Gold99 | Philippine Collaboration: RiteMED Teams Up with Heal Venture Lab to Empower Emerging Innovators in Healthcare Access

In line with the Philippine government's drive to enact the Universal Health Care (UHC) Law, ensuring access to quality healthcare for all citizens, leveraging modern technology becomes crucial. RiteMED Philippines, Inc. (RiteMED), in collaboration with Heal Venture Lab (HVL), a Singapore-based venture dedicated to fostering capital and medical innovation across the Asia Pacific region, with a focus on social impact, supports the UHC's mission for a healthier nation. | Gold99

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Gold99 | With RiteMED’s stature as the foremost unbranded generic enterprise in the Philippines, and HVL’s proficiency in elevating health technology across pivotal domains like market penetration, product innovation, logistics, and investor relations, the synergy between these entities promises to revolutionize access to affordable, high-quality healthcare for numerous Filipino locales.

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Gold99 | Empowering Filipino Innovation

Unlocking the potential of Filipino ingenuity is key to realizing the vision of Universal Health Care (UHC). Encouraging young entrepreneurs and students to pioneer transformative solutions for local healthcare challenges is paramount. Focusing on the burgeoning STEM sector can spur the development of affordable diagnostic tools and cutting-edge treatments.

With a network spanning established healthcare giants, challengers, and disruptors across Asia, HVL envisions a comprehensive ecosystem to enhance healthcare accessibility and affordability. Dr. Jaemin Park, HVL’s Managing Partner, highlights their “hub-and-spoke” model, which facilitates support for both local and international innovators to introduce their products and expertise into the country.

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Fostering Collaboration: Connecting STEM Students and Entrepreneurs with Health Tech Partners

Exploring innovative avenues for collaboration, HVL and RiteMED are orchestrating a series of events aimed at bridging STEM students and budding entrepreneurs with potential stakeholders in health technology development. These initiatives seek to foster synergies with national and local government agencies, propelling forward the momentum for transformative solutions in healthcare.

The Imperative of Technological Advancement in Healthcare

Dr. Park underscores the growing significance of technology in healthcare, particularly highlighted during the Covid-19 pandemic. The crisis exposed gaps in hospital infrastructure, spurring a swift pivot towards telehealth adoption. Emphasizing the need for ongoing evolution, he envisions technology as a pivotal enabler in making healthcare more accessible and relevant to broader segments of the population.