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Round up: £1m for women’s health research and care

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Femtech World explores the latest business developments in women’s health.

Portfolia launches women’s health fund

Investing fund Portfolia has launched the Women’s Health Fund IV for women’s health innovation.

The company has stated that Fund IV’s debut investment is in Gameto, a clinical-stage biotechnology company reprogramming female cells to transform fertility and hormonal care.

Portfolia’s investment is part of Gameto’s recently announced US$44m Series C financing, bringing its total raised capital to US$127m, one of the largest investments in the US biopharma sector focused on reproductive health to date.

Gameto’s lead programme, Fertilo, uses engineered ovarian support cells to mature eggs outside the body, reducing the standard two-week IVF hormone protocol to two to three days.

The company has begun enrolling patients in its Phase 3 trial in the US, building on its clinical use in Australia and Latin America, with five babies born and over 20 pregnancies recorded so far.

New partnership to advance health equity and women’s wellness services

Vivant Health has announced a new strategic partnership with Pandia Health, a women-led, women-founded telemedicine provider committed to improving access to comprehensive women’s healthcare.

The partnership aims to break down barriers to women’s healthcare, promote health equity, and deliver trusted, evidence-based services that support women’s health needs.

The collaboration is also designed to expand access to expert, affordable women’s health services for Vivant Health members.

As part of this partnership, Vivant Health members will gain streamlined access to Pandia Health’s expert physician-only online care and medication delivery services. This includes convenient telehealth consultations, easy prescription refills, and discreet home delivery of FDA-approved medication, all supported by a mission to empower women through accessible, data driven healthcare.

Mira Introduces Ultra4 at-home hormone monitor

Hormonal health company Mira has launched Ultra4 – an at-home hormone monitor to deliver lab-quality insights into four key hormones including FSH, LH, E3G, and PdG.

The test uses one wand and takes 16-minutes, enabling people to see their full cycle story with the same precision available in clinics.

The new kit measures FSH, LH, E3G, and PdG together — offering a complete hormonal profile across the cycle. This helps users identify imbalances, track shifts over time, and better understand fertility, perimenopause, and overall cycle health.

With Mira’s AI-powered app, users can also test any day of their cycle, or multiple times daily, for personalised insights.

New features include: 4D Ovulation Profiling, Egg Prep Scan, Hormonal Fingerprint, Cycle Balance Analysis, and Egg Count Intelligence.

Visana Health appoints chief commercial officer to drive new growth

Virtual women’s health clinic Visana Health has appointed Tom Maraday, a senior executive with over 35 years of experience in developing health and wellbeing solutions for large employers and payers, as chief commercial officer.

Tom will be responsible for leading national and regional health plan sales, driving activation with employers, and growing member enrollments, while leveraging his deep expertise in sales, marketing, and account management to create scalable infrastructure and build high-performing teams that advance Visana Health’s mission.

“Tom is a proven leader with a track record of leading high-performing, fast-growing teams and accelerating organisational growth across some of the most transformative sectors in healthcare,” said Joe Connolly, co-founder and CEO of Visana Health.

“His experience working with payers and employers to develop new health and wellbeing models is essential as we continue to deepen our relationships with current payers and scale our model to more payers and self-funded employers across the US, ensuring every woman is heard and helped.”

Tom’s roles have included scaling fast-growing businesses and innovative care models, including virtual healthcare, preventive/proactive care and value-based care for organisations, such as Omada Health, EHE Health, Bright Horizons and Plus One (now Optum).

New partnership commits US£1m for women’s health research and care

The Shoppers Foundation for Women’s Health is advancing health equity for women with a US$1m investment in health research and care, over the next two years, through Women’s Health Collective Canada (WHCC), the largest non-government funder of women’s health research in Canada.

The investment will support research on, and improved care for menopause.

This latest investment builds on three years of sustained partnership, with total contributions to WHCC of over US$3m.

“This is more than generosity, it’s leadership,” said Amy Flood, executive director at WHCC.

“Shoppers has believed in our work from the beginning, and they’ve helped shape a movement. With this renewed commitment, we’re taking meaningful steps toward a new standard of care for menopause in Canada, something long overdue.

“Together, we’re reaching more women, funding more research, and making the case for system-wide change.”

“We are proud to continue our partnership with WHCC to help close the women’s health gap in Canada,” said Paulette Minard, director of community investment, Shoppers Foundation for Women’s Health.

“This investment reflects our ongoing commitment to supporting women in our communities at every life stage, through better research, better care, and better outcomes.”

This investment will support the development of an enhanced, evidence-based standard of care for menopause in Canada.

Through the WHCC national network, funding will help accelerate local and regional initiatives.

Progyny study reveals gap between perceptions and realities in women’s health benefits coverage

Family building solutions company Progyny has announced the results of its new national Women in the Workplace research conducted in partnership with Dynata, the world’s largest first-party data company for insights, activation and measurement.

