MeMed

Startup
FUNDED
Fast bacterial/viral diagnostic
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PREVIOUS ROUNDS
$6,428,349
invested through OurCrowd in
2 previous rounds.
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WEBSITE
me-med.com
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Overview: MeMed

MeMed’s accurate diagnostic tools distinguish between bacterial and viral infections by translating the complex signals of the body’s immune system into diagnostic insights. The company’s MeMed Key platform aims to prevent the overuse of antibiotics, the leading contributor to anti-microbial resistance (AMR) and one of modern healthcare’s major challenges. The point-of-need platform applies machine learning (ML) and artificial intelligence (AI) algorithms that analyze within minutes and without having to send the samples to outside laboratories, whether it is a virus or bacteria that is making a person ill. Medical practitioners equipped with this knowledge, even when an infection site is inaccessible or unknown, become better informed to decide on key clinical treatment procedures, specifically whether to prescribe antibiotics. Responding to the coronavirus pandemic, the company created the MeMed Covid-19 Severity test to measure serum proteins for predicting the likelihood that a patient would experience severe Covid-19 outcomes and, thus assisting the doctor to determine whether a Covid patient required an escalation in the level of care. In July 2021, this test was cleared for use in Europe with the EU’s CE Mark. The company has offices in Israel, Europe, and the US and has received support from the US Department of Defense and the EU Commission. In 2021, its MeMed BV test on the MeMed Key platform was granted 510(k) clearance in the US from the FDA for children and adults.

The details here are based on information received from, and verified solely by, the company.
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MeMed Management Team

Dr. Eran Eden, PhD

Co-founder and CEO

Dr. Eden has been the CEO of MeMed since its inception in 2009, leading it from an idea to a rapidly growing company. He has 14 years of combined business and academic experience leading the development of cutting-edge multidisciplinary technologies that synergize molecular biology and informatics. Dr. Eden co-founded several highly funded international consortia (e.g., Tailored-Treatment, Respiratory-ImmunoDx, AutoPilotDx), the mission of which is to develop, clinically validate and commercialize novel technologies for diagnosing patients with infectious diseases and inflammatory disorders. He holds a B.Sc. in Computer Engineering, B.A. in Biology, and M.Sc. in Computer Science (all Cum Laude) from the Technion, Israel Institute of Technology, and a Ph.D. in Systems Biology from the Weizmann Institute of Science. Dr. Eden is co-author of over 20 patents and 17 peer-reviewed publications, and is the recipient of multiple awards including the prestigious GE and Science Prize for Promising Life Scientists.

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Dr. Kfir Oved, PhD

Co-founder, CTO & Chairman of Board of Directors

Kfir has over 15 years of combined industry and academic experience, leading interdisciplinary and multicultural teams combining Applied Immunology, Biochemistry, Engineering, Big Data, and Industrial Design, in multiple clinical applications. Kfir co-founded MeMed Dx and serves as its CTO and Chairman of the Board, where he led the development and clinical validation of the entire MeMed technology suite including the MeMed BV™ technology, and the MeMed Key™ Point of care platform, from an initial concept to development completion. He holds a B.A. in Biology (Summa Cum Laude), B.Sc. in Medicine (Magna Cum Laude), Ph.D. in Molecular Immunology, and 6 years training at the Technion-Institute of Technology School of Medicine. He is the co-author of 83 granted and pending patents, the author of 16 peer-reviewed publications, and the recipient of multiple research excellence awards, including the prestigious Gutwirth Excellence award and the Wolf Award for research students, and was listed as one of the top 25 voices in Precision Medicine for 2019.

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Idan Danenberg

COO

Idan has over 15 years of leadership experience in international operations and supply chain, lean manufacturing and service in the pharmaceutical and medical device industries. Prior to joining MeMed’s team, Idan led the global operations, supply chain and service as COO for Degania Medical, a world leader for disposable catheters, cardiovascular catheters and custom procedure trays, with 6 manufacturing plants and 3 logistics sites globally. Prior to that, Idan led the operations of the Israeli and Canadian sites as VP Operations for Taro Pharmaceuticals (NYSE: TARO), a multinational manufacturer of OTC and Rx oral solid dosage, semi-solid and liquid formulations. Idan holds a B.Sc. in Biotechnology and Food Engineering from the Technion – Israel Institute of Technology, and an MBA from Haifa University.

