Myant accelerates precision medicine with Bitnobi acquisition

Myant, a leader in advanced materials and connected health solutions, has acquired Toronto-based Bitnobi Inc., a software innovator specializing in privacy-oriented data exchange. This acquisition aligns with Myant’s strategy to enhance safe data sharing capabilities, which is crucial for personalized healthcare. Bitnobi’s technology allows secure collaboration between data owners and consumers without compromising raw data integrity, pivotal to modern healthcare structures. This acquisition marks Myant's fourth strategic acquisition in six months, propelling them closer to their mission of enabling longer youthful living through proactive, personalized health solutions. The acquisition solidifies Myant’s platform by integrating Bitnobi’s patented framework, which contributes to creating a 'digital twin' of individuals, augmenting the personalization of healthcare through insights derived from intelligent material solutions. Myant’s CEO, Tony Chahine, underscores the company's ambition to connect the human system with advanced materials and AI, offering proactive care that surpasses traditional reactive methods. This merger furthers Myant’s ability to responsibly share and utilize healthcare data, adhering to governance protocols while opening avenues for collaboration across Canada and globally to foster healthcare innovation. Bitnobi has supported several pivotal initiatives such as Canada’s Digital Health and Discovery Platform, bolstering precision medicine in cancer and other diseases. Through Myant’s infrastructure, Bitnobi’s proficiency in big data, cloud computing, and cybersecurity will enhance Myant’s prowess in textile computing and smart materials. Hassan Jaferi, CEO of Bitnobi, emphasized the synergy between both company missions and their shared prospect of advancing connected health developments in Canada. This acquisition underlines Myant’s dedication to next-generation healthcare solutions prioritizing personalization, precision, and proactive prevention, all reinforcing a healthier, longer, and more autonomous living for individuals.