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LifeBank finalises seed funding from EchoVC

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LifeBank™ has closed its seed round led by EchoVC Pan-Africa Fund. Also participating in the round was CcHub Growth Capital and an undisclosed healthcare angel investor.

LifeBank™ is a last mile medical supply chain company which leverages technology to discover, organize and deliver essential medical products to hospitals and in the process, acquires actionable data.

The company is initially focused on optimizing blood supplies given the size, fragmentation and severity of the need.

Targeted use of funding proceeds will be to extend its supply chain to include oxygen, vaccines, blood components and rare drugs as well as expand its coverage across Nigeria, particularly to Northern Nigeria, where reaching the last mile remains a very pressing issue.

Launched in 2016, LifeBank™ currently has over 41 authenticated blood banks on its online platform and has delivered to 167 hospitals. LifeBank’s™ optimized supply chain has helped save over 1,000 lives so far.

Its smart logistics system includes specially designed cold chain boxes that retains temperature for up to 30 hours, color-coded temperature strips for additional quality assurance and Bluetooth-enabled locks to guarantee security.

LifeBank’s™ goal is to continue to breakdown the challenges of medical supply logistics with technology-driven approaches.

It is working on a host of supply chain-focused solutions such as employing AI techniques to predict blood needs at the hospital level and utilizing blockchain technology to store authenticated non-alterable product information. The company also plans to use drones to serve hard-to reach rural clinics.

The company was founded by Temie Giwa-Tubosun, who previously worked in the public health sector with institutions like WHO, UNDP, DFID, Fairview Health Systems and with the Lagos State Government managing health facilities.

Temie was listed as one of the ‘100 Women Changing the World’ by the BBC in 2014, and as an African Innovator by the World Economic Forum in 2017. The company’s efforts have also been recently recognized by Merck & Co., Inc. (NYSE:MRK), which made LifeBank™ the first African company to be invited into the Merck Global Accelerator Program.

In Africa, with only 1% of the population donating blood, the supply falls well short of the need. In Nigeria, for instance, the annual equivalent of 1.8 million units is required, however less than one-third of that is collected annually.

It is estimated that at least 10,000 women in Nigeria die every year from pregnancy-related hemorrhages due to blood shortages.

In private hospitals, valuable time is spent calling local blood banks to source blood which process also includes seeking accurate blood type information and actual quantities required. Depending on the blood type and quantity required, sourcing and delivering blood to the desperate patient can take between 3 hours and 2-3 days.

LifeBank™ has cut the process to under 55 minutes (with a target of 30 minutes) and blood is delivered to hospitals at more competitive prices.

The company has never left any whole blood order unfulfilled. Given the shortage of blood, predominantly filled by involuntary donors – 5% from voluntary donors, 30% family replacements and 60% for commercial donors – LifeBank™ is tackling this issue by fostering a blood donation culture through public awareness campaigns and offering a blood donor smartphone application to help lift voluntary donations from 5% to 100% and thus guarantee safe and consistent blood supply.

With the LifeBank™ blood donor application, donors can easily book appointments, donate blood and earn reward points at various government operated blood banks across Lagos.

“LifeBank™ is on a mission to build a big business that saves lives. Busy hospitals across the developing world often struggle to access essential medical products that they need to deliver great world-class care. When this happens, people die, especially vulnerable people”, said Temie Giwa-Tubosun, CEO and founder.

“LifeBank™ collates real-time inventory information, deploys the information to hospital clients using both high and low tech, and moves products in the right condition and on time. Our big audacious goal is to build the best healthcare supply chain that can promptly deliver essential medical products to every last mile point in the developing world.”

“Solving local healthcare problems at scale is a very important focus for our firm and we are very excited to invest in a company that is providing innovative healthcare-related solutions to life-threatening problems not just in Nigeria but across Africa,” said Uche

Ogboi of EchoVC Partners, said, “We are thrilled to welcome another elite female founder to our portfolio and look forward to working with closely with Temie and the LifeBank™ team to drive and deliver high-impact solutions in our healthcare ecosystems.”

With this investment, Uche Ogboi from EchoVC Partners has joined LifeBank’s Board of Directors.

GrassRoots.ng is on a critical mission; to objectively and honestly represent the voice of ‘grassrooters’ in International, Federal, State and Local Government fora; heralding the achievements of political and other leaders and investors alike, without discrimination. This daily, digital news publication platform serves as the leading source of up-to-date information on how people and events reflect on the global community. The pragmatic articles reflect on the life of the community people, covering news/current affairs, business, technology, culture and fashion, entertainment, sports, State, National and International issues that directly impact the locals.

