THE WHAT? Dr Kimon Angelides has announced the launch of a new venture, FemTec Health, which is described as a women’s health sciences and beauty company using technology and data to transform the health care experience for women.
THE DETAILS The company boasts some 10 million members already thanks to acquisitions of the likes of Birchbox, Liquid Grids and Mira Beauty. Terms of the deals were not disclosed.
Birchbox will be relaunched later this year with a new focus on curated personalized skin and health care products using the patent-pending BiomeAI platform, which uses AI and deep machine learning to translate consumer genetic, microbiome and biometric data into the delivery of holistic healthcare, personalized for each user.
“I have always believed in the power of women as a community, and I believe this is a natural step in the evolution of Birchbox,” said Katia Beauchamp, Founder of Birchbox. “Eleven years ago, we were compelled by an ability to build deep customer relationships month after month. FemTec’s vision for the future of women’s healthcare was inspirational to me and I could see the opportunity for the thousands of women in the Birchbox community to extend beyond consumer beauty products to a more holistic health and wellness offering.”
The leadership team is said to have a ‘deep bench’ of women including Johnson & Johnson veteran Dr Kimberly Capone as Chief Scientific Officer and former Cigna employee Dr Laura Clapper as Chief Operating Officer.
The company has raised some US$38 million to date with Unilever Ventures, Shiseido, Viking Global and Trinity Capital among its named investors.
THE WHY? Dr Angelides, Executive Chairman and Interim CEO, explains, “Our first acquisitions within women’s health and beauty are key to our mission to revolutionize the women’s healthcare and beauty industry. Women deserve a comprehensive, all-encompassing model designed specifically for them. The starting point is to really understand a woman’s healthcare needs and then apply smart technology like AI and predictive analytics to translate the data into actionable outcomes.”
Aesthetic medicine products are developed and regulated to meet stringent safety and efficacy standards. They are typically administered by trained healthcare professionals such as dermatologists, plastic surgeons, and specialized nurses in clinical settings. These products aim to provide effective solutions for cosmetic enhancement, skin rejuvenation, and overall aesthetic improvement, contributing to both physical appearance and self-confidence.
Key categories of aesthetic medicine products include:
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Injectables: This category includes products such as dermal fillers, botulinum toxins (e.g., Botox), and collagen stimulators. These injectables are used to smooth wrinkles, add volume, and improve facial contours.
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Skin Rejuvenation Treatments: Products like chemical peels, microdermabrasion systems, and laser devices are used to improve skin texture, reduce pigmentation irregularities, and enhance overall skin tone.
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Skincare Products: These include medical-grade cleansers, moisturizers, serums, and topical treatments containing active ingredients like retinoids, antioxidants, and growth factors. They are formulated to address specific skin concerns such as acne, aging, and hyperpigmentation.
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Hair Restoration Products: Medical treatments and products designed to promote hair growth and treat conditions such as male and female pattern baldness.
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Body Contouring and Fat Reduction: Devices and products used for non-surgical body sculpting, such as cryolipolysis (cool sculpting) devices and injectable lipolytics.
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Cosmeceuticals: High-performance skincare products that bridge the gap between cosmetics and pharmaceuticals, often containing potent ingredients with proven clinical benefits.
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Wound Care and Scar Management: Products like silicone sheets, gels, and advanced wound dressings used to improve healing and reduce the appearance of scars.
