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As Israel Locks Down, Its fitness Tech Sector Scales Up | 3M0-701 Study Guide and PDF Questions

Bnei Brak, ISRAEL - SEPTEMBER 17: Shmuel Ben Sason wears a defensive face masks as his parrot Shuki ... [+] sits on his shoulder on September 17, 2020 in Bnei Brak, Israel. as the nation grapples with a surge in Covid-19 cases it has imposed a three-week lockdown that coincides with Rosh Hashanah, the Jewish new yr, and Yom Kippur, the Day of Atonement. (picture by using Amir Levy/Getty images)

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Israel is in a 2d lockdown due to Covid-19 except at the least mid-October, but that has not stopped its scientific expertise industry — indeed the pandemic has boosted demand for some of its products. My interviews with a project capitalist, a public-company CEO, and two early-stage startups show two pervasive issues:

  • agencies are developing items that facilitate prognosis and monitoring of disease without visiting a doctor’s workplace — increasingly well-liked functions throughout the pandemic.
  • Startups are accumulating and analyzing data on real-world affected person effects to trade the manner new items are developed and medicine is practiced. here's making use of a fundamental precept used by way of the Israeli military (and other country wide armies) — the after-action assessment — to the follow of medication.
  • Olive Tree Ventures Invests In speedy-growing to be Digital health groups

    Olive Tree Ventures is an Israel-primarily based mission capital fund investing in digital fitness startups. Olive Tree manages $a hundred and fifty five million in belongings and has provided capital to nine startups. It envisions significant alternatives in digital health — a market that has grown at 150% due to the fact 2017 and is anticipated to attain $540 billion in revenue by way of 2025. Underlying this growth is the industry’s technology which improves prognosis costs for severe ailments and develops new treatments for terminal diseases, in line with Olive Tree.

    Olive Tree’s founder has an brilliant heritage. As Amir Lahat, Olive Tree mission’s Managing accomplice talked about in a September 1 interview, “i used to be in the army — not within the 8200. i used to be past the lines — on the age of 20 commanding over a hundred individuals. I studied engineering at Tel Aviv school. 3Com got Telrad, [a company where I was a systems engineer.] I stayed there for four years then cofounded Atrica, that became backed by using Accel, and Benchmark. Nokia received it [in 2008 for less than $100 million, according to EETimes]. I joined Nokia’s enterprise challenge neighborhood. I lower back to Israel with three kids and started Olive Tree in 2015 with three partners specializing in digital health.”

    Olive Tree has invested in organizations that are benefiting from the need to diagnose and computer screen fitness outside of medical offices — a vogue that has been accelerated with the aid of the social distancing in keeping with the pandemic. “within the ultimate a few years, there was an increase in monitoring and diagnostic tests conducted outdoor medical places of work. Their organizations consist of TytoCare (about which I wrote in can also) — which allows sufferers to conduct scientific assessments at home and ship the results to physicians; ContinUse Biometrics — non-touch monitoring of essential indications for chronically sick and aged sufferers; and Scopio — digital microscopy,” he mentioned.

    San Francisco-based mostly Lemonaid health, an Olive Tree portfolio enterprise, is booming. Its carrier allows for sufferers to chat online with a doctor to “get birth control or certain prescription drugs to deal with basic situations, like urinary tract infections or erectile dysfunction,” in accordance with the company. Lahat told me. “Lemonaid is starting to be extremely quickly, is ecocnomic, and operating in 5o states through partnerships with docs and on-line prescription providers.”

    Itamar scientific offers quicker, less expensive Sleep Apnea prognosis

    Itamar medical — a publicly-traded scientific technology enterprise based mostly in Caesarea, Israel with U.S. headquarters in Atlanta, Georgia — helps doctors diagnose and manage sleep apnea. Its key product, WatchPAT — a disposable sleep apnea gadget — is marketed within the U.S., Japan and Europe.

    Itamar scientific’s increase is being propelled by using patients in search of diagnosis and medication of sleep apnea from domestic. Revenues in the 2d quarter of 2020 rose 21% to $8.9 million while usasales of WatchPAT jumped 31% to $6.6 million in the quarter, in line with the business.

    CEO Gilad Glick’s historical past as a U.S. government contributed to his potential to raise increase at Itamar clinical. As Glick told me in a September 1 interview, “I worked for a small business [Biosense Webster] that became sold 18 months later for $four hundred million to Johnson & Johnson JNJ . I stayed there for 19 years — nine in Europe and 10 in California. In my ultimate function there, I coordinated sales and advertising for a company whose income accelerated from $1 million in 1997 to $1.5 billion once I left. It made an arrhythmia [irregular heartbeat referred to as Atrial Fibrillation (AFib)] management equipment and become discovered in Irvine, Calif. J&J forgot about us. AFib grew to become greater vital and their earnings grew to $500 million after 10 years. They bought consideration from J&J and reached $three billion in income in a $6 billion industry.”

