TEAMFund Releases Annual Impact Report - 144MM Unique Patients, 203MM Patient Services Cumulatively and AOA Dx Awarded Global Health Innovation Award - Ninth Consecutive Female Founder Recipient
TEAMFund, a 501(c)(3) Public Charity and a For-Profit Impact Fund whose mission is to enhance patient access to medical technology in low-resource settings, announced at The AdvaMed MedTech Conference, the release of this year's Annual Impact Report. TEAMFund's seven portfolio companies (Jana Care, Forus Health, Tricog Health, MediBuddy, EchoNous, Vezeeta, Qure.ai), performed 49MM patient services and contributed to the needs of 37MM unique patients over the past year.
During a presentation in Boston, Tim Ring, former C. R. Bard CEO and TEAMFund Co-Founder, said "We are proud that our companies, in aggregate, are now reaching 37MM unique patients per year, a 30% increase over last year. Impact investors today are asking for 'performance + impact,' and that was precisely the premise on which TEAMFund was founded. With Fund I now returning capital to our Limited Partners, we are seeing that health impact and investment performance can reinforce one another. These impact numbers are all about the hard work and innovation of our seven companies and their employees."
Also at the MedTech Conference, TEAMFund awarded its Global Health Innovation Award to AOA Dx, which is pioneering the use of lipidomics to detect early-stage cancers through a non-invasive blood test, starting with ovarian cancer. Ovarian cancer disproportionately impacts women in low- and middle-income countries, where limited screening infrastructure, imaging, and specialist expertise mean most cases are diagnosed at advanced stages. Simple, affordable, blood-based tests can help frontline health workers screen at-risk or symptomatic women and prioritize referrals, improving early detection and outcomes without costly infrastructure. This is TEAMFund's ninth award to a female founder/CEO.
A few highlights from the Annual Impact Report:
*CUMULATIVELY 203MM PATIENT SERVICES AND 144MM UNIQUE PATIENTS SERVED,
*67% OF PATIENTS WERE SERVED IN INDIA OR AFRICA, and
*25,825 NEW PROVIDERS TRAINED LAST YEAR.
A complete copy of the Report can be found on TEAMFund's website www.teamfundhealth.org.
ABOUT AOA DX
AOA Dx, led by CEO and Co-Founder Oriana Papin-Zoghbi, is transforming early cancer detection with a proprietary multi-omics liquid biopsy platform that integrates lipid, metabolite, and protein biomarkers with machine learning. The company's lead test, AKRIVIS GD™, is an investigational blood test designed to detect ovarian cancer early in symptomatic women, addressing a critical diagnostic gap in one of the deadliest cancers affecting women. AOA Dx is the ninth winner of TEAMFund's Annual Global Health Innovation Award and the ninth consecutive female founder. www.aoadx.com
ABOUT TEAMFUND
TEAMFund (Transforming Equity and Access in MedTech), is an organization that combines a Non-Profit with an impact fund Limited Partnership, both having a shared aim to expand access to affordable, appropriate, and sustainable medical technologies that address unmet health needs in low-resource, underserved settings across the globe. TEAMFund is co-founded and co-chaired by Timothy Ring, former Chairman and CEO of C.R. Bard, and Kathryn Gleason, former senior partner at Morgan Lewis. TEAMFund counts among its supporters over 20 major MedTech and healthcare companies worldwide. www.teamfundhealth.org
Contact: Yousuf Mazhar, Managing Partner
[email protected]
352-226-7527
SOURCE TEAMFund