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MMRGlobal Files Form 8-K Regarding Signing of Patent License Agreement, Dr. Shekhar Challa to Medical Board of Advisors

Dec 10 2012 12:00AM

Marketwire

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LOS ANGELES, CA -- (Marketwire) -- 12/10/12 -- MMRGlobal, Inc. (OTCQB: MMRF) today announced it filed a Form 8-K regarding the signing by MyMedicalRecords, Inc. (MMR) of a Non-Exclusive Patent License Agreement with 4medica, Inc. to license U.S. rights for the health IT patents owned by MyMedicalRecords, Inc. These include but are not limited to U.S. Patent Numbers 8,321,240; 8,301,466; 8,117,045; 8,117,646; and 8,121,855, as well as any other health IT patents to be issued pursuant to pending applications filed by MyMedicalRecords in the United States and all divisions, continuations, reissues, and extensions (the "MMR Patents"). The initial term of the Agreement is five years and automatically renews to the expiration date of the last licensed patent to expire, which currently in the U.S. is twenty years from the date of filing. MMRGlobal is a leading provider of Personal Health Records (PHRs) including its MyMedicalRecords.com PHR and MMRPro document management and imaging systems for healthcare professionals.

In June of 2012, the Company announced that 4medica was incorporating a Communications Gateway within its EHR platform using products and other intellectual property designed by MMR and provisioned to 4medica using MMR's patents and other intellectual property. Since the initial launching of the Gateway and the awarding of numerous additional USPTO patents to MMR, the two companies agreed to sign a comprehensive patent license agreement granting 4medica rights to utilize all MMR patents in all 4medica products sold to hospitals, laboratories, healthcare professionals and/or patients. 4medica offers Lab Portal products to more than 30,000 physicians and providers, the 4medica iEHR system which includes the 4medica Electronic Health Record for ambulatory physician practices and clinics, the 4medica iEHR for inpatient care settings and other health centers, and other 4medica clinical informatics products.

The Company also announced that Shekhar Challa, M.D. has joined the Company's Medical Board of Advisors. Dr. Challa, a Board Certified Gastroenterologist in practice for over 25 years, is President and Co-Founder of Kansas Medical Clinic, a multi-speciality clinic focused on Gastroenterology, Dermatology, Neurology and Pathology. Dr. Challa is also founder of Osteoporosis Services, the largest mobile bone density testing company in the Midwest with relationships to more than 150 rural hospitals, a primary targeted market for MMRPro.

Dr. Challa is also a digestive health authority and award-winning author whose most recent book, "Probiotics for Dummies" (Wiley, 2012), followed the publication of "Winning the Hepatitis C Battle" and "Spurn the Burn, Treat the Heat: Everything You Need to Know to Beat Acid Reflux Disease," for which he received the Readers Preference Award. Dr. Challa's latest venture includes being the co-producer of the first-ever probiotic video game, "Microwarriors: The Battle Within."

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