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Dr. David Brown, who created one of the most popular remedies for erectile dysfunction, is one of the founders of Healx Startup, who plans to take action needed to eradicate seven thousand rare diseases that do not have approved treatment methods and adequate medications.
The initial funding is $ 10 million, and the lead investor is Balderton Capital, so the raised money will allow it to develop technology for the automatic detection of new drugs, since Healx contends that the Traditional new drug development by major pharmaceutical companies no longer works, since it takes an average of 10-15 years of research, about two million dollars per new drug, and the region has a 95% chance of getting it. failure.
One in 17 people in the world, or 7% of the total population, will be affected by a rare disease in one part of life, about 30 million people in Europe alone
Healx is considering to base its work on the experience gained During the creation of Viagra, originally designed as a cure for heart disease, in order to achieve a completely new function later, these experts point out that It has not been programmed only once in advance and that a drug intended for the treatment of a disease can be used a completely different situation.
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