London healthtech startup bolsters growth ambitions via seven-figure investment

“Ground-breaking” trials run by London based startup Lindus Health are kicking off to find “innovative” treatments for conditions including tinnitus, insomnia and progressive childhood short-sightedness.

Using its technology platform and machine learning to manage trials from start to finish in an industry first, the company aims to help treatments reach patients more quickly to improve and extend lives.

The news comes as the company reveals it has to date raised $6m (approximately £4.8m) from investors, including from Firstminute, Seedcamp and Peter Thiel (PayPal co-founder and the first outside investor in Facebook), to accelerate its use of machine learning and data science to revolutionise clinical trials.

Lindus Health is also announcing that it has received an Innovate UK Smart Grant (part of UK Research and Innovation) worth almost half a million pounds, with their work in machine learning and data science described by UKRI assessors as a “​​hugely valuable and game-changing project”.

Lindus Health’s “pioneering” technology speeds up the time it takes to approve treatments and get them to market, with their trials to date having been completed three times more quickly than the old-fashioned industry standard.

Having already delivered more than 80 trials for treatments across the US, UK and Europe, Lindus Health is next working with the global healthcare company Pharmanovia to evaluate the safety and efficacy of a treatment for patients with severe insomnia in a real-world setting using digital technology to find hard-to-reach insomnia patients.

It is also partnering with Berlin based startup Dopavision to trial the MyopiaX treatment for children affected by progressive short sightedness. This aims to increase dopamine levels in the retina to slow the progression of the condition.

Co-founder of Lindus Health, Michael Young, commented: “Clinical trials are the biggest bottleneck to improving human health. We’re working with high-growth companies developing the next wave of breakthrough treatments to accelerate the clinical trials process.

“It’s fantastic to be working with the Government and industry pioneers to revolutionise clinical trials to deliver treatments to benefit patients more quickly.

“From monitoring trial data in real time to using machine learning to predict trial outcomes and make improvements to trial designs in advance, we want to simplify and accelerate the trials process and put patients first.”

By Matthew Neville – Senior Correspondent, Bdaily

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