AWAK bags $20M in Series B funding
Despite a challenging market condition, Singapore-based medtech AWAK Technologies has raised more than $20 million in a Series B funding round – one of the biggest funding raises in Southeast Asia this year. The round was co-led by Lion X Ventures and Vickers Venture Partners.
AWAK is developing a portable peritoneal dialysis device that allows users to undergo...
E-pharmacy MrMed scores half mil for expansion
Online pharmacy MrMed has raised $500,000 from a funding round led by the Tamil Nadu Emerging Sector Seed Fund.
According to a news report, the company will use its fresh funds to expand its team and reach out to more customers.
Launched in 2021, the pharmacy startup offers specialty medicines for cancer, heart disorders, and other critical health...
The healthcare unit of South Korean diversified conglomerate Lotte has teamed up with iMediSync to co-develop new AI-driven healthcare services.
Based on a press release, the two companies signed a memorandum of understanding to cooperate on a medium-to-long-term joint business venture that leverages AI technology for wellness and senior care. They also intend to work together on some marketing...
TikTok joins youth mental health campaign in Korea
Social media platform TikTok in South Korea, together with the non-profit organisation Mental Health Korea, has tied up with the National Center for Mental Health to promote the mental well-being of young people.
Based on their memorandum of understanding, the organisations aim to improve youth mental health through the dissemination of correct...
Kakao Healthcare, the digital healthcare business of South Korean internet company Kakao Corporation, has partnered with Novo Nordisk to further develop its diabetes management service powered by mobile and AI technologies.
The two organisations recently signed a memorandum of understanding to launch a smart healthcare service to support patients with diabetes. According to a press release, Kakao...
Nesa obtains US FDA 510(k) for fibroid mapping tech
Indian femtech Nesa Medtech has received the United States Food and Drug Administration 510(k) clearance for its fibroid mapping tool.
Its Fibroid Mapping Reviewer Application assists in the diagnosis and planning of interventional procedures for patients with uterine fibroids. It generates a 3D model of the uterus from ultrasound images where...
Southeast Asian startup leverages generative AI to simplify complex health data
A startup based in Malaysia and Singapore is coming up with a platform that leverages generative AI to simplify complex health data into comprehensible content.
Based on a press release, SayHeart has developed an algorithm that can seamlessly translate medical jargon, health reports, and complex imaging into "visual...
Medical IP gets US FDA nod for AI body composition analysis software
South Korean medical imaging company Medical IP has obtained a United States Food and Drug Administration 510(k) clearance for its AI-powered body composition analysis software.
According to the company, DeepCatch is the first FDA-approved AI software that automatically analyses body components, such as skin, bone, muscle,...
The South Korean Ministry of Food and Drug Safety has approved the first locally-developed continuous glucose monitoring device.
The CareSens Air, developed by blood glucose device maker i-SENS, is touted to be the smallest and lightest CGM device available in South Korea. It can also be used for 15 days straight and features a calibration mechanism to make readings more reliable.
Following this...
The digital healthcare business of South Korean internet company Kakao Corporation has entered into a collaboration agreement with Dexcom to set up a global digital diabetes management service.
According to a press statement, the deal combines Kakao Healthcare's capabilities in AI and software technology with Dexcom's continuous glucose monitoring (CGM) devices, Dexcom G6 and G7, which the...
