Headlines in the Global Wellness Economy

Global Wellness News™ | September 12th, 2023

Big pharma’s blockbuster obesity drug battle is just getting started, and it’s headed for $100 billion

In their most recent earnings reports, Novo Nordisk and Eli Lilly proved why they are the undisputed heavyweights in the prizefight for control of the rapidly growing weight-loss medications market.
Read the article on CNBC >

Luxury Hotel Firm Aman Gets $360 Million From UAE Investors

Aman Group, which operates some of the world’s most expensive hotels, secured a $360 million investment from a group including a United Arab Emirates wealth fund and an investment firm backed by an influential member of that nation’s royal family.
Read the article on Bloomberg >

Reimagining masculinity

New cultural narratives are supplanting tired old tough guy tropes

Qatar to fund $4bn UK green research hub

LONDON: Qatar is set to announce a $4 billion investment in UK green energy development through the establishment of a research hub, the Sunday Times reported. The nonprofit Qatar Foundation is providing the funding, with Rolls-Royce supplying technical knowledge as part of the deal.

Digital mental health startup Kooth receives £3M from BGF to fuel US expansion

Kooth, a youth digital mental health and well-being startup, has received £10 million in an oversubscribed investment round. Of this, £3 million came from BGF, one of the largest and most experienced growth capital investors in the UK and Ireland, which backed TidalSense and Entia.
Read the article on Tech Funding News >

Miri Raises $1.2M in Pre-Seed Funding to Launch Its AI-Driven Health and Wellness Platform

San Francisco-based startup Miri has announced the closing of an oversubscribed pre-seed funding round, securing $1.2M. This financial milestone, led by Sassafras Investments, will help accelerate the development and public launch of Miri’s AI health and wellness platform.
Read the article on Femtech Insider>

Curated Global Wellness News is posted every Tuesday and Thursday on the Industry News section of the GWS website. Sign up to receive weekly industry news, trends and updates from the Global Wellness Summit. 

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