The study reveals a persistent gap between what employees want from their women’s health benefits, and what employers believe they are providing.

Specifically, results show that 81 per cent of HR leaders say they’re committed to advancing women’s health and well-being in the workplace, but only 52 per cent of working women believe their benefits make healthcare affordable.

“The trend of women seeking out and even changing jobs for better benefits has been a persistent one the past few years. This study proves that women know what they want, and they are raising their voices.

“Simultaneously, HR leaders are aware of this trend and are eager to expand their women’s health benefits to get ahead in talent recruitment and retention,” said Katie Higgins, CCO at Progyny.

“Where the mark in women’s health benefits may be missed is with the absence of a unified benefit that provides success to both sides – covers the continuum of care for women, increases engagement, results in clinical impact, and provides cost-control.”

According to the study, while most employers express a strong interest in supporting women’s health, they are unknowingly falling short in delivering access to specialised care, clear benefits navigation, and the personalisation employees expect, particularly across critical life stages like fertility, pregnancy, and menopause.

It’s not enough to simply offer a women’s health benefit or access to a digital tool – the benefit needs to be designed and implemented with intention.

This new research shows leading concerns among female employees; for example, 83 per cent of women say benefits that support coaching and treatment for menopause are important, only 12 per cent say their employer does a good job in providing them.

Further, nearly one in four women (24 per cent) who wanted to use a benefit gave up because it was too complex to understand or access, and 83 per cent of women and 88 per cent of employers agree that centralised support from one place would make women’s health benefits more effective.

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Sun Pharma to acquire Organon in US$11bn deal

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Indian pharmaceutical giant Sun Pharma has agreed to buy Organon for US$11.75bn in a deal aimed at expanding its women’s health and biosimilars business.

Organon, which was spun out of Merck in 2021, has built a portfolio of more than 70 women’s health and general medicines products, including biosimilars, sold in the US and about 140 other countries.

The acquisition would give Sun Pharma a broader presence in biosimilars, which are medicines designed to be highly similar to existing biological drugs, and strengthen its position in women’s health.

Dilip Shanghvi, executive chairman of Sun Pharma, said: “Organon’s portfolio, capabilities, and global reach are highly complementary to our own, and we believe that bringing the two organizations together can create a stronger and more diversified platform.”

The companies said the combined business would generate annual revenue of US$12.4bn, operate across 150 countries and rank among the top three companies globally in women’s health.

They also said it would become the seventh largest biosimilar player.

Sun Pharma said the deal would help grow its innovative medicines business and expand its biosimilars offering.

It added that the combined company would have 18 large markets each generating more than US$100m in revenue.

Organon’s largest markets include the US, Brazil, Canada, China and countries in the European Union. The company also has six manufacturing facilities across the EU and emerging markets.

The deal follows market speculation that began on 10 April, when Indian media reported that Sun Pharma had submitted an all-cash offer for Organon.

A later report said the offer had been revised to US$13bn. Sun Pharma shares rose about 7 per cent on India’s National Stock Exchange after the announcement.

Sun Pharma said it would acquire all of Organon’s issued and outstanding shares in cash, using a combination of available cash and committed bank financing. It also estimated synergies of about US$350m within two to four years of completion.

The company said the acquisition would strengthen its cash generation, with EBITDA and cash flow set to nearly double, supporting efforts to reduce the net debt to EBITDA ratio of 2.3 times resulting from the deal. EBITDA is a measure of operating performance before certain costs are deducted.

Organon reported revenue of US$6.2bn last year and adjusted EBITDA of US$1.9bn. It also reported debt of US$8.64bn, down from US$9.5bn when it separated from Merck, and a cash balance of US$574m.

In November, Organon announced plans to sell its JADA System, designed to control and treat abnormal postpartum uterine bleeding or haemorrhage, to Laborie Medical Technologies for up to US$465m. Net proceeds from the sale will contribute to Organon’s cash balance as of 31 March 2026.

Organon will merge with a subsidiary of Sun Pharma, with Organon surviving the merger. The boards of both companies have approved the transaction.

Carrie Cox, executive chair of Organon, said: “Following a comprehensive review of strategic alternatives, our Board determined that this all-cash transaction offers compelling and immediate value to Organon stockholders.”

The transaction is expected to close in early 2027, subject to regulatory approvals and Organon stockholder approval.

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Women’s digital health market set to reach US$5.28 billion in 2026 – report

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The women’s digital health market is set to reach US$5.28bn in 2026, up from US$4.36bn in 2025, according to a new report.

That would represent annual growth of 20.9 per cent, driven by factors including greater smartphone use among women, wider uptake of telehealth and a stronger focus on preventive care.

The report said the market could reach US$11.47bn by 2030, with projected annual growth of 21.4 per cent over the forecast period.

