Good morning, Cincinnati. In a stark reminder that even the most promising startups can face unexpected headwinds, women's health pioneer HerMD is closing its doors after serving 25,000 patients since 2015. The shutdown of this Cincinnati-based innovator, despite its impressive $36M in funding, leaves a significant gap in specialized menopause and sexual healthcare across multiple states.
But while one door closes, breakthrough solutions emerge elsewhere in the Queen City. UC researchers have cracked the code on destroying toxic algae in drinking water, combining chlorine with UV light in a discovery that could prevent future water crises nationwide. And speaking of closures making waves, Joann's nationwide shutdown is threading together an unexpected retail story, with seven local stores set to shutter by May's end – marking the final chapter for the 80-year-old fabric retailer.
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0%☕️ What's Brewing Locally
💊 Women's health startup HerMD closes doors despite $36M in funding. The Cincinnati-based company, which served 25,000 patients across multiple states since 2015, announced it will cease operations on March 21. Founded by Dr. Somi Javaid, HerMD specialized in menopause and women's sexual health care, with locations in Cincinnati, Indianapolis, Nashville, and New Jersey. The company cited "ongoing challenges in healthcare" as the reason for its closure, making it impossible to maintain their quality of care. The shutdown marks a significant setback for women's healthcare innovation, despite HerMD's impressive venture capital backing.
💧 Scientists crack code to destroy toxic algae in drinking water. University of Cincinnati researchers have discovered that combining chlorine with UV light effectively detoxifies water contaminated by harmful algae blooms. The breakthrough study, led by doctoral graduate Minghao Kong, offers a cost-effective solution to a problem that forced 500,000 Toledo residents into a water crisis in 2014. The research, published in Environmental Science & Technology, addresses growing concerns about toxic blue-green algae that threaten public water supplies nationwide. This method could prevent future drinking water emergencies as algal blooms become more common.
🧵 Craft store giant Joann to shutter all 800 locations nationwide. The beloved fabric retailer's liquidation comes after a bankruptcy auction where Great American Group won the bid to acquire its assets. All stores will remain open until the end of May, with going-out-of-business sales already underway at two-thirds of locations. The closure impacts seven stores in Greater Cincinnati and will result in over 1,100 job cuts in Ohio alone. The company's leadership expressed deep regret, noting they had exhausted every possibility to keep the 80-year-old business running.
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