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Dr. Frederic Sweeney, PhD

Chief Business Development Officer

Fred has extensive experience in the healthcare industry with senior leadership roles leading strategy and corporate development in both small and large organizations. Prior to joining MeMed, Fred served a dual role of Entrepreneur-In-Residence for Versant Ventures, a global venture capital firm, and Chief Business Officer of Northern Biologics, a developer of first-in-class immuno-oncology products. Prior to this, Fred served as Vice President of Corporate Development and Head of Strategic Financing at bioMérieux, a world leader in in-vitro diagnostic, where he led all aspects of the company strategic investments and partnerships. Before joining bioMérieux, Fred was Head of Business Development and Strategy at T2 Biosystems. During his tenure with the company, T2 Biosystems grew from a small venture-backed startup to a revenue-stage, Nasdaq-listed company that received FDA approval for blood tests that identify sepsis-causing pathogens without the wait for blood culture. A graduate of the Molecular and Medical Genetics Department and Terry Fox Scholar at the University of Toronto, Fred completed a Ph.D. focused on DNA repair, signal transduction and structural biology. He is also an adjunct professor at the University of Toronto, where he teaches a graduate level course on entrepreneurship in life sciences.

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Dr. Moran Barak

VP of Medical Affairs

Moran has many years of combined experience as a clinician and in the global life sciences industry. She has led scientific strategy and clinical studies across therapeutic areas, medical and regulatory affairs, pharmacovigilance, quality assurance, and access programs, as Chief Scientific Officer of Novartis Israel and, most recently, Medical Director of Takeda Israel. She graduated Medical School from Tel-Aviv university and did her internship in “Meir” Hospital in Kfar-Saba. Besides her medical career, she was also Editor in Chief of the News Department on Israel’s TV Sports Channel, Co-founder of “Athena”, the professional branch of the public council for the promotion of women’s sports in Israel.

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Dr. Tanya Gottlieb, PhD

VP Scientific Affairs

Dr. Gottlieb has over 20 years of experience in academia and biotech, specializing in building international collaborations and securing non-dilutive financing. Before joining MeMed, Dr. Gottlieb was Director of Business Development at BiondVax Pharmaceuticals Ltd (NASDAQ: BVXV), an innovative developer of a universal influenza vaccine. Dr. Gottlieb holds a BA in Natural Sciences and PhD from Cambridge University, UK and an MBA from the Technion – Institute of Technology, Israel. Between completing her doctorate and entering biotech, Dr. Gottlieb was a postdoctoral fellow at the Weizmann Institute of Science, Israel and the Fred Hutchinson Cancer Research Center in Seattle, WA, USA. In 2004 Dr. Gottlieb founded Gottlieb Scientific Communications, a scientific writing and editing company, which she has run for the past 10 years. Dr. Gottlieb is co-author of over 20 peer reviewed publications and the recipient of multiple awards, including the Royal Society (UK)-Israel Academy Postdoctoral Fellowship.

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Mr. Patrick F. Terry

Board of Directors

Mr. Terry is a social entrepreneur who has co-founded a dozen life science organizations in the last 20 years and has been called the godfather of applied genomics and personalized medicine. The organizations co-founded by Mr. Terry include innovative philanthropic, research, and commercial organizations based on the life sciences, applied technology, and social-network theory. In 2000, he co-founded Genomic Health, Inc. (NASDAQ: GHDX), a pioneering personalized medicine company. Mr. Terry has been involved in shepherding multiple biotechnology products through commercial development to clinical delivery all over the world. He has received many honors and awards in the business and scientific communities internationally. He has dedicated his career to advancing a patient-centered perspective in research, product development, and translational medicine. He is active internationally with strategic management and financing of stratified medicine companies for numerous clinical indications and technologies.

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