HD Medical Secures Strategic Investment from Maxim Ventures

Feb 5, 2016 0

SUNNYVALE, Calif.– Sunnyvale-based HD Medical Inc. and Maxim Integrated Products, Inc. of San Jose announced that Maxim has made an $800,000 strategic investment in HD Medical, in the form of a convertible promissory note intended to convert into HD Medical’s next preferred equity round of financing.

Shailendra Mahajan

Shailendra Mahajan

The majority of Maxim’s investment will be dedicated to HD Medical’s new product development of its visual stethoscope technology utilizing a low power Maxim chipset for the advancement of digital health.

“With Maxim’s impressive investor confidence, HD Medical is well poised for future growth and investment,” said Arvind Thiagarajan, Founder & CEO of HD Medical, Inc. “This agreement will accelerate as well as enhance our new product development and position us to ramp our revenues.”

Thiagarajan is responsible for the securing several patents upon which HD Medical’s current and future products are based. Mr. Thiagarajan was given a special award from Member of Parliament for Science and Technology from the Government of India for his contributions to research and science and his work as part of HD Medical won the Socially Relevant Product (SRP) award in ITT Madras, according to the company’s website.

HD Medical develops the ViScope visual stethoscope product family.

“We are excited by the growth and vision we’ve seen from HD Medical’s team,” said Shailendra Mahajan, Managing Director of Maxim Ventures.

“We believe that the product roadmap directly corresponds with the healthcare professional’s needs and also opens up opportunities in tele-medicine and home healthcare markets. Our goal is to ensure both our companies significantly contribute to the advancement of digital health,” said Chris Neil, SVP of Maxim and Head of Maxim Ventures.

Read More

Herbal sweetener launched for diabetics

Dec 21, 2015 0

MUMBAI– In a bid to provide a healthy life to diabetic patients, a new sweetener made of herbs was launched here on Monday.

Zero Sugar — made out of natural sweetener Stevia — enables the patient to tackle obesity and satiate his sugar cravings also.

Stevia rebaudiana

Stevia rebaudiana

Stevia is extracted from the leaves of the plant species Stevia rebaudiana.

“There is no nutritive value in sugar and when consumed in excess, one is likely to be prone to life threatening ailments. After lots of research Zero Sugar has been formed with herbal base,” said Kanchan Patwardhan, Mumbai-based clinical nutritionist and dietician, at the launch.

India is home to nearly 62 million diabetics – second only to China which has over 92 million diabetics. A majority of diabetics are unable to keep their sugar level under control despite adequate medication and follow ups.

Patwardhan said Zero Sugar is a better solution because, being 200 times sweeter than sugar, it is the best sugar replacement.

According to medical science, eating sugar in excess sets up a relentless biochemical drive in the brain that in turn makes the person crave for more sugar, resulting in weight gain and diabetes.

“Being free from carbohydrates, it neither affects blood sugar nor insulin levels. It can be a good alternative for our regular sugar as well as for those who love to eat sweets but still want to be in shape. A gram of sugar contains about 4 calories. In contrast to this, Stevia has no calories,” said Patwardhan.

“There are a few natural sweeteners which can regain that lost taste to your sweet foods. One of these is Stevia, a sweetener that is 100 percent natural and zero calories with a number of health benefits that have been confirmed by scientific studies,” said Dilip Joshi, managing director and chief executive officer of GreenRev, the makers of Zero Sugar.

By 2030, India’s diabetes numbers are expected to cross the 100 million mark according to a 2012 report by International Diabetes Federation. The economic burden due to diabetes in India is among the highest in the world.

Read More

Public, private sectors need to jointly ensure healthcare: Sinha

Dec 10, 2015 0

NEW DELHI–Public and private sectors need to jointly ensure the 6 percent of GDP India spends on healthcare is spent effectively in delivering innovative healthcare solutions to the common man as the government has limited fiscal space, Minister of State for Finance Jayant Sinha said on Thursday.

Jayant Sinha

Jayant Sinha

“As far as the public health is concerned, we need to do much much more. The challenge is government spending which is 1 per cent of GDP, well below our peer group. We need to fix that,” Sinha said at the Confederation of Indian Industry (CII)-organised Health Summit here.

“Fiscal space is limited and that is where they we need to be innovative. What we need to collectively do is to come up with a innovative framework that enables to do what can be done with limited resources,” he said

He said that public spending on health in India is 6 percent of GDP, which is close to the World Health Organisation recommended 7 percent.

The minister said the amount of money available in terms of fiscal space for social sector expenditure is far below what they need to be.

“You know that our fiscal space is limited, you know our state capacity is also limited because of vacancies and ability to do innovative things. So come to us with practical solutions, tell us what we can do, we are very open, we recognise our limitations, and we want to work in a collaborative fashion to solve this difficult problems,” he said.

Read More