    Glick back to Israel. “After three kids and twenty years within the U.S. they determined to reconnect with their Israeli roots. i wished to take AFib to the subsequent level. Their competitors protected J&J, Medtronic MDT , Boston Scientific BSX and Abbot Laboratories ABT . there's a process referred to as ablation that burns a part of the heart however does not prevent the reason behind AFib. dangerous sleep is an independent factor for AFib. Sleep apnea is an immense reason behind dangerous sleep which traces the heart and increases the probabilities of AFib.”

    He joined Itamar scientific as a result of he noticed untapped probability. “after I joined [as CEO in July 2013, Itamar Medical] turned into a sleepy sleep business with debt and no growth. i needed to fix it. The theory turned into to combine sleep apnea with AFib. Sleep apnea influences 15% of the grownup population — about 60 million individuals. When sleep apnea sufferers go to sleep, their delicate tissue collapses which blocks their airways 10 to 15 times per hour. They awaken exhausted. It damages the heart tissue and is a reason for AFib.”

    Itamar scientific makes a tool that diagnoses sleep apnea. “we now have a clinical device — called a Peripheral Arterial Tonometry (PAT) examine — that may become aware of sleep apnea in a method it's more affordable and simpler for the patient. It turned into intricate to convince the industry to undertake PAT as a result of sleep doctors have been not compensated for it. The nocturnal polysomnography check — by which a affected person spends the nighttime at a sleep health center — will pay a sleep medical professional $2,000 whereas the PAT prices $200.”

    given that 2013, Glick has boosted Itamar clinical’s cost. “due to the fact 2013, the enterprise’s market capitalization has improved from $50 million to [$314 million, as of September 18]. I joined as a result of I knew about AFib, i thought I might create Israeli jobs, and they had no competitors. the important thing to reviving Itamar was attempting to convince cardiologists — of which there are 35,000 — [far more than the] 5,000 sleep docs. They have been able to demonstrate cardiologists that PAT could assist make an AFib risk aspect go away. earlier than Covid-19, ninety% of sleep apnea checks took place in the sleep hospital, most effective 10% have been done by the use of PAT. on the grounds that Covid-19, sleep labs have closed down which has been a huge boon for us.”

    in the ultimate two and a half years, Itamar has been promoting WatchPAT. “An early device became bought to docs. They found that the logistics of a patient getting the $200 device returned to their doctor [were onerous]. They created a completely-disposable edition that makes use of a smartphone app to collect and transmit the look at various consequences. for the reason that launching it, their sales have elevated from between $3.5 million and $4 million a quarter to $10 million a quarter,” Glick mentioned.

    Theator Helps Surgeons Make more advantageous selections

    Theator operates Minute, a platform that shows highlight reels of successful operations — conducted by means of a in a similar way skilled surgeon with a affected person within the same circumstance — before a surgeon is set to perform the operation.

    As Theator’s CEO and Co-founder Tamir Wolf explained in a September 15 interview, “i am from Haifa and earned an MD/PhD from the Technion. I began serving as a doctor in the Israeli equal of Seal crew 6. during the 2nd Lebanon conflict, i used to be aiding a unit that became focused with missiles. there were 13 wounded and that i was the only MD. i was operating on two of my friends under hearth in retreat. fortuitously they are alive. I had by no means passed through it before. What became I pondering? What turned into I doing? I could have used assistance from extra experienced americans.”

    After a number of extra years in the military, he needed a wreck. He went to work at a scientific device company in Cambridge, Mass. after which to Harvard enterprise faculty. “To the disappointment of my mother, I determined I could have an even bigger have an impact on at a bigger scale as an entrepreneur, rather than a clinician. The issue i wished to solve turned into epitomized by using two circumstances of appendicitis I treated at different hospitals seven miles aside in big apple metropolis. due to a snowball impact of unhealthy choice-making from the time the primary one, my boss, entered the sanatorium, he basically died. The second one, my spouse, had a tummy pain. 12 hours from the time she entered the health center, she become lower back home and cured. Such crazy variability in 2016 didn’t make sense.”

