EKF Diagnostics has invested $5m in digital health company Trellus Health, which offers multidisciplinary care management platform for complex chronic conditions.
Trellus will use the investment to expand its treatment options for chronic conditions, including inflammatory bowel diseases (IBD) such as Crohn’s disease and ulcerative colitis.
EKF led the financing in partnership with Mount Sinai Health System (MSHS).
The move follows the previous agreement between EKF and Mount Sinai Innovations Partners to identify technologies and advance a new digital health platform for early intervention and better care management for patients with IBD.
Trellus Health digital health platform is expected to enable EKF to offer significant value for patients and providers, and ‘attractive’ returns to shareholders.
EKF Diagnostics CEO Julian Baines said: “This is another example of our combined support for a pioneering medical approach that can make a huge difference to the well-being of people with complex chronic health conditions, as well as driving much-needed healthcare economic benefits.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below formBy GlobalData
“IBD is one of the most costly and complex incurable diseases and Trellus Health’s digital health platform has already been used within Mount Sinai to show how this approach can reduce unplanned hospital interventions.”
Additionally, Trellus Health signed an exclusive multi-year licence with MSHS to commercialise its patent-pending GRITT-IBDTM resilience assessment and personalised treatment methodology.
The technology enables improved evaluation and personalised management of IBD patients. It accelerates appropriate care delivery pathways and is considered more cost-effective compared to existing approaches.
Trellus Health CEO Monique Fayad said: “We are transforming the way complex chronic conditions are treated by developing a resilience-driven connected care platform that integrates precision medicine with psychosocial care.”
IBD, which affects approximately three million people in the US and seven million people globally, is considered to be one of the costliest chronic conditions.