Project: Diabetes Solutions Landscape, US Phase 2, Part 3

Part
01
of two
Part
01

Diabetes Solutions Landscape KPI - Virta

Virta Health is the "first clinically-proven treatment to safely and sustainably reverse type 2 diabetes without medications or surgery." The company has so far been successful, achieving $37 million in Series A and Seed funding and $45 million in Series B funding. I have organized and summarized my findings on Virta Health in the attached spreadsheet. I have provided key performance indicators, as per you request in row 12, columns T-AO.

There was no information regarding FDA approval, but since this treatment plan is more of a ketogenic diet that includes a mobile app and nutritional coaching, rather than a drug or medical device, FDA approval is not necessary. There was also no information publically available on registered users. However the company does claim that they hope to serve 100 million patients by 2025.

KEY PERFORMANCE INDICATORS

- 94% of insulin users reduced or eliminated insulin usage after one year.

- 60% of type 2 diabetes reverse their condition after one year.

- Patients saw an average of a 1.3% HbA1c reduction
after 1 year.

CONCLUSION
To wrap things, I have completed row 12, columns T-AO in the attached spreadsheet and have included information on market access, funding, uptake, user satisfaction and impact regarding the Virta Treatment.
Part
02
of two
Part
02

Diabetes Solutions Landscape KPI - Omada

Omada Health is a mobile app with "16-week online program" whose mission is to "inspire and enable people everywhere to live free of chronic disease." The company has so far been successful in achieving a total of $126.5 million in funding. As requested, I have organized and summarized key performance indicators of Omada Health in row 13, columns T-AO of the attached spreadsheet.
Regarding FDA approval, the source is older than two years. However, it states that FDA won't regulate 21 Health apps including Omada Health. Omada is a mobile app and does not produce any medical device. The Omada app is available in English language only. Rating calculation is based on total rating found on different websites.

KEY PERFORMANCE INDICATORS

- Omada Health has 15,000 participants globally.
- Omada Health raised the total of $50 Million on the latest 2017 funding Series C with lead investor Cigna.
- Including Omada, Medicare and Medicare Advantage plans will reimburse for Medicare-recognized diabetes prevention programs (DPPs) for all at-risk members.
- The average participant reduced Type 2 Diabetes by 30%, strokes by 16% and other heart diseases by 13% in a year.
- Similarly, they lose 4-5% of their body weight in a year.

CONCLUSION

As requested, I have included all information on market access, funding, uptake, user satisfaction and impact regarding the Omada Health on row 13, columns T-AO in the attached spreadsheet.

Sources
Sources