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#38 🍩 What the Health - Scripts with sausages, Junk Food Ad bans & Google's helping everyone build with AI
Your health tech & innovation TL;DR roundup
Last week we officially cracked 5000 Health tech & innovation-loving legends!
Yay 💜 Welcome newbies. And a big thank you crew. Y’all are truly amazing.
Quick recent shenanigan review
DHF was fun - spreading great content, ideas, inspiration…
And, COVID 😂 🥲 (RIP - sorry if you have not heard from me)
PS - Our new private community crew is joining soon (woo!)
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💊 InstantScripts is getting acquired for $135m by Wesfarmers Health
(Maybe we can all get scripts with Bunnings snags soon)
…Just days after a piece dropped profiling the retail giant saying it “has its eyes firmly on the multi-billion dollar health and wellness industry”
🧫 Nutromics, the “lab-on-a-patch” continuous monitoring sensor crew closed another $11m
👀 Breakthrough Victoria is putting $10m towards a new world-leading eye clinical trials centre to provide early access to new treatments
🦠 ImmVirX, a team of repeat doctor founders nabbed a $15m Series B, with hopes to hit $25m to help get their cancer-killing virus beyond its first human tests
🥛 Woolworths bought the recently closed Milkrun for a rumored $10m
(that’s the power of brand baby)
👨👩👧👦 Autism 360, who support families with neurodivergent children, landed $2m as it looks to IPO
🎧 Nuheara, ASX-listed personalized headphone co raised $4.4m to expand smart hearing tech internationally
🤖 Enlitic, a Silicon Valley healthcare AI biz is supposedly preparing to go at the ASX
👩⚕️ CU Health is hunting for $4m to expand and “offer employees a quicker way to access professionals from one centralized platform”
💜 oVRcome, a VR software to treat anxiety and phobias through tailored exposure therapy and CBT is also looking for investment for growth
💪 As Jenny Craig sheds pounds and shuts down, Eucalyptus bulks up acquiring its digital assets
🤰Genea Biomedx is set to launch AI in IVP practices to help embryologists select viable embryos
🍄 Psychedelic mental health treatments go live soon and looks like even Health insurers (HIF), ASX-listed orgs & Canadian Pharma are getting on board
🔥 A QLD consortium launched another Clinician innovation program - the Clinician Entrepreneurship Change Agent Program (CECAP)
✅ Ramsay Health reckon they have a plan to help lift healthcare’s productivity…. ft Robots and shorter stays
🔢 Beamtree’s new Ainsoff Deterioration Index™ appears to be able to forecast adverse patient events, including whether they may need intensive care or possibly die more than 24 hours in advance giving clinicians the chance to intervene early
🤝 HealthShare and AstraZeneca partnered to screen patients at risk of Chronic Kidney Disease (CKD), identifying >13,000 patients at risk in just 2 months
✨ Magnetus (previously Citadel Group) went from a mere $70m in market cap during covid, to delisting from the ASX, and now being worth more than $1bn. Wild
🧠 Nicolab snagged a contract to supply AI-powered stroke software to the Victorian Stroke Telemedicine service so clinicians can gain real-time access to critical brain imaging analysis and diagnostic insights
Gov & Policy
🍭 Junk food ads might be banned from Australian children’s entertainment platforms and social media, with a new bill to try stamp out childhood obesity
📉 Doctors fees covered by the MBS hit an all-time low this year - with remaining portions likely falling to out-of-pocket fees or health insurance
💰 The fed announced $50m primary care research initiative to ‘supercharge’ innovation and help groups with poorer access to healthcare
🙊 GenesisCare, the country’s largest cancer care provider, was found to have charged some patients for treatment when they were contracted to only bulk bill
🧫 Jumar Bioincubator, Aus's newest biotech incubator in CSL’s fancy new Melbourne digs officially said g’day to the world
🏗️ The Gold Coast started construction on its $154m “state-of-the-art” life science innovation centre, RDX
US & Beyond the Borders
🍏 Apple announced
Its long-awaited foray into AR with Apple Vision Pro, which supposedly “seamlessly blends the real and digital world” 🥽
Big moves in Mental health, Vision health & put the Health app on the iPad
🚕 Uber Health launched Grocery over-the-counter delivery for patients
Community in fitness, really is key is seems…
💍 Oura, the cult wearable ring rolled out “circles”, its community feature
🧘♀️ Lululemon unveiled their new app-based digital membership play
🏃♀️Nike introduced Nike Well Collective - their commitment to “deliver innovation, expertise, services and experiences across body, mind and life” ft. a heap of practitioners and holistic-based practices
🎸 Universal Music Group partnered with generative music maker Endel - to use tech that senses real-time inputs like movement, heart rate, and weather — then tailors AI-powered music to promote well-being #Music-as-Medicine
👩⚕️ WedMD is on an acquisition spree, offering a 325% premium to acquire immersive employee well-being specialist Limeade
❌ Norway plans to ban unhealthy food adverts aimed at kids
📱Bayer is launching a precision health unit as it ramps up its investment in consumer-facing digital health tools
🍄A new study unveiled just how Psychedelics appear to promote neuroplasticity ft. apparent antidepressant effects
By directly binding to BDNF receptor TrkB. Providing direction toward creating the antidepressant potential of psychedelics without hallucinogenic effects
😩 Is stress upsetting our tummies?
