OCTOBER 2023LIFE SCIENCES REVIEW9Companies that are focused on tackling large global markets with truly competitive and disruptive technologies will continue to be those that are at the top of the list for funding locally and globally. It requires deep understanding of the healthcare system in the larger markets such as the US combined with innovative digital solutions and business models. We get excited when we see a large unmet market need, and a company with a creative solution getting traction for example with a creative customer acquisition strategy with a disruptive technology that is difficult to replicate or a digital device or therapeutic that has a robust clinical data and regulatory and reimbursement strategy.In terms of an outlook towards digital transformation for better health outcomes, one of the biggest issues facing the industry as a whole is the adoption of individual tech platforms or devices which may not necessarily link or connect with other providers. Synergy for a patient will be paramount, and the concept of treating patient symptoms independently without taking a full patient overview will be unthinkable. Of course, this makes health tech innovation highly complex and fraught with potential teething problems ­ the stakes are high and trying to disrupt the vertically integrated systems already in place will take time, money, effort and commitment. Therefore, it is very interesting to look at how some new devices in development are actually taking existing treatments and moving them forward ­ making them more user friendly, more readily accessible through the supply chain or through reduced cost. The democratisation of healthcare is critical for global wellness, a learning made clear through the COVID pandemic.OneVentures' invested in Vaxxas for exactly this reason. Vaxxas is commercialising a needle free vaccine patch-like delivery system (HD-MAP) that dramatically enhances the performance of existing and next-generation vaccines. By removing the need for cold storage and refrigeration in transit, the HD-MAP overcomes the challenge of getting life-saving vaccines to vulnerable populations across the world. This could enable a future where people could receive vaccines in homes, workplaces and schools across the globe.So whilst the world is looking towards digital transformation to revolutionise healthcare, which it inevitably will do, there is also technology enablement that modernises proven treatments and streamlines patient experiences in the near term. We ultimately believe that technology should serve to make the healthcare experience easier, more precise, and more accessible ­ and we understand the complexity that goes into that. Whilst the world is looking towards digital transformation to revolutionise healthcare, which it inevitably will do, there is also technology enablement that modernises proven treatments and streamlines patient experiences in the near term
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