Tuesday, January 16, 2018

Johnson & Johnson Veteran Chuck Austin To Scale Up BioSig Operations





Source:  BioSig Technologies, Inc.


BioSig Technologies, Inc. (OTCQB: BSGM), a medical device company developing a proprietary biomedical signal processing platform designed to address an unmet technology need for the $4.6 billion electrophysiology (EP) marketplace, today announced that it has partnered with Mr. Charles (Chuck) Austin and JK Advisors in order to scale up operational activities ahead of the commercial launch of PURE EP(tm) System.

Mr. Austin brings to the Company over 25 years of experience in medical devices, pharmaceuticals and consumer products. Most recently, he served as Corporate Vice President, Global Supply Chain at Johnson & Johnson, and was a member of the J&J Management Committee. In this role, he was responsible for over 60,000 associates at 130 sites around the world while overseeing over 500 external manufacturers, over $22BB in direct spend, and supported in excess of $70BB in sales. His leadership positions within Johnson & Johnson included Company Group Chairman for Ethicon Surgical Care and Worldwide President for Ethicon Endo-Surgery.

The appointment of Mr. Austin comes at a crucial time for BioSig, as the Company executes its market entry in the U.S. in 2018.

Mr. Austin currently serves on multiple boards in the medical and consumer spaces and is a Principal in JK Advisors, a San Diego based firm focused on the medical space. 

“BioSig has impressed us with a strong value proposition and support of leading centers of excellence in the industry. I’m delighted to join the BioSig team at this important time and contribute my knowledge to take the Company to the next level,” commented Mr. Austin.

“BioSig is excited to be working with an executive leader like Chuck. His 25 plus years of experience working for one of the world's leading healthcare organizations can significantly benefit our effort to launch and expand our business operations,” stated Mr. Kenneth Londoner, Chairman & CEO of BioSig Technologies, Inc. “While we expect Chuck to make his initial impact on manufacturing, logistics, and operations, his experience in successfully deploying new commercial models and driving global growth in the medical device marketplace will create value for all our stakeholders. This is an excellent way to kick off our efforts in 2018, which promises to be a pivotal year for the Company.”

About BioSig Technologies
BioSig Technologies is a medical device company developing a proprietary biomedical signal processing technology designed to improve the $4.6 billion electrophysiology (EP) marketplace (www.biosigtech.com). Led by a proven management team and a veteran, independent Board of Directors, Los Angeles-based BioSig Technologies is preparing to commercialize its PURE EP(TM) System.  The technology has been developed to address an unmet need in a large and growing market.

The Company’s first product, PURE EP(TM) System, is a novel cardiac signal acquisition and display system which is engineered to assist electrophysiologists in clinical decision making during procedures to diagnose and treat patients with abnormal heart rates and rhythms. BioSig’s main goal is to deliver technology to improve upon catheter ablation treatments for the prevalent and deadly arrhythmias, Atrial Fibrillation and Ventricular Tachycardia. BioSig has partnered with Minnetronix on technology development and is working toward FDA 510(k) clearance for the PURE EP System.

BIOSIG TECHNOLOGIES COMPLETES PRIVATE PLACEMENT





Source:  BioSig Technologies, Inc.


Capital Raised To Support Operational Growth Ahead of Commercial Launch

BioSig Technologies, Inc. (OTCQB: BSGM), a medical device company developing a proprietary biomedical signal processing platform designed to address an unmet technology need for the $4.6 billion electrophysiology (EP) marketplace, today announced that the Company closed a private placement with proceeds of $4,512,901. 

The Company issued 3,008,607 common shares at a price of $1.50 per share and a half warrant with a 3-year expiration at a cash exercise price of $1.50.

“The continued ability to raise quality capital from long-term shareholders, who build the foundation of our shareholder base, allow us to advance our efforts towards targeted commercial launch later this year,” commented Kenneth L. Londoner, Chairman and CEO of BioSig Technologies, Inc.

About BioSig Technologies
BioSig Technologies is a medical device company developing a proprietary biomedical signal processing technology designed to improve the $4.6 billion electrophysiology (EP) marketplace (www.biosigtech.com). Led by a proven management team and a veteran, independent Board of Directors, Los Angeles-based BioSig Technologies is preparing to commercialize its PURE EP(TM) System.  The technology has been developed to address an unmet need in a large and growing market.

