LORAI Health

Developing patches that patients stick with

Personalise
Lorai Health banner cropped
Paper boat with CounterCurrent

At a glance

  • Optimization graph line icon
    Development stage

    Prototype developed

  • Cash payment coin 1 icon
    Investment stage

    Seed

  • Startup launch 1 icon
    Commercialisation pathway

    UNSW Founders startup

  • Gauge dashboard icon
    Technology readiness level

    TRL 4

  • Gender female icon
    Female led

    Yes

LORAI Health is developing a next-generation estrogen patch designed for better adhesion and skin tolerability.

Investment categories

Healthcare & med tech

  • LORAI Health is developing a bio-equivalent estrogen patch engineered for improved adhesion and skin tolerability, built to meet current manufacturing and regulatory standards. The Gen-1 patch is on track for market entry in 2029; the team is pursuing TGA approval in Australia as its beachhead market, ahead of planned expansion into New Zealand, Canada, the UK, the EU, and then the US. Revenue comes from prescription sales through established clinical networks.

  • For over five years, women prescribed estrogen patches for menopause hormone therapy have faced ongoing supply shortages due to a lack of global manufacturing capability. Prescribing clinicians report that patients cannot reliably access patches that adhere and are gentle on skin, disrupting a therapy that requires decades of uninterrupted, continuous use.

  • Specialist menopause clinics, women's health GPs, gynaecologists, and high-prescribing menopause clinicians in Australia, plus women actively seeking alternatives to current estradiol patches, pills and gels.

    • Closed AU$1.2M SAFE round; launching Series A
    • Product development in progress with a leading international partner; patch prototype due 2027
    • Supported by leading menopause clinical leaders
Why invest
The Nov 2025 FDA black box warning removal opened the MHT prescription floodgates. Combined with rising menopause awareness, this pushed patch demand beyond global supply capacity.

Discover more UNSW spinouts

Search our catalogue of active spinouts and tech for license.