UCD HealthTech spin-out raises €525,000 to launch a 12-month weight management program

UCD HealthTech spin-out raises €525,000 to launch a 12-month weight management program

Beyondbmi, a College School Dublin (UCD) HealthTech spin-out firm supported by NovaUCD, has introduced closing a €525,000 pre-seed funding spherical, suggested by CKS Finance.

Beyondbmi has developed a 12-month weight administration program, designed by the main medical weight administration specialists, to allow shoppers obtain long-term weight reduction and well being achieve in a sustainable manner. Beyondbmi makes use of the newest scientific analysis and therapies to create individually tailor-made therapy plans which incorporates detailed assessments, medicine, dietary plan, and behavioral well being changes.

The funding shall be utilized by the corporate to launch its proprietary Beyondbmi platform and display medical outcomes by giving individuals dwelling with extra physique fats entry to doctor-prescribed weight reduction medicine, dietary remedy and one-to-one accountability teaching.

Traders on this spherical embrace, John Purdy (Chairman of Ergo), Eoghan Quigley (Companion at KPMG), Conor Sheahan (Founder, CKS Finance), Paddy Dillion (Head of Company Finance, Grant Thornton) and Declan Magee (ex-Davy/Elkstone).

A UCD College of Drugs spin-out Beyondbmi was based by medical physician Dr Harriet Treacy and product designer Peter Lumley with help from senior workforce members together with world-leading weight problems scientists and clinicians, Professor Carel Le Roux and Dr Werd Al-Najim, UCD College of Drugs and UCD Conway Institute and Professor Alex Miras, Ulster College.

As a working towards physician, I’ve handled 100’s of sufferers who’re experiencing well being situations they aren’t conscious are a direct results of extra physique fats. Situations reminiscent of hypertension, sort 2 diabetes, nervousness and despair and more and more, feminine well being challenges like PCOS and infertility. Till now, I’ve had few medically-proven options I can level them in the direction of to handle weight points. This led me to spend time with world weight problems specialists to know how we might design an answer which was based mostly on the science of weight problems.”


Dr Harriet Treacy, Co-Founder, Beyondbmi

She added, “In accordance with the World Well being Group it’s now estimated that over 60% of the inhabitants live with chubby or weight problems with a staggering 220 well being issues straight linked to those. Our mission at Beyondbmi is to supply a scientifically-based different to the outdated strategy of ‘eat much less, transfer extra’ which, analysis has proven, is an ineffective long-term strategy to weight administration. For too lengthy, the symptom of starvation related to extra fats accumulation has been handled as a difficulty of willpower which causes untold hurt to individuals who usually internalise the failure of the therapy as a private or ethical failure.”

“Fortunately, we now have more practical options within the type of new medical drug therapies, mixed with dietary remedy and behavioural help which targets the underlying biology liable for the sensation of starvation. This leads to, on common, 15% weight reduction over little greater than a 12 months as demonstrated within the STEP trials, and we’re excited that Beyondbmi will present an answer that goals to ship these leads to an actual world setting.”

Peter Lumley, co-founder, Beyondbmi, stated, “We’ve got designed bespoke know-how, which incorporates each a consumer and clinician dealing with portal, to fulfill the precise wants of shoppers dwelling with weight problems and clinicians practising weight problems medication. This enables us to ship extra coordinated, obesity-specific multidisciplinary care, which is tough to realize utilizing legacy, generalist EHR [Electronic health records] methods.”

Dr Treacy concluded, “It is price noting that Eire has actually put itself on the map by launching Europe’s first weight problems tips final 12 months [26th October 2022]. The momentum is constructing for higher options throughout Europe, and we consider Eire is the right launchpad for Beyondbmi to supply a nationwide and world answer within the close to future.”

The Beyondbmi Board shall be chaired by John Purdy and can embrace Dr Harriet Treacy, Peter Lumley and Professor Carel Le Roux.

Beyondbmi accomplished the 2021 UCD VentureLaunch Accelerator Programme run by NovaUCD. The corporate was established in 2022 following the completion of an Enterprise Eire Commercialisation Fund analysis mission.

Supply:

UCD Analysis and Innovation

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