Hormonal health
Hera Biotech raises US$1.9m seed round for endometriosis diagnostic test
Endometriosis affects roughly 190 million women of reproductive age globally

The medical start-up, Hera Biotech, has closed a US$1.9m seed round to support the commercialisation strategy of its non-surgical diagnostic test for endometriosis.
The funds will be used to complete an in-patient human clinical study, expand the company’s IP portfolio, and support a regulatory pathway with the US FDA.
MetriDx is thought to be the world’s first non-surgical test for definitive diagnosis and staging of endometriosis.
A sample of the patient’s endometrium is collected during an in-office procedure – similar to a pap smear but in the uterus – eliminating the need for surgery. The configuration of the test uses micro-fluidic analysis of single cells obtained from the patient to diagnose and stage endometriosis.
The San Antonio-based start-up hopes MetriDx will bring unprecedented diagnostic capability to physicians, lower liability risk within hospitals, eliminate unnecessary surgical procedures, and reduce the considerable time patients suffer before receiving a diagnosis, while maintaining tissue collection and a direct pathology diagnosis.
Investors in the US$1.9m-round included primarily female supporters from individual sources and investment firms Coyote Ventures, Stella Angels, Althea Group Ventures, and the Kendra Scott Women’s Entrepreneurial Leadership Institute (KS WELI)
Hera intends to start a Series A raise of US$15m in late 2022 to support the commercial launch of its product in 2024.
“Our seed round was oversubscribed by nearly 100 per cent from our original goal – which is an enthusiastic validation of our technology and the need for a solution for this pervasive and persistent, yet unsolved problem, in women’s health,” said founder and CEO, Somer Baburek, MBA.
Lesley Robinson, director of the KS WELI, said: “The Kendra Scott Women’s Entrepreneurial Leadership Institute at the University of Texas is thrilled to be part of Hera Biotech’s successful seed round through their wins at our Fall 2021 Female Founder Pitch Competition and Spring 2022 Dream to Venture events.
“We are dedicated to supporting empowered women with the entrepreneurial spirit that can change the world, and Hera’s mission shines an important light on women’s health.”
Endometriosis, a disease where tissue similar to the lining of the uterus grows outside the uterus, causing pain and infertility problems, affects roughly 190 million women of reproductive age globally.
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Non-hormonal menopause pill approved for NHS use

A new daily menopause pill approved for NHS use could bring relief to women with debilitating hot flushes and night sweats.
Around 500,000 women are expected to be eligible for the treatment, which experts say could help those unable to take hormone replacement therapy, or HRT.
The drug, fezolinetant, also known as Veoza, is a daily non-hormonal tablet designed to target the brain signals that trigger some of the most disruptive menopause symptoms.
In final draft guidance published today, the National Institute for Health and Care Excellence recommended the 45mg tablet for women experiencing moderate to severe hot flushes and night sweats.
More than two million women in the UK are thought to suffer these symptoms during menopause, often beginning during the earlier stage known as perimenopause.
For many, the effects are severe, disrupting sleep, affecting concentration and straining relationships. In some cases women are even forced to cut back on work.
An estimated 60,000 women in the UK are currently out of work or on long-term sick leave due to severe menopause symptoms, costing the economy roughly £1.5bn a year.
Research also suggests one in 10 women has left the workforce entirely because of a lack of support.
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