| DEALFLOWUPDATE Issue #27. Friday, March 8 |
Hello everyone, For this edition of the Zoic newsletter, we have continued with growing trends in the industry as well as deals that we would be interested in. In particular, we start off with the list of medical device companies that raised the most money in 2018: Medtech companies that raised the most VC. -Neal We’re continuing with our new format for this issue, please send us comments if you enjoyed the different layout or if you preferred the previous approach. If this is your first issue, please subscribe and consider sharing with others. Additionally, we welcome news from our readers, if you’re up to something interesting, let us know. Email chad@zoiccapital.com |
Dealflow This list shows many of the trends that we have been featuring in our newsletter: for example, surgical robotics, cardiovascular, orthopedic, oncology and diagnostic devices. Some areas we have not discussed before are technologies addressing back pain, dialysis and hearing loss. Of particular note is the highest raised company, Auris Health, which combines diagnostic and therapeutic innovations into a single platform, an important link that we have featured in previous articles. In specific technology news, robotic surgery is again featured in a recent FDA clearance for Intuitive. This system is for assisting and performing minimally invasive surgery for lung biopsies. In the near future, we will also see the same principle of robotic surgery used for minimally invasive procedures for cancer removal, which will greatly reduce surgery times and complications. One area that we did not see in last year’s list of most significant raises is mental health. This is still a fast growing area, though, and technologies are still emerging or are already coming onto the market. For example, Medtronic is launching an implanted device for reducing epileptic seizures. Some of these seizures can be so severe that they actually require surgery to remove portions of the brain. Better implants and new therapies can advance the current standard. Another example of mental health technologies are devices that stimulate the vagus nerve, something we have also featured previously. A recent clearance for a system to treat depression is vital to adoption, as this study will enable Medicare coverage. This is as important a requirement for medical technology as FDA clearance. Finally, another area that we will see in future lists of companies with the highest raise are diagnostic companies, particularly in blood (or other fluid) analysis. The promise of more information coming from smaller blood amounts can truly change medical practice and find diseases earlier. Even something as simple as better estimating blood volume can drastically improve the health of critically ill, and healthy patients. Spotlight #ZoicNews Dr. Franklyn Prendergast, Zoic Capital Senior Advisor, shares his medical perspective, the current state of psychiatry, being made up of subjective judgments with a lack of quantitative data. He then talks about what technology currently can do and what opportunities he sees for it in the future. Learn more about the importance of biomarkers in Zoic’s diligence and research. What We’re ReadingVOX Kids’ brains may hold the secret to building better AI VER A technology expert gives four suggestions on how to rein in algorithms PIT How women in VC see the future: ‘We aren’t waiting for that world to include us’ AXI What sets the U.S. apart — Hospital prices — How we pay for drugs Connect With Zoic Capital |
| The Biweekly Dealflow Update, curated by the team at Zoic Capital. |
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