…and the media is showing growing interest in their stories
Israel has always been a hotspot for innovation, now the brightest minds in MedTech are banding together in the fight against coronavirus, here are some of our clients’ stories.
Crises like the corona pandemic are a catalyst for rapid adoption of technologies. One of the areas that currently all eyes are on is MedTech.
The MedTech industry is known to have lengthy regulatory processes, but due to the urgency and need, regulators have opened fast tracks in order to speed up the approval of vaccines and therapeutics.
The media has also noticed that a lot of innovative and important companies have been overlooked because they are still in very early or experimental stages (and usually there are so many other news stories). Now that the full focus of the media (and the world) is on the coronavirus, it is time to highlight these amazing solutions.
We are proud that 3 of our clients are part of the fight to control the spread and treatment.
The Pharma Company (Pluristem)– Pluristem has proposed treatment that includes intra-muscular administration of the company’s PLX-PAD, which uses cells derived from the placenta, for severe pneumonia resulting from COVID-19 and potentially preventing the deterioration of patients towards Acute Respiratory Distress Syndrome (ARDS) and sepsis. “Humankind knows how to enlist when in distress, and extraordinary efforts are being deployed to advance the cause,” says Yaky Yanay CEO and President of Pluristem Therapeutics in an interview. “ This week (31/3) Pluristem received a lot of media attention after announcing that three intensive care patients were given their treatment.
The medical device company (Inspira) – we have all seen the amazing efforts that have been employed in order to bring more ventilation machines to hospitals or to create alternatives (3D printing etc.). Inspira was founded before the coronavirus pandemic but its founders always understood the need for ventilation alternatives. As a result of the growing interest among governmental entities and a great deal of interest from the media, Inspira recently launched their revolutionary product that changes the way the medical world looks at ventilation. The company is planning a June IPO in the Australian Stock Exchange , but as their PR firm we recommended they start marketing activities now as their product is extremely relevant at the moment.
The digital health company (Clew Medical) – Digital health has seen a surge in interest over the past few months – an alternative to face to face meetings and an aide to the overloaded medical staff. Clew Medical developed an algorithm that collects information from intensive care monitoring devices and alerts the medical team about deterioration in a patient’s condition. Clew’s lifesaving technology can currently be found only in US hospitals but due to the corona crisis they have been utilized by top hospitals in Israel (Ichilov and Sheba). In addition, digital health which has often been overlook is now headlining articles.
These are part of the MedTech companies leading the revolution in health care (and are featured here, in an article initiated by us, among the 30 companies in Israel leading the fight) . We are currently living in medical history and at Extra Mind our aim is to help our companies highlight their contributions to the fight.