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Digital Health MedTech

Europe MedTech & Digital Health Weekly Brief #1

(Week of Aug 2–8, 2025)

August might be peak out-of-office, but Europe’s medtech builders didn’t pack it in. Cardiology AI is scaling, workflow AI is cutting admin drag, and evidence-backed devices are crossing borders.

People

    Marta Gaia Zanchi, Founding Partner at Nina Capital, Source: Nina Capital

    Investor POV:
    Marta Gaia Zanchi, Founding Partner at Nina Capital, speaking on healthtech hype vs. reality—data moats, regulatory timing, and evidence as currency shaping founder and LP conversations.

    Money flows

      Ross Upton, Ultromics Founder and CEO. Source: Ultromics.com

      Ultromics raised  $55M for AI cardiology diagnostics — Oxford-based echocardiography AI scaling decision support for earlier detection and heart failure insights across NHS/EU care.
      Listen to this interview with Ultromics Founder and CEO Ross Upton.

      SNIPR Biome logo. Source: SNIPRBiome website.

      SNIPR Biome gets €35M injection to advance CRISPR therapies for antimicrobial resistance. In this round there are new backers such as the Cystic Fibrosis Foundation and the German Federal Agency for Breakthrough Innovation (SPRIN-D)


      On the press

        One thing to remember

        In 2025 Europe, the fastest route from “cool demo” to “signed contract” is evidence-backed AI or devices that save clinician time and improve outcomes.

        Founders: design for clinical workflows, not just pilots; document outcomes and time-saved like it’s your superpower; pair dilutive with non-dilutive where it speeds trials and procurement.

        Investors: back teams converting regulatory readiness and real-world evidence into purchase orders—and keep an eye on AI companions where engagement meets adherence. Europe’s healthtech summer is quiet but compounding.

        This content has been enhanced with GenAI tools.

        Categories
        Digital Health MedTech

        Why SaMD Launches Fail in Europe

        Common Pitfalls

        1. Vague intended use leading to misclassification
        2. No QMS or weak cybersecurity
        3. Poor clinical evidence strategy
        4. Failure to engage clinicians or users

        Fixes:

        • Start regulatory early
        • Build real clinical value
        • Design with adoption in mind

        Learn more at Scaling MedTech: From Product to Market

        This post is part of SaMD Europe Launch Guide.

        This content has been enhanced by GenAI tools.

        Categories
        Digital Health MedTech

        Investment Trends in European Digital Health

        Where Capital Flows

        Investors favor:

        • AI-powered platforms
        • Value-based care tools
        • Female health (menopause, hormones)

        Valuation Benchmarks:

        • 4–6x revenue for most healthtech
        • 6–8x for AI/diagnostics
        • 10–14x EV/EBITDA for EBITDA-positive firms

        Learn more at Scaling MedTech: From Product to Market

        This post is part of SaMD Europe Launch Guide.

        This content has been enhanced by GenAI tools.

        Categories
        Digital Health MedTech

        Post-Market Surveillance for SaMD

        Staying Compliant Post-Launch

        Post-market surveillance (PMS) is required for all devices.

        Requirements:

        • Plan for data collection
        • Trend analysis and signal detection
        • Regular updates to clinical files
        • Vigilance reporting (e.g. EUDAMED)

        For Class IIa+, submit PSUR every 1–2 years.

        This post is part of SaMD Europe Launch Guide.

        This content has been enhanced by GenAI tools.

        Categories
        Digital Health MedTech

        SaMD Market Access & Reimbursement in Europe

        CE Mark ≠ Reimbursement

        Each EU country has its own reimbursement process.

        Highlights:

        – Germany (DiGA): Fast track, 12-month provisional access

        – France: Multiple programs (ETAPES, PECAN)

        – UK: NICE approval + local commissioning (ICBs)

        Evidence needs differ, it can be Randomized Controlled Trials (RCTs) or real-world evidence depending on system.

        Learn more on Scaling MedTech: From Product to Market

        This post is part of SaMD Europe Launch Guide.

        This content has been enhanced by GenAI tools.

        Categories
        Digital Health MedTech

        Clinical Evidence for SaMD in the EU

        MDR Requirements

        SaMD must show:

        • Clinical association (medical logic)
        • Analytical validity (correct processing)
        • Clinical validation (real-world benefit)

        Documentation:

        1. Clinical Evaluation Plan (CEP) = how you’ll gather evidence
        2. Clinical Evaluation Report (CER) = full evaluation
        3. Post-Market Clinical Follow-up (PMCF) = follow-up after launch

        Use real-world evidence, literature, or clinical studies.

        This post is part of SaMD Europe Launch Guide.

        This content has been enhanced by GenAI tools.

        Categories
        Digital Health MedTech

        The CE Marking Process for SaMD

        Get CE Mark

        Most SaMD is Class IIa or higher—requiring Notified Body involvement.

        Key Steps:

        1. Prepare tech documentation (Annex II, III)
        2. Implement QMS (ISO 13485)
        3. Create clinical evaluation plan (CEP) and report (CER)
        4. Work with a Notified Body

        Class-specific routes:

        • Class I: self-certify
        • Class IIa-III: Notified Body review + ongoing surveillance

        This post is part of SaMD Europe Launch Guide.

        This content has been enhanced by GenAI tools.

        Categories
        Digital Health MedTech

        SaMD Cybersecurity and GDPR

        Security = Safety

        Under EU MDR, cybersecurity is a General Safety and Performance Requirement. Failure to secure software is a patient safety risk.

        Technical Steps:

        • Secure architecture and testing (MDCG 2019-16)
        • Access control, encryption, logging
        • Vulnerability management and patches

        GDPR Considerations:

        • Health data = special category
        • Explicit consent and purpose limitation
        • DPIA (Data Protection Impact Assessment) required if high-risk AI involved

        This post is part of SaMD Europe Launch Guide.

        This content has been enhanced by GenAI tools.

        Categories
        Digital Health MedTech

        Building a Compliant QMS for SaMD

        To enter the EU market, your SaMD must be developed under a Quality Management System (QMS) that complies with ISO 13485.

        What You Need

        • ISO 13485: General quality framework
        • ISO 14971: Risk management integration
        • IEC 62304: Software development lifecycle

        Best Practices

        • Build your QMS, don’t buy a generic one
        • Ensure continuous documentation and audits
        • Tie QMS to real clinical risk management

        Cybersecurity Integration

        Use MDCG 2019-16 as a guideline for secure development. Cybersecurity is considered a safety issue under EU MDR, it is not just IT hygiene.

        Learn More:

        This post is part of SaMD Europe Launch Guide.

        This content has been enhanced by GenAI tools.

        Categories
        Digital Health MedTech

        Rule 11 Explained: Classifying SaMD in the EU

        EU MDR’s Annex VIII, Rule 11 determines how software is classified:

        • Class IIa: Most diagnostic and therapeutic decision-support tools
        • Class IIb: Tools whose incorrect use may lead to serious harm
        • Class III: Life-critical functions (e.g., software controlling pacemakers)

        What Determines the Class?

        • The intended use and severity of the condition it addresses
        • Whether the software makes decisions or just informs them
        • If a human-in-the-loop can reliably override the software

        Example:

        • Software interpreting chest X-rays → Class IIa or IIb
        • Sepsis detection app triggering alerts → Class IIb or III

        References:

        This post is part of SaMD Europe Launch Guide.

        This content has been enhanced by GenAI tools.