Health

Cancer Detection Startup Navaux Secures Angel Investment To Enter Indian Market

US-based cancer detection startup Navaux has secured new funding to enter the Indian market, receiving an undisclosed investment from angel investor Karna D. Shinde. The company specializes in early cancer detection technology, notably their ACTIVH test, which predicts cancer onset up to 3-4 years in advance based on preclinical studies.

The funding is seen as pivotal for Navaux to establish connections within India’s healthcare industry. This move aligns with India’s growing stature as a hub for health-tech innovations, highlighted by recent government initiatives aimed at easing cancer treatment costs.

“This investment will play a pivotal role in helping Navaux, a company specialising in early cancer detection technology, establish connections within the Indian healthcare industry as they prepare to introduce their cutting-edge solutions to the Indian market,” the company said in a statement.

Also Read: India Estimates 5 Fold Surge In Its Medical Device Industry To $50BN By 2030: DCGI

Also, Finance Minister Nirmala Sitharaman’s announcement in the Union Budget 2024-25, to exempt three crucial cancer treatment medicines from customs duty is likely to boost cancer related health-tech innovation in India.

ACTIVH monitors Hepsin levels in the blood, providing real-time insights into the effectiveness of cancer treatments like chemotherapy and radiation. Decreasing Hepsin levels indicate successful treatment, while increases may prompt alternative therapies.

Angel investor Karna D. Shinde emphasized the significance of early cancer detection in improving survival rates and enhancing patients’ quality of life. He also noted the potential of biomarkers like Hepsin for developing future therapies that are more effective and have fewer side effects.

Navaux aims to introduce its advanced solutions to empower individuals with proactive health management strategies, potentially mitigating cancer risks through lifestyle adjustments such as smoking cessation and alcohol moderation.

Shibra Arshad

Recent Posts

The Health Benefits Of Eating Pineapple: A Tropical Superfruit

Pineapple, with its juicy sweetness and vibrant tropical flavour, offers more than just a refreshing…

50 mins ago

India Suspends Indus Waters Treaty Amid Rising Tensions With Pakistan

The Indian government has decided to suspend the Indus Waters Treaty with immediate effect, citing…

55 mins ago

NSE Pledges ₹1 Crore For Pahalgam Attack Victims’ Families; LIC To Fast-Track Claims

The National Stock Exchange (NSE) has pledged ₹1 crore to support families of those killed…

10 hours ago

Netanyahu To Meloni, Top World Leaders Dial PM Modi To Condemn Pahalgam Terror Attack

Top global leaders called Prime Minister Narendra Modi on Thursday to condemn the Pahalgam terror…

11 hours ago

J&K All-Party Meet Backs Centre, Lauds Kashmiris For Supporting Tourists After Pahalgam Terror Attack

An all-party meeting held in Srinagar on Thursday passed a resolution extending full support to…

12 hours ago

Mukesh Ambani Condemns Pahalgam Terror Attack; Offers Free Treatment To Victims

Reliance Industries Chairman and Managing Director  Mukesh  Ambani on Thursday denounced the 22 April terrorist attack…

12 hours ago