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Onalabs Opens a Subsidiary in Andorra to Grow in Digital Health

Onalabs, a biotechnological start-up specializing in digital devices for chronic patients, has created a subsidiary in Andorra. Through two pilot programs in the principality, the Ona Vital device will monitor vital signs in real-time, while the Ona Sport device will improve athlete performance and prevent injuries. With fifty potential clients, the company is expecting 10,000 device sales and €3 million in turnover in 2023.

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Onalabs, the biotechnological startup specializing in the development of digital devices for complex chronic patients hospitalized at home has taken another step in its growth and internationalization with the creation of a subsidiary in Andorra la Vella, which is called Onalabs-AD Digital Health.

Through the new subsidiary, and thanks to the support of Andorra Recerca I Innovació (ARI), Onalabs will immediately start two pilot programs in the principality, focused on the field of health and sports health.

The two pilot programs will start simultaneously and will take place during the first quarter of 2023. In the first pilot, which Onalabs is promoting with the Andorrà Health Care Service (Saas), the Hospital Nostra Senyora de Meritxell, and Dr. Efrem Gómez, head of the department of angiology and vascular surgery at this health center, the Ona Vital device will perform a real-time follow-up of the postoperative period of patients with vascular pathologies.

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Onalabs will immediately start two pilot programs in the principality

For the second pilot, Onalabs and the Andorran Sports Cluster have designed the pilot program aimed at the sports sector with the objective that athletes, clubs, federations, and the Ordino Sports Technification Center can use the different functionalities and applications of the Ona device Sport. The purpose is to obtain parameters that improve the performance of athletes and also prevent possible future injuries.

Ona Vital monitors vital signs such as heart rate, oxygen saturation, temperature, or physical activity of the patient in real-time. In wearable format, the device keeps its sensors in permanent contact with the person’s skin. The equipment is connected via Bluetooth to the user’s mobile phone or tablet, but also to the management systems of health centers, social health centers, and home care companies.

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The company already has fifty potential clients from the medical and sports fields, which place sales in 2023 of around 10,000 devices and a turnover equivalent to €3 million.

The company estimates that it will sell around 10,000 devices in 2023

Onalabs has so far achieved investments that exceed €1.5 million. The last round, of €250,000, was closed in July of last year with the Andorra Business Market, organized by Andorra Business. In addition, the company is preparing its next entry on the BME, on a date not yet defined, but not far away.

Onalabs was created in December 2016 by Elisabet del Valle and Xavier Muñoz, the company’s CEO and scientific consultant, respectively. The company, based in the Barcelona municipality of Cerdanyola and now a subsidiary in Andorra, develops non-invasive digital devices for the fields of health and sports.

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(Featured image by AlexFedini via Pixabay)

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Eva Wesley is an experienced journalist, market trader, and financial executive. Driven by excellence and a passion to connect with people, she takes pride in writing think pieces that help people decide what to do with their investments. A blockchain enthusiast, she also engages in cryptocurrency trading. Her latest travels have also opened her eyes to other exciting markets, such as aerospace, cannabis, healthcare, and telcos.