Heranova Lifesciences: $13.5 Million Raised To Develop Women’s Health Solutions

By Annie Baker ● Jan 3, 2024

Heranova Lifesciences Holding Ltd. recently announced the successful completion of a $13.5 million seed and seed+ financing to develop and offer integrated Women’s Health solutions worldwide. This funding round will be used to launch a series of non-invasive endometriosis tests and advance two innovative (non-hormonal and non-antibiotic) therapeutic programs for endometriosis and bacterial vaginosis.

The company is also actively seeking global or regional partnerships for other Women’s Health indications. Institutional investors like Pivotal bioVenture Partners China, Sinovation Ventures, Emerging Technology Partners, and Triwise Capital participated in this round.

Heranova’s goal is to address unmet needs in women’s healthcare by offering internally developed and externally partnered diagnostics, drugs, and devices. And the company was founded in 2022 by a team of serial entrepreneurs and seasoned MNC executives with support from a world-class Scientific Advisory Board.  Heranova has already established presences in the United States and Asia.

KEY QUOTES:

“Despite the fact that women play a critical role in modern societies and economy, the awareness and solutions for their critical health issues are largely under-recognized and outdated. As a global Women’s Health company, Heranova was founded with a mission to challenge this status quo by taking a holistic approach so that we could enable women to live their better lives.”

— Dr. Jonathan Y. Zhao, co-founder and CEO of Heranova

“Endometriosis, for example, is a highly prevalent and debilitating women’s disease with large diagnostic and treatment unmet needs. 176 million endometriosis patients worldwide are suffering from excessive pain, abnormal menstrual bleeding, and infertility. Unfortunately, the diagnosis of endometriosis today is often delayed by 8-12 years on average. We are excited to see that Heranova is committed to bringing innovative solutions to address this care gap.” 

— Dr. Hugh Taylor, Chief of Obstetrics and Gynecology at Yale New Haven Hospital, and member of Heranova’s Scientific Advisory Board

“Having access to convenient and reliable diagnostic tests will be a key milestone in the overall management of endometriosis and other women’s diseases. The diagnostic products developed by our R&D team have received endorsement from global leading KOLs as they may help to significantly shorten the time from disease onset to diagnosis and subsequent treatment. To provide an integrated solution, we are also developing first-in-class, non-hormonal therapeutic programs for endometriosis.”

— Dr. Farideh Bischoff, the Chief Diagnostic Medical Officer at Heranova