Pilloxa has announced that Bonnier Ventures has taken the lead in the USD 1.3 million investment round in the company.
Pilloxa, founded in 2015, tackles poor medical adherence within the clinical studies industry by having developed a patient-centric adherence platform consisting of smart hardware, tailored smartphone apps, data visualisation and analytics.
The Pilloxa platform aims to give individualised support and feedback to the user, to make it easier to take medication in the best way possible. Pilloxa has shown adherence of over 90 percent in indicative studies, with market averages of 60 - 65 percent.
Ready for the next chapter, CEO of Pilloxa Francesco Mazzotta said in a press release:
"Pilloxa is ready to expand outside Scandinavia with this strengthened investor base. Bonnier Ventures is a great fit for us, we both share a deep commitment to making a long-lasting impact and have a time perspective spanning generations."
Pilloxa is now ready to help thousands of patients by delivering a solution creating conditions for the best possible treatments to patients as fast as possible," Mazzotta continued.
Leading pharmaceutical companies Bayer (cardiovascular) and Sandoz/Novartis (transplantation) already trial the company’s services as a new approach to tackling patient non-adherence for drugs in clinical trials and patient support programs.
High-quality real-time data, smart interventions and engaged patients can optimise and speed up clinical trials. In the end, this brings new and improved therapies to the market, as well as major cost-savings for society.
"Digital health is one of the key focus areas for Bonnier Ventures. The clinical trial market is of substantial size with great digitalisation potential. Pilloxa, with its data-driven solution, tackles one of the industry’s major problems. We look forward to supporting the team as they expand their customer base," says Dajana Mirborn, Investment Director at Bonnier Ventures, in a press release.
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