StockRoomBully
4 years ago
PwC grows its mental wellbeing commitment with partnership
As it continues to grow, the professional services firm is looking to ensure that its workforce remains healthy and motivated. “PwC is leading the way in implementing programs that assure, as much as possible, the wellbeing of their workforce,” said Jennifer Solitario, Senior Vice President of Corporate Health at Medibio.
“To that end, Ilumen will provide PwC Australia management with de-identified aggregate data to better support and manage the mental wellbeing of their workforce,” she said, while CEO at Medibio David Kaysen added, that “this agreement further demonstrates the interest and the need that we are seeing from the market in a variety of geographies for this technology.”
https://www.consultancy.com.au/news/1309/pwc-grows-its-mental-wellbeing-commitment-with-partnership
StockRoomBully
4 years ago
Subsequent to year the end Group completed the following:
• On 19 July 2019, the Group completed Placement to sophisticated investors as announced on 10 July
2019 issuing a total of 35,000,000 fully paid ordinary shares at $0.01 (1 cents) raising $350,000 (before
costs).
• On 29 August 2019, the Group completed a Share Purchase Plan and a Placement to sophisticated
investors issuing 120,995,500 and 315,000,000 fully paid ordinary share respectively. Upon
completion of the two offers a total of $4,359,955 (before costs) was raised.
• Also on 29 August 2019, the Group issued 275,333,040 fully paid ordinary shares following early
conversion of 137,666,520 convertible notes. As such the convertible note liability has been
extinguished subsequent to year end.
These funds will provide the financial runway required to carry the Group through the 2019-2020 fiscal year
and to the ilumen product launch and corresponding sales. The Group also intends to seek additional funding
through non-dilutive government grants for which the Group is eligible, along with R&D tax incentives.
The Management Team is confident that the Group will be able to raise further equity from its shareholders
and sophisticated and professional investors, if required. Accordingly, the Management Team believes the
Group will be able to pay its debts as and when they fall due for a period of at least 12 months from the date
of these financial statements
StockRoomBully
4 years ago
COMMERCIALISATION AND PARTNERSHIPS
In October 2018, the Company released ilumenTM, the second generation of the company’s corporate health product.
ilumenTM uses biometric data and subjective assessments to provide individuals with a ‘well-being snapshot’ that they use
to monitor and make improvements over time; whilst also providing management with de-identified aggregate data to
better support and manage the mental well-being of their workforce.
Since that time, the Company has successfully demonstrated the stability of its ilumenTM product through its pilot program
implemented with a number of corporations with a global presence. Medibio continues to advance and consider
unsolicited approaches from major global companies. Medibio will work to integrate ilumen™ into organisations with global
distribution channels.
In July 2019 the Company announced a partnership agreement with WellteQ Limited (WellteQ), a digital corporate
wellness solution for employers and insurers. Under the partnership agreement the parties will create an integrated
solution by incorporating Medibio’s ilumenTM mental well-being assessment into WellteQ’s digital wellness platform.
Medibio and WellteQ have identified that the Integrated Solution will offer a unique value proposition and enter into this
Partnership Agreement to design, develop and implement a Minimum Viable Product (MVP). Teams will begin work
immediately on the integration in anticipation of the platform being available by the end of CY2019. The initial geography
will be specific to the rapidly growing Asia Pacific (APAC) Region with potential for additional geographical areas upon
mutual agreement.
For the planned U.S. Regulated Product, the initial commercialisation and licensing opportunities will focus primarily on
physician-prescribed inpatient sleep studies.
StockRoomBully
4 years ago
Thank both of you.
The DD tells the story of how down right crazy this price/market cap looks. The amount of news and affiliation with Pricewaterhouse, Compass Group, fitbit, google , apple ohh this cheap. Load and be quiet before the volcano erupt
This qb got buyout written all over it. No hype. Dd speak for itself!
"The mobile app, named Medibio Inform, allows businesses to offer employees the chance to ‘check-in on their mental health’ through a comprehensive mental health and wellness program that starts with an employee-facing, Mental Health Check-In campaign. This allows employees of participating businesses using Fitbit devices to assess their mental health using both traditional assessments and biometric measures. At this time, only Fitbit users that are enrolled in a Mental Health Check-In with their employer have access to use the Inform app."
June 13, 2018 11:00 ET | Source: Medibio Limited
Google bought fitbit 2.1 billion
Nov 1st 2019
17 months "
StockRoomBully
4 years ago
How Data Can Help Cities Tackle Addiction and Mental Health Crises
Management consultant Chris Hart is working with Patrick Kennedy and companies like Google to develop best practices for mental health and addiction care.
ata and technology hold the key to combatting mental health crises and spurring addiction recovery, says Chris Hart. A managing partner at the Chicago management consulting firm sr4 Partners, Hart is working with former congressman Patrick Kennedy (D-RI) and companies like Google to document and replicate best practices for mental health and addiction care, and to grow recovery services. “We’ve never evaluated all of the social determinants that go into facilitating someone in recovery’s ability to live in a community: the housing, employment and counseling that makes a community a better place in which to seek recovery,” Kennedy says. “If we’re going to up our game in terms of advocacy, we want to advocate for that in every community, and start to benchmark those models. That’s what Chris is doing.”