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FP2030 Report Links Family Planning & Gender Equality

…The 2023 data report reveals that more women and girls than ever have access to family planning

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FP2030 Report
Source - internet: mother and child having a moment

FP2030 has launched its 2023 measurement report, Meeting the Moment: Family Planning and Gender Equality.

FP2030 Report
Dr. Martin Migombano-FP2030

The 2023 report shows significant achievements in family planning across the globe, even in the face of stagnant funding.

Speaking during the launch of the 2023 annual measurement report in Washington DC, Dr. Samukeliso Dube, FP2030 executive director, said:

“In this report, you will hear more success stories: more people than ever before are using voluntary, rights-based contraception. You will also learn more about the opportunities ahead.”

The links between family planning and gender equality are the central theme of this year’s measurement report.

The data set covers 85 countries, including for the first time Botswana and Namibia, two middle-income countries that have now made commitments to FP2030, and Jordan, which has moved into the lower-middle income category.

The report showed that in the 85 countries reviewed there are over 1 billion women of reproductive age; an estimated 377 million of those women are using a modern method of contraception, 92 million more than were using a method in 2012. 

“This year’s report comes at a critical time in our movement. We are at the intersection of several crises: globally, 800 women are dying every day in childbirth. 218 million women in the global south countries have an unmet need for modern contraception – meaning they want to avoid a pregnancy but are not using a modern method,” added Dr. Dube.

The movement for rights-based family planning is an integral part of the global push for gender equality.

Gender is at the root of every person’s ability to make and carry out decisions about sex, contraception, and sexual and reproductive health.

As the global push for gender equality gains strength, FP2030 affirms the central importance of rights-based, gender-transformative family planning. 

Dr Sheila Macharia -FP2030 Report
Dr Sheila Macharia

The report is the first to fully reflect the impact of FP2030’s move to decentralize from one secretariat in Washington DC, to five regional hubs in Nairobi, Kenya; Abuja, Nigeria; Kuala Lumpur, Malaysia; and Panama City, Panama; to ensure that the partnership is driven by regional priorities.

The report contains demographic updates from each region, as well as a special focus on postpartum family planning, a topic chosen by the Regional Hubs, as a high impact practice with demonstrated ability to improve maternal and newborn health outcomes and increase uptake of contraception.

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Cybercriminals Successfully Encrypted Data in Ransomware Attacks on Nearly 75% of Healthcare Organizations, Sophos Survey

Only 24% of Healthcare Organizations Were Able to Disrupt a Ransomware Attack Before Attackers Encrypted Their Data. This is the Lowest Rate of Disruption in 3 Years, reports SANDRA ANI

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Chester Wisniewski, director, field CTO, Sophos
Chester Wisniewski, director, field CTO, Sophos

Sophos, a global leader in innovating and delivering cybersecurity as a service, today shared its sector survey report, “The State of Ransomware in Healthcare 2023,” which revealed that, among those organizations surveyed, cybercriminals successfully encrypted data in nearly 75% of ransomware attacks.

 This is the highest rate of encryption in the past three years and a significant increase from the 61% of healthcare organizations that reported having their data encrypted last year.

In addition, only 24% of healthcare organizations were able to disrupt a ransomware attack before the attackers encrypted their data—down from 34% in 2022; this is the lowest rate of disruption reported by the sector over the past three years.

“To me, the percentage of organizations that successfully stop an attack before encryption is a strong indicator of security maturity. For the healthcare sector, however, this number is quite low—only 24%. What’s more, this number is declining, which suggests the sector is actively losing ground against cyberattackers and is increasingly unable to detect and stop an attack in progress.

“Part of the problem is that ransomware attacks continue to grow in sophistication, and the attackers are speeding up their attack timelines. In the latest Active Adversary Report for Tech Leaders, we found that the median time from the start of a ransomware attack to detection was only five days. We also found that 90% of ransomware attacks took place after regular business hours. The ransomware threat has simply become too complex for most companies to go at it alone. All organizations, especially those in healthcare, need to modernize their defensive approach to cybercrime, moving from being solely preventative to actively monitoring and investigating alerts 24/7 and securing outside help in the form of services like managed detection and response (MDR),” said Chester Wisniewski, director, field CTO, Sophos.