The Company’s first product, PURE EP(TM) System, is a novel cardiac signal acquisition and display system which is engineered to assist electrophysiologists in clinical decision making during procedures to diagnose and treat patients with abnormal heart rates and rhythms. BioSig’s main goal is to deliver technology to improve upon catheter ablation treatments for the prevalent and deadly arrhythmias, Atrial Fibrillation and Ventricular Tachycardia. BioSig has partnered with Minnetronix on technology development and is working toward FDA 510(k) clearance for the PURE EP System.

 

BioSig Technologies Appoints New Chief Financial Officer to Facilitate Growth Trajectory

Source:  BioSig Technologies, Inc.

BioSig Technologies, Inc. (OTCQB: BSGM), a medical device company developing a proprietary biomedical signal processing platform designed to address an unmet technology need for the $4.6 billion electrophysiology (EP) marketplace, today announced that Mr. Steven (Steve) Chaussy will be joining the company to serve in the role of Chief Financial Officer.

Mr. Chaussy brings over 30 years of financial and operating experience to the Company. Prior to joining BioSig Technologies, Mr. Chaussy has been the sole proprietor of Anna & Co., Inc., a consulting company that offers financial and accounting services to small publicly traded companies. Mr. Chaussy has an extensive entrepreneurial growth and development background learned from working for Penske Truck Leasing Co., L.P., a subsidiary of Penske Corporation, where his improvements of management and reporting tools have allowed the company to double in size. During his career, Mr. Chaussy also served as Chief Financial Officer to a number of private and public companies. The systems introduced by Mr. Chaussy have been key drivers of profitability and development of international business lines. Mr. Chaussy is a CPA and received his degree in Accounting from Virginia Polytechnic Institute and State University.

In his role as CFO, Mr Chaussy will be responsible for ensuring the financial organization required to support the Company’s aggressive growth strategy while establishing a strong foundation for long-term progress.

"Steve has been supporting BioSig from the very beginning of our journey. As we step up our efforts towards commercialization, we needed a highly experienced, full-time CFO with the strong expertise in supporting emerging growth companies and successfully managing rapidly developing environments,” stated Mr. Kenneth Londoner, Chairman & CEO of BioSig Technologies, Inc.  “Steve’s ability to navigate complex markets is a definite value-add in both our pre-commercial activities and future growth of our organization.”

“I am both honored and excited to be joining the BioSig team at such a key point in their trajectory,” said Steven Chaussy. “I am impressed with the company current assets, management team and near-term commercialization prospects. I look forward to contributing to the future success of the Company.”

About BioSig Technologies
BioSig Technologies is a medical device company developing a proprietary biomedical signal processing technology designed to improve the $4.6 billion electrophysiology (EP) marketplace (www.biosigtech.com). Led by a proven management team and a veteran, independent Board of Directors, Los Angeles-based BioSig Technologies is preparing to commercialize its PURE EP(TM) System.  The technology has been developed to address an unmet need in a large and growing market.

The Company’s first product, PURE EP(TM) System, is a novel cardiac signal acquisition and display system which is engineered to assist electrophysiologists in clinical decision making during procedures to diagnose and treat patients with abnormal heart rates and rhythms. BioSig’s main goal is to deliver technology to improve upon catheter ablation treatments for the prevalent and deadly arrhythmias, Atrial Fibrillation and Ventricular Tachycardia. BioSig has partnered with Minnetronix on technology development and is working toward FDA 510(k) clearance for the PURE EP System.

BioSig Technologies Issues Shareholder Letter for 2017


Source:  BioSig Technologies, Inc.

Highlights Improvements to Cap Structure, Commercial Relationships and Projected Milestones

BioSig Technologies, Inc. (OTCQB: BSGM), a medical device company developing a proprietary biomedical signal processing platform designed to address an unmet technology need for the $4.6 billion electrophysiology (EP) marketplace, today announced that the Company has officially issued a letter to its shareholders providing them with updates on recent operational developments, industry trends, and strategic business prospects.