Hart spoke with us about how he’s measuring success and which cities are doing the best work.
Q: How are you using data collection to address issues of mental health and addiction?
I’m trying to influence and reform the way in which we—communities and healthcare systems—care for and support people with mental health issues or with resolving a problem with alcohol or drugs.
https://www.worth.com/how-data-can-help-cities-tackle-addiction-and-mental-health-crises/
StockRoomBully
4 years ago
Google Buys Fitbit 2.1 bill see who was mentioned in Potential partner
Medibio Broadens Opportunities with Compatibility to Fitbit Wearable Devices for Mental Health Measurement
Fitbit joins Apple Watch, Garmin and others allowing users to help process biometric data for an objective view of mental health
Sydney, Australia, and Minneapolis, MN – June 13, 2018 – Medibio Limited (OTCQB: MDBIF), the world leader in objective measurement technology for mental health, has recently enhanced the compatibility of its mobile app product to accept data from Fitbit devices equipped with heart rate monitors.
The mobile app, named Medibio Inform, allows businesses to offer employees the chance to ‘check-in on their mental health’ through a comprehensive mental health and wellness program that starts with an employee-facing, Mental Health Check-In campaign. This allows employees of participating businesses using Fitbit devices to assess their mental health using both traditional assessments and biometric measures. At this time, only Fitbit users that are enrolled in a Mental Health Check-In with their employer have access to use the Inform app.
Via the Inform app, Fitbit users will be able to process specific biometric features to create an objective view of their overall health. Once the user has authorized Medibio to access their Fitbit account, the Inform app then pulls in the sleep, activity and heart rate data that is associated with the user’s wearable account. Medibio uses its proprietary platform and algorithms to process the biometric data and reports to the user on a daily basis.
The additional compatibility of Inform working with data from more than 25 million Fitbit wearable technologies, along with already accepted compatibility with nearly 13 million Garmin devices, is timely as the company prepares for the general consumer availability coming later in 2018.
“We’re thrilled to give Fitbit users the ability to monitor their personal, objective biometric data to help manage their overall mental health and well-being,” said Jack
Cosentino, CEO of Medibio. “With the addition of Fitbit to our portfolio of compatible wearables, this strengthens our footprint in the market, and supports our goal to make our technology accessible to as many consumers as possible.”
Medibio’s Fitbit-compatible app is available in the App Store and Google Play today for compatible Fitbit devices. For more information, visit the company’s website at www.medibio.com.au.
https://medibio.com.au/medibio-broadens-opportunities-with-compatibility-to-fitbit-wearable-devices-for-mental-health-measurement/
StockRoomBully
4 years ago
Wearables & Next Generation Health Metrics
Medibio CEO David Kaysen and Jennifer Solitario, SVP Corporate Health, joined the sold out Garmin Digital Health Summit APAC last week in Taipei. From the behind the scenes experience at the Garmin factory, to the Summit presentations, it was two days of learning, connecting, and sharing ideas around wearable technology and the next generation of health metrics.
Highlights from the presentations and conversations:
Employers and Insurers are looking for next-generation health metrics.
Specifically those working in corporate wellness are looking for solutions that are rooted in science, and address mental wellbeing as part of an individual’s overall wellbeing. Scott Montgomery, CEO of WellteQ, presented their digital wellness platform to a packed room, highlighting their newly formed partnership with Medibio. The combined team was energized to speak to so many attendees interested in the work we are doing together to develop an MVP integrated to the WellteQ platform.
Moving from Pilots to Commercialization
There was transparent discussion about moving pilots to commercial programs, with many sharing their experiences about the length of time required to secure commercial contracts. David Kaysen, CEO of Medibio, was honored to participate in the panel discussion Beyond piloting: Long-term commercial success with digital health solutions. He shared lessons learned from piloting our corporate health solution ilumen™, and the forward vision for our work.
What’s the impact of wearables?
Wearables can empower an individual and give them the ability to live a healthier life, especially with early screening of and managing chronic conditions. The power of collaboration and partnership in this area was a consistent conversation in Taipei, as it was at the September European Summit in Amsterdam. We look forward to these continued conversations as we work to aid in early screening and detection of mental health conditions.
https://medibio.com.au/wearables-next-generation-health-metrics/
StockRoomBully
4 years ago
Your phone and smartwatch may soon tell doctors if you're entering a depressive episode — and Olympian Michael Phelps is on board
Phelps' personal struggle with depression and suicidal thinking spurred him to join the board of a 23-year-old company called Medibio. The group has a bold goal: to create a tool that can detect mental illness objectively, without relying on mercurial measures like questionnaires.
"The problem with mental health today is that there's no objective diagnosis," Jack Cosentino, Medibio's CEO, told Business Insider. "People go home with a pamphlet, a recommendation, and usually a drug."
https://amp.businessinsider.com/depression-diagnosis-on-your-phone-watch-2018-6
Trade like a pro: Leverage real-time discussions and market-moving ideas to outperform.
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