Studies show just how psychological stress can cause and exacerbate inflammation in the gut - with the ENS (Enteric Nervous System), acting as a relay between the brain and gut
💊 “Productivity pills” might actually make your productivity… poorer?
At least that’s what new research from Cambridge on ADHD medication, Ritalin and Dexamphetamine shows for those without the condition
🌱 A supplement to slow aging?
A new study published in Science seems to show, for the first time, that large doses of taurine, an amino acid, might provide a host of benefits including slowing down the aging process in Monkeys and Mice
🤖 AI Updates…
Open AI founder, Sam Altman visited Melbs last week after a whirlwind world tour hitting up 22 countries in 4 weeks. And even he doesn’t trust ChatGPT…
🏥 Microsoft & Epic announced a partnership to integrate generative AI services into electronic health records - through Azure OpenAI Service to try free clinician time, reduce administrative tasks and improve clinician and patient satisfaction
🌍 Google announced its giving anyone access to build and power custom generative AI applications with general availability of its latest Generative AI platforms, Vertex AI
💕 Doctors are using ChatGPT… for Empathy. The ability to bridge the patient-doctor knowledge divide and communicate in ways that are actually understood is a huge use case
Bard ft MedPaLM2 can describe X-rays and answer patient questions - demonstrating just how integrate AI will be in workflows. And the new need to master asking the right questions
✍️ AI-powered scribe tools are enabling more patients and less burnout (shock)
🔊Carbon Health, a US primary care startup is using AI to listen in on appointments and write up near-complete notes direct in its own electronic health record
🗺️ Annie Liao from Aura Ventures ft. AWS Startups made a killer Generative AI market Map for Aus
Startup Stuff 🚀
Working on a Genomics innovation?
Check out the Advanced Genomics Collaboration 2023 Innovation Fund. You could receive up to $2m to bring your genomic-based application, tool, diagnostic or service to life - More here
Want to get investment ready?
The Biointelect Venturer Programs provide real-world insights into the investment environment and get partners and investors ready - More here
Keen to learn about Angel Investing?
Airtree Explorers is a free program designed to help anyone learn the basics of angel investing and join a community of ‘Explorers’ all around ANZ. Apps for the July intake are now open.
Digital Based Health biz looking for a boost to validate?
ANDHealth+ is a commercialization program for proof-of-concept stage, evidence-based digital health SMEs in Aus. You can nab up to $3.75m in project funding, as well as in-kind services and support - More here
Building in Biotech?
Brandon Capital’s CUREator, a national biotech incubator to accelerate the development of Australian biomedical research and innovations ft. grant funding & programs targeting biomedical opportunities from discovery to clinical development is open for applications
Know a Brilliant Woman in Digital Health?
Telstra’s Brilliant Women in Digital Health Awards are accepting nominations to recognize women in Australia's digital health sector for their contributions in health and aged care - More here
Vic-based health SME looking for a space to work?
CHICC, powered by ANDHealth, offers a free co-working, mentoring, and workshop space - More here
Want to upskill in something digital?
The Digital Jobs program is a free program that helps people >30 years old retrain for a new digital career. The program includes 12 weeks of free training, career coaching, and a 12-week paid digital work placement - More here
27th - 28th June: Health Insurance Summit
8th - 12th July: MED INFO 23
10th - 11th July: Futures Conference 2023
Sun 16th July: MCBK Global Meeting Lightning Talk Submissions
Mon 31st July: BIO Connections Australia
Wed 26th July: Cicada x Tech 23
19th - 22nd Sep: Global Entrepreneurship Congress Melbourne 2023
3rd - 4th Oct: MCBK Global Meeting (Americas and Europe)
5th - 6th Oct: MCBK Global Meeting (Australia and Asia)
Consumable Content 💎
🎥 Modern Wisdom #631: The $2M Anti-Ageing Protocol For Longevity - Bryan Johnson
If you’ve missed it - Ex tech entrepreneur Bryan Johnsons’ quest to reverse aging is one hell of an experiment…
🌏 The WHO released a report on Health for All: Transforming Economies to deliver what matters
Physical and mental wellbeing for all people must be a central goal of economies, not just a stepping stone to other objectives.
🎓Google dropped a 100% free learning path on Generative AI with 11 Short Courses
🙃Washington Post explores something that seems to stay steadfast…
“While medicine has become more diverse, its culture has remained hostile and dismissive toward women in the field”
📚A Book rec
📝 A Paper
🗞️ A Reporterino
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