M2TEST Launches Crowdfunding for the New BES TEST Technology for Bone Fragility

The innovative SME M2TEST, which operates in the Trieste science park, has developed a technology to prevent bone fragility, which is more accurate and less invasive than the standard MOC method for densitometric diagnosis.

It is called BES TEST, it allows an in-depth examination to evaluate the elasticity of the bone structure and is already used by 16 early adopters, including the Maugeri Foundation, Verona Hospital, Studio Igea, and CRG and more than 12,000 patients

To consolidate its position on the Italian and European markets and land on the US market,M2TEST has relied on equity crowdfunding with an ongoing campaign on CrowdFundMe which has already exceeded the first economic target of 100,000 euros.

A more accurate and less invasive test

The technology is marketed to doctors and clinics as SAAS (software as a service) and allows them to complete diagnoses with less radiation exposure and prevent fragility and stress fractures, while simultaneously cutting healthcare costs.

The accuracy of the diagnosis through the BES TEST can reach 90% (compared to 50% for MOC) and can also identify subjects at risk who escape the classic densitometric diagnosis, providing a complete and correct analysis, both in the presence of primary (physiological) osteoporosis , or secondary or caused by very frequent pathologies (tumors, celiac disease, diabetes, kidney diseases etc.), or by the use of certain drugs (hormonal therapies, corticosteroids, some antacids).

Compared to traditional methods, the new BES test also and above all evaluates the internal structure of the bone and not just the density and this is one of its main strengths.

The objectives of M2TEST

M2TEST aims to become the new reference standard for fragility fractures and its technology also finds application in the sectors of sport, nephrology, oncology and space missions.

In particular, the company aims to reach fifty hospitals in Italy and one hundred private clinics by the end of 2024 and expects to reach a turnover of 2 million euros in 2025, with a positive Ebitda starting from next year.

The equity crowdfunding campaign on CrowdFundMe is aimed at the opening of a US office, expansion in Italy and Europe, new hires and technological investments.

“ Given that our company aims to improve the lives of people, of all people, it seemed logical to us to open up to everyone the possibility of investing and participating in our growth, of giving themselves a gift by purchasing a share, even a small one, of a revolutionary startup that can do the good of everyone,” declared the CEO and co-founder, Alessandra Nicolosi .

Who is M2TEST

M2TEST, whose headquarters are located in the Trieste Science Park, boasts a team with decades of experience in the bio-engineering sector, including Francesca Cosmi, Professor at the University of Trieste with study periods at Berkeley and NASA, and Alessandra Nicolosi , who has participated in numerous national and international accelerators (e.g. Skydeck-Berkeley).

To date, M2TEST has obtained three patents and refers to two highly promising markets: digital health, whose global value stood at $233.5 billion in 2022 and is estimated to reach $981.5 billion in 2032 and digital radiology: $4.4 billion by 2028.

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(Featured image by planet_fox via Pixabay)

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