“If the Pharma industry doesn’t reinvent itself and its processes, it will become nothing but a supplier to Big Tech, which is rapidly moving into healthcare,” says Paul Simms, CEO and Founder of Eyeforpharma. Paul does believe Pharma companies are putting effort into adopting and helping develop DTx. But as DTx are in their early days of development and adoption, we will see a lot more failures before a universal system will be identified and put in place.
Wellthy is one of Asia's leading digital therapeutics companies that inspires and enables patients to prevent, reverse and control chronic diseases. It works with pharmaceutical, medical devices companies, payors and healthcare providers to improve health outcomes. With active therapeutic areas in diabetes and cardiology, it has published real-world evidence across 20 publications in leading peer-reviewed journals and global conferences.
Kaia Health is a digital therapeutics company offering a solution for mitigating musculoskeletal diseases such as chronic back pain. Kaia Health works by offering the user an AI-supported motion sensor guided exercises, which means that an individual not only tries to follow the video instructions but can get feedback if he is executing the positions correctly or not. The app is additionally supported by an actual coach the user can connect with.
Australian organization Hello Sunday Morning has been tackling alcohol abuse for over a decade, with a digital approach, that has by today been developed to the level of a soon to be a digital therapeutic (DTx). Since the beginning of the COVID-19 pandemic and lock-down across the world, Hello Sunday Morning has been noticing an increase in alcohol consumption.
Digital therapeutics (DTx) are clinically validated digital solutions with proven positive effects on disease management and outcomes. They must undergo a clinical trial to prove their efficacy, however, they are not regulated the same as new medications, says Jessica Schull, European Lead for the Digital Therapeutics Alliance (DTA), shaping advocacy and organizational engagement for the DTx industry in European countries.