Certainly massive momentum, the NSW Government recently committed a record $2.1B for mental health. $100 million per annum over four years is being put directly towards early intervention. I see Medibio filling a huge market with their monitoring and diagnosis services.
http://www.health.nsw.gov.au/news/Pages/20180619_02.aspx
Also I came across this tweet by Rock Health, huge amounts of funding going into the wellness and behavioural health space.
Quartet is a standout in this table which has received significant investment to date over $90M US in total. They provide a Telehealth like platform for mental health patients and clinicians to connect with eachother.
This only further proves how cheap MEB are in comparison to peers with an inferior value proposition. MEB have an opportunity here to provide a regulated platform no other company is even close to replicating.
Phelps in the news about Medibio, page-14
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