Healthcare Organizations Were Able to Disrupt a Ransomware Attack
Sophos report

Additional key findings from the report include:

  • In 37% of ransomware attacks where data was successfully encrypted, data was also stolen, suggesting a rise in the “double dip” method
  • Healthcare organizations are now taking longer to recover, with 47% recovering in a week, compared to 54% last year
  • The overall number of ransomware attacks against healthcare organizations surveyed declined from 66% in 2022 to 60% this year
  • Compromised credentials were the number one root cause of ransomware attacks against healthcare organizations, followed by exploits
  • The number of healthcare organizations surveyed that paid ransom payments declined from 61% last year to 42% this year. This is lower than the cross-sector average of 46%

“In 2016, the Red Cross Hospital of Córdoba in Spain suffered a ransomware attack that reached servers and encrypted hundreds of files, medical records and other important patient information. It was a major disruption to our operations and interfered with our ability to care for our patients. The stakes are high in ransomware attacks against healthcare organizations—and attackers know that—meaning we’ll always be a target. After this ransomware attack, we worked hard with Tekpyme to bolster our defenses, and now we have reduced our incident response time by 80%. I think the industry as a whole is making improvements, but there is still work to do, because of the constantly changing nature of cybercrime. Hopefully healthcare organizations can leverage the help that is available from security vendors such as Sophos to prevent a very real ‘threat to life’ if systems go offline due to a ransomware attack,” said José Antonio Alcaraz Pérez, head of information systems and communications at Cruz Red Andalusia in Spain.

“Cyberspace today is ripe with technically sophisticated actors looking for vulnerabilities to exploit. What all this translates to is a multidimensional cyberthreat of actors who have the tools to paralyze entire hospitals. Partnering with the private sector is critical to our mission. The information [they] share has real-world impacts and can save real businesses and real lives,” said Christopher Wray, FBI Director.

Sophos recommends the following best practices to help defend against ransomware and other cyberattacks:

  • Strengthen defensive shields with:
    • Security tools that defend against the most common attack vectors, including endpoint protection with strong anti-ransomware and anti-exploit capabilities
    • Adaptive technologies that respond automatically to attacks, disrupting adversaries and buying defenders time to respond
  • Optimize attack preparation, including regularly backing up, practicing recovering data from backups and maintaining an up-to-date incident response plan
  • Maintain security hygiene, including timely patching and regularly reviewing security tool configurations

To learn more about the State of Ransomware in Healthcare 2023, download the full report from Sophos.com.

*The State of Ransomware 2023 survey polled 3,000 IT/cybersecurity leaders in organizations with between 100 and 5,000 employees, including 233 from the healthcare sector, across 14 countries in the Americas, EMEA and Asia Pacific.

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LUTH Doctor Slumps And Dies After 72hrs Call In The Neurosurgery Unit

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Outrage As LUTH Doctor Dies After 72-hour Non-stop Shift

Tweeps have taken to X to share their thoughts on the death of a young doctor, identified as Dr. Umoh Michael, who died on Sunday after allegedly working 72 hours straight.

According to reports, Michael died during a church service at the United Evangelical Church on September 17. He was said to have worked a 72-hour non-stop shift at the Lagos University Teaching Hospital, Idi-Araba, where he was a resident doctor.

Doctors under the aegis of the Association of Resident Doctors, LUTH chapter, in a letter addressed to the Chief Medical Director, LUTH, Prof. Wasiu Lanre Adeyemo, attested to the fact that the young doctor was overworked.

They claimed Michael returned home at about 3:00 a.m. Sunday after a 72-hour shift in the hospital, adding that he had barely slept in their apartment before that day.

The statement partly read, “We the house officers are in deep grief over the loss of our colleague, a co-house officer (Dr Umoh Michael) who died on 17th September, 2023, after having a 72hrs call in the Neurosurgery Unit.

“He is said to have been on call 72hrs before arriving home on Sunday morning to get set for church service, reaching his worship center (United Evangelical Church) where he slumped in the church at about 11 am.”

“His roommate attested to the fact that Umoh Michael had barely slept in their apartment over the past one week as he was always on call or the day he returned home was around 3 a.m. after surgeries and other activities in the Neurosurgery Unit.”

Reacting to the sad incident, LUTH’s Public Relations Officer, Omolola Fakeye, who spoke on an online platform (not PUNCH) Online said, “It is not true that anybody worked for 72 hours. I have not been briefed about his death.

“We were at a programme yesterday (Monday), but I will find out; I can’t say anything now. I will check the medical report of what could have happened because anybody can say anything, but the medical report will show us what happened.”

May his soul rest in peace.

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