    Wolf cofounded Menlo Park, Calif.-based Theator, with the aim of improving patient effects by means of assisting surgeons make more desirable decisions. “since the 1600s, surgery has worked via the apprenticeship mannequin in which individuals be trained from experienced surgeons about the way to make respectable choices. My aim became to deliver analyzed surgical photos — a spotlight reel that condenses, say, 5 hours of surgical video — searchable by using the surgeon’s stage of event, clinical technique, and the affected person’s disorder and circumstance. The surgeon would be capable of watch this spotlight reel to prepare for his or her next surgery. We’ve developed an algorithm that annotates every little thing to create the spotlight reel for an hour surgical procedure quarter-hour after it’s over. i used to be in a position to companion with my cofounder Dotan Asselmann — who become a laptop vision wizard from the 8100 [an elite unit of the Israeli Defense Force].”

    Theator — which raised $3 million in seed funding in April 2019 — operates a business-to-business model. The company aims a serviceable addressable market of $6.2 billion for minimizing complications from frequent surgical procedure, Theator companions with providers of so-referred to as towers — that checklist videos of surgical procedures. The company charges regular surgeons, gynecologists, urologists and others a month-to-month or per tower fee. Theator is now working pilots with early-adopters comparable to main expert societies, McGill university and others.

    StuffThatWorks Brings The Voice of the affected person to Drug building

    Yael Elish — who become in cost of product at Waze, the crowdsourcing traffic app received with the aid of Google GOOGL for around $1.3 billion in 2013 — is the cofounder and CEO of StuffThatWorks (STW), a crowdsourcing platform launched in 2018 for patients to share their experiences with plenty of ailments and treatments.

    At Waze, Elish solved a huge advertising difficulty — attaining a critical mass of clients willing to provide accurate, timely highway situation experiences. As she defined in a September three interview, “How do you ask americans to be part of and make contributions [to a crowdsourcing site when it is too small to offer] cost? It must be very skilled. users need to be proud of contributing to attaining the vision and jointly building price. It’s about surroundings expectations correct: that it'll take one or two years to provide greater cost.”

    STW become all started as an answer to an issue that Elish confronted. “whereas i was working at Google after it bought Waze, my daughter had a persistent situation. It didn’t have to be life threatening. It led to suffering within the family unit because it received worse. i used to be looking frantically on-line every nighttime for a transparent thought. i assumed ‘there have to be anything accessible — possibly a weblog publish from an adolescent.’ at last, I found a medicine in Israel. My daughter begun taking it and within three weeks [her symptoms] went away.”

    STW goals to center of attention the innovation agenda of pharmaceutical and scientific know-how organizations extra squarely on enhancing patient consequences. “There are 10,000 persistent situations affecting 6.5 billion people worldwide and the circumstance is getting worse. [With a few exceptions] there is not any advice about what's happening to these patients. Whoever has the money — e.g., pharmaceutical companies — focuses on a subset of sufferers devoid of assistance on what's working. There is not any comparison between methods. they are crowdsourcing to collect actual-world facts that allows you to shift the focal point to what works for sufferers,” Elish referred to.

    STW has been working in stealth mode for two years. In July 2020, it raised $9 million, in accordance with TechCrunch. It has statistics on over a hundred different situations, from 220,000 contributors — with 12 million statistics features, Elish stated.

    Elish eventually left Google and cofounded STW with two others. based on TechCrunch, these covered, CTO Ron Held -- a “educated mathematician and former head of an IDF intelligence crew” — and Chief statistics Scientist, Yossi Synett, who's “an authority in computing device discovering, AI, and fingers-on analysis.”

    STW helps patients and scientific researchers. It gives a forum for patients to share their fears and trade tips on valuable and ineffective remedies. It additionally brings the voice of the affected person into the technique of developing disease treatments.

    As Dr. Amir Tirosh, Director, Division of Endocrinology, Diabetes and Metabolism at Sheba - Tel Ha Shomer medical institution and Assistant Professor at Harvard scientific school informed me September 15, “[As chair of the STW sub-committee for type 1 diabetes] i am thrilled to assist Yael to make use of new social networks to damage a taboo within the industry: allowing patients to inform us what they consider is vital. Pharmaceutical companies examine drug treatments compared to a placebo as a result of regulatory companies require it. however that leaves many questions unanswered about efficacy, aspect effects, and extra methods.”

    The STW databases help scientists to see certain disorder indicators in the context of environmental elements that trigger the disease and in relationship with different conditions. Tirosh said, “STWs’ databases permit medical science to map tens of thousands of patients everywhere with weather maps, air pollution, and different physical and intellectual situations. for instance, polycystic ovarian syndrome is a circumstance with actual symptoms — corresponding to multiplied hair boom and chance of diabetes — in addition to intellectual circumstances — such as depression and anxiousness,” Tirosh explained.

    Israel’s digital health business is aiming at relieving patient ache. The present pandemic is making the want for such options increasingly pressing. in all probability one of the most corporations discussed here could make alluring acquisition opportunities for growth-hungry incumbents.


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