News
FemHealth Ventures closes US$32m fund to back women’s health innovators
FemHealth Ventures aims to invest in women’s health innovations, focusing on drugs, devices, diagnostics, and digital applications

The US venture capital firm FemHealth Ventures has closed a US$32m debut fund to “reimagine” women’s health.
FemHealth Ventures aims to invest in women’s health innovations, focusing on drugs, devices, diagnostics, and digital applications.
The firm says it is the first one of its kind to “reimagine” women’s health to include conditions that affect only women, affect mostly women, or appear differently in women.
According to The Wall Street Journal, the US$32m fundraising came in above the firm’s goal but below the US$50m hard cap as the new venture firm faced obstacles raising its first fund.
Speaking at an Aspen Ideas: Health event in June, FemHealth Ventures managing partner Maneesha Ghiya said she wanted to make a change as she found that women’s health was often overlooked, but she said she was also motivated by her near-death experience she had after giving birth to her daughter.
“I had major complications with my delivery and I almost didn’t make it,” Ghiya explained.
“I had an emergency C-section and although my daughter was healthy, I didn’t feel well. It wasn’t until the next morning that my obstetrician walked in and realised that I had been bleeding internally the whole night and they had missed it.
“She rushed me into the OR and brought in three additional surgeons and they spent two hours with me open trying to find the source of the bleed. They couldn’t find it. They took me to the ICU and I had 10 transfusions. They told my husband they didn’t think I would make it.”
She continued: “Fortunately, my body started catching up with the bleed and I was able to recover, but there are many women that are not so fortunate.
“I felt the way for me to have the most impact, having been a healthcare investor, was to create a vehicle focused specifically around women’s health.”
With FemHealth Ventures, Ghiya said she is looking to back innovators who are developing companies specifically within women’s health.
“We feel there’s a substantial opportunity to do more in this category, have an impact and bring forward extremely compelling innovations to the broader market,” she added.
“A multitude of possibilities for innovation in women’s health exist. We are here to help bring them to life.”
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Diagnosis
Experimental drug drowns triple-negative breast cancer cells in toxic fats

An experimental drug slowed triple-negative breast cancer in mice by flooding tumour cells with toxic fats.
Triple-negative breast cancer lacks three common drug targets, making it one of the hardest-to-treat and most aggressive forms of the disease.
The compound, known as DH20931, appears to push cancer cells past their limits by triggering a surge in ceramides, fat-like molecules that place the cells under intense stress until they self-destruct.
In lab experiments, the drug also made standard chemotherapy more effective. When combined with doxorubicin, researchers were able to reduce the dose needed to kill cancer cells by about fivefold.
The drug targets an enzyme known as CerS2 to sharply increase production of these lipids and stress cancer cells. Healthy cells, by contrast, showed lower sensitivity to the drug in lab tests.
While the early results are promising, further preclinical and clinical trials would still be needed to determine the safety and effectiveness of DH20931 in humans.
Satya Narayan, a professor in the University of Florida’s College of Medicine, led the study with an international group of collaborators.
The researchers published their results on human-derived tumours on 21 April and presented their findings on combination therapy at the annual meeting of the American Association for Cancer Research in San Diego.
Narayan likened the drug’s effects to a home’s electrical system handling a power surge.
While healthy cells act like a properly grounded and installed circuit, cancer cells are more like a jumble of mismatched wires and faulty fuses. DH20931 overwhelms cells not with electricity, but with fats.
He said: “When that surge goes into the cancer cells, they cannot handle the amount of power they are getting. The fuses burn out, the cell can’t handle the surge and it dies.”
The compound was developed at the University of Florida in the lab of Sukwong Hong.
Hong, now a professor at the Gwangju Institute of Science and Technology in South Korea, created DH20931 as one of many drug candidates tested for efficacy in Narayan’s lab.
In the study, researchers implanted human triple-negative breast cancer tumours into mice and treated them with DH20931.
The drug significantly slowed tumour growth without causing noticeable weight loss or signs of toxicity in the animals. In separate lab experiments, it also showed activity against other breast cancer subtypes.
In addition to increasing lipid levels, DH20931 triggers a second stress signal by flooding cells with calcium.
Together, these effects disrupt the mitochondria, the structures that produce a cell’s energy, ultimately leading to cell death.
Narayan said: “It does not just follow one pathway but it goes through multiple pathways. It’s a two-hit hypothesis.
“These pathways are common in all breast cancer types and other solid tumours, so we think this drug can be useful not only in triple-negative breast cancer but potentially other cancers as well.”
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