Recent Company Highlights
  • Solidified a 10-year collaboration deal with Mayo Clinic
  • Completed a 2-year product assessment study with Health Research International, which has shown strong interest in evaluating PURE EP(tm) System and the ongoing need for innovation in the field of cardiac rhythm management
  • Expanded shareholder base to 22 countries, including Switzerland, UK, Ireland, France, Spain, Israel, Qatar, UAE (Abu Dhabi/Dubai), Iceland, and others
  • Appointed a number of strategic hires ahead of FDA 510(k) submission and targeted commercialization
  • Signed a partnership agreement with one of the top IP strategy firms – Sherpa Technology Group
  • Added Andrew Filler to the Board of Directors, who brings over 20 years of experience in intellectual property for technology and medical device companies
  • Raised $ 5.5 million in equity at a premium-to-market.
“With so much positive news and industry activity, Management felt it was an ideal time to directly communicate with our loyal shareholder base,” stated Mr. Kenneth Londoner, Founder, Chairman and CEO of BioSig Technologies. “We believe that we have made significant strides to our company, both from a technological standpoint and through the addition of human capital.  Additionally, BioSig has significantly improved its financial standing while bolstering strategic industry relationships.  We remain confident in the capabilities of our innovative PURE EP™ System and our ability to successfully commercialize it within the multi-billion-dollar global electrophysiology market. We believe that our recent accomplishments will allow us to begin targeted commercialization and uplist to a more senior exchange in the near future, as we remain focused on our primary goal of enhancing shareholder value.”

To view BioSig Technologies’ Shareholder Letter please visit: link to Shareholder Letter

About BioSig Technologies
BioSig Technologies is a medical device company developing a proprietary biomedical signal processing technology designed to improve the $4.6 billion electrophysiology (EP) marketplace (www.biosigtech.com). Led by a proven management team and a veteran, independent Board of Directors, Los Angeles-based BioSig Technologies is preparing to commercialize its PURE EP(TM) System.  The technology has been developed to address an unmet need in a large and growing market.

The Company’s first product, PURE EP(TM) System, is a novel cardiac signal acquisition and display system which is engineered to assist electrophysiologists in clinical decision making during procedures to diagnose and treat patients with abnormal heart rates and rhythms. BioSig’s main goal is to deliver technology to improve upon catheter ablation treatments for the prevalent and deadly arrhythmias, Atrial Fibrillation and Ventricular Tachycardia. BioSig has partnered with Minnetronix on technology development and is working toward FDA 510(k) clearance for the PURE EP™ System.


BioSig Technologies Adds Role of Chief Regulatory and Compliance Officer in Preparation for FDA Submission





Source:  BioSig Technologies, Inc.


BioSig Technologies, Inc. (OTCQB: BSGM), a medical device company developing a proprietary biomedical signal processing platform designed to address an unmet technology need for the $4.6 billion electrophysiology (EP) marketplace, today announced that the Company has engaged Tiffini Wittwer as Chief Regulatory and Compliance Officer for the upcoming regulatory clearance of PURE EP(TM) System. 

Mrs. Wittwer brings to BioSig over 15 years of experience in FDA regulatory affairs on behalf of public and private companies, most notably Trice Medical, Inc., Embrella Cardiovascular, Inc. (acquired by Edwards Lifesciences in 2011) and Cardica, Inc. During her career, Mrs. Wittwer has successfully delivered FDA 510(k) clearance of mi-eye(TM) and mi-eye 2(TM) visualization systems for Trice Medical and CE mark for Embrella Cardiovascular’s Embolic Deflector system for the use during transcatheter heart valve procedures. In 2016, the sales of transcatheter heart valves represented 55% of all net sales of Edwards Lifesciences.

 “I am pleased to join BioSig during this important time in preparation for FDA 510(k) submission for the PURE EP System. Commercialization is fully dependent on the success of the steps leading to the regulatory clearance. I look forward to contributing my knowledge and expertise to ensure a timely submission of the Company’s 510(k) application with FDA,” commented Mrs. Wittwer.

