23 September 2021 | Thursday | News
Orbit Health today announced that they have secured additional funding through The BioInnovation Institute Foundation’s (BII) Creation House to further mature the company’s breakthrough digital platform that enables physicians to easily adopt novel digital health solutions for chronic disease management.
Harnessing the power of sensor and AI technology, Orbit’s first solution, Neptune, uses only a smartwatch to enable treatment optimization to help people with Parkinson’s attain optimal symptom control and improve quality of life. Now with Orbit Lab, multiple digital health solutions can be orchestrated and applied to a single patient. Orbit brings these solutions from a siloed environment and integrates them into the routine clinical workflow to achieve holistic patient care and real impact.
“Half the adult world population is suffering from chronic disease and one third has multiple chronic diseases. The number is expected to continue to rise which seriously challenges healthcare sustainability. For this reason, many countries are looking to move chronic care to a digitally enabled proactive home-care model - a move which will require new digital solutions that enable physicians to perform remote monitoring and interventions on an individual level. Orbit is committed to playing a central role in future management of chronic diseases, instilling in patients, caregivers, and doctors a confidence that is both empowering and sustainable. After winning EIT Health’s Wild Card challenge last year, joining Creation House is another important step towards achieving our mission,” says Patty Lee, CEO and co-founder of Orbit.
The BioInnovation Institute Foundation, an international non-profit foundation supported by the Novo Nordisk Foundation, operates as an incubator to accelerate world-class life science innovation.
Creation House is targeting companies with a solid, initial business plan and the purpose of the 18- months long program is to build a case that can attract substantial funding making Orbit an obvious candidate.
“The lack of accurate insight into a patient’s status between follow up visits is a tremendous issue in healthcare, particularly when it comes to chronic diseases like Parkinson’s Disease where a patient is followed for years, and the physicians get a view on how a patient is doing only during doctor’s visits that take place once every 3-6 months. We believe that the experienced Orbit Health team not only holds a strong grasp of the issue but also the capability to build solutions that meet the needs of the
diverse stakeholder groups in healthcare.