Biofourmis Bolsters Oncology Care Portfolio With Gaido Health’s Acquisition

Biofourmis Bolsters Oncology Care Portfolio With Gaido Health’s Acquisition

Both companies use AI to provide monitoring and early care solutions for patients.

Osaka-based Takeda Pharmaceuticals will be handing over the reins of Gaido Health to Biofourmis, a digital therapeutics startup based out of Boston, according to a statement by the company.

Headquartered in Los Angeles, Gaido Health is a digital therapeutics company geared to the oncology market that, prior to the acquisition, was part of Takeda Digital Ventures, the corporate technology investment and incubation arm of Takeda Pharmaceuticals.

Biofourmis develops clinically validated software-based therapeutics for patients and tools for clinicians to enable personalized care. The acquisition will strengthen Biofourmis’ operational capabilities in providing oncology care solutions.

The company has prominent investors on board, including investment giant Sequoia’s regional arm Sequioa Capital India and early GO-JEK backer Openspace Ventures.

“Biofourmis’ digital therapeutics solution for oncology—now bolstered with this acquisition of Gaido Health—is based on an innovative approach that continuously monitors patients’ physiology biomarkers and symptoms, detects early signs of complications, and arms care teams with tools to intervene early to prevent medical crises, improve outcomes and lower costs,” said Kuldeep Singh Rajput, Founder and CEO of Biofourmis, in the statement.

Biofourmis provides digital therapeutic solutions in areas such as heart failure, chronic pain and other cardiometabolic diseases, as well as oncology and infectious diseases. The platform also leverages algorithms of the company’s artificial intelligence (AI)-based analytics platform Biovitals, Rajput added.

Gaido Health also uses AI algorithms to collect real-time patient data such as signs of complications, which enables clinicians to intervene early and monitor discharged oncology patients.

Bruce Meadows, Head of Investments at Takeda Digital Ventures, said in the statement, “Gaido was founded in 2018 to create new tools that assist caregivers in monitoring patients undergoing chemotherapy, and we are very proud of what Gaido has achieved. Biofourmis will continue this vital work.”

Paired with the Biovitals platform, the technology aims to detect signs of complications in cancer patients ahead of time via remote monitoring of their vital signs, patient surveys, and analytics.

“By closely monitoring these groups of patients in their homes following discharge, providers can improve outcomes, decrease readmission rates, and lower the cost of care,” Rajput elaborated in the statement.

Rajput added that the acquisition will enable access to better tools for patients who have a diagnosis of cancer therapy-induced cardiotoxicity that could potentially lead to heart failure.

The statement also said that the two companies’ platforms will be integrated to manage toxicity levels in patients undergoing a type of cancer-combative immunotherapy that uses specially altered T cells from their immune system, called CAR T-Cell Therapy.

In a transfer of leadership, CEO of Gaido Health Gary Manning will move into the role of Senior Vice President, Corporate Development at Biofourmis.

“Biofourmis’ acquisition of Gaido Health will expand the population of remotely monitored patients and using their tremendous technology will move our capabilities from detection of deterioration to prediction and enable earlier interventions using software-based therapeutics,” Manning noted in the statement.

Gaido Health has previously leveraged Biofourmis technology prior to being acquired, via its wearable biosensor Everion that facilitates home monitoring.

Header image courtesy of Biofourmis


Share on facebook
Share on twitter
Share on linkedin
Share on email
Sharon Lewis
Sharon is a Staff Writer at Jumpstart


Mental Health Tips for When You Get Back in the Office

Mental Health Tips for When You Get Back in the Office

The COVID-19 pandemic has brought a lot of challenges for employees working from home. As we are fast approaching the post-pandemic world, we have to start getting accustomed to heading back to the office again. No doubt, it is going to be difficult adjusting to the long-forgotten habit of getting ready early in the morning, putting on your finest work clothes, working till 7pm in your suffocating cubicle and dealing with horrible bosses and gossipy colleagues face to face.

Top Three Online Job Portals in China for English-Speakers

Top Three Online Job Portals in China for English-Speakers

China is a fast-growing economy and currently boasts the second-largest economy in the world behind the United States. Many people from around the world have tried searching for jobs and achieving career success in the country. The majority of English-speaking people in China find work in multinational companies that are mostly located in metropolitan Shanghai and Beijing.

How Does a Startup Become a Unicorn

How Does a Startup Become a Unicorn

In the startup world, a unicorn refers to any startup with a valuation of over US$1 billion. Companies like Airbnb and Netflix fall under the unicorn category. As of 2021, there are 650 unicorns in the world with a cumulative valuation of US$2,173 billion.

Meet the Young Woman Who Saved Kenya’s Plastic Waste Problem

Meet the Young Woman Who Saved Kenya’s Plastic Waste Problem

Kenya has a huge plastic waste problem. A 2015 report found that the Kenyan capital Nairobi produced around 400 tons of plastic waste every day. Yet, less than half of that had been recycled. Despite outlawing single-use plastics in 2017, the country is still drowning in them. The Dandora landfill, located in the heart of the Nairobi slums, currently receives more than 2000 metric tons of waste daily.

How Can Your Company Become More Energy-Efficient

How Can Your Company Become More Energy-Efficient?

Countries and companies are consuming too much energy today. The abrupt power cuts in China are a testimony to that. The country was forced to cut power across factories and towns to meet their energy goals. Energy efficiency—using less energy to do more—does not have to be this challenging and cumbersome, not for large corporations or startups.

Cyberport Venture Capital Forum

How Will Humans and Technology Interact in the Next Decades?

While the world has witnessed a rapid digitalization of our everyday life in the course of the pandemic, attention has been brought to the debate that has long been around–how should humans and technology interact? And how do we prepare for new developments? In response to this, Dr. David Siegel, Co-Chairman and Co-Founder of financial sciences company Two Sigma.