“Tiffini has been recommended to us for her outstanding work with getting FDA approvals for cardiac medical devices. Her track record in successfully delivering regulatory clearances on both sides of the Atlantic is of significant value to the future commercialization of our technology both in the US and in Europe. We remain fully on track for the targeted launch of our commercial efforts in the second half of 2018,” said Kenneth Londoner, Chairman & Chief Executive Officer of BioSig Technologies, Inc.

About BioSig Technologies
BioSig Technologies is a medical device company developing a proprietary biomedical signal processing technology designed to improve the $4.6 billion electrophysiology (EP) marketplace (www.biosigtech.com). Led by a proven management team and a veteran, independent Board of Directors, Los Angeles-based BioSig Technologies is preparing to commercialize its PURE EP(TM) System.  The technology has been developed to address an unmet need in a large and growing market.

The Company’s first product, PURE EP(TM) System, is a novel cardiac signal acquisition and display system which is engineered to assist electrophysiologists in clinical decision making during procedures to diagnose and treat patients with abnormal heart rates and rhythms. BioSig’s main goal is to deliver technology to improve upon catheter ablation treatments for the prevalent and deadly arrhythmias, Atrial Fibrillation and Ventricular Tachycardia. BioSig has partnered with Minnetronix on technology development and is working toward FDA 510(k) clearance for the PURE EP System.

BioSig Technologies Partners with Sherpa Technology Group

Source:  BioSig Technologies, Inc.

BioSig Technologies, Inc. (OTCQB: BSGM), a medical device company developing a proprietary platform designed to address an unmet technology need for the $4.6 billion electrophysiology (EP) marketplace, today announced that the Company has hired Sherpa Technology Group as its Intellectual Property Advisor.

Sherpa Technology Group (STG), formerly known as 3LP Advisors, is a leading Silicon Valley IP advisory firm that assists clients at the intersection of business, technology, and intellectual property. Established in 2008 by a small group of IP strategy veterans, STG has been providing intellectual property and technology strategy support, including partnership analysis, IP portfolio development, licensing, and monetization strategy support to a number of high profile Silicon Valley firms.

“We are very pleased to guide BioSig through their IP strategy at this important time in the Company’s development, and we look forward to exploring the opportunities for wider applications of BioSig’s technology,” commented Kevin Rivette(1), Managing Partner of Sherpa Technology Group, former Vice President at IBM Corporation, and former Senior Advisor to The Boston Consulting Group.

“Over the past six months we engaged with BioSig’s Board and management, as well as independently interacted with some of the Company’s strategic partners. We are very optimistic about BioSig’s future as a technology company with cutting-edge signal processing hardware and software,” added Andrew Filler(2), Partner and General Counsel of Sherpa Technology Group.

“As BioSig advances toward commercialization, we needed a world-class partner to build a solid IP strategy that will allow us to apply our technology to the new field of bioelectronic medicine. The impact that Kevin and the rest of the STG team(3) had on the IP strategies for some of the most well-known tech companies in the world was unmatched. Their ability to marry IP strategy with the establishment of sustainable and profitable business models was an ideal fit with our thinking and needs. Forging a long-term strategic relationship with STG will cement our intellectual property portfolio as a leader in the field,” said Kenneth Londoner, Chairman & Chief Executive Officer of BioSig Technologies, Inc.

(1) Kevin Rivette is the former Chairman of the USPTO oversight committee. In 2008, Kevin was named to the IP Hall of Fame by IAM magazine. In 2009 he was named one of “The World’s Leading IP Strategists”.
(2) Andrew Filler was named as one of the top two corporate IP attorneys in Silicon Valley by the San Jose/Silicon Valley Business Journal in 2011.
(3) Other key members include: Ralph Eckardt, Managing Partner, was named as one of “The World’s Leading IP Strategists” by IAM magazine; Peter Detkin, Senior Advisor, was named as the second most influential “IP market maker” in the world by IAM.

