HeartSciences Signs Distribution Agreement with MedPhy Technologies, Mumbai, India
September 07 2023 - 9:00AM
Heart Test Laboratories, Inc. d/b/a
HeartSciences (Nasdaq: HSCS; HSCSW) ("HeartSciences" or the
"Company"), an artificial intelligence (AI)-based medical
technology company focused on transforming ECGs/EKGs to save lives
through earlier detection of heart disease, today announced that it
has extended its distribution channel through a new distribution
agreement with MedPhy Technologies Pvt. Ltd. located in Mumbai,
India.
MedPhy Technologies Pvt. Ltd. will serve as
HeartSciences most recent Distributorship fulfilling the role of
both importer and distributor. Their network will provide
HeartSciences with market representation across India once full
product rollout has begun.
“We are extremely excited to partner with HeartSciences to bring
MyoVista® Wavelet ECG (wavECG™) to medical professionals in India,"
said Manojkumar Patil, Director, MedPhy Technologies Pvt. Ltd. “The
emerging field of AI ECG offers the meaningful prospect of low-cost
screening to help solve the diagnostic gap where millions of Indian
people with heart disease remain undiagnosed until some sort of
cardiac event, such as a heart attack.”
Mr Patil continued, “Cardiovascular diseases are a major health
concern in our country. As per a WHO report, India accounts for
about one-fifth of the 17.9 million deaths caused by heart attacks
globally! The key to managing any heart problem is early diagnosis
which can help identify future heart problems before it is too late
and Introducing HeartSciences MyoVista® in India provides
physicians with new patient information related to a patient’s
heart health.”
About HeartSciencesHeart Test Laboratories,
Inc. d/b/a HeartSciences is a medical technology company focused on
applying innovative AI-based technology to an ECG (also known as an
EKG) to expand and improve an ECG's clinical usefulness. Millions
of ECGs are performed every week and the Company's objective is to
improve healthcare by making an ECG a far more valuable cardiac
screening tool, particularly in frontline or point-of-care clinical
settings. HeartSciences' first product candidate for FDA clearance,
the MyoVista® wavECGTM, or the MyoVista®, is a resting 12-lead
ECG that is also designed to provide diagnostic information related
to cardiac dysfunction which has traditionally only been available
through the use of cardiac imaging. The MyoVista® also provides
conventional ECG information in the same test. The business model,
which involves the use of the MyoVista® Device and consumables for
each test, is expected to be "razor-razorblade" as the electrodes
used with the MyoVista® are proprietary to HeartSciences, and new
electrodes are required for every test performed.
For more information, please
visit: https://www.heartsciences.com.
Twitter: @HeartSciences
Contact:
HeartSciences Gene Gephart Phone:
+1-737-414-9213 (US)
Email: investorrelations@heartsciences.com
HeartSciences (NASDAQ:HSCS)
Historical Stock Chart
From Dec 2024 to Jan 2025
HeartSciences (NASDAQ:HSCS)
Historical Stock Chart
From Jan 2024 to Jan 2025