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.
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.
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