About Sherpa Technology Group
Founded in 2008 as 3LP Advisors, Sherpa Technology Group is a strategy and M&A advisor on technology and intellectual property ("IP") matters. The firm's clients range from Fortune 500 companies, to emerging technology companies, to investors and investment banks.
Sherpa Technology Group has world-class experience in IP strategy, management consulting, investment banking, and engineering. Members of its leadership team formerly ran The Boston Consulting Group's IP Strategy Practice and were responsible for authoring prominent books on IP strategy, including Rembrandts in the Attic (2000) and The Invisible Edge (2009). Sherpa Technology Group's team comprises IP pioneers who managed and monetized leading patent estates for the world's most recognizable companies, such as IBM Corporation, Intel Corporation, and Intellectual Ventures. The firm has offices in Silicon Valley and Boston.

About BioSig Technologies
BioSig Technologies is a medical device company developing a proprietary technology platform designed to improve the $4.6 billion electrophysiology (EP) marketplace (www.biosigtech.com). Led by a proven management team and a veteran, independent Board of Directors, Los Angeles-based BioSig Technologies is preparing to commercialize its PURE EP(TM) System.  The technology has been developed to address an unmet need in a large and growing market.
The PURE EP System is a novel cardiac signal acquisition and display system, which is engineered to assist electrophysiologists in clinical decision making during procedures to diagnose and treat patients with abnormal heart rates and rhythms. BioSig’s main goal is to deliver technology to improve upon catheter ablation treatments for the prevalent and deadly arrhythmias, Atrial Fibrillation and Ventricular Tachycardia. BioSig has partnered with Minnetronix on technology development and is working toward FDA 510(k) clearance for the PURE EP System.

IP veteran Andrew Filler joins BioSig Technologies’ Board of Directors





Source:  BioSig Technologies, Inc.


BioSig Technologies, Inc. (OTCQB: BSGM), a medical device company developing a proprietary biomedical signal processing platform designed to address an unmet technology need for the $4.6 billion electrophysiology (EP) marketplace, today announced the appointment of Andrew Filler to the Company’s Board of Directors. 

Mr. Filler brings to BioSig over 20 years of experience in intellectual property for technology and medical device companies. He currently serves as Partner and General Counsel for Sherpa Technology Group, a leading Silicon Valley IP advisory firm. Prior to this assignment, Mr. Filler served as Vice President of IP for Nanosys, Inc., where he created and managed one of the largest nanotechnology patent portfolios in the world with over 800 patents and applications. Under his leadership Nanosys completed hundreds of multi-million-dollar licensing, equity and collaborative agreements with companies such as Samsung, Intel, LG and Medtronic.  Mr. Filler was recently named as one of the top two corporate IP attorneys in Silicon Valley by the San Jose/Silicon Valley Business Journal in 2011 and previously served as chief intellectual property counsel at Caliper Technologies, senior associate attorney at Weil, Gotshal & Manges, and director of intellectual property at Corvascular.

Mr. Filler will be taking the seat of Dr. Jerome B. Zeldis, former Chief Executive Officer of Celgene Global Health and Chief Medical Officer of Celgene Corporation, who has faithfully served the BioSig shareholders since 2014 and is now retiring from Board service.
 
“The quality of our Board of Directors is our biggest asset. The guidance that each Board member has brought to the Company throughout the years was, and remains, invaluable. As we progress towards commercialization, Andy’s deep understanding of technology and his impressive legal background will be key components for shaping our future licensing and business development strategy,” said Kenneth Londoner, Chairman and Chief Executive Officer of BioSig Technologies, Inc.

About BioSig Technologies
BioSig Technologies is a medical device company developing a proprietary biomedical signal processing technology designed to improve the $4.6 billion electrophysiology (EP) marketplace (www.biosigtech.com). Led by a proven management team and a veteran, independent Board of Directors, Los Angeles-based BioSig Technologies is preparing to commercialize its PURE EP(TM) System.  The technology has been developed to address an unmet need in a large and growing market.

The PURE EP System is a novel cardiac signal acquisition and display system, which is engineered to assist electrophysiologists in clinical decision making during procedures to diagnose and treat patients with abnormal heart rates and rhythms. BioSig’s main goal is to deliver technology to improve upon catheter ablation treatments for the prevalent and deadly arrhythmias, Atrial Fibrillation and Ventricular Tachycardia. BioSig has partnered with Minnetronix on technology development and is working toward FDA 510(k) clearance for the PURE EP System.