What are HealthTech Startups?
Healthtech startups are innovative companies operating at the intersection of healthcare and technology, leveraging advanced technological solutions to address and enhance various aspects of the healthcare industry. These startups often develop and implement cutting-edge technologies, such as artificial intelligence, telemedicine, wearable devices, and data analytics, to improve patient care, streamline healthcare operations, and facilitate medical research.
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By introducing novel solutions, health-tech startups aim to optimize the delivery of healthcare services, enhance diagnostic capabilities, and promote preventive healthcare measures. Whether through digital health platforms, remote monitoring tools, or personalized health applications, these startups contribute to the ongoing digital transformation of the healthcare sector, ultimately striving to make healthcare more accessible, efficient, and patient-centred.
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Top 10 HealthTech Startups in UK
Table of Contents
Oxford Nanopore Technologies
Established in 2005 byby Dr Gordon Sanghera, Dr Spike Willcocks and Professor Hagan Bayley. Oxford Nanopore Technologies is a leading biotech firm headquartered in Oxford, UK. Known for its revolutionary MinION, the world’s inaugural nanopore DNA sequencer, the company has redefined biological analyses.
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Their mission is to democratize biological insights across scientific research and disease surveillance, envisioning a future where genomics and personalized medicine are advanced through innovative sequencing technology. With an impressive £1.1 billion in funding, Oxford Nanopore Technologies continues to pave the way in genomics.
At the end of August, Babylon UK was acquired by eMed, a healthcare services organisation. Founded in 2013 with a clear objective, Babylon aims to make healthcare universally affordable and accessible. Headquartered in London, the company seamlessly blends machine computing power with medical expertise, creating an immediate, personalized health service.
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Babylon envisions a world where healthcare resources are easily accessible, reflected in their substantial funding of $1.2 billion.
Jazz Pharmaceuticals bought GW Pharmaceuticals in May 2021. founded in 1998 by Geoffrey Guy and Brian Whittle, GW Pharmaceuticals stands at the forefront of plant-derived cannabinoid therapeutics development. Founded in the UK, the company has solidified its position through successful drug discovery processes.
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With a commitment to addressing high unmet medical needs, particularly in cancer and viral diseases, GW Pharmaceuticals combines regulatory expertise and manufacturing prowess. Their substantial funding of $1.2 billion underscores broad support for their vision.
Founded in 2014 with a vision for advancing minimal access surgery, CMR Surgical is the brain behind Versius, a cutting-edge universal robotic system. Based in Cambridge, the company aims to enhance the accessibility and effectiveness of robotic surgery.
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Their mission revolves around innovating surgical solutions to improve patient outcomes. With a robust funding of $1.1 billion, CMR Surgical stands as a key player in the field of robotic surgery.
Established in 2008, Immunocore is a privately owned biotech company situated in the UK. Focused on addressing diseases with significant unmet needs, including cancer and viral diseases, Immunocore centers its efforts on discovering and developing novel T-cell receptor-based drugs.
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With successful funding of $808.8 million, the company showcases substantial support for its innovative approach. Immunocore envisions leveraging T cell receptor technology to revolutionize treatments for various diseases.
Established in 2014 by by Dr Martin Pule, Autolus is a leading biotechnology firm situated in London, UK, concentrating on advancing treatments for cancer. Employing sophisticated cell programming CAR-T and manufacturing technologies, Autolus has crafted an extensive pipeline of developmental-stage products targeting both haematological malignancies and solid tumours.
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The company aspires to reshape cancer therapy through state-of-the-art cellular programming. Autolus has secured substantial funding amounting to $781.6 million, underscoring its commitment to revolutionise the landscape of cancer treatment.
Founded in 2009, Bicycle Therapeutics leads the way in the development of biotherapeutics, employing innovative technology to pioneer a new era of treatments. Headquartered in Cambridge, UK, the company aims to advance therapeutics by leveraging its distinctive platform.
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Bicycle Therapeutics is dedicated to creating highly targeted and potent biotherapeutics for diverse diseases. With significant funding of $542.9 million, the company demonstrates its dedication to driving advancements in the biopharmaceutical sector.
Myovant Sciences Inc. is now Sumitomo Pharma America (SMPA). Established in 2016, Myovant Sciences aims to provide groundbreaking solutions in women’s health, particularly for endometriosis treatment and prostate cancer. The company is headquartered in London, and its mission revolves around efficiently bringing new medicines to market.
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Myovant Sciences envisions a future where healthcare solutions are tailored specifically to women’s health needs, emphasizing scientific innovation and accessibility. With a funding amount of $540 million, Myovant Sciences holds a prominent position in the pharmaceutical landscape.
Founded in 2012, Exscientia is a trailblazer applying AI and big data processing to expedite drug discovery and development. Headquartered in Oxford, UK, the company’s mission is to accelerate the drug discovery process by leading in the application of cutting-edge technologies.
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Exscientia envisions a future where artificial intelligence significantly shortens the drug development timeline. With substantial funding of $474.4 million, the company enjoys broad support for its transformative approach.
Established in 2015 by three world-leading universities Cambridge, Imperial College London and University College London in partnership with AstraZeneca, GlaxoSmithKline and Johnson & Johnson Innovation. Apollo Therapeutics operates at the nexus of funding and drug discovery expertise, expediting the transition of British academic research into clinical applications.
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The company’s mission is to narrow the gap between academic innovation and tangible healthcare solutions. Apollo Therapeutics envisions a future where scientific discoveries swiftly translate into tangible benefits for patients. With notable funding of $380 million, the company catalyzes advancing academic research into clinical realities.
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Frequently asked questions (FAQs)
Name the Top 10 HealthTech Startups in UK?
Oxford Nanopore Technologies, Babylon, GW Pharmaceuticals, CMR Surgical, Immunocore, Autolus, Bicycle Therapeutics, Myovant Sciences, Exscientia, and Apollo Therapeutics are Top 10 HealthTech Startups in UK.
Who founded GW Pharmaceuticals?
GW Pharmaceuticals was founded in 1998 by Geoffrey Guy and Brian Whittle.