the attendees.
- Allo Health has introduced Sexpert AI – a doctor vetted content, and evidence-based information which aims to provide all information on sexual wellness
- Sirona has announced its product – PooFume, a blend of essential oils to combat toilet odour to provide an odour-free experience.
- PeeSafe received the E4m Health and Wellness award for the Best Brand Identity for their World Toilet Day Campaign.
- HempStreet was recognized among the top 10 Best Hemp Product Brands of 2023, as recognized by Success Insights India.
Drugs, Diagnostics, and Pharma:
- Maxivision Super Speciality Eye Hospitals has inked a Memorandum of Understanding with the Government of Tamil Nadu to set up eye hospitals across the state under the project Velicham.
- Fluent BioSciences, announced the award of an NIH Small Business Innovation Research (SBIR) phase II grant, funded by the National Institute of General Medical Sciences (NIGMS, 1 R44 GM1376648). This funding will advance the commercialization of groundbreaking methods and reagents for high-throughput single cell analysis.
- Zura Bio Limited, Benaroya Research Institute (BRI), a Seattle based non-profit research institute within Virginia Mason Franciscan Health, announced that they have entered into a sponsored research agreement focused on further characterizing the pivotal role of Interleukin-7 receptor alpha (IL-7Ra) in Thymic Stromal Lymphopoietin (TSLP) and Interleukin-7 (IL-7) signalling pathways.
Government News:
- Maxivision Super Speciality Eye Hospitals has inked a Memorandum of Understanding with the Government of Tamil Nadu to set up eye hospitals across the state under the project Velicham. Going by its ability to formulate products with advanced technologies including modified drug delivery systems, sterile parenteral nutrition as well as sterile parenteral nutrition for administration through IV, blended granules and powders, Indian pharma is considering to manufacture nutraceuticals under Atmanirbhar Bharat.
- The Indian Institute of Technology Kanpur (IITK) has signed a memorandum of understanding (MoU) with Sensa Core Medical Instrumentation Pvt Ltd for mass manufacturing and sales of a novel point-of-care technology developed at the institute for rapid analysis of bilirubin in human blood/serum along with its three variants.
Research, Insights, and Market Projections:
- The domestic surgical sutures market will continue to grow at a compound annual growth rate of over 13% to reach $380 million in 2030, forecasts GlobalData, a leading data and analytics company.
- Australia has been actively looking to collaborate with India in the field of digital technology and medical devices. Both countries recognize the potential benefits of such collaborations in terms of innovation, economic growth, and improved healthcare services.
- Loneliness, the feeling of being socially isolated, has been linked to changes in our brains, according to a recent research study. As people experience more social isolation, their memory tends to decline over time, and this link appears to be a one-way street – loneliness affecting memory, rather than the other way around.
Jobs on Board:
- Allo Health is looking for a Patient Care Coordinator. Allo is India’s first digital health clinic for sexual wellbeing.
- Pee Safe is looking for a Growth Marketing Manager. Pee Safe is a wellness, menstrual, sexual hygiene expert whose was the key product Toilet Seat Sanitizer
