XO Life
Financials
Estimates*
USD | 2022 | 2023 |
---|---|---|
Revenues | 2.2m | 2.5m |
% growth | - | 14 % |
Date | Investors | Amount | Round |
---|---|---|---|
- | N/A | - | |
N/A | Spinout | ||
€50.0k | Grant | ||
€1.1m | Seed | ||
* | €7.0m | Early VC | |
Total Funding | €8.2m |
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Recent News about XO Life
EditMEDIKURA is a cutting-edge startup that has developed an advanced communication platform designed to enhance the exchange of drug-related information among patients, medical professionals, and pharmaceutical companies. The primary goal is to improve the effectiveness and safety of medications in real-world settings.
The company serves three main types of clients: patients, doctors and pharmacists, and pharmaceutical companies. Patients use MEDIKURA to monitor their medications online, connect with healthcare providers for feedback, and report their experiences anonymously to pharmaceutical companies. This ensures that their personal identity is always protected. Doctors and pharmacists receive patient requests, provide feedback, comment on patient reports, and communicate with both patients and pharmaceutical companies for follow-ups. Pharmaceutical companies use the platform for real-time drug monitoring, allowing them to be informed about new risk signals or changes in frequency patterns of side effects. They can also compare the efficiency of their processes against industry standards and generate individual reports for decision-making.
MEDIKURA operates in the healthcare and pharmaceutical market, focusing on post-market drug surveillance. This means they track the safety and effectiveness of medications after they have been released to the market. The business model is likely based on subscription fees or service charges paid by pharmaceutical companies and possibly healthcare providers who benefit from the data and insights generated by the platform.
The company makes money by providing these valuable insights and data analytics to pharmaceutical companies, who need to ensure their products are safe and effective. By offering a platform that facilitates real-time monitoring and reporting, MEDIKURA helps these companies comply with regulatory requirements and improve their products.
Keywords: drug monitoring, patient safety, real-world evidence, healthcare communication, pharmaceutical analytics, post-market surveillance, data reporting, medical feedback, patient anonymity, risk signals.