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

Ola Electric’s Share Hits All-Time Low Of Rs 74 Ahead Of Q2 Results

Analysts predict that the stock could drop closer to the Rs 70 mark. Ola Electric…

5 mins ago

US Election: Voting Begins With First Ballots Cast In New Hampshire

This election is one of the most divisive in US history. Harris and Trump have…

20 mins ago

Waqf Bill: Opposition MPs Meet LS Speaker, Lodge Protest Against JPC Chairman Jagdambika Pal

Opposition members alleged that Pal calls JPC meetings without consulting them and restricts their opportunity…

37 mins ago

Delhi HC Rejects Khalid Saifi’s Plea To End Attempted Murder Case In 2020 Riots

The Delhi Police opposed Saifi’s bail, citing evidence from WhatsApp messages exchanged among the accused.…

2 hours ago

Maha Kumbh 2025: Uttar Pradesh Enhances Security With Face Recognition Cameras

To protect millions of devotees at Maha Kumbh, the UP govt is implementing advanced security…

2 hours ago

SBI CME Soldierathon Set To Honour Indian Army’s Brave Soldiers On 244th Sappers Day At CME Pune

This landmark event, organized at the historic Military Institute, will honor the sacrifices of the…

2 hours ago