Canadian Ladies's Well being Medtech Startup Positive aspects Viewers at MedCity INVEST
Fem therapies received the Canadian Pitch Observe at MedCity INVEST this week after being chosen by the general public over three different well being and medical expertise startups.
Fem Therapeutics is a Montreal-based medical machine firm targeted on girls's well being. It’s growing pelvic ground units, which might change with being pregnant and age, relying on the pitch deck. Inara Lalani, co-founder and CEO, introduced the corporate.
“Our imaginative and prescient is to carry the Invisalign mannequin to gynecology by creating the first-ever platform for personalised units for frequent pelvic ground circumstances,” based on the startup's pitch deck. “Beginning with the most important marketplace for pelvic ground issues, affecting greater than 1.3 billion girls, we plan to offer options throughout gynecology verticals to assist girls age with dignity and charm.”
A part of the ache level it needs to deal with is growing custom-made units like pessaries, menstrual cups and vaginal dilators for girls. It developed a 3D printing platform for {custom} pelvic well being units. Pelvic ground measurements are carried out utilizing a Pelvic Organ Prolapse Quantification system and the FemTherapeutics measuring glove.
Up to now, Fem Therapeutics has raised $2.5 million from buyers to assist its machine improvement efforts. Fen Therapeutics is trying to elevate an extra $4 million for 510(ok) clearance from the FDA, manufacturing amenities, a pivotal medical trial and strategic gross sales.
David Kereiakes, managing associate at Windham Enterprise Companions who additionally attended the Canadian pitch session, famous in an electronic mail: “Fem Therapeutics' progressive, efficient options personalize girls's well being care so sufferers can get the therapies they deserve . It’s thrilling to see how CEO Inara Lalani's imaginative and prescient is evolving girls's well being and additional driving the trade ahead.”
Three different corporations additionally participated within the pitch session.
Scope Orthopedics focuses on shoulder ache as a result of large, irreparable tears within the rotator cuff. It targets the section of this affected person inhabitants who has been injured as a result of trauma or degradation, who experiences delicate to average gleno-humeral osteoarthritis and who, based on the pitch deck, just isn’t a candidate for different surgical procedures.
A shoulder implant being developed by Attain Orthopedics may present long-term advantages to this affected person inhabitants by serving to them be extra lively. The machine trade is at the moment elevating $3 million to assist manufacturing, a medical feasibility research and operations.
PragmaClin research has developed a medical decision-making software that gives real-time motion monitoring and evaluation for folks with Parkinson's illness. It was co-founded by COO Gord Genge, who additionally has the illness, and CEO Bronwyn Bridges, who has a PhD in Parkinson's illness analysis. By monitoring how sufferers transfer out and in of the workplace, physicians can acquire a extra full image of their sufferers and illness development, with an eye fixed towards serving to physicians develop extra knowledgeable and efficient steerage for sufferers.
The corporate's regulatory path is software program as a medical machine. The software program, referred to as PRIMS, is a affected person evaluation software for neurologists within the clinic. PRIMS is an built-in system that screens, analyzes and assesses the severity of Parkinson's illness based on worldwide requirements. Sufferers generate the information by utilizing cameras and by finishing questionnaires and can even monitor their very own progress. PragmaClin raises a $1.5 million seed spherical, which might be used to rent a US medical lead and a enterprise improvement lead, full validation work, get hold of FDA approval and safe a scalable manufacturing course of, based on the pitch deck.
OPTT Well being The founders are targeted on AI to assist the big demand for psychological well being care. The strategy makes use of AI and pure language processing to investigate commonplace questionnaire information, affected person tales and biomarkers to assist medical doctors triage and select the appropriate care, on the proper time. The startup collects information from public boards and likewise makes use of proprietary medical information from 1,500 sufferers, and proprietary industrial information – 3,000 finish customers whose information has been anonymized, based on the pitch deck.
That is how OPTT Well being's expertise works. Sufferers present a narrative about why they search psychological well being care, both by way of a verbal or written description. OPTT's algorithms analyze these utilizing qualitative and quantitative approaches to generate clear and dependable insights. This supplies actionable insights to the care staff concerning the affected person's symptomatic situation/state of affairs classes and a suggestion for stage of care. The objective is to offer a digital answer that may diagnose sufferers extra effectively and assist therapists deal with sufferers extra effectively. It has a B2B enterprise mannequin primarily based on subscriptions, start-up prices and customization, triage product subscriptions and distant monitoring care plans.
OPTT has raised $1 million to this point. The corporate is trying to elevate one other $1 million in bridge financing and a $2.5 million fairness spherical, primarily for gross sales and advertising, but additionally to assist analysis and improvement, product improvement and buyer assist, based on the pitch deck.
Picture: Roberto Machado Noa, Getty Photographs