It also pointed to rising awareness of gender-specific health needs, expansion among digital health start-ups, growing demand for personalised healthcare, investment in femtech innovation and the spread of AI-enabled diagnostics.

Wearables linked to health apps and wider use of remote monitoring tools are also expected to play a larger role, as companies focus on more preventive and joined-up care.

Smartphone use was highlighted as a major driver because mobile apps are increasingly being used for women’s health services, from menstrual cycle tracking to pregnancy support.

The report cited Eurostat data showing that in 2023, 89 per cent of EU residents aged 16 to 74 in urban areas accessed the internet via smartphones.

The report also said companies in the sector are developing new technology aimed at improving access to more personalised healthcare.

One example it gave was a 2024 collaboration between Algorand and the Self-Employed Women’s Association to launch a digital health passport for women in India’s informal economy using blockchain technology.

Recent mergers and acquisitions were also noted. In March 2023, Maven Clinic acquired Naytal to expand its services in the UK and Europe.

North America was identified as the largest market in 2025, while Asia-Pacific is expected to be the fastest-growing region.

Companies named as key players included Flo Health Inc, Natural Cycles, Elvie, Bellabeat, Clue by Biowink, MobileODT Ltd., Glow, Veera Health, Biowink GmbH, Ava AG, Hims & Hers Health, Inc., The Women’s Wellness Centre, Elara Health, myGynaeDoc, Maven Clinic, Kindbody, Allara Health, Tia and Hera Med Ltd.

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Future Fertility raises Series A financing to scale AI tools redefining fertility care worldwide

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Future Fertility Inc. has announced the closing of a US$4.1 million Series A financing round.

The round was led by M Ventures (the corporate venture capital arm of Merck KGaA, Darmstadt, Germany) and Whitecap Venture Partners, with participation from new investors Sandpiper Ventures, Gaingels, and Jolt VC.

The financing will accelerate Future Fertility’s commercial expansion into Asia-Pacific and support its entry into the United States, including planned FDA 510(k) clearance for additional products as part of a broader U.S. market entry strategy.

Proceeds will also advance the development of a broader AI platform, from egg assessment through to embryo transfer, designed to support clinicians, embryologists, and patients across the full IVF journey.

M Ventures and Whitecap have supported Future Fertility’s mission to translate AI innovation into meaningful clinical outcomes since the company’s earliest stages.

Oliver Hardick, investment director, M Ventures, said: “Future Fertility is addressing a critical unmet need in reproductive medicine with a differentiated AI platform grounded in clinical data and real-world workflow integration.

“We are excited to continue supporting the company and team because we believe its technology has the potential to improve decision-making for clinicians, bring greater clarity to patients, and help advance a more personalised standard of care in fertility treatment.”

Future Fertility’s AI platform addresses a long-standing gap in fertility care: historically, there has been no objective, clinically validated method for assessing egg quality (Gardner et al., 2025), despite it being one of the most important drivers of reproductive success.

The company’s suite of deep learning tools includes VIOLET™, MAGENTA™, and ROSE™, purpose-built for egg freezing, IVF, and egg donation respectively.

The tools are based on AI models trained and validated on more than 650,000 oocyte images and are deployed in over 300 clinics across 35 countries.

Rhiannon Davies, founding and managing partner, Sandpiper Ventures, said:  “The best outcomes in fertility care globally come from better data and smarter tools. Future Fertility understands that, and they’ve built a platform that delivers on it.

“Sandpiper is proud to back a team turning rigorous science into real results for patients and clinicians alike.”

Partnerships with the world’s leading fertility networks – including IVI RMA and Eugin Group across Latin America and Europe, FertGroup Medicina Reproductiva in Brazil, and most recently announced Kato Ladies Clinic in Japan –  reflect growing demand for objective, AI-powered oocyte assessment in fertility care. In the United States, ROSE™ is newly available under an FDA 513(g) determination.

Research shows that approximately 50 per cent of IVF patients do not understand their likelihood of success, and many discontinue treatment prematurely, even though cumulative success rates improve significantly with multiple cycles (McMahon et al., 2024).

By delivering earlier clarity on egg quality, Future Fertility’s tools support more informed conversations between clinicians and patients, helping set realistic expectations and guide decisions about next steps.

Future Fertility’s growing evidence base spans seven peer-reviewed publications in Human Reproduction, Reproductive BioMedicine Online, Fertility & Sterility, and Nature’s Scientific Reports, and more than 70 scientific abstracts accepted and presented with partner clinics at conferences worldwide.

Christine Prada, CEO, Future Fertility, said: “Fertility treatment is one of the most emotionally and physically demanding experiences a person can go through.

“Every patient deserves objective data, not just a best guess, to support better decisions at critical moments in their care.

“This funding means we can bring that clarity to more patients, in more countries, at a moment when it matters most.”

Find out more about Future Fertility at futurefertility.com

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